Monthly Archives: July 2014

USD/CAD: Loonie trading above its MA’s

Posted on July 9, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.28% against the CAD to close at 1.0683. Yesterday, leading ratings agency, Moody’s Investors Service downgraded its outlook on the Canadian banking system, citing the government’s unwillingness to … Continue reading →

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USD/CHF: Swiss Franc trading on a lower footing this morning

Posted on July 9, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CHF and closed at 0.8933. Earlier during the day, the Swiss France came under pressure after the Swiss consumer price inflation unexpectedly declined 0.1% in … Continue reading →

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USD/JPY: Discussions about exiting BoJ’ QE programme is too premature, BoJ’s Nakaso

Posted on July 9, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.26% against the JPY and closed at 101.84. On the economic front, Japan’s economy watchers’ assessment of current conditions improved, while their expectations weakened in June. The Eco … Continue reading →

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GBP/USD: UK economy accelerates in Q2 2014, indicates NIESR

Posted on July 9, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.12% against the USD and closed at 1.7134, after disappointing industrial and manufacturing data from the UK. The industrial production in the UK declined 0.7% (M-o-M) in May, … Continue reading →

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EUR/USD: US CPI to be below 2% for more years, Fed’s Narayana Kocherlakota

Posted on July 9, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.14% against the USD and closed at 1.3607, as an official report revealed that German trade surplus widened more than market expectations for May, even as the nation’s … Continue reading →

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Trading Signals per 8-July-2014

Posted on July 8, 2014 by GCI Financial

Pair Action Status Stop Loss Take Profit EUR/USD BUY Active 1.3548 1.3618 EUR/CHF SELL Active 1.2186 1.2141 USD/JPY BUY Active 101.61 102.06 EUR/JPY BUY Active 137.98 138.78 Additional Forex Trading Signals: MetaTrader:  Visit www.mql5.com/en/signals/mt4 to select from many third-party trading signals that … Continue reading →

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Crude Oil: Crude trading flat ahead of the API data

Posted on July 8, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.39% against the USD for the 24 hour period ending 23:00GMT, closing at 103.41, in the wake of an announcement by Libya’s Oil ministry that the nation had almost 7.5 million barrels ready … Continue reading →

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Silver: White metal extends its losses in the Asian session

Posted on July 8, 2014 by GCI Financial

Silver Movement Silver prices declined 0.28% to USD 21.08 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 21.05, 0.14% lower from yesterday’s close. Silver is expected to find support at … Continue reading →

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Gold: Yellow metal trading tad lower in the Asian session

Posted on July 8, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.09% against the USD in the 24 hour period ending 23:00GMT, at 1319.50 per ounce, as reports suggested a rise in the net-long positions of hedge fund managers for a fourth straight week … Continue reading →

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AUD/USD: Aussie extends its profit this morning

Posted on July 8, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.16% against the USD to close at 0.9373. LME Copper prices declined 0.5% or $38.5/MT to $ 7120.5/MT. Aluminium prices rose 0.1% or $1.0/MT to $1894.0/MT. In the … Continue reading →

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USD/CAD: Loonie trading above its MA’s

Posted on July 8, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.28% against the CAD to close at 1.0683. The Canadian Dollar lost momentum, after the release of largely disappointing data from Canada. The Ivey PMI reading unexpectedly retreated … Continue reading →

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