Monthly Archives: July 2014

AUD/USD: Aussie trading below its MA’s

Posted on July 25, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.25% against the USD to close at 0.9416, after the IMF lowered its growth forecast for Australia’s largest trading partner, China, to 7.4% for 2014 from previous estimate … Continue reading →

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USD/CAD: Loonie reverses its losses in the Asian session

Posted on July 25, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD to close at 1.0745. The Canadian Dollar lost ground after investor sentiment in the nation dented following the Canadian government’s decision to impose further … Continue reading →

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USD/CHF: Cap on the Swiss Franc would continue for some more time, SNB’s Jordan

Posted on July 25, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD traded flat against the CHF and closed at 0.9025. Yesterday, in an interview, the SNB Chairman Thomas Jordan echoed his earlier comments that the central bank would maintain a … Continue reading →

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USD/JPY: Yen trading flat following a slowdown in Japan’s inflation rate

Posted on July 25, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.25% against the JPY and closed at 101.79. Yesterday, the IMF upgraded its economic growth forecasts for Japan to 1.6% in 2014, hinting that the nation made significant … Continue reading →

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GBP/USD: Pound trading tad lower ahead of the UK GDP data

Posted on July 25, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.28% against the USD and closed at 1.6988, following downbeat retail sales data from the UK. Official data revealed that retail sales rose 0.1% in June, on a … Continue reading →

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EUR/USD: Euro extends its gains following upbeat PMI numbers from the Euro-zone

Posted on July 25, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally rose against the USD and closed at 1.3464, following upbeat PMI numbers from across the Euro-zone. The manufacturing activity of German expanded to a level of 52.9 in … Continue reading →

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Trading Signals as per 24-July-2014

Posted on July 24, 2014 by GCI Financial

Pair Action Status Stop Loss Take Profit USD/CHF SELL Active 0.9043 0.8998 USD/JPY BUY Active 101.08 101.78 USD/CAD BUY Active 1.0698 1.0768 EUR/JPY SELL Active 137.12 136.32 NZD/USD SELL Active 0.8632 0.8562 Additional Forex Trading Signals: MetaTrader:  Visit www.mql5.com/en/signals/mt4 to select from … Continue reading →

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Crude Oil: Oil prices trading lower in the Asian session

Posted on July 24, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.30% against the USD for the 24 hour period ending 23:00GMT, closing at 103.20, after US Energy Information Administration reported that crude oil stockpiles unexpectedly shrank for the fourth consecutive week by 4 … Continue reading →

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Silver: White metal trading below its MA’s

Posted on July 24, 2014 by GCI Financial

Silver Movement Silver prices declined 0.24% to USD 20.96 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 20.85, 0.52% lower from yesterday’s close. Silver is expected to find support at … Continue reading →

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Gold: Yellow metal extends its losses in the Asian session

Posted on July 24, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1304.60 per ounce, after safe haven appeal of the yellow metal diminished following a rally in global equities. Meanwhile, waning physical … Continue reading →

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AUD/USD: Aussie on a higher footing following China PMI data

Posted on July 24, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.52% against the USD to close at 0.9440. LME Copper prices rose 0.1% or $4.5/MT to $ 7065.0/MT. Aluminium prices declined 0.5% or $9.5/MT to $ 2011.0/MT. In … Continue reading →

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