Monthly Archives: August 2014

Crude Oil: Oil continues with its gain in the Asian session

Posted on August 11, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 0.26% against the USD for the period ending 21:00GMT, closing at 97.68. However easing geopolitical tensions capped its gains. Meanwhile, the OPEC has cut down its 2014 global oil demand growth … Continue reading →

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Silver: White metal trading below its MA’s

Posted on August 11, 2014 by GCI Financial

Silver Movement On Friday, Silver prices declined 0.38% to USD 19.90 per ounce during the period ending 21:00GMT, tracking gold losses. In the Asian session, at GMT0300, Silver is trading at 19.89, marginally lower from Friday’s close. Silver is expected … Continue reading →

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Gold: Yellow metal continues its losing streak in the Asian session.

Posted on August 11, 2014 by GCI Financial

Gold Movement On Friday, Gold prices traded lower by 0.08% against the USD in the period ending 21:00GMT, at 1311.70 per ounce as safe haven appeal of the yellow metal diminished after reports came in that Russia has ended its … Continue reading →

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AUD/USD: Aussie continues its gain in the Asian session

Posted on August 11, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened 0.06% against the USD to close at 0.9275. In economic news, the foreign exchange reserves surplus in Australia fell to A$ 62.714 billion in July, from a surplus of A$ 62.872 billion reported … Continue reading →

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USD/CAD: Loonie trading lower as labour force participation falls to a 13-year low

Posted on August 11, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.37% against the CAD to close at 1.0971, after the Canadian labour market continued to disappoint with only 200 new jobs added during July. Market had expected an addition of around 24K jobs … Continue reading →

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USD/CHF: CHF reverses its gain in the Asian session

Posted on August 11, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.34% against the CHF and closed at 0.9058. On the macro level, the Swiss seasonally adjusted unemployment rate remained unchanged at 3.2% for the 13th time in July, as expected by the markets. … Continue reading →

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USD/JPY: Japanese Yen trading lower ahead of BoJ’s economic survey

Posted on August 11, 2014 by GCI Financial

USDJPY Movement On Friday, the USD traded tad higher against the JPY and closed at 102.12. On the macro level, Eco watchers survey for the current situation in Japan climbed to 51.3 in July, its future outlook in Japan declined … Continue reading →

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GBP/USD: Pound trading lower after the UK trade deficit widened in June

Posted on August 11, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP declined 0.32% against the USD and closed at 1.6778, after the release of downbeat trade balance data from the UK. Official data showed that the British trade deficit widened to £9.41 billion in June, from … Continue reading →

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EUR/USD: Euro reverses its gain in the Asian Session

Posted on August 11, 2014 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.34% against the USD and closed at 1.3406. In economic news, Germany, Euro-zone’s biggest economy, registered a decline in its trade surplus. The seasonally adjusted trade surplus in Germany narrowed to €16.2 billion in … Continue reading →

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Trading Signals as per 08-August-2014

Posted on August 8, 2014 by GCI Financial

Pair Action Status Stop Loss Take Profit EUR/USD BUY Active 1.3338 1.3418 USD/CHF BUY Active 0.9018 0.9088 GBP/USD SELL Active 1.6852 1.6782 USD/JPY BUY Active 101.28 102.08 USD/CAD SELL Active 1.0962 1.0892 Additional Forex Trading Signals: MetaTrader:  Visit www.mql5.com/en/signals/mt4 to select from … Continue reading →

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GBP/USD: BoE keeps interest rates unchanged at 0.5% and held the size of its bond-buying program steady

Posted on August 8, 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 1.6832. The Bank of England (BoE) left its benchmark interest rate unchanged at a record-low level of 0.5%, the level it … Continue reading →

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