Monthly Archives: August 2014

USD/JPY: Japanese Yen trading higher after the BoJ’s Policy Meeting

Posted on August 8, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD is trading marginally lower against the JPY and closed at 102.07. In the Asian session, at GMT0300, the pair is trading at 101.78, with the USD trading 0.28% lower … Continue reading →

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Crude Oil: Oil continues its gain in the Asian session

Posted on August 8, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices gained 0.57% against the USD for the 24 hour period ending 23:00GMT, closing at 97.43, after US, the largest consumer of crude, revealed an upbeat initial claims data. In the Asian session, at GMT0300, … Continue reading →

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Silver: White metal trading above/below its MA’s

Posted on August 8, 2014 by GCI Financial

Silver Movement Silver prices declined 0.40% to USD 19.97 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 19.98, tad higher from yesterday’s close. Silver is expected to find support at … Continue reading →

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Gold: Yellow metal rises on rising geopolitical tensions

Posted on August 8, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.41% against the USD in the 24 hour period ending 23:00GMT, at 1312.80 per ounce after tensions escalated between Moscow and other developed countries because of the sanction wars. However, the gains were … Continue reading →

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AUD/USD: No interest rate hike soon, says RBA

Posted on August 8, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.86% against the USD to close at 0.9269 LME Copper prices declined 0.2% or $14.5/MT to $6980.5/MT. Aluminium prices rose 1.6% or $31.0/MT to $2014.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie continues with its losses in the Asian session

Posted on August 8, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD gained 0.12% against the CAD to close at 1.0931. In economic news, the seasonally adjusted Ivey Purchasing Managers’ Index in Canada advanced at the fastest pace in three months … Continue reading →

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USD/CHF: Swiss Franc reverses its losses in the Asian session, ahead of Swiss unemployment rate

Posted on August 8, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD gained 0.14% against the CHF and closed at 0.9089. On the macro level, the SECO consumer climate in Switzerland fell unexpectedly to -1.0 in Q2 2014. Markets anticipations for … Continue reading →

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EUR/USD: ECB expresses concern as Russia imposes sanctions on Europe

Posted on August 8, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.16% against the USD and closed at 1.3361, as European Central Bank (ECB) President, Mario Draghi, cautioned that the sanctions war against Russia could worsen the economic outlook … Continue reading →

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Trading Signals as per 07-August-2014

Posted on August 7, 2014 by GCI Financial

Pair Action Status Stop Loss Take Profit USD/CHF BUY Active 0.9048 0.9118 GBP/USD BUY Active 1.6798 1.6868 USD/JPY BUY Active 101.88 102.58 NZD/USD BUY Active 0.8428 0.8498 EUR/USD SELL Active 1.3409 1.3364 Additional Forex Trading Signals: MetaTrader:  Visit www.mql5.com/en/signals/mt4 to select from … Continue reading →

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Crude Oil: Crude oil trading below its MA’s

Posted on August 7, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.83% against the USD for the 24 hour period ending 23:00GMT, closing at 96.88. The Energy Information Administration reported that US crude oil inventories stood at 365.60 million barrels last week, dropping by … Continue reading →

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Silver: White metal trading above its MA’s

Posted on August 7, 2014 by GCI Financial

Silver Movement Silver prices rose 1.39% to USD 20.05 per ounce during the 24 hours ending 23:00GMT as concerns of escalating Ukraine conflict raised the prices of precious metals. In the Asian session, at GMT0300, Silver is trading at 20.11, … Continue reading →

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