Monthly Archives: August 2014

Gold: Yellow metal continues its gain in the Asian session

Posted on August 7, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 1.43% against the USD in the 24 hour period ending 23:00GMT, at 1307.50 per ounce, as safe haven appeal of the yellow metal rose following reports that the Poland’s foreign minister, Radoslaw Sikorski, … Continue reading →

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AUD/USD: Aussie trading lower after unemployment rate hits 12-year high

Posted on August 7, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.49% against the USD to close at 0.9349. LME Copper prices declined 1.5%or $105.5/MT to $6995.0/MT. Aluminium prices declined 0.9% or $18.5/MT to $1983.5/MT. In the Asian session, … Continue reading →

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USD/CAD: Canadian trade surplus notched a two and a half year high level in June

Posted on August 7, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.40% against the CAD to close at 1.0918. In economic news, Canada’s merchandise trade balance recorded an unexpectedly large trade surplus of C$1.86 billion, compared to a surplus … Continue reading →

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USD/CHF: Swiss Franc trading below its MA’s

Posted on August 7, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CHF and closed at 0.9076. In economic news, the consumer price index declined 0.4% in Switzerland, on a monthly basis in July, in line with … Continue reading →

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USD/JPY: Japanese Yen reverses its gain in the Asian session

Posted on August 7, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.50% against the JPY and closed at 102.11. On the macro front, Japan’s leading index rose to a level of 105.5 in June, for the first time in … Continue reading →

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GBP/USD: British Pound trading a tad higher ahead of BoE’s interest rate decision

Posted on August 7, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.17% against the USD and closed at 1.6852 after NIESR reported that UK’s GDP grew by 0.6% in the three months to July, making it the slowest rise … Continue reading →

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EUR/USD: Euro trading a tad higher ahead of ECB’s interest rate decision

Posted on August 7, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.10% against the USD and closed at 1.3383. In economic news, in Germany, Eurozone’s biggest economy, factory orders plunged at their fastest rate in nearly three years in … Continue reading →

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Trading Signals as per 6-August-2014

Posted on August 6, 2014 by GCI Financial

Pair Action Status Stop Loss Take Profit USD/CHF SELL Active 0.9132 0.9062 GBP/CHF BUY Active 1.5268 1.5358 EUR/USD BUY Active 1.3298 1.3368 EUR/CHF SELL Active 1.2187 1.2142 USD/JPY BUY Active 102.13 102.58 Additional Forex Trading Signals: MetaTrader:  Visit www.mql5.com/en/signals/mt4 to select from … Continue reading →

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Crude Oil: Oil continues its losses in the Asian Session

Posted on August 6, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.75% against the USD for the 24 hour period ending 23:00GMT, closing at 97.69. However, the American Petroleum Institute (API) reported that US Crude Oil supplies slipped by 5.5 million barrels in the … Continue reading →

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Silver: White metal trading below its MA’s

Posted on August 6, 2014 by GCI Financial

Silver Movement Silver prices declined 2.03% against the USD in the 24 hour period ending 23:00GMT, at 19.78 per ounce. In the Asian session, at GMT0300, Silver is trading at 19.87, 0.48% higher from yesterday’s close. Silver is expected to … Continue reading →

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Gold: Yellow metal trading higher this morning

Posted on August 6, 2014 by GCI Financial

Gold Movement Gold prices traded flat against the USD in the 24 hour period ending 23:00GMT, at 1289.10 per ounce, as increased expectations of a sooner-than-expected US interest rate hike curbed the gains arising from looming Ukrainian concerns. In the … Continue reading →

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