Monthly Archives: August 2014

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

Posted on August 4, 2014 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.21% against the JPY and closed at 102.59 after the US reported a weaker than expected employment data. Over the weekend, Japan’s monetary base in July on an annual basis rose to 42.7% … Continue reading →

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GBP/USD: UK July manufacturing PMI eased at its slowest pace in a year

Posted on August 4, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP declined 0.41% against the USD and closed at 1.6818 after the UK’s factory activity expanded at a slower-than-expected rate. The manufacturing PMI declined to a reading of 55.4 in July. Market expectations were in line … Continue reading →

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

Posted on August 4, 2014 by GCI Financial

EURUSD Movement On Friday, the EUR rose 0.27% against the USD and closed at 1.3425. The USD lost ground following disappointing economic releases from the US. The nation’s unemployment rate rose to 6.2%, against market expectations of rate to steady … Continue reading →

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Crude Oil: Oil trading on a higher footing in the Asian session

Posted on August 4, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices marginally declined against the USD for the period ending 21:00GMT, closing at 97.74 as weak US jobs data raised concerns over the demand from the largest consumer of crude. In the Asian … Continue reading →

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Silver: White metal trading higher this morning

Posted on August 4, 2014 by GCI Financial

Silver Movement On Friday, Silver prices declined 0.20% to USD 20.35 per ounce during the period ending 21:00GMT. Data revealed that the US Mint sold 1,975,000 ounces of American Eagle silver coins in July, the lowest since December 2013. In … Continue reading →

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Gold: Yellow metal trading lower in the Asian Session

Posted on August 4, 2014 by GCI Financial

Gold Movement On Friday Gold prices traded higher by 0.85% against the USD in the period ending 21:00GMT, at 1294.80 per ounce after the US reported a downbeat non-farm payroll data, diminishing the confidence over the labour market strength. Meanwhile, … Continue reading →

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Trading Signals as per 1-August-2014

Posted on August 1, 2014 by GCI Financial

Pair Action Status Stop Loss Take Profit USD/CAD SELL Active 1.0972 1.0902 GBP/CHF SELL Active 1.5342 1.5252 GBP/USD BUY Active 1.6778 1.6848 USD/CHF BUY Active 0.9048 0.9118 EUR/USD SELL Active 1.3348 1.3418 Additional Forex Trading Signals: MetaTrader:  Visit www.mql5.com/en/signals/mt4 to select from … Continue reading →

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Crude Oil: Oil demand to grow 1.2 mb/d, OPEC

Posted on August 1, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.63% against the USD for the 24 hour period ending 23:00GMT, closing at 97.76. In a noteworthy development, the OPEC Monthly Oil Market Report for July 2014 projected that the world oil demand … Continue reading →

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Silver: White metal reverses its losses in Asian session

Posted on August 1, 2014 by GCI Financial

Silver Movement Silver prices declined 1.33% to USD 20.39 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 20.43, 0.2% higher from yesterday’s close. Silver is expected to find support at … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on August 1, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.87% against the USD in the 24 hour period ending 23:00GMT, after US labour costs recorded their biggest gain in more than 5-1/2 years in the second quarter boosted the economy’s outlook, which … Continue reading →

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AUD/USD: AiG performance of manufacturing index comes to expansion territory in July

Posted on August 1, 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 0.9302. LME Copper prices rose 0.6% or $ 45.5/MT to $ 7135.5/MT. Aluminium prices rose 1.7% or $ 34.0/MT to $ … Continue reading →

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