Monthly Archives: December 2014

Gold: Yellow metal reverses its gains in the Asian session

Posted on December 29, 2014 by GCI Financial

Gold Movement On Friday, Gold prices traded higher by 1.34% against the USD in the period ending 21:00GMT, at 1194.60 per ounce, as demand for the yellow metal rose amid reports that China, the world’s largest consumer of gold would … Continue reading →

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AUD/USD: Aussie extends its gains in the Asian session

Posted on December 29, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened 0.07% against the USD to close at 0.8121. In economic news, Chinese industrial profits fell 4.2% in November, recording the highest annual decline since August 2012. On a YTD basis, industrial profits advanced … Continue reading →

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USD/CAD: Loonie trading above its MA’s

Posted on December 29, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.09% against the CAD to close at 1.1623. In the Asian session at 4:00GMT, USD is trading at 1.1630, 0.06% higher against the Canadian dollar from Friday’s close. The pair is expected to … Continue reading →

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USD/CHF: Swiss Franc nudged higher ahead of the UBS Consumption Indicator

Posted on December 29, 2014 by GCI Financial

USDCHF Movement On Friday, the USD rose 0.35% against the CHF and closed at 0.9878. In the Asian session, at 4:00GMT, the USD is trading at 0.9869, 0.09% lower versus Swiss Franc, from Friday’s close. The pair is expected to … Continue reading →

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USD/JPY: $29 billion stimulus plan approved by the Japan cabinet

Posted on December 29, 2014 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 0.13% against the JPY and closed at 120.40. The JPY continued its downward trend after poor macro-economic data from Japan cast doubts on the economic health of the nation. Data released last week … Continue reading →

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GBP/USD: UK economy surpasses France as fifth largest in the world.

Posted on December 29, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP marginally declined against the USD and closed at 1.5555. Last week, the Centre for Economics and Business Research (CEBR) revealed that the UK economy has overtaken France to become the world’s fifth largest economy. Furthermore, … Continue reading →

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EUR/USD: Greece election crisis engulfs the Euro-zone economy

Posted on December 29, 2014 by GCI Financial

EURUSD Movement On Friday, the EUR declined 0.34% against the USD and closed at 1.2178, on concerns of political instability in Greece. Last week, the ruling party of Greece was not able to secure majority votes in the parliament, despite … Continue reading →

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Trading Signals as per 29-December-2014

Posted on December 29, 2014 by GCI Financial

Pair Action Status Stop Loss Take Profit EUR/USD SELL Active 1.2222 1.2152 USD/CHF BUY Active 0.9838 0.9908 GBP/USD BUY Active 1.5528 1.5598 USD/CAD SELL Active 1.1662 1.1592 NZD/USD BUY Active 0.7728 0.7798 Additional Forex Trading Signals: MetaTrader:  Visit www.mql5.com/en/signals/mt4 to select from … Continue reading →

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Crude Oil: Conflicts in Libya causes oil prices to rebound this morning

Posted on December 29, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices declined 1.51% against the USD for the period ending 21:00GMT, closing at 54.90, amid persistent worries about global supply glut and weak demand. Last week, the EIA reported that crude stockpiles rose … Continue reading →

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Silver: White metal extends its gains in the Asian session

Posted on December 29, 2014 by GCI Financial

Silver Movement On Friday, Silver prices rose 1.39% to USD 16.05 per ounce during the period ending 21:00GMT, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 16.115, with silver trading 0.44% higher … Continue reading →

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Gold: Yellow metal reverses its gains in the Asian session

Posted on December 29, 2014 by GCI Financial

Gold Movement On Friday, Gold prices traded higher by 1.34% against the USD in the period ending 21:00GMT, at 1194.60 per ounce, as demand for the yellow metal rose amid reports that China, the world’s largest consumer of gold would … Continue reading →

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