Daily Archives: January 7, 2016

Crude Oil: Oil extends its losses in the morning session

Posted on January 7, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices declined 5.79% against the USD for the 24 hour period ending 23:00GMT, closing at 34.16, as weakening Chinese economy dampened the demand outlook of the commodity from the world’s second biggest economy.. Oil prices … Continue reading →

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Silver: White metal trading on a stronger footing in the Asian session

Posted on January 7, 2016 by GCI Financial

Silver Movement Silver prices rose 0.32% to USD 14.02 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 14.08, with the silver trading 0.46% higher … Continue reading →

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Gold: Yellow metal trading higher this morning

Posted on January 7, 2016 by GCI Financial

Gold Movement Gold prices traded higher by 1.59% against the USD in the 24 hour period ending 23:00GMT, at 1094.10 per ounce, amid a broad slump in global equity markets, on the back of worries over the Chinese economy and … Continue reading →

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AUD/USD: Australia records trade deficit for the 20th consecutive month in November

Posted on January 7, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 1.36% against the USD to close at 0.7067. Yesterday, the World Bank slashed growth forecast for the Chinese economy, by 0.3 points to 6.7% in 2016 and by … Continue reading →

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USD/CAD: Loonie trading lower, ahead of Canada’s Ivey PMI data

Posted on January 7, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.73% against the CAD to close at 1.4078. In economic news, Canada’s international merchandise trade deficit narrowed to C$2.0 billion in November, from a revised trade deficit of … Continue reading →

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USD/CHF: Swiss Franc trading on a stronger footing in the morning session

Posted on January 7, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 1.0077. In the Asian session, at GMT0400, the pair is trading at 1.0036, with the USD trading 0.41% lower from yesterday’s … Continue reading →

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USD/JPY: World Bank cuts Japan’s 2016 growth forecast to 1.3%

Posted on January 7, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.54% against the JPY and closed at 118.49. Yesterday, the World Bank cut Japan’s 2016 growth forecast by 0.4 points to 1.3%, citing weakness in domestic demand and … Continue reading →

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GBP/USD: UK’s services PMI nudged lower in December

Posted on January 7, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.35% against the USD and closed at 1.4627, after the UK’s Markit services PMI expanded at a slower-than-anticipated pace and recorded a reading of 55.5 in December, compared … Continue reading →

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EUR/USD: Euro trading higher, ahead of Euro-zone’s unemployment rate data

Posted on January 7, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.21% against the USD and closed at 1.0776, after Germany’s final Markit services PMI exceeded expectations and reached a nearly one and a half year high level of … Continue reading →

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