Monthly Archives: March 2016

Crude Oil: Oil trading higher, ahead of the EIA’s weekly crude oil inventory data

Posted on March 30, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices declined 2.00% against the USD for the 24-hour period ending 23:00GMT, closing at 38.63, after Kuwait and Saudi Arabia announced their decision to resume oil production at the jointly operated 300,000-barrel-per-day Khafji field, further … Continue reading →

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Silver: White metal reverses its gains in the Asian session

Posted on March 30, 2016 by GCI Financial

Silver Movement Silver prices rose 0.72% to USD 15.36 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 15.315, with the silver trading 0.26% lower … Continue reading →

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Gold: Yellow metal trading on a weaker footing in the morning session

Posted on March 30, 2016 by GCI Financial

Gold Movement Gold prices traded higher by 1.48% against the USD in the 24-hour period ending 23:00GMT, at 1241.80 per ounce, extending its previous session gains, amid a weaker greenback, after the Federal Reserve Chair, Janet Yellen, indicated that the … Continue reading →

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

Posted on March 30, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 1.17% against the USD to close at 0.7634. LME Copper prices rose 0.17% or $8.5/MT to $4939.5/MT. Aluminium prices rose 0.24% or $3.5/MT to $1473.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading on a weaker footing in the Asian session

Posted on March 30, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.87% against the CAD to close at 1.3067. In economic news, Canada’s industrial product price index dropped more-than-expected by 1.1% MoM in February, compared to market expectations for … Continue reading →

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USD/CHF: Swiss Franc trading tad higher, ahead of Switzerland’s UBS and KOF indicator data

Posted on March 30, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.72% against the CHF and closed at 0.9668. In economic news, Switzerland’s total sight deposits inched up to a level of CHF483.3 billion in the week ended 25 … Continue reading →

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USD/JPY: Japan’s industrial output plunged in February

Posted on March 30, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.61% against the JPY and closed at 112.73. In the Asian session, at GMT0300, the pair is trading at 112.49, with the USD trading 0.22% lower from yesterday’s … Continue reading →

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GBP/USD: EU referendum poses risk to UK’s economic stability, warned the BoE

Posted on March 30, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.90% against the USD and closed at 1.4385. Yesterday, the BoE’s financial policy committee, echoed recent remarks by the central bank Governor, Mark Carney, that the referendum on … Continue reading →

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EUR/USD: Euro trading tad higher, ahead of Germany’s consumer price inflation data

Posted on March 30, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.81% against the USD and closed at 1.1289. In economic news, the Euro-zone’s private sector loans rose by 1.6% YoY in February, its fastest rate since 2011, after … Continue reading →

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Trading Signals as per 29-March-2016

Posted on March 29, 2016 by GCI Financial

Pair Action Status Stop Loss Take Profit EUR/USD SELL Active 1.1252 1.1182 USD/CAD BUY Active 1.3138 1.3228 GBP/CHF SELL Active 1.3965 1.3854 AUD/USD SELL Active 0.7565 0.7505 Additional Forex Trading Signals: MetaTrader: Visit www.mql5.com/en/signals/mt4 to select from many third-party trading signals that connect … Continue reading →

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Crude Oil: Oil trading lower, ahead of the API’s weekly crude oil inventory data

Posted on March 29, 2016 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 39.41, as global supply glut concerns continued to weigh on the commodity’s price. In the Asian session, at GMT0300, the pair … Continue reading →

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