Monthly Archives: March 2016

Crude Oil: Oil trading below its MA’s

Posted on March 24, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices declined 3.88% against the USD for the 24 hour period ending 23:00GMT, closing at 39.59, on the back of a massive build-up in US crude stocks, eroding hope of an ease in the supply … Continue reading →

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Silver: White metal trading lower this morning

Posted on March 24, 2016 by GCI Financial

Silver Movement Silver prices declined 3.84% to USD 15.28 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 15.27, with the silver trading marginally lower … Continue reading →

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Gold: Yellow metal trading on a weaker footing this morning

Posted on March 24, 2016 by GCI Financial

Gold Movement Gold prices traded lower by 1.94% against the USD in the 24 hour period ending 23:00GMT, at 1224.20 per ounce, amid broad gains in the greenback, following hawkish remarks by Fed officials supporting another increase in interest rates … Continue reading →

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AUD/USD: Aussie trading lower in the Asian session

Posted on March 24, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 1.09% against the USD to close at 0.7532. LME Copper prices declined 0.19% or $9.5/MT to $5060.5/MT. Aluminium prices declined 0.07% or $1.0/MT to $1480.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie extends its losses this morning

Posted on March 24, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.28% against the CAD to close at 1.3214. According to a private research report, Canada’s economy is expected to grow at 1.9% in 2016 and by 2.0% in … Continue reading →

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USD/CHF: Swiss KOF slashed GDP grow estimations

Posted on March 24, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CHF and closed at 0.9753. In economic news, Switzerland’s ZEW economic expectations index rebounded to a level of 2.50 in March from -5.90 recorded in … Continue reading →

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USD/JPY: Japan’s government downgraded assessment of its economy

Posted on March 24, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.08% against the JPY and closed at 112.39. Yesterday, the Japanese government lowered its estimation of the national economy for the first time in five months, citing weakness … Continue reading →

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GBP/USD: Pound extends its losses, ahead of Britain’s retail sales data

Posted on March 24, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.71% against the USD and closed at 1.4116, as the probability of successful Brexit referendum increased after the Brussels attacks. In the Asian session, at GMT0400, the pair … Continue reading →

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EUR/USD: Euro trading lower ahead of Germany’s Gfk consumer confidence data

Posted on March 24, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.32% against the USD and closed at 1.1183. In economic news, wage inflation in Italy climbed 0.10% MoM in February. In the prior month, the wage inflation had … Continue reading →

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Trading Signals as per 23-March-2016

Posted on March 23, 2016 by GCI Financial

Pair Action Status Stop Loss Take Profit USD/JPY BUY Active 111.88 112.78 AUD/USD BUY Active 0.7568 0.7648 NZD/USD BUY Active 0.6696 0.6764 GBP/CHF SELL Active 1.3919 1.3759 EUR/USD SELL Active 1.1252 1.1182 Additional Forex Trading Signals: MetaTrader: Visit www.mql5.com/en/signals/mt4 to select from many … Continue reading →

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

Posted on March 23, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.79% against the USD for the 24-hour period ending 23:00GMT, closing at 41.19, after the American Petroleum Institute (API) reported that US oil inventories rose by 8.7 million barrels in the week ended … Continue reading →

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