Monthly Archives: May 2016

USD/CAD: Loonie trading lower, ahead of Canada’s unemployment rate data

Posted on May 6, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CAD to close at 1.2856. In economic news, Canadian building permits declined more-than-expected by 7.0% MoM in March, compared to market expectations for a fall … Continue reading →

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USD/CHF: Swiss Franc extends its losses in the Asian session

Posted on May 6, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 1.13% against the CHF and closed at 0.9681. In the Asian session, at GMT0300, the pair is trading at 0.9683, with the USD trading marginally higher from yesterday’s … Continue reading →

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USD/JPY: Japan’s service sector contracted in April

Posted on May 6, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.30% against the JPY and closed at 107.26. In the Asian session, at GMT0300, the pair is trading at 107.08, with the USD trading 0.17% lower from yesterday’s … Continue reading →

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GBP/USD: British service sector slumped in April

Posted on May 6, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.09% against the USD and closed at 1.4491, after UK’s Markit service PMI declined more-than-expected to a level of 52.3 in April, its lowest reading in more than … Continue reading →

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EUR/USD: Euro trading tad higher, ahead of Germany’s construction PMI data

Posted on May 6, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.75% against the USD and closed at 1.1404, after the ECB, in its economic bulletin, issued a gloomy inflation outlook and warned over downside risks to the Euro-zone … Continue reading →

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Trading Signals as per 05-May-2016

Posted on May 5, 2016 by GCI Financial

Pair Action Status Stop Loss Take Profit EUR/USD SELL Active 1.1492 1.1422 GBP/USD BUY Active 1.4358 1.4578 AUD/USD BUY Active 0.7448 0.7508 NZD/USD BUY Active 0.6847 0.6911 USD/CAD BUY Active 1.2758 1.2868 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 extends its gains in the morning session

Posted on May 5, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.26% against the USD for the 24-hour period ending 23:00GMT, closing at 44.32. However, the gains in oil prices were capped after the Energy Information Administration (EIA) disclosed that US crude oil inventories … Continue reading →

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

Posted on May 5, 2016 by GCI Financial

Silver Movement Silver prices declined 0.17% to USD 17.45 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 17.475, with the silver trading 0.17% higher … Continue reading →

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Gold: Yellow metal trading tad lower this morning

Posted on May 5, 2016 by GCI Financial

Gold Movement Gold prices traded lower by 0.31% against the USD in the 24-hour period ending 23:00GMT, at 1283.60 per ounce, amid a broad strength in the greenback. In the Asian session, at GMT0300, the pair is trading at 1283.50, … Continue reading →

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AUD/USD: Australia’s trade deficit narrowed in March

Posted on May 5, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.45% against the USD to close at 0.7465. LME Copper prices declined 1.37% or $68.0 /MT to $4892.0 /MT. Aluminium prices declined 1.10% or $18.0 /MT to $1611.0 … Continue reading →

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USD/CAD: Canada’s international merchandise trade deficit reached a record high in March

Posted on May 5, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.23% against the CAD to close at 1.2864. The Canadian dollar lost ground, after Canada’s international merchandise trade deficit widened more-than-expected to a record level of C$3.4 billion, … Continue reading →

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