Monthly Archives: June 2016

USD/CAD: Canada’s Ivey PMI slipped into contraction territory in May

Posted on June 8, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.50% against the CAD to close at 1.2751. In economic news, Canada’s seasonally adjusted Ivey purchasing managers’ index (PMI) dropped to a level of 49.4 in May, its … Continue reading →

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USD/CHF: Swiss Franc trading a tad higher, ahead of Switzerland’s CPI data

Posted on June 8, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.54% against the CHF and closed at 0.9649. In economic news, Switzerland’s foreign currency reserves rose to a level of CHF602.1 billion in May, from a level of … Continue reading →

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USD/JPY: Japan first quarter GDP revised up

Posted on June 8, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.22% against the JPY and closed at 107.28. In economic news, Japan’s preliminary leading economic index in Japan rose less-than-expected to a level of 100.5 in April, from … Continue reading →

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GBP/USD: Pound trading a tad higher, ahead of UK’s NIESR GDP estimate data

Posted on June 8, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.59% against the USD and closed at 1.4537, after UK’s Halifax house price index advanced more-than-expected by 0.6% MoM in May, following a 0.8% decline in the previous … Continue reading →

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EUR/USD: Euro reverses its losses in the Asian session

Posted on June 8, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.1351. In economic news, the Euro-zone’s seasonally adjusted final gross domestic product (GDP) rose 0.6% QoQ in 1Q 2016, compared to … Continue reading →

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Trading Signals as per 07-June-2016

Posted on June 7, 2016 by GCI Financial

Pair Action Status Stop Loss Take Profit EUR/USD SELL Active 1.1412 1.1332 GBP/USD SELL Active 1.4662 1.4442 USD/JPY BUY Active 107.18 108.08 USD/CAD SELL Active 1.2862 1.2742 AUD/USD SELL Active 0.7482 0.7412 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 API’s weekly crude oil inventory data

Posted on June 7, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.10% against the USD for the 24-hour period ending 23:00GMT, closing at 49.60, reversing its previous session losses, amid supply outages in Nigeria. In the Asian session, at GMT0300, the pair is trading … Continue reading →

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Silver: White metal trading on a weaker footing in the morning session

Posted on June 7, 2016 by GCI Financial

Silver Movement Silver prices rose 0.34% to USD 16.47 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 16.43, with the silver trading 0.21% lower … Continue reading →

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Gold: Yellow metal reverses its gains in the Asian session

Posted on June 7, 2016 by GCI Financial

Gold Movement Gold prices traded 0.19% higher against the USD in the 24-hour period ending 23:00GMT, at $1247.60 per ounce, amid a broad weakness in the greenback and after the US Federal Reserve Chairwoman, Janet Yellen, gave few indications about … Continue reading →

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AUD/USD: RBA keeps official interest rate on hold at a record low level of 1.75%

Posted on June 7, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.60% against the USD to close at 0.7368. LME Copper prices rose 0.38% or $18.0/MT to $4706.0/MT. Aluminium prices rose 0.32% or $5.0/MT to $1548.0/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading lower, ahead of Canada’s Ivey purchasing managers’ index data

Posted on June 7, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.15% against the CAD to close at 1.2815. In the Asian session, at GMT0300, the pair is trading at 1.2829, with the USD trading 0.11% against the CAD … Continue reading →

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