Monthly Archives: June 2016

GBP/USD: UK construction PMI surprisingly fell in May

Posted on June 3, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally fell against the USD and closed at 1.4411, after UK’s construction PMI unexpectedly declined to a level of 51.2 in May, as output growth fell to its weakest … Continue reading →

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EUR/USD: Euro trading a tad higher, ahead of Markit services PMI data across the Euro-zone

Posted on June 3, 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 1.1148, following the European Central Bank’s (ECB) cautious economic outlook. Yesterday, the ECB left the key interest rate unchanged at a … Continue reading →

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Trading Signals as per 2-June-2016

Posted on June 2, 2016 by GCI Financial

Pair Action Status Stop Loss Take Profit EUR/USD SELL Active 1.1242 1.1192 USD/JPY BUY Active 108.28 109.38 AUD/USD BUY Active 0.7208 0.7268 USD/CAD SELL Active 1.3112 1.3052 GBP/CHF BUY Active 1.4179 1.4301 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 higher, ahead of the EIA’s weekly crude oil inventory data

Posted on June 2, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices marginally declined against the USD for the 24-hour period ending 23:00GMT, closing at 48.90, after the American Petroleum Institute (API) reported that US oil inventories unexpectedly rose by 2.4 million barrels last week. In … Continue reading →

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

Posted on June 2, 2016 by GCI Financial

Silver Movement Silver prices declined 0.16% to USD 16.00 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 15.99, with the silver trading marginally lower … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on June 2, 2016 by GCI Financial

Gold Movement Gold prices traded lower by 0.23% against the USD in the 24-hour period ending 23:00GMT, at 1215.30 per ounce, after the US manufacturing activity index surprisingly advanced in May. In the Asian session, at GMT0300, the pair is … Continue reading →

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AUD/USD: Australia’s trade deficit surprisingly narrowed in April

Posted on June 2, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.23% against the USD to close at 0.7252. LME Copper prices declined 2.11% or $99.0 /MT to $4601.0 /MT. Aluminium prices declined 0.26% or $4.0 /MT to $1544.0 … Continue reading →

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USD/CAD: OECD cuts Canada’s growth forecast for 2016 and 2017

Posted on June 2, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD to close at 1.3074. In economic news, Canada’s RBC manufacturing PMI edged lower to a level of 52.1 in May, from a 16-month high … Continue reading →

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USD/CHF: Swiss Q1 GDP missed expectations

Posted on June 2, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.41% against the CHF and closed at 0.9889. In economic news, Switzerland’s seasonally adjusted GDP advanced less-than-anticipated by 0.1% QoQ in 1Q 2016, compared to a rise of … Continue reading →

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USD/JPY: Japanese Yen trading on a stronger footing in the Asian session

Posted on June 2, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 1.10% against the JPY and closed at 109.52. In the Asian session, at GMT0300, the pair is trading at 108.93, with the USD trading 0.54% lower from yesterday’s … Continue reading →

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GBP/USD: Pound trading a tad higher, ahead of the BoE Chief’s speech

Posted on June 2, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.52% against the USD and closed at 1.4416. In economic news, UK’s seasonally adjusted Markit manufacturing PMI advanced above expectations to a level of 50.1 in May, compared … Continue reading →

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