Monthly Archives: July 2016

USD/CAD: Loonie reverses its losses, ahead of Canada’s unemployment rate data

Posted on July 8, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.39% against the CAD and closed at 1.3006. On the data front, Canada’s seasonally adjusted Ivey purchasing managers’ index rose more-than-expected to a level of 51.7 in June, … Continue reading →

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USD/CHF: Switzerland’s CPI rose in line with expectations in June

Posted on July 8, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.43% against the CHF and closed at 0.9791. Macroeconomic data indicated that, Switzerland’s consumer price index (CPI) advanced 0.1% MoM in June, at par with market expectations. The … Continue reading →

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USD/JPY: Japan’s current account surplus shrank in May

Posted on July 8, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.45% against the JPY and closed at 100.67. In economic news, Japan’s flash leading economic index remained steady at a level of 100.0 in May. Meanwhile, the nation’s … Continue reading →

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GBP/USD: Pound trading higher, ahead of UK’s total trade balance data

Posted on July 8, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.09% against the USD and closed at 1.2883, In economic news, UK’s leading think tanker, NIESR estimated that UK’s gross domestic product rose by 0.6% in the April-June … Continue reading →

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EUR/USD: Brexit impact could be ‘significant’ for the Euro-zone: ECB minutes

Posted on July 8, 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 1.1057, after the European Central Bank’s (ECB) June meeting minutes revealed that policymakers were concerned about the Brexit vote. According to … Continue reading →

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Trading Signals as per 07-July-2016

Posted on July 7, 2016 by GCI Financial

Pair Action Status Stop Loss Take Profit USD/CHF BUY Active 0.9728 0.9798 GBP/USD BUY Active 1.2828 1.3028 USD/JPY SELL Active 101.62 100.42 USD/CAD BUY Active 1.2858 1.2968 AUD/USD BUY Active 0.7468 0.7558 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 July 7, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 2.33% against the USD for the 24-hour period ending 23:00GMT, closing at 47.84, after two consecutive days of decline, amid a sharp drop in US crude stockpiles. Yesterday, the American Petroleum Institute (API) … Continue reading →

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Silver: White metal extends its gains in the morning session

Posted on July 7, 2016 by GCI Financial

Silver Movement Silver prices rose 0.75% to USD 20.23 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 20.24, with the silver trading 0.07% higher … Continue reading →

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Gold: Yellow metal trading on a stronger footing in the Asian session

Posted on July 7, 2016 by GCI Financial

Gold Movement Gold prices traded 0.20% higher against the USD in the 24-hour period ending 23:00GMT, at USD1364.90 per ounce, after minutes from the US Federal Reserve’s June board meeting showed that the central bank would refrain from raising interest … Continue reading →

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AUD/USD: Australia’s construction sector rebounded in June

Posted on July 7, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.89% against the USD and closed at 0.7511. LME Copper prices declined 2.78% or $134.5/MT to $4706.0/MT. Aluminium prices declined 0.03% or $0.5/MT to $1623.5/MT. In the Asian … Continue reading →

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

Posted on July 7, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.32% against the CAD and closed at 1.2956. In economic news, Canada’s international merchandise trade deficit narrowed slightly to a level of C$3.28 billion in May, compared to … Continue reading →

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