Monthly Archives: July 2016

GBP/USD: BoE loosens reins for additional lending by British banks

Posted on July 6, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 2.12% against the USD and closed at a new 31-year low of 1.2994, amid renewed Brexit worries and after the release of downbeat UK services data. Yesterday, UK’s … Continue reading →

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EUR/USD: Euro trading lower, ahead of the ECB Chief’s speech

Posted on July 6, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.77% against the USD and closed at 1.1059. In economic news, the Euro zone’s retail sales rose in line with investor expectations by 0.4% MoM in May, recording … Continue reading →

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Trading Signals as per 05-July-2016

Posted on July 5, 2016 by GCI Financial

Pair Action Status Stop Loss Take Profit USD/CHF SELL Active 0.9762 0.9692 GBP/USD SELL Active 1.3212 1.3082 USD/CAD SELL Active 1.2952 1.2872 AUD/USD BUY Active 0.7428 0.7508 GBP/CHF SELL Active 1.2834 1.2678 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 July 5, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.63% against the USD for the 24-hour period ending 23:00GMT, closing at 48.66, reversing its previous session gains. Separately, Saudi Arabia’s Energy Minister, Khaled Al-Faleh, indicated that the global oil market is heading … Continue reading →

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Silver: White metal extends its losses in the morning session

Posted on July 5, 2016 by GCI Financial

Silver Movement Silver prices declined 0.92% to USD 20.52 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 19.96, with the silver trading 2.71% lower … Continue reading →

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

Posted on July 5, 2016 by GCI Financial

Gold Movement Gold prices traded 0.21% lower against the USD in the 24-hour period ending 23:00GMT, at USD1351.40 per ounce, after three consecutive sessions of gains. In the Asian session, at GMT0300, the pair is trading at 1346.00, with the … Continue reading →

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AUD/USD: RBA holds interest rate steady at 1.75%

Posted on July 5, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.47% against the USD to close at 0.7531. LME Copper prices rose 2.85% or $136.5/MT to $4920.0/MT. Aluminium prices rose 0.49% or $8.0/MT to $1653.0/MT. In the Asian … Continue reading →

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USD/CAD: BoC survey shows subdued business sentiment in Canada

Posted on July 5, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.31% against the CAD to close at 1.2852. In economic news, Canada’s RBC manufacturing PMI fell to a level of 51.8 in June and notched its weakest figure … Continue reading →

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USD/CHF: Swiss Franc trading on a weaker footing in the Asian session

Posted on July 5, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.30% against the CHF and closed at 0.9707. In economic news, Switzerland’s total sight deposits advanced to a level of CHF507.5 billion for the week ended 01 July, … Continue reading →

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USD/JPY: Japan’s service sector fell back into contraction in June

Posted on July 5, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.07% against the JPY and closed at 102.54. In the Asian session, at GMT0300, the pair is trading at 102.11, with the USD trading 0.42% lower against the … Continue reading →

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GBP/USD: Pound trading lower, ahead of the BoE’s financial stability report

Posted on July 5, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally fell against the USD and closed at 1.3275. In economic news, UK’s construction PMI fell more-than-expected and ventured into contractionary territory by registering a reading of 46.0 in … Continue reading →

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