Monthly Archives: August 2016

Crude Oil: Oil trading on a stronger footing, ahead of the EIA’s weekly crude oil inventory data

Posted on August 10, 2016 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.42% against the USD and closed at 42.68, after the American Petroleum Institute (API) disclosed that US crude stockpiles surprisingly rose by 2.1 million barrels to 520.8 … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on August 10, 2016 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.89% against the USD and closed at 19.94, extending its previous session gains. In the Asian session, at GMT0300, the pair is trading at 20.065, with the silver trading … Continue reading →

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Gold: Yellow metal extends its gains in the Asian session

Posted on August 10, 2016 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.36% against the USD and closed at USD1346.2 per ounce, amid a broad weakness in the greenback. In the Asian session, at GMT0300, the pair is trading at 1354.5, … Continue reading →

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AUD/USD: Monetary policy alone cannot revive the nation’s economic growth: RBA Governor

Posted on August 10, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.18% against the USD and closed at 0.7666. LME Copper prices declined 0.35% or $17.0/MT to $4779.0/MT. Aluminium prices declined 1.16% or $19.0/MT to $1626.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie extends its gains in the Asian session

Posted on August 10, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.36% against the CAD and closed at 1.3114. In economic news, Canada’s housing starts dropped to a level of 198.4K in July, indicating a slowdown in nation’s housing … Continue reading →

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USD/CHF: Swiss Franc trading higher in the Asian session

Posted on August 10, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CHF and closed at 0.9811. Macroeconomic data indicated that, the seasonally adjusted unemployment rate in Switzerland remained steady at a level of 3.3% in July, … Continue reading →

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USD/JPY: Japanese Yen trading on a stronger footing this morning

Posted on August 10, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.52% against the JPY and closed at 101.90. On the data front, Japan’s preliminary machine tool orders dropped by 19.6% on an annual basis in July, following a … Continue reading →

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Trading Signals as per 9-August-2016

Posted on August 9, 2016 by GCI Financial

Pair Action Status Stop Loss Take Profit EUR/USD BUY Active 1.1058 1.1108 GBP/USD BUY Active 1.2928 1.3028 USD/CAD BUY Active 1.3128 1.3198 GBP/CHF SELL Active 1.2857 1.2742 NZD/USD BUY Active 0.7099 0.7153 Additional Forex Trading Signals: MetaTrader: Visit www.mql5.com/en/signals/mt4 to select from many … Continue reading →

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EUR/USD: Euro trading flat in the Asian session

Posted on August 9, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.09% against the USD and closed at 1.1080. In economic news, data indicated that Eurozone’s Sentix investor confidence index rose to a level of 4.2 in August, highlighting … Continue reading →

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Crude Oil: Oil reverses its gains, ahead of the API’s weekly crude oil inventory data

Posted on August 9, 2016 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.27% against the USD and closed at 42.86, amid renewed speculation that Organization of the Petroleum Exporting Countries (OPEC) would try to curb output. In the Asian … Continue reading →

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Silver: White metal trading on a weaker footing this morning

Posted on August 9, 2016 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.1% against the USD and closed at 19.77. In the Asian session, at GMT0300, the pair is trading at 19.74, with the silver trading 0.13% lower from yesterday’s close. … Continue reading →

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