Monthly Archives: August 2016

USD/JPY: BoJ’s June meeting minutes show the board’s dissent over stimulus

Posted on August 3, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 1.33% against the JPY and closed at 101.03. The minutes from the Bank of Japan’s (BoJ) latest monetary policy meeting showed that most policymakers voiced concerns about the … Continue reading →

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GBP/USD: UK construction shrinks at fastest pace in seven years after Brexit vote

Posted on August 3, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.18% against the USD and closed at 1.3340. Macroeconomic data indicated that the U.K.’s construction PMI dropped at the steepest pace in seven years to a level of … Continue reading →

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

Posted on August 3, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.46% against the USD and closed at 1.1218. In economic news, Eurozone’s producer price index (PPI) rose at fastest pace in almost four years by 0.7% MoM in … Continue reading →

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Trading Signals as per 02-August-2016

Posted on August 2, 2016 by GCI Financial

Pair Action Status Stop Loss Take Profit EUR/USD BUY Active 1.1168 1.1218 GBP/USD SELL Active 1.3282 1.3142 USD/CAD SELL Active 1.3162 1.3092 EUR/JPY BUY Active 113.08 114.38 NZD/USD SELL Active 0.7259 0.7193 Additional Forex Trading Signals: MetaTrader: Visit www.mql5.com/en/signals/mt4 to select from many … Continue reading →

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EUR/USD: Eurozone’s manufacturing growth slowed in July, post Brexit vote

Posted on August 2, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined marginally against the USD and closed at 1.1167, after data indicated that activity in the manufacturing sector expanded at a moderate pace across the Euro-zone. Data revealed that, … Continue reading →

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Crude Oil: Oil trading higher, ahead of API’s weekly crude oil inventory data

Posted on August 2, 2016 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.97% against the USD and closed at 40.15, as ongoing fears about a global supply glut continued to weigh on investor sentiment. In the Asian session, at … Continue reading →

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Silver: White metal reverses its gains in the Asian session

Posted on August 2, 2016 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.56% against the USD and closed at 20.5, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 20.45, with the silver trading … Continue reading →

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Gold: Yellow metal trading on a weaker footing this morning

Posted on August 2, 2016 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.2% against the USD and closed at 1360.6, amid weakness in the greenback. In the Asian session, at GMT0300, the pair is trading at 1355.2, with the gold trading … Continue reading →

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AUD/USD: RBA cuts benchmark interest rates to an all-time low of 1.5% in August

Posted on August 2, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.95% against the USD and closed at 0.7524. LME Copper prices rose 1.1% or $54.0/MT to $4907.0/MT. Aluminium prices rose 1.83% or $29.5/MT to $1645.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie extends its losses, ahead of Canada’s RBC manufacturing PMI data

Posted on August 2, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.57% against the CAD and closed at 1.3123. In the Asian session, at GMT0300, the pair is trading at 1.3128, with the USD trading marginally higher against the … Continue reading →

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

Posted on August 2, 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 0.9678. In the Asian session, at GMT0300, the pair is trading at 0.9673, with the USD trading marginally lower against the … Continue reading →

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