Monthly Archives: August 2016

Crude Oil: Oil trading lower, ahead of the Baker Hughes weekly rig count data

Posted on August 26, 2016 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.07% against the USD and closed at USD 47.34 per barrel, as the US-Iran military tensions in the Gulf helped shore up oil prices. In the Asian … Continue reading →

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Silver: White metal trading on a stronger footing this morning

Posted on August 26, 2016 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.13% against the USD and closed at 18.64, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 18.72, with the silver trading … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on August 26, 2016 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.29% against the USD and closed at USD1325.20 per ounce, pressured by upbeat US economic data that increased prospects for a Federal Reserve (Fed) rate hike next month. In … Continue reading →

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AUD/USD: Aussie trading on a stronger footing this morning

Posted on August 26, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.12% against the USD and closed at 0.7621. LME Copper prices declined 0.41% or $19.0/MT to $4639.5/MT. Aluminium prices declined 1.96% or $32.5/MT to $1624.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading a tad higher in the Asian session

Posted on August 26, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.07% against the CAD and closed at 1.2916. In the Asian session, at GMT0300, the pair is trading at 1.2909, with the USD trading slightly lower against the … Continue reading →

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USD/CHF: Swiss Franc reverses its losses in the Asian session

Posted on August 26, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9673. On the data front, Switzerland’s industrial production dropped by 1.2% YoY in 2Q 2016, following a revised advance of 1.2% … Continue reading →

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USD/JPY: Japan’s annual inflation fell for the fifth straight month in July

Posted on August 26, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the JPY and closed at 100.54. In the Asian session, at GMT0300, the pair is trading at 100.46, with the USD trading 0.08% lower against the … Continue reading →

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GBP/USD: Pound trading higher, ahead of UK’s Q2 GDP data

Posted on August 26, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.3188. In economic news, UK’s CBI quarterly distributive trades survey index advanced to a six-month high level of 9.0 in August, … Continue reading →

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EUR/USD: German business sentiment deteriorated to its lowest level in six months in August

Posted on August 26, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.2% against the USD and closed at 1.1283. Macroeconomic data released in Germany indicated that, the Ifo business climate index unexpectedly fell to a six-month low level of … Continue reading →

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Trading Signals as per 25-August-2016

Posted on August 25, 2016 by GCI Financial

Pair Action Status Stop Loss Take Profit  EUR/USD B Active 1.1248 1.1298 EUR/JPY B  Active  112.68 113.38 GBP/CHF  B  Active  1.2689 1.2819  GBP/USD S  Active 1.3282 1.3182 Additional Forex Trading Signals: MetaTrader: Visit www.mql5.com/en/signals/mt4 to select from many third-party trading signals that connect … Continue reading →

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Crude Oil: Oil trading lower in the Asian session

Posted on August 25, 2016 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.56% against the USD and closed at USD46.84 per barrel, after the Energy Information Administration (EIA) revealed that the US crude oil inventories unexpectedly rose by 2.50 … Continue reading →

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