Monthly Archives: October 2016

GBP/USD: UK’s services PMI dropped in September

Posted on October 6, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.16% against the USD and closed at 1.2750. Macroeconomic data indicated that, UK’s Markit services PMI fell less-than-anticipated to a level of 52.6 in September, compared to market … Continue reading →

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EUR/USD: German service sector expanded at slowest pace in more than three years in September

Posted on October 6, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined marginally against the USD and closed at 1.1201, after the Euro-zone’s final Markit services PMI eased to a level of 52.2 in September, compared to a level of … Continue reading →

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Trading Signals as per 5-October2016

Posted on October 5, 2016 by GCI Financial

Pair Action Status Stop Loss Take Profit GBP/USD SELL Active 1.2782 1.2692 USD/JPY BUY Active 102.68 103.38 AUD/USD BUY Active 0.7558 0.7638 GBP/CHF BUY Active 1.2357 1.2494 EUR/USD SELL Active 1.1282 1.1192 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 October 5, 2016 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.84% against the USD and closed at USD49.17, after the American Petroleum Institute (API) reported that US crude oil inventories unexpectedly fell by 7.6 million barrels to … Continue reading →

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Silver: White metal trading on a stronger footing this morning

Posted on October 5, 2016 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 5.98% against the USD and closed at USD17.77, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 17.98, with the silver trading … Continue reading →

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Gold: Yellow metal reverses its losses in the morning session

Posted on October 5, 2016 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 3.39% against the USD and closed at USD1270.10 per ounce, declining for a sixth straight day, amid a broad strength in the greenback. In the Asian session, at GMT0300, … Continue reading →

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AUD/USD: Australia’s retail sales hit 7-month high level in August

Posted on October 5, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.94% against the USD and closed at 0.7614. LME Copper prices declined 0.34% or $16.5/MT to $4777.5/MT. Aluminium prices rose 1.24% or $20.5/MT to $1670.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading higher in the Asian session

Posted on October 5, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.53% against the CAD and closed at 1.3184. Yesterday, the IMF lowered Canada’s growth forecast for this year and next to 1.2% and 1.9% respectively, from 1.4% and … Continue reading →

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

Posted on October 5, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.62% against the CHF and closed at 0.9791. In the Asian session, at GMT0300, the pair is trading at 0.9779, with the USD trading 0.12% lower against the … Continue reading →

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USD/JPY: IMF boosts Japanese growth forecast

Posted on October 5, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 1.15% against the JPY and closed at 102.83. Yesterday, the IMF revised its outlook for Japan’s economy for 2016 and 2017, pointing to huge government stimulus spending, but … Continue reading →

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GBP/USD: UK’s construction PMI unexpectedly expanded in September

Posted on October 5, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.91% against the USD and closed at 1.2730. On the data front, UK’s construction PMI unexpectedly climbed to a level of 52.3 in September, expanding for the first … Continue reading →

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