Monthly Archives: November 2016

Crude Oil: Oil reverses its gains in the morning session

Posted on November 29, 2016 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.82% against the USD and closed at USD46.92 per barrel, after oscillating between gains and losses, as investors grappled with shaky prospect of major oil producers being … Continue reading →

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Silver: White metal trading lower in the Asian session

Posted on November 29, 2016 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.71% against the USD and closed at USD16.74. In the Asian session, at GMT0400, the pair is trading at 16.65, with the silver trading 0.51% lower from yesterday’s close. … Continue reading →

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Gold: Yellow metal trading on a weaker footing this morning

Posted on November 29, 2016 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined marginally against the USD and closed at USD1196.40 per ounce. In the Asian session, at GMT0400, the pair is trading at 1192.40, with the gold trading 0.33% lower from … Continue reading →

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AUD/USD: Australian economic growth could slip below 3.0% until 2018: OECD

Posted on November 29, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.27% against the USD and closed at 0.7487. Yesterday, the OECD predicted Australian economic growth to slip below 3.0% by the end of 2016 and remain below it … Continue reading →

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USD/CAD: Service sector key for Canadian economy: BoC Govenor

Posted on November 29, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CAD and closed at 1.3406. Meanwhile, the Organization for Economic Co-operation and Development (OECD) is sticking by its prediction that Canada’s economy growth will expand … Continue reading →

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USD/CHF: Risks from negative rates are rising in Switzerland, says OECD

Posted on November 29, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.54% against the CHF and closed at 1.0135. Yesterday, the OECD warned that risks posed by negative interest rates have not materialized so far in Switzerland, although they … Continue reading →

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USD/JPY: BOJ needs to maintain monetary easing but should monitor risks: OECD

Posted on November 29, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the JPY and closed at 111.81. Yesterday, the OECD, in its economic outlook report, forecasted that Japanese economy will grow 1.0% next year before slowing to … Continue reading →

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GBP/USD: UK’s economic growth to slowdown sharply in 2017, on Brexit uncertainties

Posted on November 29, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.87% against the USD and closed at 1.2416, after OECD predicted steep fall in UK’s economic growth in 2017, following Brexit uncertainties. Yesterday, the OECD upgraded its growth … Continue reading →

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EUR/USD: Stimulus is a key ingredient of ongoing Euro-zone recovery: ECB’s Draghi

Posted on November 29, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.37% against the USD and closed at 1.0619. Yesterday, the European Central Bank (ECB) President, Mario Draghi, at a hearing of the Committee on Economic and Monetary Affairs … Continue reading →

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Trading Signals as per 28-November-2016

Posted on November 28, 2016 by GCI Financial

Pair Action Status Stop Loss Take Profit USD/CAD SELL Active 1.3522 1.3442 AUD/USD SELL Active 0.7512 0.7452 EUR/JPY SELL Active 120.12 119.02 NZD/USD BUY Active 0.7042 0.7097 GBP/CHF SELL Active 1.2639 1.2513 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 on a stronger footing this morning

Posted on November 28, 2016 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 4.27% against the USD and closed at USD45.96 per barrel on Friday, amid growing uncertainty about the Organization of the Petroleum Exporting Countries (OPEC) ability to reach … Continue reading →

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