Monthly Archives: May 2018

Crude Oil: Oil trading on a weaker footing, ahead of API’s weekly crude oil inventories data

Posted on May 30, 2018 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.18% against the USD and closed at USD66.86 per barrel, on reports that OPEC and Russia are considering increasing crude production by 1.0 million barrels per day. … Continue reading →

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Silver: White metal trading lower in the Asian session

Posted on May 30, 2018 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.42% against the USD and closed at USD16.42 per ounce. In the Asian session, at GMT0300, the pair is trading at 16.39, with silver trading 0.18% lower against the … Continue reading →

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Gold: Yellow metal reverses its gains in the morning session

Posted on May 30, 2018 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.16% against the USD and closed at USD1304.50 per ounce, as a broad weakness in global equities increased demand for the precious yellow metal as an alternative investment. In … Continue reading →

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AUD/USD: Australia’s building approvals plunged in April

Posted on May 30, 2018 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.58% against the USD and closed at 0.7502. LME Copper prices declined 0.65% or $44.5/MT to $6841.5/MT. Aluminium prices declined 0.96% or $44.5/MT to $2260.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading on a weaker footing, ahead of BoC’s interest rate decision

Posted on May 30, 2018 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CAD and closed at 1.3020. In the Asian session, at GMT0300, the pair is trading at 1.3028, with the USD trading 0.06% higher against the … Continue reading →

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USD/CHF: Swiss trade surplus widened beyond expectations in April

Posted on May 30, 2018 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.24% against the CHF and closed at 0.9910. On the data front, Switzerland’s trade surplus widened more-than-expected to CHF2.3 billion in April, after registering a revised surplus of … Continue reading →

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USD/JPY: Japan’s retail trade sharply rebounded in April, whereas large retailers’ sales surprisingly dipped in the same month

Posted on May 30, 2018 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.78% against the JPY and closed at 108.58. The Japanese Yen gained ground against the USD, as political turmoil in Italy boosted demand for the safe haven currency. … Continue reading →

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GBP/USD: Pound trading lower in the Asian session

Posted on May 30, 2018 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.39% against the USD and closed at 1.3258. In the Asian session, at GMT0300, the pair is trading at 1.3247, with the GBP trading 0.08% lower against the … Continue reading →

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EUR/USD: Euro trading on a weaker footing, ahead of key economic releases across the Euro-zone

Posted on May 30, 2018 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.75% against the USD and closed at 1.1541, as deepening political instability in Italy continued to dent investor sentiment. In economic news, French consumer confidence index surprisingly remained … Continue reading →

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Trading Signals as per 29-May-2018

Posted on May 29, 2018 by GCI Financial

Pair Action Status Stop Loss Take Profit USD/CHF BUY Active 0.9898 0.9958 USD/CAD SELL Active 1.3002 1.2962 AUD/USD BUY Active 0.7508 0.7558 NZD/USD BUY Active 0.6904 0.6954 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 on a weaker footing this morning

Posted on May 29, 2018 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.32% against the USD and closed at USD66.98 per barrel. However, gains in crude prices were limited, as investors were grappled with concerns that major oil producers … Continue reading →

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