Monthly Archives: August 2018

Crude Oil: Oil trading higher, ahead of EIA’s weekly crude oil stockpiles data

Posted on August 8, 2018 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.38% against the USD and closed at USD69.16 per barrel, after US re-imposed sanctions against Iran. The US Energy Information Administration lowered its 2019 forecast on the … Continue reading →

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Silver: White metal extends its gains in the morning session

Posted on August 8, 2018 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.42% against the USD and closed at USD15.39 per ounce. In the Asian session, at GMT0300, the pair is trading at 15.41, with silver trading 0.10% higher against the … Continue reading →

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Gold: Yellow metal trading on a stronger footing in the Asian session

Posted on August 8, 2018 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.17% against the USD and closed at USD1218.80 per ounce. In the Asian session, at GMT0300, the pair is trading at 1220.40, with gold trading 0.13% higher against the … Continue reading →

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AUD/USD: Does not see a strong case for a near-term policy change: RBA Governor, Philip Lowe

Posted on August 8, 2018 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.46% against the USD and closed at 0.7420. LME Copper prices rose 1.5% or $92.0/MT to $6132.0/MT. Aluminium prices rose 1.3% or $26.0/MT to $2026.5/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s Ivey purchasing managers index expanded at a slower pace in June

Posted on August 8, 2018 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.44% against the CAD and closed at 1.3060. Macroeconomic data showed that Canada’s seasonally adjusted Ivey PMI expanded at a slower pace to record a level of 61.8 … Continue reading →

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USD/CHF: Swiss Franc extends its gains in the Asian session

Posted on August 8, 2018 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CHF and closed at 0.9955. In the Asian session, at GMT0300, the pair is trading at 0.9950, with the USD trading 0.05% lower against the … Continue reading →

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USD/JPY: Japan posted a less-than-estimated trade surplus in June

Posted on August 8, 2018 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose slightly against the JPY and closed at 111.37. On the data front, Japan’s flash leading economic index dropped to a level of 105.2 in June, while market participants … Continue reading →

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GBP/USD: UK’s Halifax house prices advanced by the most since November 2017 in July

Posted on August 8, 2018 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined slightly against the USD and closed at 1.2943. Data revealed that UK’s Halifax house price index advanced 3.3% on a yearly basis in the three months ended May-July … Continue reading →

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EUR/USD: Germany’s trade surplus widened beyond market forecast in June

Posted on August 8, 2018 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.36% against the USD and closed at 1.1600. In the economic news, Germany’s seasonally adjusted trade surplus widened to €21.8 billion in June, more than market expectations for … Continue reading →

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Trading Signals as per 07-08-2018

Posted on August 7, 2018 by GCI Financial

Pair Action Status Stop Loss Take Profit USD/CHF SELL Active 0.9992 0.9932 GBP/USD BUY Active 1.2918 1.2988 USD/CAD SELL Active 1.3012 1.2962 AUD/USD SELL Active 0.7462 0.7412 GBP/CHF BUY Active 1.2863 1.2931 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 higher, ahead of API’s weekly crude oil inventories data

Posted on August 7, 2018 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.06% against the USD and closed at USD68.90 per barrel, amid reports of a fall in Saudi Arabia’s crude output and following renewed US sanctions against Iran. … Continue reading →

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