Crude Oil: Oil trading between its MA’s

Posted on January 8, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices declined 2.49% against the USD for the 24 hour period ending 23:00GMT, closing at 33.31, falling to near 12-year lows, as a sharp slide in Chinese equity markets raised concerns about the economic outlook … Continue reading →

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Silver: White metal trading lower this morning

Posted on January 8, 2016 by GCI Financial

Silver Movement Silver prices rose 2.07% to USD 14.31 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 14.215, with the silver trading 0.63% lower … Continue reading →

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Gold: Yellow metal reverses its gains in the Asian session

Posted on January 8, 2016 by GCI Financial

Gold Movement Gold prices traded higher by 1.33% against the USD in the 24 hour period ending 23:00GMT, at 1108.60 per ounce, continuing its upward rally, as investors looked for solace in the safe-haven asset amid worries over China’s economic … Continue reading →

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AUD/USD: Aussie trading on a stronger footing in the Asian session

Posted on January 8, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.72% against the USD to close at 0.7016. LME Copper prices declined 1.87% or $86.0/MT to $4514.0/MT. Aluminium prices declined 0.14% or $2.0/MT to $1455.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading higher, ahead of Canada’s December unemployment rate data

Posted on January 8, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.30% against the CAD to close at 1.4120. The CAD lost ground, after Canada’s seasonally adjusted Ivey purchasing managers index contracted for the first time in nine months … Continue reading →

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USD/CHF: Swiss Franc trading on a weaker footing, ahead of Switzerland’s consumer price inflation data

Posted on January 8, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 1.32% against the CHF and closed at 0.9944. In economic news, Switzerland’s foreign currency reserves dropped to CHF559.7 billion in December, compared to a revised reading of CHF562.6 … Continue reading →

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USD/JPY: Japan’s preliminary leading and coincident indices dropped in November

Posted on January 8, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.77% against the JPY and closed at 117.58. In the Asian session, at GMT0400, the pair is trading at 118.23, with the USD trading 0.55% higher from yesterday’s … Continue reading →

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GBP/USD: Pound trading higher, ahead of Britain’s total trade balance data

Posted on January 8, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell marginally against the USD and closed at 1.4625. In economic news, UK’s Halifax house price index rebounded above expectations by 1.7% MoM in December, after registering a fall … Continue reading →

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EUR/USD: Euro trading lower, ahead of economic releases from Germany

Posted on January 8, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 1.37% against the USD and closed at 1.0923, on the back of mixed economic data across the Euro-zone. In economic news, Germany’s seasonally adjusted factory orders rose more … Continue reading →

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Crude Oil: Oil extends its losses in the morning session

Posted on January 7, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices declined 5.79% against the USD for the 24 hour period ending 23:00GMT, closing at 34.16, as weakening Chinese economy dampened the demand outlook of the commodity from the world’s second biggest economy.. Oil prices … Continue reading →

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Silver: White metal trading on a stronger footing in the Asian session

Posted on January 7, 2016 by GCI Financial

Silver Movement Silver prices rose 0.32% to USD 14.02 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 14.08, with the silver trading 0.46% higher … Continue reading →

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