Gold: Yellow metal trading higher this morning

Posted on January 7, 2016 by GCI Financial

Gold Movement Gold prices traded higher by 1.59% against the USD in the 24 hour period ending 23:00GMT, at 1094.10 per ounce, amid a broad slump in global equity markets, on the back of worries over the Chinese economy and … Continue reading →

Posted in Gold | Comments Off

AUD/USD: Australia records trade deficit for the 20th consecutive month in November

Posted on January 7, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 1.36% against the USD to close at 0.7067. Yesterday, the World Bank slashed growth forecast for the Chinese economy, by 0.3 points to 6.7% in 2016 and by … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie trading lower, ahead of Canada’s Ivey PMI data

Posted on January 7, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.73% against the CAD to close at 1.4078. In economic news, Canada’s international merchandise trade deficit narrowed to C$2.0 billion in November, from a revised trade deficit of … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc trading on a stronger footing in the morning session

Posted on January 7, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 1.0077. In the Asian session, at GMT0400, the pair is trading at 1.0036, with the USD trading 0.41% lower from yesterday’s … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: World Bank cuts Japan’s 2016 growth forecast to 1.3%

Posted on January 7, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.54% against the JPY and closed at 118.49. Yesterday, the World Bank cut Japan’s 2016 growth forecast by 0.4 points to 1.3%, citing weakness in domestic demand and … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: UK’s services PMI nudged lower in December

Posted on January 7, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.35% against the USD and closed at 1.4627, after the UK’s Markit services PMI expanded at a slower-than-anticipated pace and recorded a reading of 55.5 in December, compared … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro trading higher, ahead of Euro-zone’s unemployment rate data

Posted on January 7, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.21% against the USD and closed at 1.0776, after Germany’s final Markit services PMI exceeded expectations and reached a nearly one and a half year high level of … Continue reading →

Posted in EUR/USD | Comments Off

Trading Signals as per 06-January-2016

Posted on January 6, 2016 by GCI Financial

Pair Action Status Stop Loss Take Profit USD/CHF BUY Active 1.0038 1.0138 GBP/USD SELL Active 1.4682 1.4582 USD/JPY SELL Active 119.42 118.32 EUR/JPY BUY Active 126.48 128.08 NZD/USD SELL Active 0.6712 0.6612 Additional Forex Trading Signals: MetaTrader: Visit www.mql5.com/en/signals/mt4 to select from many … Continue reading →

Posted in Trading Signals | Leave a comment

Crude Oil: Oil trading lower, ahead of the EIA’s weekly crude oil inventory data

Posted on January 6, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.71% against the USD for the 24 hour period ending 23:00GMT, closing at 36.26, extending its previous session losses. Separately, the American Petroleum Institute (API) disclosed that US crude oil inventories fell by … Continue reading →

Posted in Crude Oil | Comments Off

Silver: White metal reverses its gains in the morning session

Posted on January 6, 2016 by GCI Financial

Silver Movement Silver prices rose 0.76% to USD 13.97 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 13.935, with the silver trading 0.25% lower … Continue reading →

Posted in Silver | Comments Off

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

Posted on January 6, 2016 by GCI Financial

Gold Movement Gold prices traded higher by 0.37% against the USD in the 24 hour period ending 23:00GMT, at 1077.00 per ounce, amid China-induced massive equity sell-off and the Middle East’s escalated geopolitical tensions. In the Asian session, at GMT0400, … Continue reading →

Posted in Gold | Comments Off