Gold: Yellow metal trading higher in the Asian session

Posted on October 13, 2014 by GCI Financial

Gold Movement On Friday, Gold prices traded lower by 0.11% against the USD in the period ending 21:00GMT, at 1223.50 per ounce, amid a broad strength in the greenback. Meanwhile, holdings in SPDR Gold Trust declined 2.64 tonnes to 759.44 … Continue reading →

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AUD/USD: Aussie reverses its losses in the Asian session

Posted on October 13, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.89% against the USD to close at 0.8684. LME Copper prices declined 1.03% or $70.0/MT to $6697.0/MT. Aluminium prices declined 1.69% or $32.5/MT to $1891.5/MT. In the Asian session, at GMT0300, the pair … Continue reading →

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USD/CAD: Canada’s unemployment rate fell to a 6-year low

Posted on October 13, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.23% against the CAD to close at 1.1212. In economic news, Canada’s unemployment rate unexpectedly dropped to 6.8% in September, registering its lowest level in nearly six years, compared to a level of … Continue reading →

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USD/CHF: Swiss Franc trading on a stronger footing this morning

Posted on October 13, 2014 by GCI Financial

USDCHF Movement On Friday, the USD rose 0.41% against the CHF and closed at 0.9585. In the Asian session, at GMT0300, the pair is trading at 0.9524, with the USD trading 0.64% lower from Friday’s close. The pair is expected … Continue reading →

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USD/JPY: Weaker Japanese Yen is beneficial for the economy, BoJ’s Kuroda

Posted on October 13, 2014 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.18% against the JPY and closed at 107.72. On the macro front, the consumer confidence index in Japan surprisingly eased to a level of 39.9 in September, lower than market expectations of a … Continue reading →

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GBP/USD: Pound trading higher in the Asian session

Posted on October 13, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP marginally declined 0.37% against the USD and closed at 1.6059, after Britain’s construction output unexpectedly declined 0.3% on an annual basis in August, less than market expectations for a rise of 2.9% and compared to … Continue reading →

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EUR/USD: Euro trading on a stronger footing this morning

Posted on October 13, 2014 by GCI Financial

EURUSD Movement On Friday, EUR declined 0.56% against the USD and closed at 1.2613, extending its previous session losses. On the macro front, manufacturing production in France unexpectedly registered a drop of 0.2% on a monthly basis in August, compared … Continue reading →

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Trading Signals as per 10-October-2014

Posted on October 10, 2014 by GCI Financial

  Pair Action Status Stop Loss Take Profit EUR/USD BUY Active 1.2628 1.2738 USD/JPY SELL Active 108.32 107.52 USD/CAD SELL Active 1.1242 1.1162 EUR/JPY SELL Active 137.52 136.52 NZD/USD BUY Active 0.7798 0.7898 Additional Forex Trading Signals: MetaTrader:  Visit www.mql5.com/en/signals/mt4 to select … Continue reading →

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GBP/USD: The BoE left interest rates unchanged again at 0.5%

Posted on October 10, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.27% against the USD and closed at 1.6118, after the UK Chancellor, George Osborne expressed concerns that faltering Euro-zone economy was weighing badly on the British economy. Yesterday, … Continue reading →

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Crude Oil: Oil trading below its MA’s

Posted on October 10, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 3.79% against the USD for the 24 hour period ending 23:00GMT, closing at 84.49.Oil prices slumped below $90 per barrel, its lowest level in 27 months, amid a stronger US Dollar, global glut … Continue reading →

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Silver: White metal extends its losses this morning

Posted on October 10, 2014 by GCI Financial

Silver Movement Silver prices traded tad lower against the USD 17.36 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, the pair is trading at 17.275, with the silver trading 0.46% lower from yesterday’s close. … Continue reading →

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