Crude Oil: US crude supplies advanced to the highest level in 83 years last week, indicated EIA

Crude Oil Movement Crude Oil prices declined 0.35% against the USD for the 24 hour period ending 23:00GMT, closing at 101.58, after the Energy Information Administration (EIA) reported that US crude inventories rose by 3.5 million barrels to 397.6 million … Continue reading

Posted in Crude Oil | Comments Off

Silver: Silver trading higher in the Asian session

Silver Movement Silver prices rose marginally to USD 19.45 per ounce during the 24 hours ending 23:00GMT, amid strong preference for safe-haven assets. In the Asian session, at GMT0300, Silver is trading at 19.48, 0.15% higher from yesterday’s close. Silver … Continue reading

Posted in Silver | Comments Off

Gold: Yellow metal trading higher amid strong demand for safe-haven assets

Gold Movement Gold prices traded lower by 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1284.09 per ounce. However, earlier during the day, gold prices rose as ongoing tensions in Ukraine refused to subside and soft … Continue reading

Posted in Gold | Comments Off

AUD/USD: Aussie trading higher this morning, following yesterday’s fall

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.86% against the USD to close at 0.9289, following Australian consumer inflation data. LME Copper prices rose 0.2% or $16.5/MT to $6645.0/MT. Aluminium prices declined 0.6% or $11.5/MT to … Continue reading

Posted in AUD/USD | Comments Off

USD/CAD: Loonie trading flat amid lack of economic releases in the Canadian economy

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.1032. On the economic front, retail sales in Canada rose 0.5% (MoM) for the second consecutive month in February to C$41.03 … Continue reading

Posted in USD/CAD | Comments Off

USD/CHF: Franc extends its gains ahead of the Swiss trade balance data

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CHF and closed at 0.8834. In the Asian session, at GMT0300, the pair is trading at 0.8828, with the USD trading 0.07% lower from yesterday’s … Continue reading

Posted in USD/CHF | Comments Off

USD/JPY: Yen trading tad higher with focus of Japan’s consumer inflation data

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.13% against the JPY and closed at 102.50. The Japanese Yen rose against the US Dollar as lacklustre economic releases from US and China, coupled with escalating tensions … Continue reading

Posted in USD/JPY | Comments Off

GBP/USD: BoE minutes highlights growing dissent among policymakers over slackness in the UK economy

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.23% against the USD and closed at 1.6783, after the minutes from the Bank of England’s April 9 policy meeting highlighted policymaker’s dissent over the amount of slack in … Continue reading

Posted in GBP/USD | Comments Off

EUR/USD: Euro trading higher ahead of the ECB President, Mario Draghi’s speech

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.07% against the USD and closed at 1.3817, after Markit Economics reported that the Euro-zone’s composite PMI surprisingly advanced to a reading of 54.0 in April, the highest level … Continue reading

Posted in EUR/USD | Comments Off

EUR/USD: ECB still has several instruments to loosen monetary policy, hints ECB’s Coeure

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.11% against the USD and closed at 1.3807, benefited from a report that showed consumer confidence in the Euro-zone economy improved more-than-expected by 0.6 points (MoM) to -8.7 … Continue reading

Posted in EUR/USD | Comments Off

Crude Oil: Crude trading below its MA’s

Crude Oil Movement Crude Oil prices declined 2.23% against the USD for the 24 hour period ending 23:00GMT, closing at 101.94, amid speculation that a US government report to be released later today might show that crude stockpiles in the … Continue reading

Posted in Crude Oil | Comments Off