Daily Archives: April 9, 2014

Crude Oil: EIA upgraded its average price projection for crude and slashed its estimates on US crude production

Posted on April 9, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.53% against the USD for the 24 hour period ending 23:00GMT, closing at 102.33, as a weaker US Dollar bolstered the demand-outlook while tensions in Ukraine weighed on the supply prospect of the … Continue reading →

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Silver: White metal extends its gains in the morning session

Posted on April 9, 2014 by GCI Financial

Silver Movement Silver prices rose 0.50% to USD 20.04 per ounce during the 24 hours ending 23:00GMT, tracking gains in prices of gold. In the Asian session, at GMT0300, Silver is trading at 20.05, slightly higher from yesterday’s close. Silver … Continue reading →

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Gold: Yellow metal continues to shine in the Asian session

Posted on April 9, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.87% against the USD in the 24 hour period ending 23:00GMT, at 1309.92 per ounce, as a weakness in the US Dollar and re-opening of Chinese markets, following a public holiday, bolstered the … Continue reading →

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AUD/USD: Aussie trading higher in the Asian session

Posted on April 9, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.88% against the USD to close at 0.9348. Yesterday, the IMF opined that due to subdued investment in Australia’s mining sector, economic growth in the nation is expected to … Continue reading →

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USD/CAD: BoC should hold interest rate low until the economy witnesses strong recovery signs, suggests IMF

Posted on April 9, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CAD to close at 1.0930. The Canadian Dollar gained ground, despite official reports revealing that the housing starts in Canada slipped to a seasonally adjusted … Continue reading →

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USD/CHF: Swiss unemployment rate dropped to a non-seasonally adjusted 3.3% in March

Posted on April 9, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CHF and closed at 0.8839. The Swiss Franc advanced after data showed that, on a non-seasonally adjusted monthly basis, unemployment rate in Switzerland fell to … Continue reading →

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USD/JPY: Japan economy can currently withstand a sales tax hike, opines BoJ Governor, Kuroda

Posted on April 9, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 1.08% against the JPY and closed at 101.96. In Japan, the Bank of Japan (BoJ) Governor, Haruhiko Kuroda, following the central bank’s decision to keep its monetary policy … Continue reading →

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GBP/USD: IMF upgraded its view on the UK economic growth for 2014

Posted on April 9, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.86% against the USD and closed at 1.6750 after the IMF raised its forecast on the UK economic growth for the second time this year, by stating that the … Continue reading →

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EUR/USD: ECB should implement more easing measures to support Euro-zone recovery and reach 2% inflation target, says IMF

Posted on April 9, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.38% against the USD and closed at 1.3794. However, the gains in the Euro-zone’s common currency were capped after the IMF, in its latest world economic outlook, opined that … Continue reading →

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