Daily Archives: April 11, 2014

Crude Oil: Oil production from the OPEC fell by more than a half-million barrels to 29.6 million barrels last month

Crude Oil Movement Crude Oil prices declined 0.12% against the USD for the 24 hour period ending 23:00GMT, closing at 103.26 amid mounting concerns over China’s demand outlook. However, lingering tension in Ukraine kept the commodity’s losses in check. Oil … Continue reading

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Silver: White metal pares its gains in the morning session

Silver Movement Silver prices rose 0.58% to USD 20.03 per ounce during the 24 hours ending 23:00GMT, amid strong demand for industrial metals. In the Asian session, at GMT0300, Silver is trading at 20.02, slightly lower from yesterday’s close. Silver … Continue reading

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Gold: Yellow metal continues to trade higher in the Asian session

Gold Movement Gold prices traded higher by 0.54% against the USD in the 24 hour period ending 23:00GMT, at 1318.32 per ounce, as former losses in US equity markets lured investors to the safe-haven appeal of the metal. However, the … Continue reading

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AUD/USD: Aussie trading below its MA’s

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.21% against the USD to close at 0.9397, buoyed Australia’s strong employment data for March. LME Copper prices rose 0.1% or $7.0/MT to $6637.5/MT. Aluminium prices jumped 3.5% or … Continue reading

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USD/CAD: Loonie snaps its losses in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.48% against the CAD to close at 1.0934, benefited from an upbeat weekly US jobless claims data. Meanwhile, the Canadian Dollar lost ground even after Canada’s new housing … Continue reading

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USD/CHF: Swiss Franc trading tad lower in the Asian session

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CHF and closed at 0.8762. In the Asian session, at GMT0300, the pair is trading at 0.8763, with the USD trading slightly higher from yesterday’s … Continue reading

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USD/JPY: Japan’s economy moving in-line with the central bank’s expectations, indicated BoJ’s minutes

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.72% against the JPY and closed at 101.40. The Japanese Yen rose as the latest batch of mixed economic data from China spurred demand for safe-haven assets. In … Continue reading

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GBP/USD: BOE refrained from altering its policy measure at its April meeting

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.12% against the USD and closed at 1.6779, as the latter advanced following an upbeat US weekly jobless claims data. Meanwhile, in the UK, the Bank of England (BoE), … Continue reading

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EUR/USD: ECB keeping a close watch on inflation and is ready to take QE measures if needed, says ECB President, Draghi

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.25% against the USD and closed at 1.3887. However, gains in the Euro-zone’s shared currency were capped after the European Central Bank (ECB) President, Mario Draghi indicated that the … Continue reading

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