Daily Archives: May 10, 2016

Crude Oil: Oil trading a tad higher, ahead of the API’s weekly crude oil inventory data

Posted on May 10, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices declined 2.76% against the USD for the 24-hour period ending 23:00GMT, closing at 43.33, after reports emerged that Canada’s wildfires have moved away from the nation’s key oil production facilities region and that supplies … Continue reading →

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Silver: White metal trading on a weaker footing in the Asian session

Posted on May 10, 2016 by GCI Financial

Silver Movement Silver prices declined 2.66% to USD 17.04 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 17.01, with the silver trading 0.18% lower … Continue reading →

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Gold: Yellow metal reverses its losses in the morning session

Posted on May 10, 2016 by GCI Financial

Gold Movement Gold prices traded lower by 1.80% against the USD in the 24-hour period ending 23:00GMT, at 1266.50 per ounce, amid a broad strength in the greenback. In the Asian session, at GMT0300, the pair is trading at 1266.70, … Continue reading →

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AUD/USD: Aussie trading higher this morning

Posted on May 10, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.82% against the USD to close at 0.7317. LME Copper prices declined 1.47% or $70.5/MT to $4739.5/MT. Aluminium prices declined 2.66% or $42.5/MT to $1556.5/MT. In the Asian … Continue reading →

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USD/CAD: The BoC should be prepared to do more if need arises, indicated the IMF

Posted on May 10, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CAD to close at 1.2958. In economic news, Canada’s seasonally adjusted housing starts fell to a 3-month low level of 191.5K in April, compared to … Continue reading →

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USD/CHF: Swiss Franc trading a tad lower, ahead of Switzerland’s unemployment rate data

Posted on May 10, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CHF and closed at 0.9713. The Swiss Franc gained ground, after Switzerland’s consumer price index (CPI) rose more-than-expected by 0.3% MoM in April, its third … Continue reading →

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USD/JPY: Japanese Yen trading on a weaker footing in the morning session

Posted on May 10, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 1.08% against the JPY and closed at 108.40. In economic news, Japan’s consumer confidence index weakened less-than-expected to a level of 40.8 in April, from a reading of … Continue reading →

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GBP/USD: Pound trading lower, ahead of Britain’s total trade balance data

Posted on May 10, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.13% against the USD and closed at 1.4413. In economic news, UK’s Halifax house price index declined more-than-expected by 0.8% MoM in April, compared to a revised rise … Continue reading →

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EUR/USD: Euro trading tad lower. ahead of Germany’s industrial production data

Posted on May 10, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.14% against the USD and closed at 1.1384. In economic news, Germany’s seasonally adjusted factory orders advanced above expectations by 1.9% MoM in March, its biggest rise in … Continue reading →

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