Daily Archives: July 14, 2017

Crude Oil: Oil reverses its gains, ahead of Baker Hughes weekly rig count data

Posted on July 14, 2017 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.63% against the USD and closed at USD46.10 per barrel, after the International Energy Agency (IEA) forecasted higher global demand for crude this year. The IEA in … Continue reading →

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Silver: White metal trading lower in the morning session

Posted on July 14, 2017 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 1.39% against the USD and closed at USD15.66 per ounce, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 15.62, with the … Continue reading →

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Gold: Yellow metal trading on a weaker footing this morning

Posted on July 14, 2017 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.07% against the USD and closed at USD1217.10 per ounce, as strength in global equities dampened demand for the precious yellow metal. In the Asian session, at GMT0300, the … Continue reading →

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AUD/USD: Aussie trading a tad higher in the Asian session

Posted on July 14, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.72% against the USD and closed at 0.7732. LME Copper prices rose 0.3% or $19.5/MT to $5902.0/MT. Aluminium prices rose 1.8% or $34.0/MT to $1911.0/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s new house price index came in better-than-anticipated in May

Posted on July 14, 2017 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.2% against the CAD and closed at 1.2733. Macroeconomic data indicated that Canada’s new housing price index rose more-than-expected by 0.7% on a monthly basis in May, compared … Continue reading →

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USD/CHF: Swiss Franc trading marginally higher this morning

Posted on July 14, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CHF and closed at 0.9673. On the macro front, Switzerland’s producer and import prices unexpectedly fell 0.1% MoM in June, compared to market expectations for … Continue reading →

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USD/JPY: Japan’s industrial output fell more than initially estimated in May

Posted on July 14, 2017 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.06% against the JPY and closed at 113.38. In the Asian session, at GMT0300, the pair is trading at 113.40, with the USD trading marginally higher against the … Continue reading →

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EUR/USD: German annual inflation advanced as initially estimated in June

Posted on July 14, 2017 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.16% against the USD and closed at 1.1397. In economic news, Germany’s final consumer price index (CPI) rose 1.6% on an annual basis in June, confirming the flash … Continue reading →

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GBP/USD: BoE should consider winding down its asset purchase programme sooner: BoE’s Ian McCafferty

Posted on July 14, 2017 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.39% against the USD and closed at 1.2941, after the Bank of England (BoE) member, Ian McCafferty, struck a hawkish tone on monetary policy. The BoE rate-setter, Ian … Continue reading →

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