Monthly Archives: April 2013

Crude Oil: Oil rose as crude stockpiles increased less-than-expected

Posted on April 25, 2013 by GCI Financial

  Crude Oil prices jumped 2.30% against the USD for the 24 hour period ending 23:00GMT, closing at 91.54, after the US Energy Information Administration reported that crude supplies climbed by 900,000 barrels for the week ended April 19, which … Continue reading →

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Silver: White metal moving northwards this morning

Posted on April 25, 2013 by GCI Financial

  Silver prices rose 0.82% to the USD23.16 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 23.38, 0.93% higher from yesterday’s close. Silver is expected to find support at 23.03, … Continue reading →

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Gold: Yellow metal trading higher this morning

Posted on April 25, 2013 by GCI Financial

  Gold prices traded higher by 1.20% against the USD in the 24 hour period ending 23:00GMT, at 1430.47 per ounce, as strong physical demand from Asia, particularly India and China, encouraged buying. In the Asian session, at GMT0300, Gold … Continue reading →

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GBP/USD: Pound fell on dismal UK economic data, trading higher this morning

Posted on April 24, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.45% against the USD and closed at 1.5228, as public sector net borrowing and CBI industrial order expectations data disappointed Sterling traders. According to the data released by the UK Office … Continue reading →

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EUR/USD: Euro retreated as Euro-zone, German factory data disappointed; trading tad higher this morning

Posted on April 24, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.51% against the USD and closed at 1.2994, as weak Euro-zone and German PMI data raised concerns over the health of the economy, thereby raising speculation that the European Central Bank … Continue reading →

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USD/JPY: Japan corporate service price declines in March

Posted on April 24, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.46% against the JPY and closed at 99.66. In the Asian session, at GMT0300, the pair is trading at 99.44, with the USD trading 0.22% lower from yesterday’s close. … Continue reading →

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USD/CAD: Canadian retail sales increased in February

Posted on April 24, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD to close at 1.0271. The Canadian Dollar fell after economic data from Europe and China indicated that the global economic growth is slowing, undermining demand … Continue reading →

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USD/CHF: Swiss trade surplus narrowed in March

Posted on April 24, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 1.16% against the CHF and closed at 0.9458. Yesterday, Switzerland’s trade surplus narrowed to CHF1.90 billion in March, compared to a revised surplus of CHF2.00 billion posted in the … Continue reading →

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Crude Oil: Oil advanced as US crude stockpiles decreased; trading lower this morning

Posted on April 24, 2013 by GCI Financial

  Crude Oil prices advanced 0.12% against the USD for the 24 hour period ending 23:00GMT, closing at 89.48, after the API registered an unexpected drop in crude stockpiles last week. Late yesterday, the American Petroleum Institute (API) reported that, … Continue reading →

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Silver: White metal lost shine as the greenback recorded gains; trading higher this morning

Posted on April 24, 2013 by GCI Financial

  Silver prices declined 1.76% to the USD22.97 per ounce during the 24 hours ending 23:00GMT, amid a strong dollar. In the Asian session, at GMT0300, Silver is trading at 23.00, 0.14% higher from yesterday’s close. Silver is expected to … Continue reading →

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Gold: Gold dropped as the greenback strengthened; trading higher this morning

Posted on April 24, 2013 by GCI Financial

  Gold prices traded lower by 0.92% against the USD in the 24 hour period ending 23:00GMT, at 1413.53 per ounce, as weak factory output figures from Europe and China prompted investors to seek safe-haven positions in the US Dollar. … Continue reading →

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