Daily Archives: May 14, 2013

Crude Oil: Oil lower on demand worries, trading higher this morning

Posted on May 14, 2013 by GCI Financial

  Crude Oil prices declined 0.57% against the USD for the 24 hour period ending 23:00GMT, closing at 95.11, hit by reducing prospects for demand from China after industrial production in the nation rose slower-than-expected in April. In the Asian … Continue reading →

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Silver: Silver tracking gains in the yellow metal

Posted on May 14, 2013 by GCI Financial

  Silver prices declined 0.37% to the USD 23.69 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 23.79, 0.39% higher from yesterday’s close. Silver is expected to find support at … Continue reading →

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Gold: Gold lower as Fed plans to windup stimulus program, trading higher in the Asian session

Posted on May 14, 2013 by GCI Financial

  Gold prices traded lower by 0.63% against the USD in the 24 hour period ending 23:00GMT, at 1432.52 per ounce, pressured by concerns that the Federal Reserve might start to scale back its stimulus program. In the Asian session, … Continue reading →

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EUR/USD: US retail sales rose unexpectedly in April

Posted on May 14, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.2987. The Euro traded lower earlier in the session after the European Central Bank (ECB) council member, Ignazio Visco reportedly stated that, the … Continue reading →

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USD/CAD: Loonie trading tad higher this morning

Posted on May 14, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CAD to close at 1.0103. In the Asian session, at GMT0300, the pair is trading at 1.0101, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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AUD/USD: Aussie trading tad higher this morning but still below parity

Posted on May 14, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.13% against the USD to close at 0.9970. LME Copper prices declined 0.5% or $40.0/MT to $7350.5/MT. Aluminium prices rose 1.1% or $20.50/MT to $1827.5/MT. In the Asian session, at … Continue reading →

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USD/CHF: Swiss retail sales dropped unexpectedly in March

Posted on May 14, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CHF and closed at 0.9563. On an annual basis, real retail sales in Switzerland dropped 0.9% in March, compared to a revised 2.3% growth recorded in … Continue reading →

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USD/JPY: Yen continues to rise in the Asian session

Posted on May 14, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.26% against the JPY and closed at 101.68. In the Asian session, at GMT0300, the pair is trading at 101.62, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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GBP/USD: UK economy to strengthen, indicates CBI

Posted on May 14, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.25% against the USD and closed at 1.5306. Yesterday, the Confederation of British Industry (CBI) reported that the UK economy would expand 0.3% in this quarter, rising to 0.4% for … Continue reading →

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