Monthly Archives: May 2013

Crude Oil: Oil fell after OPEC’s April report

Posted on May 13, 2013 by GCI Financial

  On Friday, Crude Oil prices declined 0.19% against the USD for the 24 hour period ending 24:00GMT, closing at 95.94, on renewed global demand concerns after the Organization of Petroleum Exporting Countries (OPEC) left its 2013 estimate unchanged and … Continue reading →

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Gold: Gold lower on strong dollar

Posted on May 13, 2013 by GCI Financial

  On Friday Gold prices traded lower by 0.72% against the USD in the 24 hour period ending 24:00GMT, at 1446.35 per ounce, as the greenback strengthened on signs of improvement in the US economy, eroding the safe haven demand … Continue reading →

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Silver: White metal trading lower this morning

Posted on May 13, 2013 by GCI Financial

  On Friday, Silver prices rose 0.68% to the USD 23.84 per ounce during the 24 hours ending 24:00GMT. In the Asian session, at GMT0300, Silver is trading at 23.65, 0.80% lower from yesterday’s close. Silver is expected to find … Continue reading →

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Silver: Silver trading higher this morning

Posted on May 10, 2013 by GCI Financial

  Silver prices declined 0.96% to the USD 23.68 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 23.80, 0.51% higher from yesterday’s close. Silver is expected to find support at … Continue reading →

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USD/CAD: Canadian new house prices rose less-than-expected in March

Posted on May 10, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.44% against the CAD to close at 1.0072. The Canadian Dollar came under pressure, after new house prices in Canada rose 0.2% (YoY) in March, slower than the 2.1% … Continue reading →

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Gold: Precious metal fell more than a percent, trading higher this morning

Posted on May 10, 2013 by GCI Financial

  Gold prices traded lower by 1.05% against the USD in the 24 hour period ending 23:00GMT, at 1456.79 per ounce, on concern that physical purchases may be slowing and as US jobless claims fell to pre-recession levels, adding to … Continue reading →

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Crude Oil: Oil lower after the US and China data, trading tad higher in the Asian session

Posted on May 10, 2013 by GCI Financial

  Crude Oil prices declined 0.30% against the USD for the 24 hour period ending 23:00GMT, closing at 96.12, as positive signs of recovery in the US against persistent doubts over the Chinese economy sent mixed signals about demand from … Continue reading →

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AUD/USD: RBA trimmed its inflation forecast for 2013

Posted on May 10, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 1.12% against the USD to close at 1.0076. LME Copper prices declined 0.2% or $15.0/MT to $7311.0/MT. Aluminium prices declined 1.2% or $22.0/MT to $1864.5/MT. In the Asian session, at … Continue reading →

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

Posted on May 10, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 1.55% against the CHF and closed at 0.9496. In the Asian session, at GMT0300, the pair is trading at 0.9487, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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USD/JPY: USD passes the psychologically significant 100 level against the JPY

Posted on May 10, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 1.97% against the JPY and closed at 100.83, supported by a favorable jobless claims report. The Yen traded lower yesterday, breaking through the significant ‘100’ mark, as the Bank … Continue reading →

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GBP/USD: BoE refrains from expanding stimulus, maintains key interest rates

Posted on May 10, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.62% against the USD and closed at 1.5444. The Bank of England (BoE), in its monetary policy meeting yesterday, kept its benchmark interest rates unchanged at 0.5%, in line with … Continue reading →

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