Monthly Archives: May 2013

EUR/USD: Euro higher on strong China trade data

Posted on May 8, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3075, after German factory orders beat market expectations by rising a seasonally adjusted 2.2% (MoM) in March, from a similar revised rate of … Continue reading →

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GBP/USD: UK same store sales unexpectedly fell in April

Posted on May 8, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.39% against the USD and closed at 1.5477. With no major economic events yesterday, the Pound traded on general market cues. In the Asian session, at GMT0300, the pair is … Continue reading →

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AUD/USD: Aussie tad higher on positive Chinese data

Posted on May 8, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.67% against the USD to close at 1.0175. LME Copper prices rose 1.7% or $118.50/MT to $7240.5/MT. Aluminium prices rose 0.7% or $13.50/MT to $1841.5/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Canadian housing starts data awaited

Posted on May 8, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.17% against the CAD to close at 1.0053. In the Asian session, at GMT0300, the pair is trading at 1.0053, with the USD trading flat from yesterday’s close. The … Continue reading →

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USD/CHF: Switzerland unemployment rate remained unchanged in April

Posted on May 8, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.28% against the CHF and closed at 0.9409. In economic news, seasonally adjusted unemployment rate in Switzerland came in at 3.1% (MoM) in April, unchanged from the previous month … Continue reading →

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Silver: Silver trading in tandem with yellow metal

Posted on May 8, 2013 by GCI Financial

  Silver prices declined 0.84% to the USD 23.85 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 23.99, 0.59% higher from yesterday’s close. Silver is expected to find support at … Continue reading →

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Crude Oil: Oil prices fell as API reported rise in US crude inventories, trading higher this morning

Posted on May 8, 2013 by GCI Financial

  Crude Oil prices declined 0.38% against the USD for the 24 hour period ending 23:00GMT, closing at 95.45. Yesterday, the American Petroleum Institute (API) released its crude oil inventory data indicating that, stock piles in the US, the world’s … Continue reading →

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Gold: Yellow metal trading higher this morning

Posted on May 8, 2013 by GCI Financial

  Gold prices traded lower by 1.40% against the USD in the 24 hour period ending 23:00GMT, at 1449.89 per ounce, as upbeat German factory orders data and strong performance by global equity markets boosted investors’ appetite for riskier assets. … Continue reading →

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EUR/USD: Euro fell on ECB President’s comments; trading tad higher this morning

Posted on May 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.37% against the USD and closed at 1.3073. The Euro traded in negative territory after the European Central Bank (ECB) President, Mario Draghi restated that the central bank is ready … Continue reading →

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AUD/USD: RBA cut interest rates as anticipated

Posted on May 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.51% against the USD to close at 1.0245. LME Copper prices rose 3.7% or $251.50/MT to $7122.0/MT. Aluminium prices gained 1.4% or $25.00/MT to $1828.0/MT. In the Asian session, at … Continue reading →

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

Posted on May 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CHF and closed at 0.9387. In the Asian session, at GMT0300, the pair is trading at 0.9383, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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