Monthly Archives: May 2013

Silver: White metal moving northwards this morning

Posted on May 3, 2013 by GCI Financial

  Silver prices rose 0.69% to the USD23.83 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 24.08, 1.03% higher from yesterday’s close. Silver is expected to find support at 23.61, … Continue reading →

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Gold: Yellow metal increased amid optimism over rise in demand

Posted on May 3, 2013 by GCI Financial

  Gold prices traded higher by 0.56% against the USD in the 24 hour period ending 23:00GMT, at 1467.32 per ounce, as rate cut by the European Central Bank raised optimism for future demand for the precious metals. In the … Continue reading →

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GBP/USD: Pound reversed gains on upbeat US economic data

Posted on May 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.22% against the USD and closed at 1.5535, as upbeat US economic data overshadowed the better-than-expected rise in the UK construction PMI. The greenback strengthened as the US trade deficit … Continue reading →

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EUR/USD: Euro slipped as ECB slashed interest rates; trading tad higher in the Asian session

Posted on May 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.86% against the USD and closed at 1.3066, after the European Central Bank (ECB) lowered its key interest rate by 25 basis points to 0.50%. Moreover, the ECB President, Mario … Continue reading →

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AUD/USD: Aussie drops as building approvals in Australia slump in March

Posted on May 2, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.85% against the USD to close at 1.0283. LME Copper prices declined 2.8% or $198.50/MT to $6875.0/MT. Aluminium prices declined 3.1% or $58.00/MT to $1788.5/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Loonie trading lower in the Asian session

Posted on May 2, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.0073. Yesterday, the Bank of Canada Governor, Mark Carney, stated that for central banks to be effective they must be absolutely transparent about … Continue reading →

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USD/CHF: Swissy is moving southwards in the Asian session

Posted on May 2, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.20% against the CHF and closed at 0.9271. In the Asian session, at GMT0300, the pair is trading at 0.9281, with the USD trading 0.11% higher from yesterday’s close. The … Continue reading →

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USD/JPY: Yen reverses previous session gain

Posted on May 2, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.14% against the JPY and closed at 97.14, following the release of disappointing US economic data. In the Asian session, at GMT0300, the pair is trading at 97.32, with … Continue reading →

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GBP/USD: Pound advanced on UK PMI data; trading lower this morning

Posted on May 2, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD and closed at 1.5570, as investor sentiment was lifted after the seasonally adjusted manufacturing PMI in the UK rose to a reading of 49.8 in April, higher … Continue reading →

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EUR/USD: Euro trading tad lower this morning; ECB meeting outcome awaited

Posted on May 2, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3180. The greenback saw a drop in demand amid soft US economic figures. Moreover, the Federal Reserve concluded its monetary policy meeting making … Continue reading →

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Crude Oil: Oil reverses previous session losses

Posted on May 2, 2013 by GCI Financial

  Crude Oil prices declined 2.38% against the USD for the 24 hour period ending 23:00GMT, closing at 90.92, after the Energy Information Administration (EIA) reported that US stockpiles climbed to the highest in 82 years. Yesterday, the US EIA … Continue reading →

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