Monthly Archives: May 2013

Gold: Yellow metal advanced on a weak dollar; trading lower this morning

Posted on May 21, 2013 by GCI Financial

  Gold prices traded higher by 3.45% against the USD in the 24 hour period ending 23:00GMT, at 1391.15 per ounce, as bargain hunters bought the precious metal after its prices fell in the last week. In the Asian session, … Continue reading →

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EUR/USD: Euro continues to trade higher this morning

Posted on May 21, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.47% against the USD and closed at 1.2891. In economic news, industrial new orders in Italy rose 1.6% (MoM) in March, following a 2.5% drop recorded in the previous month. However … Continue reading →

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GBP/USD: Pound trading tad lower this morning; UK CPI data awaited later today

Posted on May 21, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.58% against the USD and closed at 1.5263. Yesterday, the President of the Chicago Federal Reserve Bank, Charles Evans, stated that the central bank’s policy stance is appropriate and that the … Continue reading →

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AUD/USD: Aussie tad lower after RBA minutes

Posted on May 21, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.50% against the USD to close at 0.9813. LME Copper prices declined 0.7% or $53.50/MT to $7276.0/MT. Aluminium prices declined 1.6% or $29.50/MT to $1811.0/MT. In the Asian session, at GMT0300, … Continue reading →

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GBP/USD: UK house prices advanced in May

Posted on May 20, 2013 by GCI Financial

  On Friday, GBP fell 0.69% against the USD and closed at 1.5171. The Rightmove house prices data from the UK released over the weekend indicated an improvement in the UK housing market. On an annual basis, the house price … Continue reading →

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USD/CHF: Swissy trading higher in the Asian session

Posted on May 20, 2013 by GCI Financial

  On Friday, the USD rose 0.83% against the CHF and closed at 0.9730. In the Asian session, at GMT0300, the pair is trading at 0.9692, with the USD trading 0.39% lower from Friday’s close. The pair is expected to … Continue reading →

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USD/JPY: Yen bounces back after Japan’s Economy Minister’s comment

Posted on May 20, 2013 by GCI Financial

  On Friday, the USD strengthened 1.03% against the JPY and closed at 103.19. In the Asian session, at GMT0300, the pair is trading at 102.69, with the USD trading 0.49% lower from Friday’s close. The Yen rebounded, after Japan’s … Continue reading →

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EUR/USD: Euro reverses its losses in the Asian session

Posted on May 20, 2013 by GCI Financial

  On Friday, EUR declined 0.43% against the USD and closed at 1.2828, as dollar strengthened on talks of the Federal Reserve winding down its bond buying program. In economic news, construction output in the Euro-zone continued to decline for … Continue reading →

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USD/CAD: Loonie retreated as inflation in Canada slowed; trading tad higher this morning

Posted on May 20, 2013 by GCI Financial

  On Friday, the USD rose 0.96% against the CAD to close at 1.0284. The Canadian Dollar came under pressure after a report indicated that the nation’s inflation reached to the lowest level since 2009, igniting speculation over a possible … Continue reading →

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AUD/USD: Aussie trading higher in the Asian session

Posted on May 20, 2013 by GCI Financial

  On Friday, the AUD weakened 0.93% against the USD to close at 0.9736. The greenback traded higher as the US leading indicator registered an improvement in May and the preliminary consumer confidence index surged in May. LME Copper prices … Continue reading →

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Crude Oil: Oil advanced on rise demand expectations

Posted on May 20, 2013 by GCI Financial

  On Friday, Crude Oil prices advanced 0.83% against the USD for the period ending 21:00GMT, closing at 95.94, after a better-than-expected rise in the US consumer sentiment index raised optimism over fuel demand. In the Asian session, at GMT0300, … Continue reading →

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