Monthly Archives: February 2014

Crude Oil: Crude continues to trade lower in the Asian trading hours

Posted on February 28, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.36% against the USD for the 24 hour period ending 23:00GMT, closing at 102.08, amid speculation that a retreating winter in the US would lower demand for heating fuels in the largest consumer … Continue reading →

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Silver: White metal extends its fall in the Asian session

Posted on February 28, 2014 by GCI Financial

Silver Movement Silver prices declined 0.12% to USD 21.26 per ounce during the 24 hours ending 23:00GMT, mirroring losses in the prices of industrial metals. However, tension in Ukraine and a weakness in the US Dollar kept the commodity’s losses … Continue reading →

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Gold: Yellow metal converging with its MA’s

Posted on February 28, 2014 by GCI Financial

Gold Movement Gold prices traded tad lower against the USD in the 24 hour period ending 23:00GMT, at 1330.66 per ounce. However, earlier during the day, the yellow metal traded higher as demand for safe-haven assets rose after the Fed … Continue reading →

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AUD/USD: Aussie trading lower in the morning session

Posted on February 28, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD marginally weakened against the USD to close at 0.8960. LME Copper prices declined 0.8% or $54.0/MT to $7095.0/MT. Aluminium prices fell 1.1% or $19.0/MT to $1716.0/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading tad lower, with focus on Canada’s GDP data

Posted on February 28, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.1125, following the Fed Chief Janet Yellen’s comments which failed to provide a clear picture on the impact of the extreme … Continue reading →

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USD/CHF: Swiss GDP rose at an annual rate of 1.7% in the fourth quarter

Posted on February 28, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.29% against the CHF and closed at 0.8882. In economic news, Switzerland’s GDP rose 1.7% (YoY) in the fourth quarter, less than analysts’ call for a rise of … Continue reading →

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USD/JPY: Japan’s national consumer inflation index registered a 1.4% annual rise in January

Posted on February 28, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.20% against the JPY and closed at 102.12, as traders reacted negatively to the Fed Chief, Janet Yellen’s testimony before the Senate and after the rising tensions in … Continue reading →

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GBP/USD: Pound trading lower ahead of BoE Governor, Mark Carney’s speech

Posted on February 28, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.15% against the USD and closed at 1.6691, as the greenback declined, hurt by a dismal weekly jobless claims data and Fed Chief, Janet Yellen’s comments before the US … Continue reading →

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EUR/USD: Euro-zone clearly not in deflation, says ECB President, Mario Draghi

Posted on February 28, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.19% against the USD and closed at 1.3707. The US Dollar declined against the Euro-zone’s common currency pressurised by a lacklustre weekly US jobless claims data and following comments … Continue reading →

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Crude Oil: EIA reported a less than expected rise in the weekly US crude supplies

Posted on February 27, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.47% against the USD for the 24 hour period ending 23:00GMT, closing at 102.45, after the Energy Information Administration (EIA) reported a less-than-expected rise of 68,000 barrels in the US crude supplies to … Continue reading →

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Silver: White metal trading lower ahead of Fed Chief Janet Yellen’s speech

Posted on February 27, 2014 by GCI Financial

Silver Movement Silver prices declined 2.63% to USD21.29 per ounce during the 24 hours ending 23:00GMT, amid broad gains in the US Dollar. In the Asian session, at GMT0400, Silver is trading at 21.10, 0.91% lower from yesterday’s close. Traders … Continue reading →

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