Daily Archives: February 25, 2014

Crude Oil: Crude trading lower ahead of API data

Posted on February 25, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.23% against the USD for the 24 hour period ending 23:00GMT, closing at 102.61, as production outages in Libya and fresh round of bombing and shooting in Iraq weighed on the supply-outlook of … Continue reading →

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Silver: White metal trading lower this morning

Posted on February 25, 2014 by GCI Financial

Silver Movement Silver prices rose 0.49% to USD 21.95 per ounce during the 24 hours ending 23:00GMT, as the latest batch of sluggish economic data from the US spurred demand for havens. In the Asian session, at GMT0400, Silver is … Continue reading →

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Gold: Precious metal reverses its gains in the morning session

Posted on February 25, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.77% against the USD in the 24 hour period ending 23:00GMT, at 1334.83 per ounce, as soft economic data from the US and social unrest in Ukraine bolstered the safe-haven appeal of the … Continue reading →

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AUD/USD: Aussie trading marginally lower in the Asian session

Posted on February 25, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.63% against the USD to close at 0.9035. LME Copper prices declined 1.1% or $81.5/MT to $7130.0/MT. Aluminium prices fell 2.0% or $34.5/MT to $1699.5/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading below its MA’s

Posted on February 25, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.49% against the CAD to close at 1.1060. In the Asian session, at GMT0400, the pair is trading at 1.1057, with the USD trading slightly lower from yesterday’s … Continue reading →

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USD/CHF: Swiss Franc continues to trade lower in the morning session

Posted on February 25, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.16% against the CHF and closed at 0.8888. In the Asian session, at GMT0400, the pair is trading at 0.8890, with the USD trading marginally higher from yesterday’s … Continue reading →

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USD/JPY: BoJ should wait till summer data before deciding to increase stimulus, suggests Koichi Hamada

Posted on February 25, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 102.51. Yesterday, in Japan, Koichi Hamada, a key aide to Prime Minister, Shinzo Abe, suggested the Bank of Japan (BoJ) to … Continue reading →

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GBP/USD: “BoE would not take risk with UK recovery”, assures BoE Governor, Mark Carney

Posted on February 25, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD and closed at 1.6656, after the Bank of England (BoE) Governor, Mark Carney hinted towards a new phase of forward guidance to “ensure sustainable growth … Continue reading →

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EUR/USD: ECB to consider negative interest rate at its upcoming meeting in March, hints ECB’s Ignazio Visco

Posted on February 25, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3735, after the European Central Bank (ECB) Governing Council member, Ignazio Visco suggested the possibility that policymakers could discuss introducing negative deposit … Continue reading →

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