Daily Archives: February 26, 2014

Crude Oil: Crude trading lower ahead of EIA weekly data

Posted on February 26, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.62% against the USD for the 24 hour period ending 23:00GMT, closing at 101.97, after data revealed an increase in the US crude inventories and on growing concerns that the weakening Chinese Yuan … Continue reading →

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Silver: White metal converging with its MA’s

Posted on February 26, 2014 by GCI Financial

Silver Movement Silver prices declined 0.40% to USD 21.87 per ounce during the 24 hours ending 23:00GMT. However, demand for haven assets following a weak US consumer confidence data, kept the commodity’s losses in check. In the Asian session, at … Continue reading →

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Gold: Yellow metal continues to trade higher in the morning session

Posted on February 26, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.43% against the USD in the 24 hour period ending 23:00GMT, at 1340.63 per ounce, as a dismal US consumer confidence data spurred demand for the safe-haven metal. Meanwhile, assets in the SPDR … Continue reading →

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AUD/USD: Aussie extends its fall in the Asian session

Posted on February 26, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.28% against the USD to close at 0.9011. LME Copper prices declined 0.2% or $15.0/MT to $7115.0/MT. Aluminium prices rose 0.5% or $9.0/MT to $1708.5/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading marginally lower amid lack of economic releases from Canada

Posted on February 26, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.23% against the CAD to close at 1.1085. The US Dollar gained ground, after the S&P/Case-Shiller Home Price Index indicated that the US home prices registered the largest … Continue reading →

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USD/CHF: Swiss Franc trading lower ahead of UBS consumption indicator data

Posted on February 26, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CHF and closed at 0.8870, after data showed that consumer confidence in the US declined unexpectedly in February. In the Asian session, at GMT0400, the … Continue reading →

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USD/JPY: Japan recovering moderately and is getting on track to achieve its 2% inflation targets, says BoJ Governor, Haruhiko Kuroda

Posted on February 26, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.35% against the JPY and closed at 102.15. In the Asian session, at GMT0400, the pair is trading at 102.33, with the USD trading 0.18% higher from yesterday’s … Continue reading →

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GBP/USD: Market expectations for an interest rate hike in the spring of 2015 “not unreasonable”, says BoE’s Ian McCafferty

Posted on February 26, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.11% against the USD and closed at 1.6675, after the Bank of England (BoE) policymaker, Ian McCafferty stated that market expectations for a rate hike in spring of 2015 … Continue reading →

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EUR/USD: European Commission upgraded Euro-zone’s growth forecast but slashed the region’s inflation outlook.

Posted on February 26, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.08% against the USD and closed at 1.3746, after data showed that, on a non-seasonally adjusted basis, Germany’s GDP rose 1.3% (YoY) in the fourth quarter, the fastest … Continue reading →

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