Monthly Archives: February 2014

Gold: Yellow metal extends its fall, hurt by a stronger US Dollar

Posted on February 27, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.73% against the USD in the 24 hour period ending 23:00GMT, at 1330.80 per ounce, as a stronger US Dollar weighed on the yellow metal. Meanwhile, hawkish comments from the Dallas Fed President, … Continue reading →

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AUD/USD: Private capital expenditure in Australia declined the most in four years

Posted on February 27, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.54% against the USD to close at 0.8962, hurt by a decline in the activities of Australian construction sector in the fourth-quarter and a fall in iron-ore prices for … Continue reading →

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USD/CAD: Loonie pares its losses in the Asian session

Posted on February 27, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.47% against the CAD to close at 1.1138, after a report revealed that new home sales in the US rose to its highest level since July 2008 in … Continue reading →

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USD/CHF: Swiss Franc trading higher, focus on Swiss GDP and employment data

Posted on February 27, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.43% against the CHF and closed at 0.8908 following positive US economic data. In Switzerland, widespread weakness across business sectors prompted the UBS consumption indicator to fall to … Continue reading →

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USD/JPY: Yen trading tad lower ahead of Japan’s consumer inflation data

Posted on February 27, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.14% against the JPY and closed at 102.30, after data showed that new home sales in the US surged to a 5-1/2 year high in January. In the … Continue reading →

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GBP/USD: BoE not in a rush to hike its interest rate, hints BoE policymakers, David Miles and Spencer Dale

Posted on February 27, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP marginally fell against the USD and closed at 1.6666, as the US Dollar advanced following a surge in the US new home sales data for January. The British Pound came … Continue reading →

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EUR/USD: “ECB reflecting 360 degree on its policy”, indicates ECB’s Yves Mersch

Posted on February 27, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.47% against the USD and closed at 1.3681. The US Dollar advanced against the Euro after data showed that new homes sales in the US jumped 9.6% to a … Continue reading →

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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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