Daily Archives: April 1, 2014

Crude Oil: Crude trading lower amid concerns on China’s demand-outlook

Posted on April 1, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices marginally advanced against the USD for the 24 hour period ending 23:00GMT, closing at 101.42. However, the gains were pared after the Chicago purchasing managers’ index declined more-than-expected in March and as concerns on … Continue reading →

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Silver: White metal extends its fall in the Asian trading session

Posted on April 1, 2014 by GCI Financial

Silver Movement Silver prices declined 0.34% to USD 19.76 per ounce during the 24 hours ending 23:00GMT, tracking losses in the prices of gold. In the Asian session, at GMT0300, Silver is trading at 19.72, 0.22% lower from yesterday’s close. … Continue reading →

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Gold: Yellow metal trading tad higher, following yesterday’s fall

Posted on April 1, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.89% against the USD in the 24 hour period ending 23:00GMT, at 1284.54 per ounce, hurt by a decline in the holdings in the largest exchange-traded product, SPDR Gold Trust, which witnessed a … Continue reading →

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AUD/USD: RBA kept its interest rate unchanged at 2.5%

Posted on April 1, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD rose 0.11% against the USD to close at 0.9268. Late yesterday, a report from Australia showed that the AiG performance of manufacturing index decline to a reading of 47.9 in … Continue reading →

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USD/CAD: Weaker Loonie to boost Canadian companies’ profits, opines Moody’s

Posted on April 1, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.1053. Earlier during the day, the Canadian Dollar advanced after data showed that the Canada’s GDP rose 0.5% (MoM) in January, … Continue reading →

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USD/CHF: Minimum exchange rate on the Franc remains the right policy for the Swiss economy, says SNB Chief, Jordon

Posted on April 1, 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 0.8845. Yesterday, in an interview with the Wall Street Journal, the SNB Chief, Thomas Jordan, stated that the minimum exchange rate … Continue reading →

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USD/JPY: Yen trading tad lower ahead of the planned sale-tax hike in Japan

Posted on April 1, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.32% against the JPY and closed at 103.23. Yesterday, data from Japan showed that housing starts rose 1.0% (YoY) in February, less than analysts’ estimates for a 4.9% … Continue reading →

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GBP/USD: Stress tests would test banks’ resilience to rate hikes, BoE’s Andrew Bailey

Posted on April 1, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.6665. The US Dollar came under pressure, following the Fed Chief, Janet Yellen’s dovish comments on the prevailing conditions in the US … Continue reading →

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EUR/USD: Euro-zone consumer inflation rate dropped to the lowest level since 2009 in March

Posted on April 1, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3775, reversing its initial losses, triggered by an official report that showed annual consumer inflation rate in the Euro-zone declined to 0.5% … Continue reading →

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