Daily Archives: April 11, 2014

Crude Oil: Oil production from the OPEC fell by more than a half-million barrels to 29.6 million barrels last month

Posted on April 11, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.12% against the USD for the 24 hour period ending 23:00GMT, closing at 103.26 amid mounting concerns over China’s demand outlook. However, lingering tension in Ukraine kept the commodity’s losses in check. Oil … Continue reading →

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Silver: White metal pares its gains in the morning session

Posted on April 11, 2014 by GCI Financial

Silver Movement Silver prices rose 0.58% to USD 20.03 per ounce during the 24 hours ending 23:00GMT, amid strong demand for industrial metals. In the Asian session, at GMT0300, Silver is trading at 20.02, slightly lower from yesterday’s close. Silver … Continue reading →

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

Posted on April 11, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.54% against the USD in the 24 hour period ending 23:00GMT, at 1318.32 per ounce, as former losses in US equity markets lured investors to the safe-haven appeal of the metal. However, the … Continue reading →

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AUD/USD: Aussie trading below its MA’s

Posted on April 11, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.21% against the USD to close at 0.9397, buoyed Australia’s strong employment data for March. LME Copper prices rose 0.1% or $7.0/MT to $6637.5/MT. Aluminium prices jumped 3.5% or … Continue reading →

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USD/CAD: Loonie snaps its losses in the morning session

Posted on April 11, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.48% against the CAD to close at 1.0934, benefited from an upbeat weekly US jobless claims data. Meanwhile, the Canadian Dollar lost ground even after Canada’s new housing … Continue reading →

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USD/CHF: Swiss Franc trading tad lower in the Asian session

Posted on April 11, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CHF and closed at 0.8762. In the Asian session, at GMT0300, the pair is trading at 0.8763, with the USD trading slightly higher from yesterday’s … Continue reading →

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USD/JPY: Japan’s economy moving in-line with the central bank’s expectations, indicated BoJ’s minutes

Posted on April 11, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.72% against the JPY and closed at 101.40. The Japanese Yen rose as the latest batch of mixed economic data from China spurred demand for safe-haven assets. In … Continue reading →

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GBP/USD: BOE refrained from altering its policy measure at its April meeting

Posted on April 11, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.12% against the USD and closed at 1.6779, as the latter advanced following an upbeat US weekly jobless claims data. Meanwhile, in the UK, the Bank of England (BoE), … Continue reading →

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EUR/USD: ECB keeping a close watch on inflation and is ready to take QE measures if needed, says ECB President, Draghi

Posted on April 11, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.25% against the USD and closed at 1.3887. However, gains in the Euro-zone’s shared currency were capped after the European Central Bank (ECB) President, Mario Draghi indicated that the … Continue reading →

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