Monthly Archives: April 2014

Gold: Precious metal extends its gains on back of Fed’s minutes

Posted on April 10, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.10% against the USD in the 24 hour period ending 23:00GMT, at 1311.32 per ounce, as the US Dollar declined following the release of the minutes from the Fed’s March policy meeting, which … Continue reading →

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AUD/USD: Unemployment rate in Australia fell to 5.8%

Posted on April 10, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.30% against the USD to close at 0.9377. LME Copper prices declined 0.3% or $21.5/MT to $6630.5/MT. Aluminium prices rose 0.4% or $6.5/MT to $1791.5/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading lower, following yesterday’s rise

Posted on April 10, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.45% against the CAD to close at 1.0881, following the release of the minutes from the Fed’s March 18-19 policy meeting, which dampened growing expectations that the Fed … Continue reading →

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USD/CHF: Swiss Franc continues to trade higher in the Asian session

Posted on April 10, 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 0.8800. In the Asian session, at GMT0300, the pair is trading at 0.8794, with the USD trading 0.07% lower from yesterday’s … Continue reading →

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USD/JPY: Yen trading higher ahead of the BoJ minutes

Posted on April 10, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.15% against the JPY and closed at 102.13. However, the gains were capped after the minutes from the Fed’s March policy meeting failed to support market expectations for … Continue reading →

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GBP/USD: UK trade deficit narrowed more than market expectations for February

Posted on April 10, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.32% against the USD and closed at 1.6801, after an official data showed that total trade deficit in the UK narrowed more-than-expected to £2.06 billion in February, compared to … Continue reading →

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EUR/USD: Euro pares its gains in the Asian session

Posted on April 10, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.44% against the USD and closed at 1.3853. The US Dollar lost ground after the minutes from the Fed’s March 18-19 policy meeting indicated that the central bank would … Continue reading →

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Crude Oil: EIA upgraded its average price projection for crude and slashed its estimates on US crude production

Posted on April 9, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.53% against the USD for the 24 hour period ending 23:00GMT, closing at 102.33, as a weaker US Dollar bolstered the demand-outlook while tensions in Ukraine weighed on the supply prospect of the … Continue reading →

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Silver: White metal extends its gains in the morning session

Posted on April 9, 2014 by GCI Financial

Silver Movement Silver prices rose 0.50% to USD 20.04 per ounce during the 24 hours ending 23:00GMT, tracking gains in prices of gold. In the Asian session, at GMT0300, Silver is trading at 20.05, slightly higher from yesterday’s close. Silver … Continue reading →

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Gold: Yellow metal continues to shine in the Asian session

Posted on April 9, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.87% against the USD in the 24 hour period ending 23:00GMT, at 1309.92 per ounce, as a weakness in the US Dollar and re-opening of Chinese markets, following a public holiday, bolstered the … Continue reading →

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AUD/USD: Aussie trading higher in the Asian session

Posted on April 9, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.88% against the USD to close at 0.9348. Yesterday, the IMF opined that due to subdued investment in Australia’s mining sector, economic growth in the nation is expected to … Continue reading →

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