Monthly Archives: April 2014

USD/JPY: BoJ kept its monetary policy stance unchanged at its April meeting

Posted on April 8, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.24% against the JPY and closed at 103.07. In economic news, Japan’s leading economic indicator fell more-than-expected to a 5-month low reading of 108.5 in February, from previous … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: Pound trading tad higher ahead of a slew of economic releases from the UK

Posted on April 8, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.17% against the USD and closed at 1.6608, in a subdued trading session on Monday. Yesterday, the Office for National Statistics noted that despite the recent substantial GDP growth, … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: No imminent deflation risk in the Euro-zone, says ECB’s Yves Mersch

Posted on April 8, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.28% against the USD and closed at 1.3742, after an ECB board member, Yves Mersch eased concerns on QE measures in the Euro-zone economy by stating that “there’s a … Continue reading →

Posted in EUR/USD | Comments Off

Crude Oil: Crude snaps gains in the Asian session

Posted on April 7, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 0.80% against the USD for the period ending 21:00GMT, closing at 101.14, as investors doubted reports that the Libyan ports were about to reopen. Meanwhile, crude prices further received support after … Continue reading →

Posted in Crude Oil | Comments Off

Silver: White metal trading lower this morning

Posted on April 7, 2014 by GCI Financial

Silver Movement On Friday, Silver prices rose 0.71% to USD 19.96 per ounce during the period ending 21:00GMT, amid broad gains in the prices of industrial metals and strong demand for safe-haven assets. In the Asian session, at GMT0300, Silver … Continue reading →

Posted in Silver | Comments Off

Gold: Yellow metal reverses its gains in the Asian trading hours

Posted on April 7, 2014 by GCI Financial

Gold Movement On Friday Gold prices traded higher by 1.44% against the USD in the period ending 21:00GMT, at 1303.64 per ounce, as traders favoured the safe-haven metal after data from the US showed that the economy added less-than-expected jobs … Continue reading →

Posted in Gold | Comments Off

AUD/USD: Aussie pares its gains in the morning session

Posted on April 7, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened 0.60% against the USD to close at 0.9288. LME Copper prices rose 1.1% or $71.0/MT to $6677.0/MT. Aluminium prices advanced 1.5% or $27.5/MT to $1810.0/MT. In the Asian session, at GMT0300, the pair … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie continues to trade higher in the Asian session, following Friday’s upbeat Canadian jobs data

Posted on April 7, 2014 by GCI Financial

USDCAD Movement On Friday, the USD declined 0.47% against the CAD to close at 1.0983. The Canadian Dollar advanced against its US counterpart after official data showed that the Canadian economy added 42,900 net new jobs in March, far more … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Franc trading tad lower ahead of Swiss consumer inflation data

Posted on April 7, 2014 by GCI Financial

USDCHF Movement On Friday, the USD rose 0.12% against the CHF and closed at 0.8920. In the Asian session, at GMT0300, the pair is trading at 0.8923, with the USD trading marginally higher from Friday’s close. The pair is expected … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Yen trading below its MA’s

Posted on April 7, 2014 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.63% against the JPY and closed at 103.24, hurt by the latest batch of downbeat jobs data from the US economy. In the Asian session, at GMT0300, the pair is trading at 103.29, … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: Pound trading marginally lower amid lack of economic data from the UK

Posted on April 7, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.12% against the USD and closed at 1.6578, after the UK, mortgage lender, Halifax reported that house prices fell 1.1% (MoM) in March, their biggest fall in nearly two years, compared to a revised … Continue reading →

Posted in GBP/USD | Comments Off