Monthly Archives: April 2014

Crude Oil: EIA reported an unexpected drop in the weekly US crude stockpiles

Posted on April 3, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.31% against the USD for the 24 hour period ending 23:00GMT, closing at 99.31, amid concerns of over-supply in the market after Libyan rebels clinched a deal with the nation’s Government, paving the … Continue reading →

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Silver: White metal trading lower this morning, following yesterday’s surge

Posted on April 3, 2014 by GCI Financial

Silver Movement Silver prices rose 1.27% to USD 20.02 per ounce during the 24 hours ending 23:00GMT, amid bargain hunting. In the Asian session, at GMT0300, Silver is trading at 19.93, 0.45% lower from yesterday’s close. Silver is expected to … Continue reading →

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Gold: Precious metal extends its gains in the Asian trading hours

Posted on April 3, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.75% against the USD in the 24 hour period ending 23:00GMT, at 1290.98 per ounce, as traders took advantage of the recent retreat in the precious metal and increased their exposure to it … Continue reading →

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USD/CAD: Loonie reverses its losses in the morning trading hours

Posted on April 3, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.1033 as traders cheered an upbeat US factory orders data and a report by ADP which revealed that US private sector … Continue reading →

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

Posted on April 3, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.36% against the CHF and closed at 0.8866 In the Asian session, at GMT0300, the pair is trading at 0.8873, with the USD trading 0.10% higher from yesterday’s … Continue reading →

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USD/JPY: Yen trading tad lower in the Asian session

Posted on April 3, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.24% against the JPY and closed at 103.89, following strong US factory orders data. In the Asian session, at GMT0300, the pair is trading at 103.94, with the … Continue reading →

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GBP/USD: UK construction PMI unexpectedly fell in March

Posted on April 3, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally fell against the USD and closed at 1.6627 after official data showed that construction PMI for the UK economy edged down to a reading of 62.5 in March, … Continue reading →

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EUR/USD: ECB should ease monetary policy to combat low inflation, says IMF

Posted on April 3, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.18% against the USD and closed at 1.3767. The US Dollar gained ground after data showed that factory orders in the US rose more-than-expected 1.6% (MoM) in February, … Continue reading →

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Crude Oil: API reported a surprise fall in the US weekly crude inventories

Posted on April 2, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.78% against the USD for the 24 hour period ending 23:00GMT, closing at 99.61, hurt by a mixed batch of Chinese manufacturing PMI data and a lacklustre rise in the US ISM manufacturing … Continue reading →

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Silver: White metal higher in the Asian trading hours

Posted on April 2, 2014 by GCI Financial

Silver Movement Silver prices marginally rose to USD 19.77 per ounce during the 24 hours ending 23:00GMT, amid broad gains in the prices of industrial metals. In the Asian session, at GMT0300, Silver is trading at 19.80, 0.12% higher from … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on April 2, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1281.29 per ounce amid reports that showed holdings in the SPDR Gold Trust continued its downward trend and fell to 810.98 … Continue reading →

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