Monthly Archives: April 2014

Gold: Yellow metal extends its losses in the Asian session

Posted on April 29, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.61% against the USD in the 24 hour period ending 23:00GMT, at 1296.50 per ounce, as strong US pending home sales and Dallas Fed manufacturing data bolstered the recovery prospect of the US … Continue reading →

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AUD/USD: Australian Dollar trading lower this morning

Posted on April 29, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.17% against the USD to close at 0.9257, as the latest batch of strong economic releases in the US supported the greenback. Meanwhile, the Australian Dollar lost ground … Continue reading →

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USD/CAD: Loonie extends its gains in the Asian trading hours

Posted on April 29, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CAD to close at 1.1025, despite the release of upbeat US pending home sales and Dallas Fed manufacturing data. In the Asian session, at GMT0300, … Continue reading →

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USD/CHF: Swiss Franc trading higher amid lack of Swiss economic releases

Posted on April 29, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.07% against the CHF and closed at 0.8803. In the Asian session, at GMT0300, the pair is trading at 0.8798, with the USD trading 0.06% lower from yesterday’s … Continue reading →

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USD/JPY: Yen trading marginally lower in a Japanese holiday trading session

Posted on April 29, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.38% against the JPY and closed at 102.49, following the recent batch of upbeat US economic data. In the Asian session, at GMT0300, the pair is trading at … Continue reading →

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GBP/USD: UK Pound trading tad higher ahead of the UK first-quarter GDP data

Posted on April 29, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.6811. Yesterday, the Confederation of British Industry (CBI) Growth Indicator revealed that the economic growth in the UK continued to accelerate … Continue reading →

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EUR/USD: Low inflation to persist in Euro-zone for some more time but ECB far away from implementing QE, says ECB President, Draghi

Posted on April 29, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.10% against the USD and closed at 1.3853. However, gains in the Euro-zone’s common currency were capped as the US Dollar regained some lost ground after US pending … Continue reading →

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Crude Oil: Crude trading higher this morning, following Friday’s drop

Posted on April 28, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices declined 1.26% against the USD for the period ending 21:00GMT, closing at 100.60, on profit-taking and amid lingering concerns over US crude stockpiles gain. However, losses in the commodity were kept in … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on April 28, 2014 by GCI Financial

Silver Movement On Friday, Silver prices declined marginally to USD 19.69 per ounce during the period ending 20:00GMT. However, earlier during the day, silver traded higher as growing turmoil in Ukraine spurred demand for safe-haven assets. In the Asian session, … Continue reading →

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Gold: Precious metal extends its gains on strong safe-haven demand

Posted on April 28, 2014 by GCI Financial

Gold Movement On Friday Gold prices traded higher by 0.89% against the USD in the period ending 20:00GMT, at 1303.20 per ounce, as escalating concerns over Ukraine crisis and a broad decline in the US equity markets bolstered the safe-haven … Continue reading →

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AUD/USD: IMF downgrades Australia’s growth forecast

Posted on April 28, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened marginally against the USD to close at 0.9269, in a holiday-thin trading session. Late Sunday, the IMF, in its latest regional survey, indicated that the Australian economy would have to make efforts to … Continue reading →

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