Monthly Archives: April 2014

USD/CAD: Loonie snaps losses in the Asian trading hours

Posted on April 28, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.16% against the CAD to close at 1.1041, ahead of a busy week. In the Asian session, at GMT0300, the pair is trading at 1.1035, with the USD trading slightly lower from Friday’s … Continue reading →

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USD/CHF: Swiss Franc trims its gains in the early morning session

Posted on April 28, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.10% against the CHF and closed at 0.8809. During the central bank’s annual general meeting in Bern, the Swiss National Bank (SNB) President, Thomas Jordan, stated the Swiss Franc still remains highly valued … Continue reading →

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USD/JPY: Japan’s annual retail sales surged at the fastest pace in 17 years in March

Posted on April 28, 2014 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.17% against the JPY and closed at 102.13. The Japanese Yen gained ground as escalating turmoil in Ukraine fuelled demand for safe-haven assets. Late Sunday, the IMF projected Japan’s growth to ease to … Continue reading →

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GBP/USD: UK retail sales unexpectedly advanced in March

Posted on April 28, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell marginally against the USD and closed at 1.6801. However, earlier during the day, the British Pound advanced against its US counterpart after the National Statistics reported that retail sales in the UK posted a … Continue reading →

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

Posted on April 28, 2014 by GCI Financial

EURUSD Movement On Friday, EUR rose marginally against the USD and closed at 1.3837, drawing support from upbeat German economic data released on Wednesday and Thursday. In a noteworthy event, Fitch Ratings confirmed Italy’s sovereign debt rating at “BBB+” and … Continue reading →

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USD/CHF: Swiss Franc trading flat against the greenback in the Asian session

Posted on April 25, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CHF and closed at 0.8818. The Swiss Franc advanced following data that showed the Swiss economy posted a trade surplus of CHF2.1 billion in March … Continue reading →

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Crude Oil: Crude extends its gains in the morning trading hours

Posted on April 25, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.29% against the USD for the 24 hour period ending 23:00GMT, closing at 101.87, as growing tensions between Russia and Ukraine raised concerns on the supply outlook of the commodity from the region. … Continue reading →

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Silver: White metal reverses its direction in the morning session

Posted on April 25, 2014 by GCI Financial

Silver Movement Silver prices rose 1.21% to USD 19.68 per ounce during the 24 hours ending 23:00GMT, amid strong demand for safe-haven assets. In the Asian session, at GMT0300, Silver is trading at 19.56, 0.63% lower from yesterday’s close. Silver … Continue reading →

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

Posted on April 25, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.60% against the USD in the 24 hour period ending 23:00GMT, at 1291.72 per ounce, as escalating tensions between Russia and Ukraine spurred demand for safe-haven assets. However, a rally in world equity … Continue reading →

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AUD/USD: Aussie trading tad higher this morning, following yesterday’s fall

Posted on April 25, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.22% against the USD to close at 0.9268. LME Copper prices rose 1.3% or $86.0/MT to $6731.0/MT. Aluminium prices edged up 0.3% or $5.0/MT to $1840.5/MT. In the … Continue reading →

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USD/CAD: Interest rate to remain relatively lower even after the Canadian economy recovers, hints BoC Governor, Stephen Poloz

Posted on April 25, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CAD to close at 1.1023. Yesterday, the Bank of Canada (BoC) Governor, Stephen Poloz hinted the possibility for the Canadian economy to witness relatively cheap … Continue reading →

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