Monthly Archives: May 2014

Crude Oil: EIA reported a more than expected rise in the US weekly crude inventories

Posted on May 30, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.48% against the USD for the 24 hour period ending 23:00GMT, closing at 103.50, benefited from a sharp fall in the US weekly gasoline inventories. Oil prices also fetched some support from reports … Continue reading →

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Silver: White metal trading lower in the morning session

Posted on May 30, 2014 by GCI Financial

Silver Movement Silver prices declined marginally to USD 19.04 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices. In the Asian session, at GMT0300, Silver is trading at 19.01, 0.13% lower from yesterday’s close. Silver is … Continue reading →

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Gold: Precious metal regains some of its lost ground in the Asian session

Posted on May 30, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.29% against the USD in the 24 hour period ending 23:00GMT, at 1255.30 per ounce, following an upbeat weekly jobless claims data from the US economy. However, the yellow metal pared some of … Continue reading →

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AUD/USD: Aussie extends its gains in the Asian session

Posted on May 30, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.80% against the USD to close at 0.9307, as an optimistic report on Australia’s capital spending lifted the Aussie while a lacklustre US GDP data weighed on the … Continue reading →

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USD/CAD: Loonie trading slightly higher ahead of Canada’s GDP data

Posted on May 30, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.29% against the CAD to close at 1.0839. In economic news, Canada posted a current account deficit of C$12.4 billion in the first quarter of 2014, the lowest … Continue reading →

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USD/CHF: Swiss Franc trading a tad higher with focus on the KOF leading indicator

Posted on May 30, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CHF and closed at 0.8979. In the Asian session, at GMT0300, the pair is trading at 0.8975, with the USD trading slightly lower from yesterday’s … Continue reading →

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USD/JPY: Japan’s core consumer prices rose at the fastest pace in 23 years in April

Posted on May 30, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 101.74, hurt by a dismal US GDP data for the first quarter of 2014. In the Asian session, at GMT0300, the … Continue reading →

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GBP/USD: UK Gfk consumer confidence improves to a nine-year high level in May

Posted on May 30, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.6720, as a lacklustre US GDP data weighed on the greenback. The British Pound benefited from a report that showed the … Continue reading →

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EUR/USD: Euro trading marginally higher against its US counterpart in the morning session

Posted on May 30, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.06% against the USD and closed at 1.3602, as the latter came under pressure from a higher-than-expected 1.0% drop in the US Q1 GDP data which signalled a … Continue reading →

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USD/CHF: Swiss GDP rose a faster rate in the first quarter

Posted on May 29, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CHF and closed at 0.8984. In economic releases, Switzerland’s GDP rose 0.5% (QoQ) in the first quarter of 2004, faster than a 0.2% pace of … Continue reading →

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Crude Oil: Crude trading lower ahead of the US EIA oil inventory data

Posted on May 29, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices shed 1.04% against the USD for the 24 hour period ending 23:00GMT, closing at 103.01, hurt by a stronger US Dollar. Crude prices also came under pressure after the American Petroleum Institute (API) reported … Continue reading →

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