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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
- Silver; White metal trading on a weaker footing this morning
- Gold: Yellow metal reverses it gains in the Asian session
- AUD/USD: Australia’s retail sales climbed in July
- USD/CAD: Loonie trading on a stronger footing this morning
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Daily Archives: May 1, 2014
Crude Oil: US crude inventories extends its record high level, reports EIA
Crude Oil Movement Crude Oil prices declined 0.92% against the USD for the 24 hour period ending 23:00GMT, closing at 99.76, as a soft first-quarter US GDP data fuelled concerns on the demand prospects of the commodity in the nation … Continue reading
Posted in Crude Oil
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Silver: Silver trading below its MA’s
Silver Movement Silver prices declined 1.28% to USD 19.25 per ounce during the 24 hours ending 23:00GMT, tracking losses in the prices of gold. In the Asian session, at GMT0300, Silver is trading at 19.15, 0.49% lower from yesterday’s close. … Continue reading
Posted in Silver
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Gold: Yellow metal extends its fall following Fed’s $10 billion taper
Gold Movement Gold prices traded lower by 0.24% against the USD in the 24 hour period ending 23:00GMT, at 1292.50 per ounce, after the Fed, citing the growth momentum in the US economy, announced its decision to slash its monthly … Continue reading
Posted in Gold
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AUD/USD: Aussie trading higher in the Asian session
AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.15% against the USD to close at 0.9283. LME Copper prices declined 0.7% or $46.0/MT to $6724.0/MT. Aluminium prices fell 0.6% or $10.0/MT to $1769.5/MT. In the Asian … Continue reading
Posted in AUD/USD
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USD/CAD: Canada’s GDP came in line with economists’ projections for February
USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CAD to close at 1.0965, benefitting from a strong US ADP employment data and the Fed’s decision to taper its QE package by $10 billion. … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading marginally higher in a holiday-thin trading session
USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CHF and closed at 0.8802, as a downbeat US GDP data for the first quarter disappointed market sentiment. On the economic front, the UBS consumption … Continue reading
Posted in USD/CHF
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USD/JPY: Central bank would not hesitate to alter its policy if risks materialise, says BoJ’s Governor, Kuroda
USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.38% against the JPY and closed at 102.25, following a lacklustre US first-quarter GDP data. Yesterday, following the BoJ’s decision to keep its monetary policy intact, the bank’s … Continue reading
Posted in USD/JPY
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GBP/USD: UK Pound trading tad higher ahead of a slew of UK economic releases
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.30% against the USD and closed at 1.6876 as the latter declined following the release of a soft US GDP data for the first-quarter. In the UK, BoE’s … Continue reading
Posted in GBP/USD
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EUR/USD: Fed continues tapering despite soft US GDP
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.42% against the USD and closed at 1.3870. The US Dollar lost ground after data showed that annualised GDP in the US rose 0.1% in the first quarter, … Continue reading
Posted in EUR/USD
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