Daily Archives: May 8, 2014

Crude Oil: Crude continues its upward trend buoyed by a surprise drop in the US weekly crude supplies

Posted on May 8, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.98% against the USD for the 24 hour period ending 23:00GMT, closing at 100.84, after the Energy Information Administration (EIA) reported a surprise 1.8-million-barrels drop in the US crude stockpiles for the week … Continue reading →

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Silver: White metal extends its losses in the Asian session

Posted on May 8, 2014 by GCI Financial

Silver Movement Silver prices declined 1.45% to USD 19.32 per ounce during the 24 hours ending 23:00GMT, tracking gold’s weakness. In the Asian session, at GMT0300, Silver is trading at 19.29, 0.16% lower from yesterday’s close. Silver is expected to … Continue reading →

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Gold: Gold trading marginally higher this morning, following yesterday’s slump on Yellen’s comments

Posted on May 8, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 1.41% against the USD in the 24 hour period ending 23:00GMT, at 1289.90 per ounce, as the US Fed Chief, Janet Yellen’s optimistic comments on the US economy and Russian President, Vladimir Putin’s … Continue reading →

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AUD/USD: Aussie pares losses on the back of upbeat employment data from Australia

Posted on May 8, 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 0.9326. LME Copper prices declined 0.8% or $52.0/MT to $6688.0/MT. Aluminium prices fell 1.2% or $21.0/MT to $1728.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie snaps losses in the Asian session

Posted on May 8, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CAD to close at 1.0900, as Fed Chief, Janet Yellen’s upbeat outlook on the US economic recovery benefited the US Dollar while an unexpected fall … Continue reading →

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USD/CHF: Unemployment rate in Switzerland edged down to 3.2% on a non-seasonally adjusted basis

Posted on May 8, 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 0.8762, as traders cheered Fed Chief, Janet Yellen’s upbeat view on the recovery prospects of the US economy. In economic news, … Continue reading →

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USD/JPY: Japan’s Amari credits policy reforms for a significant improvement in the nation’s labour market

Posted on May 8, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.18% against the JPY and closed at 101.86, buoyed by the Fed Chief, Janet Yellen’s cheerful outlook of the US economy. Late Wednesday, Japan’s Economy Minister, Akira Amari, … Continue reading →

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GBP/USD: Pound trading marginally lower ahead of the BoE’s monetary policy decision

Posted on May 8, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.10% against the USD and closed at 1.6956, as Fed Chief, Janet Yellen’s upbeat view on the US economic outlook supported the US Dollar. In the Asian session, … Continue reading →

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EUR/USD: US economy to register a “solid growth” in the second quarter, projects Fed Chief, Janet Yellen

Posted on May 8, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.10% against the USD and closed at 1.3912, as the latter benefitted from Fed Chief, Janet Yellen’s optimistic view on the future of the US economic growth. Janet … Continue reading →

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