Daily Archives: May 9, 2014

Crude Oil: Crude reverses its losses in the Asian session

Posted on May 9, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.57% against the USD for the 24 hour period ending 23:00GMT, closing at 100.27, amid broad gains in the US Dollar. However, mounting geo-political tensions in Ukraine and lingering concerns on the supply-outlook … Continue reading →

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Silver: Silver trading below its MA’s

Posted on May 9, 2014 by GCI Financial

Silver Movement Silver prices declined 0.67% to USD 19.19 per ounce during the 24 hours ending 23:00GMT, hurt by a stronger US Dollar. In the Asian session, at GMT0300, Silver is trading at 19.16, 0.16% lower from yesterday’s close. Silver … Continue reading →

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Gold: Precious metal trading marginally lower with focus on Ukraine crisis

Posted on May 9, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1290.80 per ounce, as traders digested Fed Chief, Janet Yellen’s comments that the US central bank was in no rush to … Continue reading →

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AUD/USD: RBA downgrades its growth forecast on the Australian economy for the June quarter of 2014

Posted on May 9, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.47% against the USD to close at 0.9370, following strong Australian employment figures. LME Copper prices edged up marginally by $2.5/MT to $6690.5/MT. Aluminium prices declined 0.6% or … Continue reading →

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USD/CAD: Loonie trading marginally higher ahead of Canada’s key employment data

Posted on May 9, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.62% against the CAD to close at 1.0832. The Canadian Dollar advanced after annual housing starts in Canada surged by 24.0% to a seasonally adjusted 194,809 units in … Continue reading →

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USD/CHF: Swiss annual CPI came in unchanged for the second straight month in April

Posted on May 9, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CHF and closed at 0.8802. In economic news, Switzerland’s annual consumer price index registered a flat reading for a second straight month in April while … Continue reading →

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USD/JPY: Yen trading lower in the morning session

Posted on May 9, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.25% against the JPY and closed at 101.60. In the Asian session, at GMT0300, the pair is trading at 101.71, with the USD trading 0.10% higher from yesterday’s … Continue reading →

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GBP/USD: BoE refrained from altering its monetary policy in May

Posted on May 9, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.14% against the USD and closed at 1.6932. Yesterday, the BoE, at its May policy meeting, voted to keep interest rates at a historical low level of 0.5% … Continue reading →

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EUR/USD: Mario Draghi opens doors for further stimulus measures in early June

Posted on May 9, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.52% against the USD and closed at 1.3840, after the ECB President, Mario Draghi, following the central bank’s decision to keep its interest rate intact at a record-low … Continue reading →

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