Daily Archives: May 15, 2014

Crude Oil: EIA reported a 900,000 barrels rise in the US crude supplies in the previous week

Posted on May 15, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.09% against the USD for the 24 hour period ending 23:00GMT, closing at 101.94, after the Energy Information Administration (EIA) reported that inventories at the Cushing, Oklahoma, delivery point fell the 14th time … Continue reading →

Posted in Crude Oil | Comments Off

Silver: Physical demand for silver rose 13.0% to a record high level in 2013, shows a survey report

Posted on May 15, 2014 by GCI Financial

Silver Movement Silver prices rose 1.18% to USD 19.79 per ounce during the 24 hours ending 23:00GMT, after an industry report showed that physical silver demand rose 13.0% to reach a record-high level of 1,081.1 million ounces in 2013. In … Continue reading →

Posted in Silver | Comments Off

Gold: Precious metal reverses its direction in the Asian session

Posted on May 15, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.85% against the USD in the 24 hour period ending 23:00GMT, at 1305.40 per ounce, as a decline in the US equity markets and a broad weakness in the US Dollar bolstered the … Continue reading →

Posted in Gold | Comments Off

AUD/USD: Aussie pares its gains against the US Dollar in the Asian session

Posted on May 15, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.13% against the USD to close at 0.9374. LME Copper prices rose 1.3% or $92.0/MT to $6976.5/MT. Aluminium prices advanced 1.1% or $18.5/MT to $1757.5/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie extends its gains in the morning session

Posted on May 15, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CAD to close at 1.0889. The Canadian Dollar posted gains yesterday, on the back of rise in commodity prices. Meanwhile, on the economic front, the … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc converging with its MA’s

Posted on May 15, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.8897. In economic news, the ZEW survey on the economic expectations for the Swiss economy gained by 0.4 points to reach … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Japan’s GDP rose faster than market expectations in the first quarter

Posted on May 15, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.39% against the JPY and closed at 101.84, as escalating tensions in Ukraine bolstered the demand-prospect of the safe-haven Japanese Yen. In a noteworthy development, Fitch Ratings affirmed … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: BoE Mark Carney hints interest rate to rise only if the UK economy expands reducing its economic slack further

Posted on May 15, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.37% against the USD and closed at 1.6768, after the BoE Governor, Mark Carney played down speculations for an earlier-than-expected interest rate hike in the UK economy by … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro trading a tad higher ahead of Euro-zone’s consumer inflation and GDP data

Posted on May 15, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.07% against the USD and closed at 1.3715. Yesterday, earlier during the day, the Euro came under pressure after Euro-zone’s industrial production unexpectedly fell 0.1% (YoY) in March, … Continue reading →

Posted in EUR/USD | Comments Off