Monthly Archives: May 2014

Gold: Yellow metal snaps gains in the morning trading hours

Posted on May 13, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.93% against the USD in the 24 hour period ending 23:00GMT, at 1295.80 per ounce, as demand for safe-haven assets increased after pro-Russian rebels in eastern Ukraine declared a victory in the disputed … Continue reading →

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AUD/USD: Aussie pares gains following the release of Australian housing data

Posted on May 13, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD marginally strengthened against the USD to close at 0.9361. LME Copper prices rose 2.4% or $160.0/MT to $6930.0/MT. Aluminium prices advanced 1.3% or $21.5/MT to $1739.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading a tad lower ahead of the BoC’s quarterly review report

Posted on May 13, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 1.0897. In the Asian session, at GMT0300, the pair is trading at 1.0900, with the USD trading slightly higher from yesterday’s … Continue reading →

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USD/CHF: Real retail sales in Switzerland rose more than market expectations for March

Posted on May 13, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 0.8877. On the economic front, real retail sales in the Swiss economy rose at an annualized rate of 3.0% in March, … Continue reading →

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USD/JPY: Yen extends its fall against the US Dollar in the morning session

Posted on May 13, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.35% against the JPY and closed at 102.21, as the latter extended its losses on the back of yesterday’s soft current account data from the Japanese economy. In … Continue reading →

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GBP/USD: CBI upgrades its growth forecast on the UK economy for 2014 and 2015

Posted on May 13, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.08% against the USD and closed at 1.6871. On Monday, the Confederation of British Industries (CBI), in its latest forecast report, upgraded its growth projections on the Britain … Continue reading →

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EUR/USD: Inflation in the Euro-zone to remain below 1.0% for an extended period of time, says ECB Vice President, Constancio

Posted on May 13, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined marginally against the USD and closed at 1.3756, paring some of its initial losses accrued due to speculation of an ECB stimulus. Negative sentiment for the Euro was … Continue reading →

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Crude Oil: Crude trading higher this morning, following Friday’s losses

Posted on May 12, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices declined 0.23% against the USD for the period ending 21:00GMT, closing at 100.04, hurt by a stronger US Dollar. Oil prices also faced some resistance after Libya’s newly elected Prime Minister highlighted … Continue reading →

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Silver: White metal converging with its MA’s

Posted on May 12, 2014 by GCI Financial

Silver Movement On Friday, Silver prices declined 0.10% to USD 19.17 per ounce during the period ending 21:00GMT, on weak demand for industrial metals and amid broad losses in gold prices. In the Asian session, at GMT0300, Silver is trading … Continue reading →

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Gold: Yellow metal extends its losses on Fed’s stimulus outlook

Posted on May 12, 2014 by GCI Financial

Gold Movement On Friday Gold prices traded lower by 0.09% against the USD in the period ending 21:00GMT, at 1289.60 per ounce, amid broad gains in the US Dollar. Gold prices also came under pressure after the Dallas Fed President, … Continue reading →

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AUD/USD: Aussie snaps losses in the Asian trading hours

Posted on May 12, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.15% against the USD to close at 0.9356. LME Copper prices rose 1.2% or $79.5/MT to $6770.0/MT. Aluminium prices edged up marginally by $0.5/MT to $1718.0/MT. In the Asian session, at GMT0300, the … Continue reading →

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