Monthly Archives: May 2014

USD/CAD: Canadian economy unexpectedly lost 28,900 jobs in April, reports Statistics Canada

Posted on May 12, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.62% against the CAD to close at 1.0899 after the Canadian economy surprisingly lost 28,900 jobs in April, following a big gain of 42,900 in March and compared to analysts’ call for an … Continue reading →

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USD/CHF: Swiss Franc trading marginally lower ahead of Switzerland’s real retail sales data

Posted on May 12, 2014 by GCI Financial

USDCHF Movement On Friday, the USD rose 0.76% against the CHF and closed at 0.8869. In the Asian session, at GMT0300, the pair is trading at 0.8872, with the USD trading a tad higher from Friday’s close. The pair is … Continue reading →

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USD/JPY: Yen continues to trade lower in the morning session

Posted on May 12, 2014 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 0.18% against the JPY and closed at 101.79. On the economic front, Japan’s leading economic index fell more-than-expected to a 12-month low reading of 106.5 in March while its coincident index improved to … Continue reading →

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GBP/USD: Pound trading slightly higher amid lack of economic releases in the UK economy

Posted on May 12, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.49% against the USD and closed at 1.6849, as traders reacted negatively to the recent batch of mixed economic releases from the UK economy and following recent encouraging comments on the US economy by … Continue reading →

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EUR/USD: Euro trading flat ahead of few planned speeches by the ECB officials

Posted on May 12, 2014 by GCI Financial

EURUSD Movement On Friday, the EUR declined 0.61% against the USD and closed at 1.3755, extending its previous day’s losses on the back of the ECB President, Mario Draghi’s comments on loose monetary policy. In the Euro-zone, an ECB Governing … Continue reading →

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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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