Monthly Archives: May 2014

Silver: White metal snaps gains in the Asian session

Posted on May 6, 2014 by GCI Financial

Silver Movement Silver prices rose 0.18% to USD 19.59 per ounce during the 24 hours ending 23:00GMT, amid strong demand for safe-haven assets. In the Asian session, at GMT0300, Silver is trading at 19.54, 0.26% lower from yesterday’s close. Silver … Continue reading →

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Gold: Precious metal pares its gains in the Asian trading hours

Posted on May 6, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.70% against the USD in the 24 hour period ending 23:00GMT, at 1310.50 per ounce, as escalating violence in Ukraine along with soft economic data from China and the US lured investors towards … Continue reading →

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AUD/USD: RBA kept its interest rate unchanged at 2.5% at its May policy meeting

Posted on May 6, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD ended the day flat against the USD to close at 0.9278. Yesterday, building permits in Australia fell 3.5% (MoM) in March, its fifth monthly fall in the past six … Continue reading →

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USD/CAD: Loonie trading marginally higher with focus on Canada’s trade balance data

Posted on May 6, 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 1.0960. In the Asian session, at GMT0300, the pair is trading at 1.0958, with the USD trading a tad lower from … Continue reading →

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USD/CHF: Swiss Franc trading a tad higher amid lack of economic releases from Switzerland

Posted on May 6, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.8778. In economic news, the UBS reported that its index, measuring the risks in Switzerland’s real estate market, fell for the … Continue reading →

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USD/JPY: Yen trading higher ahead of the release of the BoJ’s minutes

Posted on May 6, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.09% against the JPY and closed at 102.15. The Japanese Yen gained ground as lacklustre manufacturing PMI data from China and escalating violence in Ukraine spurred demand for … Continue reading →

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GBP/USD: Pound trading marginally higher this morning, following a long-weekend

Posted on May 6, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell marginally against the USD and closed at 1.6868, in a subdued trading session on account of Early May Bank holiday in the UK. In the Asian session, at … Continue reading →

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EUR/USD: European Commission maintained its 2014 growth forecast for the Euro-zone economy but slashed its 2015 growth estimates

Posted on May 6, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose marginally against the USD and closed at 1.3876, ahead of a busy week. In the Euro-zone, the European Commission maintained its 2014 growth-projection for the economy at 1.2% … Continue reading →

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Crude Oil: Crude trading higher, following yesterday’s drop

Posted on May 2, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.47% against the USD for the 24 hour period ending 23:00GMT, closing at 99.29, as a lacklustre Chinese manufacturing PMI data and easing supply concerns in the US and Libya triggered a fall … Continue reading →

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Silver: Silver trading lower in the morning session

Posted on May 2, 2014 by GCI Financial

Silver Movement Silver prices declined 0.96% to USD 19.06 per ounce during the 24 hours ending 23:00GMT, as improving growth-outlook of the US economy and a decline in demand for industrial metals weighed on the demand outlook of the white … Continue reading →

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Gold: Precious metal continues to lose its shine in the Asian session

Posted on May 2, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.63% against the USD in the 24 hour period ending 23:00GMT, at 1284.30 per ounce, as the latest batch of upbeat economic data from the US weighed on the safe-haven appeal of the … Continue reading →

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