Monthly Archives: May 2014

AUD/USD: Aussie pares losses following upbeat producer price data from Australia

Posted on May 2, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.12% against the USD to close at 0.9272. In economic news, the Reserve Bank of Australia’s (RBA) index of commodity prices fell to a new four-year low in … Continue reading →

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USD/CAD: Loonie reverses its direction in the morning trading session

Posted on May 2, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.0966. The Canadian Dollar came under pressure after the RBC Canadian manufacturing purchasing managers’ index eased to a seasonally adjusted reading … Continue reading →

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USD/CHF: Swiss Franc trading tad lower ahead of the Swiss SVME PMI data

Posted on May 2, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CHF and closed at 0.8793, in a subdued holiday trading session. In the Asian session, at GMT0300, the pair is trading at 0.8797, with the … Continue reading →

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USD/JPY: Unemployment rate in Japan stood pat at 3.6% in March

Posted on May 2, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.06% against the JPY and closed at 102.31, following strong US ISM manufacturing PMI and consumer spending data. Yesterday, an industry report revealed that the vehicle deliveries last … Continue reading →

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GBP/USD: UK manufacturing PMI rose at the fastest pace since November 2013 in April

Posted on May 2, 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 1.6890, after Markit PMI for the UK manufacturing sector rose more than market expectations to a reading of 57.3 in April, … Continue reading →

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EUR/USD: Euro trading lower ahead of Euro-zone’s unemployment rate and Markit manufacturing PMI data

Posted on May 2, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined marginally against the USD and closed at 1.3869, in a quiet holiday trading session. However, later during the day, the US Dollar benefitted from data that showed the … Continue reading →

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Crude Oil: US crude inventories extends its record high level, reports EIA

Posted on May 1, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.92% against the USD for the 24 hour period ending 23:00GMT, closing at 99.76, as a soft first-quarter US GDP data fuelled concerns on the demand prospects of the commodity in the nation … Continue reading →

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Silver: Silver trading below its MA’s

Posted on May 1, 2014 by GCI Financial

Silver Movement Silver prices declined 1.28% to USD 19.25 per ounce during the 24 hours ending 23:00GMT, tracking losses in the prices of gold. In the Asian session, at GMT0300, Silver is trading at 19.15, 0.49% lower from yesterday’s close. … Continue reading →

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Gold: Yellow metal extends its fall following Fed’s $10 billion taper

Posted on May 1, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.24% against the USD in the 24 hour period ending 23:00GMT, at 1292.50 per ounce, after the Fed, citing the growth momentum in the US economy, announced its decision to slash its monthly … Continue reading →

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AUD/USD: Aussie trading higher in the Asian session

Posted on May 1, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.15% against the USD to close at 0.9283. LME Copper prices declined 0.7% or $46.0/MT to $6724.0/MT. Aluminium prices fell 0.6% or $10.0/MT to $1769.5/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s GDP came in line with economists’ projections for February

Posted on May 1, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CAD to close at 1.0965, benefitting from a strong US ADP employment data and the Fed’s decision to taper its QE package by $10 billion. … Continue reading →

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