Monthly Archives: May 2014

Silver: White metal extends its losses in the Asian session

Posted on May 29, 2014 by GCI Financial

Silver Movement Silver prices declined 0.13% to USD 19.04 per ounce during the 24 hours ending 23:00GMT, amid easing concerns over Ukraine crisis. In the Asian session, at GMT0300, Silver is trading at 19.03, 0.08% lower from yesterday’s close. Silver … Continue reading →

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Gold: Precious metal trading lower amid soft demand for safe-haven assets

Posted on May 29, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.41% against the USD in the 24 hour period ending 23:00GMT, at 1258.90 per ounce, extending its previous day’s losses amid mounting speculation that the newly elected Ukraine-President, Petro Poroshenko, would strive towards … Continue reading →

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AUD/USD: Aussie snaps losses on the back of upbeat spending outlook

Posted on May 29, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.30% against the USD to close at 0.9233. LME Copper prices edged up 0.2% or $15.0/MT to $7035.0/MT. Aluminium prices rose 1.4% or $24.0/MT to $1801.5/MT. In the … Continue reading →

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USD/CAD: Loonie pares its losses in the Asian trading hours

Posted on May 29, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CAD to close at 1.0871, amid lack of economic releases from the Canadian economy. In the Asian session, at GMT0300, the pair is trading at … Continue reading →

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USD/JPY: Japan would take more than 2 years to achieve 2.0% inflation target, opines BoJ’s Sayuri Shirai

Posted on May 29, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.22% against the JPY and closed at 101.76. In the Asian session, at GMT0300, the pair is trading at 101.70, with the USD trading 0.06% lower from yesterday’s … Continue reading →

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GBP/USD: BoE should start raising interest rate soon than later, opines BoE’s Martin Weale

Posted on May 29, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.57% against the USD and closed at 1.6714. In an interview with the Financial Times, a BoE policymaker, Martin Weale opined that the BoE should not delay in … Continue reading →

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EUR/USD: Governing Council willing to use conventional and unconventional measures to fight low-inflation, hints ECB’s Yves Mersch

Posted on May 29, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.30% against the USD and closed at 1.3594, as data showed that unemployment in Germany, the largest economy in the Euro-zone, unexpectedly rose for the first time in … Continue reading →

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Crude Oil: Crude trading higher amid ongoing geo-political tensions in Ukraine

Posted on May 28, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.14% against the USD for the 24 hour period ending 23:00GMT, closing at 104.09, on profit-taking. However, escalating violence in Ukraine and lingering concerns on Libya’s supply outlook, kept the commodity’s losses in … Continue reading →

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Silver: Silver rebounds from yesterday’s fall

Posted on May 28, 2014 by GCI Financial

Silver Movement Silver prices declined 1.90% to USD 19.07 per ounce during the 24 hours ending 23:00GMT, tracking heavy losses in gold prices. In the Asian session, at GMT0300, Silver is trading at 19.11, 0.24% higher from yesterday’s close. Silver … Continue reading →

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Gold: Gold trading below its MA’s

Posted on May 28, 2014 by GCI Financial

Gold Movement Gold prices plunged 2.17% against the USD in the 24 hour period ending 23:00GMT, at 1264.10 per ounce, as a rally in the US equity markets and the latest batch of upbeat US economic releases increased investors’ risk-taking … Continue reading →

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AUD/USD: Aussie extends its gains against the US Dollar in the morning session

Posted on May 28, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.16% against the USD to close at 0.9261. LME Copper prices rose 0.4% or $29.0/MT to $7020.0/MT. Aluminium prices declined 0.2% or $4.0/MT to $1777.5/MT. In the Asian … Continue reading →

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