Monthly Archives: May 2014

USD/CAD: Loonie trading a tad higher amid lack of Canadian economic data

Posted on May 28, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.0858, as the recent batch of upbeat economic releases from the US economy increased demand of the US Dollar. In the … Continue reading →

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USD/CHF: Swiss Franc trading marginally lower ahead of the Swiss GDP data

Posted on May 28, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.20% against the CHF and closed at 0.8967, buoyed by the recent batch of strong economic releases from the world’s largest economy. Meanwhile, the Swiss Franc came under … Continue reading →

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USD/JPY: Yen reverses its direction in the Asian trading hours

Posted on May 28, 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 101.99, following the recent batch of healthy economic releases from the US economy. Meanwhile, in Japan, media reports showed that the … Continue reading →

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GBP/USD: Pound trading marginally higher in the Asian session

Posted on May 28, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.19% against the USD and closed at 1.6810, as the latest batch of encouraging economic data from the US spurred demand for the greenback. Meanwhile, in the UK, … Continue reading →

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EUR/USD: Euro trading slightly higher ahead of Euro-zone’s consumer and business confidence data

Posted on May 28, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.3635, as the latter received a boost from the latest batch of upbeat US economic releases. Data from the US showed … Continue reading →

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Crude Oil: Crude trading higher amid concerns on supply outlook

Posted on May 27, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined marginally against the USD for the 24 hour period ending 23:00GMT, closing at 104.24. However, losses in crude oil prices were kept in check as fresh concerns on the supply outlook of the … Continue reading →

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Silver: White metal converging with its MA’s

Posted on May 27, 2014 by GCI Financial

Silver Movement Silver prices ended flat against the USD, closing at 19.44 per ounce, during the 24 hours ending 23:00GMT, in a subdued holiday trading session. In the Asian session, at GMT0300, Silver is trading at 19.40, 0.21% lower from … Continue reading →

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Gold: Yellow metal extends its gains on Ukraine tensions

Posted on May 27, 2014 by GCI Financial

Gold Movement Gold prices edged up marginally against the USD in the 24 hour period ending 23:00GMT, at 1292.20 per ounce, as traders digested the election victory of the pro-West Ukraine President, Petro Poroshenko amid tensions with Russia. In the … Continue reading →

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AUD/USD: Aussie extends its upward direction in the morning trading hours

Posted on May 27, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.10% against the USD to close at 0.9246, in a quiet trading session. LME Copper prices declined 0.4% or $30.0/MT to $6991.0/MT. Aluminium prices rose 0.3% or $5.5/MT … Continue reading →

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USD/CAD: Loonie continues to trade higher against its US counterpart in the Asian session

Posted on May 27, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CAD to close at 1.0857, reversing its Friday’s losses triggered by a slowdown in Canada’s month-on-month consumer inflation rate. In the Asian session, at GMT0300, … Continue reading →

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USD/CHF: Swiss Franc trading higher ahead of key Swiss economic releases

Posted on May 27, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.09% against the CHF and closed at 0.8949. In the Asian session, at GMT0300, the pair is trading at 0.8943, with the USD trading 0.07% lower from yesterday’s … Continue reading →

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