Monthly Archives: May 2014

USD/JPY: BoJ could ease its stimulus measures if consumer prices surpass its 2.0% target, hints BoJ’s Kikuo Iwata

Posted on May 27, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 101.92. In economic news, the minutes from the BoJ’s 30 April policy meeting, released early Monday, showed that three of the … Continue reading →

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GBP/USD: Pound trading higher in the Asian session

Posted on May 27, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.06% against the USD and closed at 1.6842, in a holiday-thin trading session on account of a Spring Bank holiday in the UK and a Memorial Day holiday … Continue reading →

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EUR/USD: ECB to consider policy tools to counter low inflation rate at its June meeting, hints ECB President, Draghi

Posted on May 27, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.13% against the USD and closed at 1.3645, recovering from its initial losses which were triggered by ECB President’s dovish remarks and following early results from the European … Continue reading →

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

Posted on May 23, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.12% against the USD for the 24 hour period ending 23:00GMT, closing at 103.69, on profit-booking. However, earlier during the day, oil prices rose amid lingering tensions on Libya’s supply-outlook and as data … Continue reading →

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Silver: White metal reverses its upward direction in the Asian trading hours

Posted on May 23, 2014 by GCI Financial

Silver Movement Silver prices rose 0.36% to USD 19.49 per ounce during the 24 hours ending 23:00GMT, as a downbeat US jobless claims data and escalating violence in Ukraine and Thailand spurred demand for safe-haven assets. In the Asian session, … Continue reading →

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Gold: Gold extends its gains in the morning session

Posted on May 23, 2014 by GCI Financial

Gold Movement Gold prices rose marginally against the USD in the 24 hour period ending 23:00GMT, at 1293.60 per ounce, amid lingering speculation that easing of gold-imports norms by the RBI would spur additional demand for gold in India, the … Continue reading →

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AUD/USD: Aussie trading higher in the Asian session

Posted on May 23, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.21% against the USD to close at 0.9226. LME Copper prices rose 1.5% or $104.5/MT to $6945.5/MT. Aluminium prices advanced 1.8% or $31.0/MT to $1745.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading marginally higher ahead of Canada’s consumer price data

Posted on May 23, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CAD to close at 1.0892. In economic news, Canadian retail sales unexpected dropped 0.1% (MoM) to C$41.07 billion in March, following two straight months of … Continue reading →

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USD/CHF: Swiss Franc trading lower against the US Dollar amid lack of Swiss economic data

Posted on May 23, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CHF and closed at 0.8944, as traders cheered the latest batch of strong US manufacturing and housing data. In the Asian session, at GMT0300, the … Continue reading →

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USD/JPY: Japan to continue with its moderate pace of recovery, projects the BoJ’s monthly survey

Posted on May 23, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.32% against the JPY and closed at 101.77, buoyed by the recent batch of strong US manufacturing and housing data. Yesterday, the BoJ, in its monthly economic survey, … Continue reading →

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GBP/USD: UK GDP came in-line with expectations for the first quarter

Posted on May 23, 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 1.6867, as the latter benefited from a strong US manufacturing and housing data. In the UK, the BoE Governor, Mark Carney, … Continue reading →

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