Monthly Archives: May 2014

Crude Oil: US crude inventories fell by 10.3 million barrels last week, indicates API

Posted on May 21, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.31% against the USD for the 24 hour period ending 23:00GMT, closing at 102.88, after the American Petroleum Institute (API) reported that the US crude supplies dropped by 10.3 million barrels for the … Continue reading →

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Silver: White metal trading above its MA’s

Posted on May 21, 2014 by GCI Financial

Silver Movement Silver prices rose 0.31% to USD 19.42 per ounce during the 24 hours ending 23:00GMT, taking cues from gains in the prices of yellow metal. In the Asian session, at GMT0300, Silver is trading at 19.48, 0.31% higher … Continue reading →

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Gold: Gold extends its upward direction in the Asian session

Posted on May 21, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.12% against the USD in the 24 hour period ending 23:00GMT, at 1295.00 per ounce, as a decline in the US equity markets bolstered demand for the metal as an alternate investment. Positive … Continue reading →

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USD/CAD: Loonie trading flat amid lack of Canadian economic releases

Posted on May 21, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CAD to close at 1.0910, as the latter came under pressure after data showed that wholesale sales in Canada unexpectedly declined 0.4% (MoM) in March. … Continue reading →

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USD/CHF: Swiss Franc extends its gains in the morning session

Posted on May 21, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.8920. Yesterday, the SNB President, Thomas Jordan, citing the need for the alleviation of the “too-big-to-fail” issue, stated that the Swiss … Continue reading →

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USD/JPY: BoJ kept its monetary stance intact at its policy meeting today

Posted on May 21, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.19% against the JPY and closed at 101.31. Yesterday, in Japan, an ex-BoJ economist, Hideo Hayakawa cautioned that the next policy action by the BoJ should be tapering … Continue reading →

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GBP/USD: UK’s April consumer prices accelerated more than market expectations for the first time in 10 months

Posted on May 21, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.13% against the USD and closed at 1.6836 after data showed that UK consumer inflation rate rose for the first time in 10 months to an annual rate … Continue reading →

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EUR/USD: ECB ready to deploy “non-traditional” monetary measures if deflation risks materialise, indicates ECB’s Liikanen

Posted on May 21, 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 1.3699, as risk appetite among traders declined after data showed that producer prices in Germany, the largest economy in the Euro-zone, … Continue reading →

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AUD/USD: Weakness in capital inflows to Australia could trigger a depreciation in the Aussie, opines RBA’s Guy Debelle

Posted on May 20, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.42% against the USD to close at 0.9328. LME Copper prices rose 0.8% or $59.0/MT to $7009.0/MT. Aluminium prices declined 0.4% or $7.0/MT to $1724.5/MT. In the Asian … Continue reading →

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Crude Oil: Crude continues to trade higher in the Asian session

Posted on May 20, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.50% against the USD for the 24 hour period ending 23:00GMT, closing at 102.54, buoyed by a weakness in the US Dollar. Meanwhile, concerns on the supply-outlook of the commodity from Libya and … Continue reading →

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Silver: White metal pares its gains in the morning trading hours

Posted on May 20, 2014 by GCI Financial

Silver Movement Silver prices rose 0.16% to USD 19.36 per ounce during the 24 hours ending 23:00GMT, tracking gains in prices of gold and amid a weaker US Dollar. In the Asian session, at GMT0300, Silver is trading at 19.36, … Continue reading →

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