Monthly Archives: May 2014

Gold: Precious metal continues to shine in the Asian session

Posted on May 20, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.19% against the USD in the 24 hour period ending 23:00GMT, at 1293.50 per ounce, amid a broad weakness in the US Dollar and on speculation that the newly formed government in India … Continue reading →

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USD/CAD: Loonie extends its downward direction in the Asian session

Posted on May 20, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CAD to close at 1.0874, in a subdued trading session, on account of Victoria Day holiday in Canada. In the Asian session, at GMT0300, the … Continue reading →

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USD/CHF: Swiss Franc trading marginally higher against its US counterpart in the morning

Posted on May 20, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.8923. In the Asian session, at GMT0300, the pair is trading at 0.8920, with the USD trading a tad lower from … Continue reading →

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USD/JPY: Japanese economy reacted as expected to the April sales-tax hike, says Japan’s Vice Economy Minister, Nishimura

Posted on May 20, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 101.50. Late Monday, Japan’s Vice Economy Minister, Yasutoshi Nishimura hinted that the Japanese economy is on track as the markets have … Continue reading →

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GBP/USD: Pound trading a tad higher ahead of UK’s consumer inflation data

Posted on May 20, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.06% against the USD and closed at 1.6814, as traders mulled the BoE Governor, Mark Carney’s comments, made during the weekend, that the booming housing sector in the … Continue reading →

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EUR/USD: Inflation in the Euro-zone to remain low for an extended period of time, indicate few ECB’s officials

Posted on May 20, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.09% against the USD and closed at 1.3709. However, the gains in the Euro-zone’s shared currency were capped after the ECB policymakers, Yves Mersch and Ewald Nowotny projected … Continue reading →

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Crude Oil: Crude continues to trade higher amid concern on supply-outlook

Posted on May 19, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 0.53% against the USD for the period ending 21:00GMT, closing at 102.14, as fresh concerns on the supply-outlook of oil were fuelled after rebels again shut Libya’s El Feel oilfield and … Continue reading →

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Silver: White metal trading higher this morning, following Friday’s losses

Posted on May 19, 2014 by GCI Financial

Silver Movement On Friday, Silver prices declined 0.69% to USD 19.37 per ounce during the period ending 21:00GMT, tracking losses in gold prices. In the Asian session, at GMT0300, Silver is trading at 19.45, 0.39% higher from Friday’s close. Silver … Continue reading →

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Gold: Yellow metal pares its losses in the Asian session

Posted on May 19, 2014 by GCI Financial

Gold Movement On Friday Gold prices traded lower by 0.20% against the USD in the period ending 21:00GMT, at 1293.50 per ounce, amid mixed batch of economic releases from the US, the world’s largest economy. Gold prices also came under … Continue reading →

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AUD/USD: Aussie trading flat amid lack of Australian economic releases

Posted on May 19, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened marginally against the USD to close at 0.9365. LME Copper prices edged up marginally by $1.0/MT to $ 6950.0/MT. Aluminium prices declined 1.2% or $21.5/MT to $1731.5/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Loonie trading higher in a holiday-thin trading session

Posted on May 19, 2014 by GCI Financial

USDCAD Movement On Friday, the USD declined marginally against the CAD to close at 1.0870. In economic news, the Statistics Canada reported that foreign investors reduced their holdings in Canadian securities by C$1.23 billion while Canadian investors purchased C$7.88 billion … Continue reading →

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