Daily Archives: June 4, 2014

Crude Oil: API reported a more than expected drop in the US crude inventories last week

Posted on June 4, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.35% against the USD for the 24 hour period ending 23:00GMT, closing at 102.94, as a strong US factory order report and a more-than-expected fall in the American Petroleum Institute’s (API) weekly US … Continue reading →

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Silver: Silver pares its gains in the Asian session

Posted on June 4, 2014 by GCI Financial

Silver Movement Silver prices rose 0.16% to USD 18.80 per ounce during the 24 hours ending 23:00GMT, benefitting from a weakness in the US Dollar. In the Asian session, at GMT0300, Silver is trading at 18.79, slightly lower from yesterday’s … Continue reading →

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Gold: Yellow metal steady in the morning trading hours

Posted on June 4, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.28% against the USD in the 24 hour period ending 23:00GMT, at 1245.50 per ounce, as traders favoured the safe-haven metal amid a weakness in the US equity markets and the US Dollar. … Continue reading →

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AUD/USD: Australian GDP rose more than expectations in the first quarter

Posted on June 4, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.25% against the USD to close at 0.9264, as the RBA’s decided to keep its interest rate on hold at 2.5% in June. However, following the interest-rate decision, … Continue reading →

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USD/CAD: Loonie modestly lower with focus on the BoC’s interest rate decision

Posted on June 4, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CAD to close at 1.0912. In the Asian session, at GMT0300, the pair is trading at 1.0933, with the USD trading 0.19% higher from yesterday’s … Continue reading →

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USD/CHF: Swiss Franc trading lower amid lack of Swiss economic releases

Posted on June 4, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CHF and closed at 0.8966. In the Asian session, at GMT0300, the pair is trading at 0.8974, with the USD trading 0.09% higher from yesterday’s … Continue reading →

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USD/JPY: Yen trading lower in the Asian session

Posted on June 4, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.12% against the JPY and closed at 102.53. Late Tuesday, a survey poll from Reuters, showed that a strong majority of economists believed that the BoJ would expand … Continue reading →

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GBP/USD: Pound trading lower ahead of UK’s Markit service PMI data

Posted on June 4, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.6745, as traders shrugged off a drop in the UK’s construction PMI data for May. Data showed that the construction PMI … Continue reading →

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EUR/USD: Euro-zone’s unemployment and consumer inflation rate eased ahead of first-quarter GDP data

Posted on June 4, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.21% against the USD and closed at 1.3626, as Euro-zone’s unemployment rate surprisingly fell to 11.7% in April, the lowest level in 18 months. However, the annual consumer … Continue reading →

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