Daily Archives: June 6, 2014

Crude Oil: Crude trading marginally higher in the morning session

Posted on June 6, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.20% against the USD for the 24 hour period ending 23:00GMT, closing at 102.46, paring its initial losses, triggered by easing supply concerns on crude oil. Yesterday, reports revealed that Libya’s output expanded … Continue reading →

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Silver: White metal extends its gains in the Asian session

Posted on June 6, 2014 by GCI Financial

Silver Movement Silver prices rose 1.33% to USD 19.04 per ounce during the 24 hours ending 23:00GMT, following ECB’s decision to cut its key interest rates and introduce a new stimulus package in order to ward off deflation threats in … Continue reading →

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Gold: Yellow metal continues to shine on the back of ECB’s policy decision

Posted on June 6, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.76% against the USD in the 24 hour period ending 23:00GMT, at 1253.40 per ounce, as the ECB slashed its deposit rate to a negative 0.10% and unveiled new stimulus measures to encourage … Continue reading →

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AUD/USD: Aussie trading above its MA’s

Posted on June 6, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.59% against the USD to close at 0.9332. LME Copper prices declined 0.5% or $35.0/MT to $6800.0/MT. Aluminium prices rose 1.8% or $32.0/MT to $1828.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie edges down ahead of Canadian employment data

Posted on June 6, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.23% against the CAD to close at 1.0921. On the economic front, building permits in Canada rose 1.1% (MoM) for the first time in three months in April … Continue reading →

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USD/CHF: Swiss Franc steady ahead of Switzerland’s consumer inflation data

Posted on June 6, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.64% against the CHF and closed at 0.8914, following the release of a lacklustre US weekly jobless claims data. In the Asian session, at GMT0300, the pair is … Continue reading →

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USD/JPY: Yen trading a tad higher ahead of Japan’s leading economic and coincident index data

Posted on June 6, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.25% against the JPY and closed at 102.43, as weekly jobless claims in the US economy rose more than economists’ estimates in the previous week. In the Asian … Continue reading →

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GBP/USD: BoE keeps its monetary policy unaltered for another month in June

Posted on June 6, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.44% against the USD and closed at 1.6811, as the BoE held its interest rate at a record-low 0.5% and kept its £375 billion bond-buying programme intact at … Continue reading →

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EUR/USD: ECB slashed its key interest rates and introduced fresh stimulus measures for banks at its June policy meeting

Posted on June 6, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.45% against the USD and closed at 1.3662, reversing its earlier losses which were triggered by ECB’s decision to ease its monetary policy further. The ECB, at its … Continue reading →

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