Daily Archives: June 10, 2014

AUD/USD: Aussie continues to trade higher in the Asian session

Posted on June 10, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.16% against the USD to close at 0.9353. In a speech to bankers in the US, RBA Governor, Glenn Stevens, highlighted the need for swift sorting of regulations … Continue reading →

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Crude Oil: Crude trading above its MA’s

Posted on June 10, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices rallied 1.80% against the USD and closed at 104.51 for the 24 hour period ending 23:00GMT, buoyed by a strong Chinese trade balance data and amid speculation that a government report would show a … Continue reading →

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Silver: Silver extends its gains in the morning trading hours

Posted on June 10, 2014 by GCI Financial

Silver Movement Silver prices rose 0.18% to USD 19.05 per ounce during the 24 hours ending 23:00GMT, on industrial buying. In the Asian session, at GMT0300, Silver is trading at 19.06, slightly higher from yesterday’s close. Silver is expected to … Continue reading →

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Gold: Yellow metal trading modestly higher in the Asian session

Posted on June 10, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.11% against the USD in the 24 hour period ending 23:00GMT, at 1251.80 per ounce, as a rally in the US equity markets dented the demand for the metal as an alternate investment. … Continue reading →

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USD/CAD: Canadian housing starts rose to a seven-month high in May

Posted on June 10, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD to close at 1.0907. On the economic front, annual housing starts in Canada rose more-than-expected 0.8% to a seasonally adjusted seven-month high level of … Continue reading →

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USD/CHF: Swiss Franc steady ahead of Switzerland’s unemployment and retail sales data

Posted on June 10, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.43% against the CHF and closed at 0.8972, amid a holiday-thin trading session on account of a Whit Monday holiday in Switzerland. In the Asian session, at GMT0300, … Continue reading →

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USD/JPY: BoJ’s QQE policy having an intended effect on the economy, says BoJ Dy. Governor, Iwata

Posted on June 10, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD marginally weakened against the JPY and closed at 102.54. Yesterday, in Japan, BoJ Deputy Governor, Kikuo Iwata, echoed Governor, Haruhiko Kuroda’s view that, the central bank’s “qualitative and quantitative … Continue reading →

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GBP/USD: BoE is getting closer to raising its interest rates, indicates BoE’s Ian McCafferty

Posted on June 10, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell marginally against the USD and closed at 1.6802. In the UK, a BoE policymaker, Ian McCafferty, hinted that the central bank was inching closer to raising its interest … Continue reading →

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EUR/USD: Low and declining Euro-zone inflation is the biggest short-term problem for the economy, opines ECB’s Noyer

Posted on June 10, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.39% against the USD and closed at 1.3591, in a subdued trading session, as most of the markets in the Euro-zone were closed on account of a public … Continue reading →

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