Daily Archives: June 12, 2014

Crude Oil: EIA reported a more than expected fall in the US weekly crude inventories

Posted on June 12, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.17% against the USD for the 24 hour period ending 23:00GMT, closing at 104.47, as the Energy Information Administration (EIA), in its weekly report, indicated that US crude stockpiles fell 2.6 million barrels … Continue reading →

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Silver: Silver pares its gains in the Asian session

Posted on June 12, 2014 by GCI Financial

Silver Movement Silver prices rose marginally to USD 19.20 per ounce during the 24 hours ending 23:00GMT, amid strong demand by industrial units. In the Asian session, at GMT0300, Silver is trading at 19.19, slightly lower from yesterday’s close. Silver … Continue reading →

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Gold: Precious metal trading marginally lower this morning, following yesterday’s rise

Posted on June 12, 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 1261.10 per ounce, as risk-appetite among traders reduced following a decline in the global equity markets and after the World Bank … Continue reading →

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AUD/USD: Australian employment unexpectedly fell in May while unemployment rate stood pat at 5.8%

Posted on June 12, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.10% against the USD to close at 0.9381. LME Copper prices eased 0.1% or $6.0/MT to $6689.5/MT. Aluminium prices shed 1.6% or $29.5/MT to $1835.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading a tad higher ahead of Canada’s housing price and US retail sales data

Posted on June 12, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.30% against the CAD to close at 1.0867, amid broad gains in commodity prices. In a noteworthy event, Moody’s Investors Service slashed its “Stable” outlook on some of … Continue reading →

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USD/CHF: Swiss Franc converging with its MA’s

Posted on June 12, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.8999. In the Asian session, at GMT0300, the pair is trading at 0.8995, with the USD trading marginally lower from yesterday’s … Continue reading →

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USD/JPY: Yen trading modestly lower in the Asian session

Posted on June 12, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.31% against the JPY and closed at 101.98. Yesterday, reports indicated that the BoJ policymakers would consider maintaining a large balance sheet even after the world’s third largest … Continue reading →

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GBP/USD: Pound extends its yesterday’s gains on the back of strong UK employment data

Posted on June 12, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.21% against the USD and closed at 1.6790, as the ILO unemployment rate in the UK economy fell more than economists’ expectation to 6.6%, the lowest level in … Continue reading →

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EUR/USD: ECB should consider QE options and make it available for further use, opines ECB’s Ardo Hansson

Posted on June 12, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.10% against the USD and closed at 1.3533, as dovish comments by few top ECB policymakers weighed on traders’ risk-taking appetite. An ECB policymaker, Ardo Hansson, opined that … Continue reading →

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