Daily Archives: June 17, 2014

Crude Oil: Crude trading lower amid easing concerns on supply-outlook

Posted on June 17, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.66% against the USD for the 24 hour period ending 23:00GMT, closing at 106.70, as traders booked profits amid bets that the recent gains in oil prices were overdone. Additionally, concerns over the … Continue reading →

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Silver: White metal continues to trade lower this morning

Posted on June 17, 2014 by GCI Financial

Silver Movement Silver prices declined 0.25% to USD 19.68 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices. Yesterday, reports from Indian showed that the Indian Government hiked tariff on imports of gold and silver to … Continue reading →

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Gold: Yellow metal extends its losses amid profit-taking

Posted on June 17, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.44% against the USD in the 24 hour period ending 23:00GMT, at 1272.70 per ounce, amid profit taking. Adding to the negative sentiment, Indian Government decided to hike import tariff on gold and … Continue reading →

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AUD/USD: Current monetary policy stance appropriate for the Australian economy, indicated RBA’s minutes

Posted on June 17, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened marginally against the USD to close at 0.9398. LME Copper prices advanced 1.0% or $63.5/MT to $6735.0/MT. Aluminium prices edged up 0.1% or $1.0/MT to $1802.0/MT. In the … Continue reading →

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USD/CAD: Loonie showing convergence with its MA’s

Posted on June 17, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.0846. On the economic front, sales of existing homes in Canada jumped 5.9% in May, its largest month-over-month increase in nearly … Continue reading →

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USD/CHF: Swiss Franc trading modestly lower in the Asian session

Posted on June 17, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CHF and closed at 0.8971. In the Asian session, at GMT0300, the pair is trading at 0.8983, with the USD trading 0.13% higher from yesterday’s … Continue reading →

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USD/JPY: Japan economy to continue its moderate pace of recovery, projects BoJ

Posted on June 17, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.17% against the JPY and closed at 101.83. Yesterday, the BoJ, in its monthly economic survey, reiterated its outlook for the Japanese economy to recover at a moderate … Continue reading →

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GBP/USD: Pound trading lower ahead of UK consumer inflation data

Posted on June 17, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.6980, amid mounting speculation for an earlier-than-expected interest rate hike in the UK economy. In the Asian session, at GMT0300, the … Continue reading →

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EUR/USD: Euro pares its gains in the Asian session

Posted on June 17, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.31% against the USD and closed at 1.3574, as the latter declined after the IMF, citing a harsh winter in the US, slashed its growth-outlook on the world’s … Continue reading →

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