Monthly Archives: June 2014

GBP/USD: Pound trading a tad higher amid a lack of major economic releases in the UK

Posted on June 9, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.06% against the USD and closed at 1.6801. On the economic front, total trade deficit of the UK widened to £2.5 billion in April from a revised deficit of £1.1 billion recorded in the … Continue reading →

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Crude Oil: Crude trading higher, benefited by Chinese strong trade balance data

Posted on June 9, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 0.33% against the USD for the period ending 21:00GMT, closing at 102.80, as strong economic releases from the US economy bolstered the demand outlook of the commodity in the world’s largest … Continue reading →

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Silver: White metal trading modestly higher, following Friday’s drop

Posted on June 9, 2014 by GCI Financial

Silver Movement On Friday, Silver prices declined 0.13% to USD 19.01 per ounce during the period ending 21:00GMT, on lingering concerns over ECB’s stimulus measures and amid a soft demand for safe-haven assets. In the Asian session, at GMT0300, Silver … Continue reading →

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Gold: Precious metal regains some lost ground in the Asian session

Posted on June 9, 2014 by GCI Financial

Gold Movement On Friday Gold prices traded marginally lower against the USD in the period ending 21:00GMT, at 1253.00 per ounce, as a strong US jobs data spurred a rally in the US equity markets and weighed on the demand … Continue reading →

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USD/CAD: Canadian unemployment rate rose unexpectedly in May

Posted on June 9, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.12% against the CAD to close at 1.0934, as the loonie came under pressure after data showed that Canada’s unemployment rate unexpectedly rose to 7.0% in May, as full-time employment fell by 29,100. … Continue reading →

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USD/CHF: Swiss Franc trading marginally higher in a holiday-thin trading session

Posted on June 9, 2014 by GCI Financial

USDCHF Movement On Friday, the USD 0.27% against the CHF and closed at 0.8938. In economic news, annual consumer inflation rate in Switzerland rose more than market expectations to 0.2% in May, for the first time since November 2013. Meanwhile … Continue reading →

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USD/JPY: BoJ stimulus measures have had an intended effect on the economy, opined BoJ’s Governor, Kuroda

Posted on June 9, 2014 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 0.13% against the JPY and closed at 102.57, as traders cheered the latest batch of strong employment data from the US economy. In economic news, Japan’s leading economic index declined by 0.5 point … Continue reading →

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EUR/USD: Fed’s forward guidance benefited economic growth in the US, opines Fed’s Jerome Powell

Posted on June 9, 2014 by GCI Financial

EURUSD Movement On Friday, the EUR declined 0.17% against the USD and closed at 1.3639, as the latter benefitted from the latest batch of strong economic releases from the US economy. Data from the US showed that jobless rate in … Continue reading →

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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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