Monthly Archives: December 2014

Crude Oil: Global oil supply glut continues to pressurise oil prices

Posted on December 30, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 2.65% against the USD for the 24 hour period ending 23:00GMT, closing at 53.63, amid speculations that crude oil stockpiles in the US would continue to remain elevated. Additionally, oil prices further came … Continue reading →

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Silver: White metal reverses its losses in the Asian session

Posted on December 30, 2014 by GCI Financial

Silver Movement Silver prices declined 1.71% to USD 15.83 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices. In the Asian session at 4:00GMT, silver is trading at USD 15.83 per ounce, marginally higher, from 23:00GMT. … Continue reading →

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Gold: Yellow metal gains ground this morning

Posted on December 30, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 1.04% against the USD in the 24 hour period ending 23:00GMT, at 1183.50 per ounce, amid a broad strength in the greenback. Meanwhile, holdings in the SPDR Gold Trust, the largest exchange-traded product … Continue reading →

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AUD/USD: Aussie reversing its gains in the Asian session

Posted on December 30, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.21% against the USD to close at 0.8136. LME Copper prices declined 0.5% or $29.0/MT to $ 6332.0/MT. Aluminium prices declined 0.4% or $6.5/MT to $ 1827.5/MT. In … Continue reading →

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USD/CAD: Loonie trading above its MAs

Posted on December 30, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD to close at 1.1646. In the Asian session, at GMT0400, the pair is trading at 1.1646, with the USD trading flat from yesterday’s close. … Continue reading →

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USD/CHF: UBS Swiss consumption indicator dropped in November

Posted on December 30, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.20% against the CHF and closed at 0.9897. The Swiss Franc lost ground after data indicated that Switzerland’s consumption indicator declined to 1.29 in November from 1.32 in … Continue reading →

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USD/JPY: Japanese Yen trading on an upward trend this morning

Posted on December 30, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.24% against the JPY and closed at 120.68. According to Japan’s ruling Liberal Democratic Party’s tax revision proposal, the corporate-tax rate in the nation should go down by … Continue reading →

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GBP/USD: British Pound reverses its losses in the Asian session

Posted on December 30, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.29% against the USD and closed at 1.5514. Yesterday, the BoE’s Chief Economist Andy Haldane indicated that the central bank has formed a special taskforce to keep a … Continue reading →

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EUR/USD: Euro weighed down by snap elections in Greece

Posted on December 30, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.18% against the USD and closed at 1.2155, as investor sentiment was dented after Greece’s Prime Minister Antonis Samaras was unsuccessful in his third and final attempt to … Continue reading →

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Crude Oil: Conflicts in Libya causes oil prices to rebound this morning

Posted on December 29, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices declined 1.51% against the USD for the period ending 21:00GMT, closing at 54.90, amid persistent worries about global supply glut and weak demand. Last week, the EIA reported that crude stockpiles rose … Continue reading →

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Silver: White metal extends its gains in the Asian session

Posted on December 29, 2014 by GCI Financial

Silver Movement On Friday, Silver prices rose 1.39% to USD 16.05 per ounce during the period ending 21:00GMT, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 16.115, with silver trading 0.44% higher … Continue reading →

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