AUD/USD: Aussie trading flat amid lack of Australian economic releases

Posted on May 19, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened marginally against the USD to close at 0.9365. LME Copper prices edged up marginally by $1.0/MT to $ 6950.0/MT. Aluminium prices declined 1.2% or $21.5/MT to $1731.5/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Loonie trading higher in a holiday-thin trading session

Posted on May 19, 2014 by GCI Financial

USDCAD Movement On Friday, the USD declined marginally against the CAD to close at 1.0870. In economic news, the Statistics Canada reported that foreign investors reduced their holdings in Canadian securities by C$1.23 billion while Canadian investors purchased C$7.88 billion … Continue reading →

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

Posted on May 19, 2014 by GCI Financial

USDCHF Movement On Friday, the USD rose 0.15% against the CHF and closed at 0.8920. In the Asian session, at GMT0300, the pair is trading at 0.8914, with the USD trading 0.07% lower from Friday’s close. The pair is expected … Continue reading →

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USD/JPY: Yen snaps gains in the morning session

Posted on May 19, 2014 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.08% against the JPY and closed at 101.46. In the Asian session, at GMT0300, the pair is trading at 101.59, with the USD trading 0.13% higher from Friday’s close. Early morning, Japan’s Cabinet … Continue reading →

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GBP/USD: UK’s booming housing market pose the biggest risk to the nation’s recovery, warns BoE Governor, Carney

Posted on May 19, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP rose 0.17% against the USD and closed at 1.6822. Late Saturday, the Bank of England (BoE) Governor, Mark Carney, citing large increase in the nation’s mortgage level, cautioned that the Britain’s housing market posed the … Continue reading →

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EUR/USD: Interest rates to remain low in the Euro-zone, indicates ECB’s Coeure

Posted on May 19, 2014 by GCI Financial

EURUSD Movement On Friday, EUR declined 0.14% against the USD and closed at 1.3696, as the latter advanced following the release of strong housing data from the US economy. Data from the world’s largest economy showed that the US building … Continue reading →

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Crude Oil: IEA projects a growth in global oil demand for 2014

Posted on May 16, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.33% against the USD for the 24 hour period ending 23:00GMT, closing at 101.60, as traders continued to mull the EIA’s latest weekly report that showed crude stockpiles in the US expanded as … Continue reading →

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Silver: White metal continues to trade lower in the morning trading hours

Posted on May 16, 2014 by GCI Financial

Silver Movement Silver prices declined 1.42% to USD 19.51 per ounce during the 24 hours ending 23:00GMT, paring its yesterday’s gains on the back of strong demand-outlook. In the Asian session, at GMT0300, Silver is trading at 19.50, slightly lower … Continue reading →

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

Posted on May 16, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.71% against the USD in the 24 hour period ending 23:00GMT, at 1296.10 per ounce, as the latest batch of strong employment and inflation data from the US economy dampened the safe-haven appeal … Continue reading →

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AUD/USD: Aussie reverses its losses in the morning session

Posted on May 16, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.15% against the USD to close at 0.9360. LME Copper prices declined 0.4% or $27.5/MT to $6949.0/MT. Aluminium prices fell 0.3% or $4.5/MT to $1753.0/MT. In the Asian … Continue reading →

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USD/CAD: Interest rates to remain relatively low for a prolonged time, says BoC’s Lawrence Schembri

Posted on May 16, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CAD to close at 1.0873. In Canada, the Bank of Canada (BoC) Deputy Governor, Lawrence Schembri, indicated that, in order to push inflation upward to … Continue reading →

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