USD/CHF: Swiss producer and import prices fell unexpectedly in April

Posted on May 16, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 0.8907, as the latter lost ground after data showed that the Swiss producer and import price index fell by 0.3% (MoM) … Continue reading →

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USD/JPY: Japan’s industrial production rose in March

Posted on May 16, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.29% against the JPY and closed at 101.54, as the latest batch of soft economic releases from the Euro-zone economy lured investors to take refuge under the safe-haven … Continue reading →

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GBP/USD: No interest rate hike until the UK economy is well able to withstand it, says BoE’s Broadbent

Posted on May 16, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP 0.16% against the USD and closed at 1.6794. On Thursday, BoE’s Ben Broadbent acknowledged the fact that growth in the UK economy has gained momentum but at the same … Continue reading →

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EUR/USD: Euro-zone GDP failed to meet market estimates while consumer prices came at par with consensus

Posted on May 16, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR ended the day flat against the USD and closed at 1.3715, giving back its initial losses, triggered by downbeat Euro-zone GDP data. Data showed that the annualized preliminary Euro-zone’s … Continue reading →

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Crude Oil: EIA reported a 900,000 barrels rise in the US crude supplies in the previous week

Posted on May 15, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.09% against the USD for the 24 hour period ending 23:00GMT, closing at 101.94, after the Energy Information Administration (EIA) reported that inventories at the Cushing, Oklahoma, delivery point fell the 14th time … Continue reading →

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Silver: Physical demand for silver rose 13.0% to a record high level in 2013, shows a survey report

Posted on May 15, 2014 by GCI Financial

Silver Movement Silver prices rose 1.18% to USD 19.79 per ounce during the 24 hours ending 23:00GMT, after an industry report showed that physical silver demand rose 13.0% to reach a record-high level of 1,081.1 million ounces in 2013. In … Continue reading →

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Gold: Precious metal reverses its direction in the Asian session

Posted on May 15, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.85% against the USD in the 24 hour period ending 23:00GMT, at 1305.40 per ounce, as a decline in the US equity markets and a broad weakness in the US Dollar bolstered the … Continue reading →

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AUD/USD: Aussie pares its gains against the US Dollar in the Asian session

Posted on May 15, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.13% against the USD to close at 0.9374. LME Copper prices rose 1.3% or $92.0/MT to $6976.5/MT. Aluminium prices advanced 1.1% or $18.5/MT to $1757.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie extends its gains in the morning session

Posted on May 15, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CAD to close at 1.0889. The Canadian Dollar posted gains yesterday, on the back of rise in commodity prices. Meanwhile, on the economic front, the … Continue reading →

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

Posted on May 15, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.8897. In economic news, the ZEW survey on the economic expectations for the Swiss economy gained by 0.4 points to reach … Continue reading →

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USD/JPY: Japan’s GDP rose faster than market expectations in the first quarter

Posted on May 15, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.39% against the JPY and closed at 101.84, as escalating tensions in Ukraine bolstered the demand-prospect of the safe-haven Japanese Yen. In a noteworthy development, Fitch Ratings affirmed … Continue reading →

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