AUD/USD: Aussie trading higher in the Asian session

Posted on May 1, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.15% against the USD to close at 0.9283. LME Copper prices declined 0.7% or $46.0/MT to $6724.0/MT. Aluminium prices fell 0.6% or $10.0/MT to $1769.5/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Canada’s GDP came in line with economists’ projections for February

Posted on May 1, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CAD to close at 1.0965, benefitting from a strong US ADP employment data and the Fed’s decision to taper its QE package by $10 billion. … Continue reading →

Posted in USD/CAD | Comments Off

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

Posted on May 1, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CHF and closed at 0.8802, as a downbeat US GDP data for the first quarter disappointed market sentiment. On the economic front, the UBS consumption … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Central bank would not hesitate to alter its policy if risks materialise, says BoJ’s Governor, Kuroda

Posted on May 1, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.38% against the JPY and closed at 102.25, following a lacklustre US first-quarter GDP data. Yesterday, following the BoJ’s decision to keep its monetary policy intact, the bank’s … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: UK Pound trading tad higher ahead of a slew of UK economic releases

Posted on May 1, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.30% against the USD and closed at 1.6876 as the latter declined following the release of a soft US GDP data for the first-quarter. In the UK, BoE’s … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Fed continues tapering despite soft US GDP

Posted on May 1, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.42% against the USD and closed at 1.3870. The US Dollar lost ground after data showed that annualised GDP in the US rose 0.1% in the first quarter, … Continue reading →

Posted in EUR/USD | Comments Off

Crude Oil: Crude trading lower amid lingering geopolitical tensions

Posted on April 30, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.13% against the USD for the 24 hour period ending 23:00GMT, closing at 100.69, However, losses in crude oil prices were limited as concerns on the supply outlook of the commodity rose after … Continue reading →

Posted in Crude Oil | Comments Off

Silver: White metal extends its fall in the Asian session

Posted on April 30, 2014 by GCI Financial

Silver Movement Silver prices declined 0.61% to USD 19.50 per ounce during the 24 hours ending 23:00GMT, amid a broad decline in the prices of industrial metals. Yesterday, a leading research firm projected silver prices to decline 14% and average … Continue reading →

Posted in Silver | Comments Off

Gold: Yellow metal trading tad lower ahead of the Fed’s decision on US monetary policy

Posted on April 30, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1295.60 per ounce, as traders awaited the outcome of the US Fed two-day policy meeting that concludes today. Meanwhile, a rally … Continue reading →

Posted in Gold | Comments Off

AUD/USD: Aussie extends its upward direction in the morning trading hours

Posted on April 30, 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 0.9269. LME Copper prices fell 0.2% or $12.0/MT to $6770.0/MT. Aluminium prices shed 1.2% or $21.0/MT to $1779.5/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: BoC Governor projects slowdown in Canada’s export sector to continue for several years

Posted on April 30, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.69% against the CAD to close at 1.0949. Yesterday, the BoC Governor, Stephen Poloz, in his testimony before the Commons Finance Committee, expressed concerns on the recent slowdown … Continue reading →

Posted in USD/CAD | Comments Off