Crude Oil: Crude reverses its direction in the morning session

Posted on April 8, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.26% against the USD for the 24 hour period ending 23:00GMT, closing at 100.79, as concerns on the supply-outlook of the commodity eased after media reports showed that Libyan rebels surrendered control of … Continue reading →

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Silver: White metal extends its losses in the Asian trading hours

Posted on April 8, 2014 by GCI Financial

Silver Movement Silver prices declined marginally to USD 19.94 per ounce during the 24 hours ending 23:00GMT, on subdued industrial demand. In the Asian session, at GMT0300, Silver is trading at 19.93, 0.07% lower from yesterday’s close. Silver is expected … Continue reading →

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Gold: Yellow metal regains some of its lost shine in the morning session

Posted on April 8, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.43% against the USD in the 24 hour period ending 23:00GMT, at 1298.60 per ounce amid subdued physical demand from China on account of a public holiday. Negative sentiment for the precious metal … Continue reading →

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AUD/USD: Aussie pares its losses in the Asian session

Posted on April 8, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.25% against the USD to close at 0.9266. Yesterday, the Reserve Bank of Australia reported that foreign reserve rose to A$ 62.2 billion in March, compared to a reserve … Continue reading →

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USD/CAD: Loonie trading higher this morning

Posted on April 8, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD to close at 1.0977. The Canadian Dollar rose after the Bank of Canada, in its business outlook survey for the first quarter, offered an … Continue reading →

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USD/CHF: Franc trading marginally higher with focus on Swiss unemployment rate data

Posted on April 8, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CHF and closed at 0.8878. The Swiss Franc rose as traders cheered Switzerland’s consumer inflation data, which showed that consumer price index registered a flat … Continue reading →

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USD/JPY: BoJ kept its monetary policy stance unchanged at its April meeting

Posted on April 8, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.24% against the JPY and closed at 103.07. In economic news, Japan’s leading economic indicator fell more-than-expected to a 5-month low reading of 108.5 in February, from previous … Continue reading →

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

Posted on April 8, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.17% against the USD and closed at 1.6608, in a subdued trading session on Monday. Yesterday, the Office for National Statistics noted that despite the recent substantial GDP growth, … Continue reading →

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EUR/USD: No imminent deflation risk in the Euro-zone, says ECB’s Yves Mersch

Posted on April 8, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.28% against the USD and closed at 1.3742, after an ECB board member, Yves Mersch eased concerns on QE measures in the Euro-zone economy by stating that “there’s a … Continue reading →

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Crude Oil: Crude snaps gains in the Asian session

Posted on April 7, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 0.80% against the USD for the period ending 21:00GMT, closing at 101.14, as investors doubted reports that the Libyan ports were about to reopen. Meanwhile, crude prices further received support after … Continue reading →

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Silver: White metal trading lower this morning

Posted on April 7, 2014 by GCI Financial

Silver Movement On Friday, Silver prices rose 0.71% to USD 19.96 per ounce during the period ending 21:00GMT, amid broad gains in the prices of industrial metals and strong demand for safe-haven assets. In the Asian session, at GMT0300, Silver … Continue reading →

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