Monthly Archives: March 2014

Crude Oil: Crude pares its gains in the Asian session

Posted on March 31, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 0.31% against the USD for the period ending 21:00GMT, closing at 101.67 as an upbeat rise in the US consumer spending for February bolstered the demand-outlook of the commodity in the … Continue reading →

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Silver: White metal reverses its direction in the Asian trading hours

Posted on March 31, 2014 by GCI Financial

Silver Movement On Friday, Silver prices rose 0.43% to USD 19.83 per ounce during the period ending 21:00GMT, mirroring gains in the prices of industrial metals. In the Asian session, at GMT0300, Silver is trading at 19.81, 0.11% lower from … Continue reading →

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Gold: Precious metal converging with its MA’s

Posted on March 31, 2014 by GCI Financial

Gold Movement On Friday Gold prices traded higher by 0.16 % against the USD in the period ending 21:00GMT, at 1295.27 per ounce. In the Asian session, at GMT0300, Gold is trading at 1296.30, 0.08% higher from Friday’s close. Gold … Continue reading →

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

Posted on March 31, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.18% against the USD to close at 0.9252. LME Copper prices rose 1.3% or $86.0/MT to $6667.0/MT. Aluminium prices advanced 1.6% or $27.0/MT to $1709.5/MT. In the Asian session, at GMT0300, the pair … Continue reading →

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USD/CAD: Loonie trading marginally lower with focus on Canada’s January GDP data

Posted on March 31, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.22% against the CAD to close at 1.1055, as traders cheered the US personal spending and personal income data for February. In the Asian session, at GMT0300, the pair is trading at 1.1059, … Continue reading →

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USD/CHF: Franc trading tad lower ahead of the release of the Swiss KOF leading indicator

Posted on March 31, 2014 by GCI Financial

USDCHF Movement On Friday, the USD rose marginally against the CHF and closed at 0.8869. In the Asian session, at GMT0300, the pair is trading at 0.8870, with the USD trading marginally higher from Friday’s close. The pair is expected … Continue reading →

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USD/JPY: Yen trading lower in the Asian session

Posted on March 31, 2014 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 0.62% against the JPY and closed at 102.80. In the Asian session, at GMT0300, the pair is trading at 102.87, with the USD trading 0.07% higher from Friday’s close. Early morning, data from … Continue reading →

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GBP/USD: UK economy expanded in line with market estimates for the fourth-quarter

Posted on March 31, 2014 by GCI Financial

GBPUSD Movement On Friday, the GBP rose 0.23% against the USD and closed at 1.6645, as UK’s fourth-quarter GDP revised data came in-line with market estimates. UK GDP rose 2.7% (YoY) in the fourth-quarter, following a 1.9% increase registered in … Continue reading →

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EUR/USD: Euro-zone not in deflationary cycle, opines ECB’s Weidmann

Posted on March 31, 2014 by GCI Financial

EURUSD Movement On Friday, the EUR rose 0.07% against the USD and closed at 1.3751 after Euro zone consumer confidence registered its strongest monthly jump in nearly five years in March while the economic sentiment indicator surpassed analysts’ expectations and … Continue reading →

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Crude Oil: Crude continues to trade higher in the morning trading session

Posted on March 28, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.19% against the USD for the 24 hour period ending 23:00GMT, closing at 101.37, as a strong US GDP data bolstered the demand outlook of the commodity in the nation. Meanwhile lingering concerns … Continue reading →

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Silver: White metal regains some lost ground in the morning session

Posted on March 28, 2014 by GCI Financial

Silver Movement Silver prices declined 0.52% to USD 19.75 per ounce during the 24 hours ending 23:00GMT, amid broad gains in the US Dollar. Silver prices also came under pressure after a leading broker slashed its average price forecast on … Continue reading →

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