Monthly Archives: March 2012

Trading signals for Friday 30-03-2012

Posted on March 30, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 30-03-2012 11:00 GMT Continue reading →

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Session dominated by month-end and quarter-end flows

Posted on March 30, 2012 by GCI Financial

Price action in Asia was dominated by month-end and quarter-end flows into the Tokyo fix, on this the last day of Japan’s fiscal year. The euro, and Australian and New Zealand dollars received a boost, but USDJPY remains heavy as UST yields continue to drift lower. Continue reading →

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Crude Oil: Oil fell on strategic release talks, Saudi comments; trading higher this morning on bargain hunting

Posted on March 30, 2012 by GCI Financial

Oil prices declined 2.07% against the USD for the 24 hour period ending 23:00GMT, closing at 103.30, after French Prime Minister, Francois Fillon stated there is a good chance of a US-Europe accord on a release strategic petroleum reserves. Additionally, … Continue reading →

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Silver: White metal continues its upward trend in the Asian session

Posted on March 30, 2012 by GCI Financial

Silver prices rose 0.39% to USD32.23 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.32, 0.3% higher from yesterday’s close. Silver is expected to find support at 31.86, and a … Continue reading →

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Gold: Trading higher in Asian session

Posted on March 30, 2012 by GCI Financial

Gold prices traded lower by 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1660.68 per ounce. A leading broker cut its 2012 full-year forecast for gold by 18% to $1,680 per ounce, citing a continued improvement … Continue reading →

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AUD/USD: Aussie trading higher on series of positive economic data in Australia

Posted on March 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.14% against the USD to close at 1.0377. In the Asian session, at GMT0300, the pair is trading at 1.0394, with the AUD trading 0.16% higher from yesterday’s close. On the … Continue reading →

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USD/CAD: Loonie trading higher this morning, Canada’s GDP data awaited today

Posted on March 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.15% against the CAD to close at 0.9967. The Organization for Economic Cooperation and Development (OECD) has urged that the Bank of Canada should maintain an accommodative monetary policy to offset … Continue reading →

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USD/CHF: Swiss Franc gaining strength ahead of KOF Swiss leading indicator

Posted on March 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.14% against the CHF and closed at 0.9063. In the Asian session, at GMT0300, the pair is trading at 0.9031, with the USD trading 0.35% lower from yesterday’s close. The pair … Continue reading →

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USD/JPY: Yen higher on positive economic data from Japan

Posted on March 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.67% against the JPY and closed at 82.40, as speculation that Japanese companies are repatriating overseas earnings before fiscal year-end on March 31 boosted the Yen. Yesterday, rating agency, Fitch, lowered … Continue reading →

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GBP/USD: Pound continues to trade higher in Asian session

Posted on March 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.41% against the USD and closed at 1.5956. On the economic front, mortgage approvals in the UK fell to 48,986 in February, from 57,899 in January, while consumer credit in the … Continue reading →

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EUR/USD: Euro fell on Euro-zone debt concerns, trading higher ahead of EU summit

Posted on March 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.12% against the USD and closed at 1.3303, as concern over economic recovery resurfaced after weak economic data from the Euro-zone. Additionally, the Head of sovereign ratings at Standard & Poor’s, … Continue reading →

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