Daily Archives: March 9, 2012

Trading signals for Friday 09-03-2012

Posted on March 9, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 09-03-2012 11:00 GMT Continue reading →

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Crude Oil: Oil extends its gain on demand hopes

Posted on March 9, 2012 by GCI Financial

Oil prices advanced 0.65% against the USD for the 24 hour period ending 23:00GMT, closing at 106.85, on speculation that fuel demand would increase as Greece moves closer to completing a debt swap to ease Europe’s crisis and on strong … Continue reading →

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Silver: White metal continues to shine in the Asian session

Posted on March 9, 2012 by GCI Financial

Silver prices rose 1.33% to USD 33.88 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.07, 0.55% higher from yesterday’s close. Silver is expected to find support at 33.56, and … Continue reading →

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Gold: Weaker dollar boosts gold prices

Posted on March 9, 2012 by GCI Financial

Gold prices traded higher by 0.90% against the USD in the 24 hour period ending 23:00GMT, at 1701.07 per ounce, as greenback weakened after Greece moved closer to wrapping up its bond swap with private creditors. In the Asian session, … Continue reading →

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AUD/USD: Aussie pared yesterday’s gain on unexpected Australian trade deficit in February

Posted on March 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.60% against the USD to close at 1.0646. In the Asian session, at GMT0400, the pair is trading at 1.0646, with the AUD trading flat from yesterday’s close. The Aussie pared … Continue reading →

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USD/CAD: Loonie rose as Bank of Canada leaves rates unchanged, sees improvement in economy

Posted on March 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.72% against the CAD to close at 0.9903. The Canadian Dollar rose, after the Bank of Canada state that it was keeping its key interest rate unchanged at 1.0%, and stated … Continue reading →

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USD/CHF: Swissy loses steam in the Asian session

Posted on March 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.88% against the CHF and closed at 0.9083, after the US Department of Labor reported that the number of people who filed for unemployment assistance in the US climbed to a … Continue reading →

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USD/JPY: Yen lower in the Asian Session on BoJ easing speculation

Posted on March 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.52% against the JPY and closed at 81.55. In economic news, current conditions index in Japan rose to 45.9 in February, while the outlook index rose to a 50.1 in February. … Continue reading →

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GBP/USD: BoE kept interest rate unchanged, trading lower in the Asian session

Posted on March 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.54% against the USD and closed at 1.5828. The Bank of England (BoE) Monetary Policy Committee kept UK interest rates at their 3-year low of 0.5% and maintained the quantitative easing … Continue reading →

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EUR/USD: Euro jumps on strong take-up for Greece’s bond swap offer, Cooling off this morning

Posted on March 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.93% against the USD and closed at 1.3274, as Greek debt hopes and strong German economic data aided risk appetite and provided strength to the Euro. The EUR received a boost … Continue reading →

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