Daily Archives: March 15, 2012

Trading signals for Thursday 15-03-2012

Posted on March 15, 2012 by GCI Financial

Forex, Commodities and Index signals for Thursday 15-03-2012 11:00 GMT Continue reading →

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Stronger USD

Posted on March 15, 2012 by GCI Financial

Broad USD strength amid the post-FOMC rise in US Tresury yields remains the dominant theme. While USDJPY broke above 84 in the Asia session, EURUSD is threatening to slip through 1.30. Although Japanese bonds were under pressure, USDJPY was driven by the widening 2y UST-JGB yield spread on expectations of a Fed-BoJ policy divergence. Continue reading →

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USD/JPY: Yen trading lower ahead of BoJ Monetary Policy Meeting Minutes

Posted on March 15, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 1.05% against the JPY and closed at 83.79. In economic news, on an annual basis, machine tool orders in Japan fell 8.6% in February, compared to the same fall recorded in … Continue reading →

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GBP/USD: GBP down on downbeat economic data in UK, Fitch lowered UK outlook

Posted on March 15, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.24% against the USD and closed at1.5667, as domestic economic data failed to impress investors, with unemployment benefit claims climbing more than expected to 7,200 new claims, showing continued concerns for … Continue reading →

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EUR/USD: Euro down on disappointing data from Euro-zone, recovering this morning

Posted on March 15, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.38% against the USD and closed at 1.3029, amid weak data from the Europe. On a yearly basis, industrial production in the Euro-zone fell 1.2% in January, compared to a 1.8% … Continue reading →

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USD/CHF: Swiss Franc drifting lower this morning ahead of SNB rate decision

Posted on March 15, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.80% against the CHF and closed at 0.9309. In economic news, the Center for European Economic Research (ZEW) and Credit Suisse revealed that the Economic Expectations Index in Switzerland increased by … Continue reading →

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USD/CAD: Witnessing flat trading this morning

Posted on March 15, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.47% against the CAD to close at 0.9932. The Canadian Dollar came under pressure following weaker-than-expected capacity utilisation data in Canada. Additionally, falling crude oil prices also weighed on Loonie. In … Continue reading →

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Silver: White metal continues its downward journey

Posted on March 15, 2012 by GCI Financial

Silver prices declined 3.63% to USD 32.22 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.09, 0.39% lower from yesterday’s close. Silver is expected to find support at 31.35, and … Continue reading →

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Gold: Gold tumbled on receding monetary easing hopes; bounces-back after 2% drop

Posted on March 15, 2012 by GCI Financial

Gold prices traded lower by 2.02% against the USD in the 24 hour period ending 23:00GMT, at 1643.10 per ounce, amid stronger greenback and as the US Federal Reserve dampened hopes of another round of quantitative easing. In the Asian … Continue reading →

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Crude Oil: Oil weighed down by rising oil stockpiles, Saudi supply pledge

Posted on March 15, 2012 by GCI Financial

Oil prices declined 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 105.68, amid more-than-expected rise in the US crude oil inventories and as the US Dollar strengthened. Early yesterday, oil rose after US President, Barack … Continue reading →

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AUD/USD: Australia consumer inflation expectation rises in March

Posted on March 15, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.00% against the USD to close at 1.0442. In the Asian session, at GMT0400, the pair is trading at 1.046, with the AUD trading 0.17% higher from yesterday’s close. LME Copper … Continue reading →

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