Daily Archives: March 19, 2012

Trading signals for Monday 19-03-2012

Posted on March 19, 2012 by GCI Financial

Forex, Commodities and Index signals for Monday 19-03-2012 11:00 GMT Continue reading →

Posted in Trading Signals | Leave a comment

USD gains

Posted on March 19, 2012 by GCI Financial

Ranges were broadly flat overnight but the dollar has checked some of its advance amid fears that data is still not strong enough in the US for the Fed to continue allowing the market to price out expectations for monetary easing. On Friday the University of Michigan consumer sentiment index slipped to 74.3 in early March from 75.3 in February; industrial production was unchanged m/m in February; and the y/y reading for core consumer prices slowed to 2.2% in February from 2.3% in January. Continue reading →

Posted in Market Snapshot | Leave a comment

GBP/USD: Pound trading higher after UK house prices rose in March

Posted on March 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.87% against the USD and closed at 1.5841. In the Asian session, at GMT0400, the pair is trading at 1.5843, with the GBP trading 0.01% higher from Friday’s close. … Continue reading →

Posted in GBP/USD | Leave a comment

USD/CHF: Swiss Franc gives up Friday’s gains

Posted on March 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.82% against the CHF on Friday, and closed at 0.9158. In the Asian session, at GMT0400, the pair is trading at 0.9161, with the USD trading 0.03% higher from Friday’s close. … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Yen pulls back versus greenback this morning

Posted on March 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD weakened 0.24% against the JPY and closed at 83.39. On the economic front, the Leading Index in Japan was revised down to a reading of 94.4 in January, following an … Continue reading →

Posted in USD/JPY | Leave a comment

EUR/USD: Euro edged up on German Chancellor, Angela Merkel comments

Posted on March 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR rose 0.75% against the USD and closed at 1.3177. Euro rose after comments from German Chancellor, Angela Merkel, that the European officials have discussed combining Euro-area bailout funds to reinforce … Continue reading →

Posted in EUR/USD | Leave a comment

Crude Oil: Oil continues its rising trend this morning

Posted on March 19, 2012 by GCI Financial

Oil prices advanced 1.65% against the USD for the 24 hour period ending 23:00GMT on Friday, closing at 107.20, after reports showed that Saudi Arabian crude output rose to the strongest level since 1980. Saudi Arabia, the largest producer in … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Silver continues to trade higher in the Asian session

Posted on March 19, 2012 by GCI Financial

On Friday, Silver prices rose 0.31% to USD 32.55 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.69, 0.43% higher from Friday’s close. Silver is expected to find support at … Continue reading →

Posted in Silver | Leave a comment

Gold: Weaker dollar boosts yellow metal

Posted on March 19, 2012 by GCI Financial

Gold prices traded higher by 0.21% against the USD in the 24 hour period ending 23:00GMT on Friday, at 1659.47 per ounce, on a weaker greenback. During the day, Gold had come under pressure amid India’s proposal to hike customs … Continue reading →

Posted in Gold | Leave a comment

AUD/USD: Aussie marches northwards this morning

Posted on March 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 0.67% against the USD to close at 1.0591. On a month-on-month basis, new house prices in China fell in 45 of 70 large cities in February, compared to 47 … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Greenback dollar continues its fall in the Asian session

Posted on March 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.09% against the CAD to close at 0.9913. In Canada, manufacturing shipments sales declined 0.9% (MoM) to $49.6 billion in January as against 0.6% growth in the December and … Continue reading →

Posted in USD/CAD | Leave a comment