Daily Archives: March 20, 2012

Trading signals for Tuesday 20-03-2012

Posted on March 20, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 20-03-2012 11:00 GMT Continue reading →

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RBA minutes released

Posted on March 20, 2012 by GCI Financial

The RBA sounded a cautious but steady note with its release of policy meeting minutes, but this did not prevent AUD from taking a knock after commercial entities voiced concerns about Chinese demand for resources. The reaction function for the AUD just goes to show how the individual exposures for various currencies matter at this point, especially within the risk bloc, and investors have become more mindful of individual catalysts. Continue reading →

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Crude Oil: Oil rose on supply concerns, trading lower this morning on China fuel hike

Posted on March 20, 2012 by GCI Financial

Oil prices advanced 0.32% against the USD for the 24 hour period ending 23:00GMT, closing at 107.75, amid supply concerns after investors speculated that the risk of military conflict between Tehran and the West was rising. In the Asian session, … Continue reading →

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Silver: Silver backpedals this morning after yesterday’s surge

Posted on March 20, 2012 by GCI Financial

Silver prices rose 1.08% to USD 32.89 per ounce during the 24 hours ending 23:00GMT, as the dollar weakened. In the Asian session, at GMT0400, Silver is trading at 32.70, 0.56% lower from yesterday’s close. Silver is expected to find … Continue reading →

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Gold: Trading lower this morning

Posted on March 20, 2012 by GCI Financial

Gold prices traded higher by 0.26% against the USD in the 24 hour period ending 23:00GMT, at 1663.20 per ounce, as the greenback fell, after Federal Reserve Bank of New York President, William Dudley commented that the US central bank … Continue reading →

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AUD/USD: Aussie trading lower in the Asia session

Posted on March 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.02% against the USD to close at 1.0606. In the Asian session, at GMT0400, the pair is trading at 1.0578, with the AUD trading 0.26% lower from yesterday’s close. In economic … Continue reading →

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USD/CAD: Canadian Dollar loses steam in the Asian session

Posted on March 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.39% against the CAD to close at 0.9874. In Canada, wholesale sales unexpectedly fell 1.0% (MoM) in January to C$49.02 billion, making it biggest drop since February 2011. In the Asian … Continue reading →

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USD/CHF: Swiss Franc tad higher ahead of industrial production data in Switzerland

Posted on March 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.41% against the CHF and closed at 0.9117, after the President of the New York Federal Reserve Bank, William Dudley, stated that despite some positive signs growth is on a firmer … Continue reading →

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USD/JPY: Trading between its MA

Posted on March 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.13% against the JPY and closed at 83.41. In Japan, the department store sales declined 1.8% (YoY) in February, compared to a 3.1% drop in January. In the Asian session, at … Continue reading →

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GBP/USD: Pound trading lower this morning; Consumer prices & retail prices in the UK awaited

Posted on March 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.28% against the USD and closed at 1.5889, amid mounting expectations that tomorrow’s annual UK budget would contain business-friendly tax adjustments to bolster economic growth. In economic news, Household Finance Index … Continue reading →

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EUR/USD: Euro rose as Greece finalized credit default swap terms

Posted on March 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.40% against the USD and closed at 1.3233, after Greece completed the first phase of auction to determine the payout on credit default swaps. Risk sentiment was further boosted, after the … Continue reading →

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