Daily Archives: March 23, 2012

Trading signals for Friday 23-03-2012

Posted on March 23, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 23-03-2012 11:00 GMT Continue reading →

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USDCNY fixed at a new all-time-low

Posted on March 23, 2012 by GCI Financial

The absence of fresh economic data releases overnight did nothing to address lingering investor uncertainty over the sustainability of the global recovery. This made for generally range-bound FX trading conditions, although optimism was momentarily boosted when USDCNY fixed at a new all-time-low of 6.2891. Continue reading →

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AUD/USD: Aussie edged down as risk appetite faded, trading higher this morning

Posted on March 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.52% against the USD to close at 1.0394 on broad dollar strength. In the Asian session, at GMT0400, the pair is trading at 1.0404, with the AUD trading 0.10% higher from … Continue reading →

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USD/CAD: Canadian Dollar declines to parity amid global growth concerns

Posted on March 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.70% against the CAD to close at 0.9994, as weak manufacturing data in Euro-zone and China rekindled concerns over global growth and reduced the appetite for higher-yielding assets. Additionally, less-than-expected rise … Continue reading →

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USD/CHF: Swiss trade surplus widens unexpectedly in February; Pair trading lower this morning

Posted on March 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.09% against the CHF and closed at 0.9136. On the economic front, Swiss trade surplus widened to CHF2.7 billion in February, compared to CHF1.5 billion in January and against the market … Continue reading →

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USD/JPY: Yen gives up some gains in the Asian session

Posted on March 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 1.01% against the JPY and closed at 82.62. The President of the Dallas Fed, Richard Fisher, has indicated that he will not support another round of quantitative easing as the economy … Continue reading →

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GBP/USD: Pound slipped as decline in UK retail sales exceeds expectation, trading steady this morning

Posted on March 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.32% against the USD and closed at 1.5815, after more-than-expected drop in the UK retail sales. On a seasonally adjusted basis, retail sales dropped 0.8% (MoM) in February, against the market … Continue reading →

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EUR/USD: Euro fell on series of weak economic data; trading higher this morning

Posted on March 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.11% against the USD and closed at 1.3197, after series of weak economic data from the Euro-zone. In Euro-zone, the preliminary manufacturing Purchasing Managers’ Index (PMI) fell to a reading of … Continue reading →

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Crude Oil: Oil down on demand concern after weak economic data from Euro-zone and China

Posted on March 23, 2012 by GCI Financial

Oil prices declined 1.17% against the USD for the 24 hour period ending 23:00GMT, closing at 105.64, as concern over global fuel demand increased, following weak manufacturing data from China and Euro-zone. In the Asian session, at GMT0400, Crude Oil … Continue reading →

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Silver: Silver continues to lose steam in the Asian session

Posted on March 23, 2012 by GCI Financial

Silver prices declined 1.85% to USD 31.58 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.57, 0.05% lower from yesterday’s close. Silver is expected to find support at 31.04, and … Continue reading →

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Gold: Strong greenback weighed on the yellow metal; trading higher this morning

Posted on March 23, 2012 by GCI Financial

Gold prices traded lower by 0.38% against the USD in the 24 hour period ending 23:00GMT, at 1643.93 per ounce, as investors preferred the safety of the greenback after risk aversion returned amid weak economic data around the world. In … Continue reading →

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