Daily Archives: March 27, 2012

Trading signals for Tuesday 27-03-2012

Posted on March 27, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 27-03-2012 11:00 GMT Continue reading →

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Bernanke’s commentaries weaken USD

Posted on March 27, 2012 by GCI Financial

Those hoping for less dovish commentary from Fed Chair Bernanke were mostly disappointed. Although he acknowledged the recent “genuine improvement” in the labour market, he again emphasised that the situation is still “far from normal”. What hurt the dollar most was Bernanke’s view that “continued accommodative policies” could help boost employment. Continue reading →

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Crude Oil: Oil gained on Bernanke comments, trading lower this morning ahead of oil inventory reports

Posted on March 27, 2012 by GCI Financial

Oil prices advanced 0.18% against the USD for the 24 hour period ending 23:00GMT, closing at 107.03, on speculation that demand for fuel would rise after Federal Reserve Chairman Ben Bernanke signaled that interest rates would be kept low enough … Continue reading →

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Silver: Silver hold on to yesterday’s gains

Posted on March 27, 2012 by GCI Financial

Silver prices rose 1.24% to USD 32.78 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.79, 0.04% higher from yesterday’s close. Silver is expected to find support at 32.23, and … Continue reading →

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Gold: Gold jumped after Ben Bernanke hints monetary easing, gives up some gains in the Asian session

Posted on March 27, 2012 by GCI Financial

Gold prices traded higher by 1.21% against the USD in the 24 hour period ending 23:00GMT, at 1688.65 per ounce, as the greenback weakened, after the US Federal Reserve Chairman, Ben Bernanke, reinforced expectation that interest rates would be kept … Continue reading →

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AUD/USD: Aussie holds US$1.05 level on Bernanke’s indication on rates

Posted on March 27, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.41% against the USD to close at 1.0525, following indications from Federal Reserve Chairman, Ben Bernanke that the US would keep interest rates low. In the Asian session, at GMT0300, the … Continue reading →

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USD/CAD: Canadian Dollar rallied as Ben Bernanke stirs fresh QE3, drifting lower this morning

Posted on March 27, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.56% against the CAD to close at 0.9913, fueled by the prospect of continued accommodative policy from the Federal Reserve and renewed hopes for a larger Euro-zone bailout fund. In the … Continue reading →

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USD/CHF: Swiss Franc is trading lower in the Asian session

Posted on March 27, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.47% against the CHF and closed at 0.9031. Swiss Economy Minister, Johann Schneider-Ammann, stated that he would “generally like” the Franc to weaken toward 1.35 or 1.40 versus the Euro. Meanwhile, … Continue reading →

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USD/JPY: Greenback backpedals against the Yen in the Asian session

Posted on March 27, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.47% against the JPY and closed at 82.86. In the Asian session, at GMT0300, the pair is trading at 82.84, with the USD trading 0.03% lower from yesterday’s close. Data released … Continue reading →

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GBP/USD: Pound trading flat after yesterday’s rise

Posted on March 27, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.52% against the USD and closed at 1.5959, as the dollar weakened, amid speculation that the Federal Reserve would maintain easy monetary policy to sustain growth in the US economy. In … Continue reading →

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EUR/USD: Euro rose on Bernanke remarks‎ and upbeat German Ifo data‎, trading lower this morning

Posted on March 27, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.58% against the USD and closed at 1.3357, after Federal Reserve Governor, Ben Bernanke, signaled towards monetary easing and as positive data from Euro-zone hinted that the region’s economic recovery is … Continue reading →

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