Monthly Archives: March 2012

Trading signals for Wednesday 28-03-2012

Posted on March 28, 2012 by GCI Financial

Forex, Commodities and Index signals for Wednesday 28-03-2012 11:00 GMT Continue reading →

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US dollar recovers overnight

Posted on March 28, 2012 by GCI Financial

The lack of any economic data releases overnight allowed the US dollar to get back on its feet and reclaim some lost ground. Still tempering the US dollar’s upside is the cautious stance of Fed Chairman Bernanke, who said in a transcript of an impending television interview that “it’s far too early to declare victory” and while “the recent news has been good&I think we need to be cautious and make sure this is sustainable”. Continue reading →

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EUR/USD: EUR fell on poor German consumer confidence data, trading higher this morning

Posted on March 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.24% against the USD and closed at 1.3324, after Bank of Spain stated that nation’s economy has skidded back into recession and amid disappointing consumer confidence data in Germany. The Gfk … Continue reading →

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GBP/USD: Pound trading higher this morning, Investors await UK GDP data

Posted on March 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.03% against the USD and closed at 1.5954. On the economic front, the Confederation of British Industry (CBI) in its Distributive Trades Survey indicated that the retail sales balance in the … Continue reading →

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AUD/USD: Aussie extends its losses in the Asian session

Posted on March 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.72% against the USD to close at 1.0448. In the Asian session, at GMT0300, the pair is trading at 1.0434, with the AUD trading 0.14% lower from yesterday’s close. LME Copper … Continue reading →

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USD/CAD: Loonie down on risk aversion

Posted on March 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.43% against the CAD to close at 0.9957, as risk aversion increased among the investors following downbeat US economic data. In the Asian session, at GMT0300, the pair is trading at … Continue reading →

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Swiss Franc rebounds in the Asian session

Posted on March 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.18% against the CHF and closed at 0.9047. In economic news, Swiss consumption indicator fell to 0.87 point in February, from 0.92 point in January. In the Asian session, at GMT0300, … Continue reading →

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USD/JPY: Yen trading higher ahead of retail trade data in Japan

Posted on March 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.34% against the JPY and closed at 83.15.On the economic front, the small business confidence in Japan rose to a reading of 48.7 in March, compared to a reading of 45.3 … Continue reading →

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Crude Oil: Oil down on US crude inventory rise; talks of strategic reserve release

Posted on March 28, 2012 by GCI Financial

Oil prices declined 0.14% against the USD for the 24 hour period ending 23:00GMT, closing at 106.88, after reports showed rise in the US crude oil stocks. Late yesterday, the American Petroleum Institute reported that the US crude oil inventories … Continue reading →

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Silver: Silver continues to lose steam in the Asian session

Posted on March 28, 2012 by GCI Financial

Silver prices declined 0.50% to USD 32.61 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.56, 0.15% lower from yesterday’s close. Silver is expected to find support at 32.31, and … Continue reading →

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Gold: Rising dollar erodes demand for precious metals

Posted on March 28, 2012 by GCI Financial

Gold prices traded lower by 0.46% against the USD in the 24 hour period ending 23:00GMT, at 1680.81 per ounce, amid profit booking. Meanwhile, demand for the yellow metal in major consumer India remained passive as a strike continued among … Continue reading →

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