Monthly Archives: March 2013

EUR/USD: Italian worries pushed Euro lower, trading higher this morning

Posted on March 28, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.67% against the USD and closed at 1.2775, amid renewed concerns about political uncertainty in Italy as the country’s Democratic Party leader ruled out the possibility of a broad coalition … Continue reading →

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GBP/USD: Pound pressured as GDP contracted in Q42012, trading higher this morning

Posted on March 28, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.24% against the USD and closed at 1.5127, after UK’s gross domestic product (GDP) shrank in the fourth quarter. The Britain’s GDP contracted 0.3% (QoQ) in the Q42012, in line … Continue reading →

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USD/JPY: Yen trading higher this morning

Posted on March 28, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.33% against the JPY and closed at 94.32. In the Asian session, at GMT0400, the pair is trading at 94.07, with the USD trading 0.27% lower from yesterday’s close. … Continue reading →

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AUD/USD: Australia’s CPI eases, private sector credit increases

Posted on March 28, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.25% against the USD to close at 1.0448, LME Copper prices declined 0.8% or $61.0/MT to $7570.0/MT. Aluminium prices declined 1.2% or $23.0/MT to $1867.5/MT. In the Asian session, at … Continue reading →

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USD/CAD: Canadian CPI rose more than expected in February

Posted on March 28, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 1.0163. The Loonie registered gains after the latest inflation numbers showed the largest monthly increase in Canadian consumer prices in more than … Continue reading →

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Silver: White metal trading above its MA’s

Posted on March 28, 2013 by GCI Financial

  Silver prices declined 0.22% to the USD28.72 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 28.78, 0.22% higher from yesterday’s close. Silver is expected to find support at 28.32, … Continue reading →

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USD/CHF: Swissy moving northwards in the Asian session

Posted on March 28, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.63% against the CHF and closed at 0.9540. The Swiss Franc traded lower yesterday in tandem with the Euro as concerns over the Cyprus bailout continued to weigh on … Continue reading →

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Crude Oil: Oil trading lower in the Asian session

Posted on March 28, 2013 by GCI Financial

  Crude Oil prices advanced 0.53% against the USD for the 24 hour period ending 23:00GMT, closing at 96.67. However, gains were limited after the US Energy Information Administration reported that crude supplies rose 3.3 million barrels for the week … Continue reading →

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Gold: Yellow metal continues to trade above $1600 per ounce levels

Posted on March 28, 2013 by GCI Financial

  Gold prices traded higher by 0.28% against the USD in the 24 hour period ending 23:00GMT, at 1605.45 per ounce, underpinned by hopes that the Federal Reserve will maintain its loose monetary policy after top policymakers indicated that the … Continue reading →

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EUR/USD: Euro reverses previous session gains

Posted on March 27, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.2861, though concerns remained that the banking solution in Cyprus could be a model used in other economically challenged European nations. Meanwhile, investor … Continue reading →

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GBP/USD: Pound declined on disappointing UK realized sales data

Posted on March 27, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.11% against the USD and closed at 1.5161, as UK’s realized sales data disappointed investors. In the UK’s economic news, the Confederation of British Industry (CBI) in its monthly Distributive … Continue reading →

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