Daily Archives: March 8, 2013

Trading signals for Friday 08-03-2013

Posted on March 8, 2013 by GCI Financial

Forex, Commodities and Index signals for Friday 08-03-2013 11:00 GMT Continue reading →

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EUR/USD: Euro gained as ECB leaves interest rates unchanged; trading lower in the Asian session

Posted on March 8, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.00% against the USD and closed at 1.3108, after the European Central Bank (ECB) left benchmark interest rates unchanged at 0.75%, in line with the market expectations. Furthermore, the ECB President, … Continue reading →

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GBP/USD: Pound gained on BoE action, Draghi remarks; trading lower this morning

Posted on March 8, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.21% against the USD and closed at 1.5026, as the Bank of England’s (BoE) Monetary Policy Committee voted to keep its key interest rate unchanged at 0.5% in line with market … Continue reading →

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USD/CHF: Swissy trading lower; CPI data awaited in Switzerland

Posted on March 8, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.65% against the CHF and closed at 0.9425. On the Swiss economic front, State Secretariat for Economic Affairs (SECO) reported that the seasonally adjusted unemployment rate in Switzerland stood … Continue reading →

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USD/JPY: Yen trading lower in the Asian session

Posted on March 8, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 1.03% against the JPY and closed at 94.90. In the Asian session, at GMT0400, the pair is trading at 95.40, with the USD trading 0.53% higher from yesterday’s close. … Continue reading →

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USD/CAD: Loonie rose on positive Canadian trade data

Posted on March 8, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.27% against the CAD to close at 1.0296. The Canadian Dollar registered gains after Canada’s merchandise trade deficit narrowed to C$237 million in January, from an upwardly revised deficit … Continue reading →

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AUD/USD: Chinese imports data fuels concerns for Aussie

Posted on March 8, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.37% against the USD to close at 1.0271. LME Copper prices declined 0.4% or $28.5/MT to $7671.0/MT. Aluminium prices declined 0.9% or $17.5/MT to $1910.5/MT. In the Asian session, at … Continue reading →

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Crude Oil: Oil rose as optimism over demand increased, trading lower this morning

Posted on March 8, 2013 by GCI Financial

Crude Oil prices advanced 1.15% against the USD for the 24 hour period ending 23:00GMT, closing at 91.47, amid signs of improving employment outlook as decline in the US jobless claims fuelled hopes for a rise in oil demand. In … Continue reading →

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Silver: Industrial metal trading lower this morning

Posted on March 8, 2013 by GCI Financial

Silver prices declined 0.52% to the USD28.90 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 28.81, 0.29% lower from yesterday’s close. Silver is expected to find support at 28.69, and … Continue reading →

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Gold: Precious metal fell as the ECB and BoE did not hinted additional stimulus

Posted on March 8, 2013 by GCI Financial

Gold prices traded lower by 0.32% against the USD in the 24 hour period ending 23:00GMT, at 1578.55 per ounce, as hopes for stimulus faded after the European Central Bank (ECB) gave no clear hints of further monetary easing, while … Continue reading →

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