Monthly Archives: March 2013

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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Trading signals for Thursday 07-03-2013

Posted on March 7, 2013 by GCI Financial

FOREX-Signals EUR/USD LONG EUR/GBP SHORT Entry-Limit Buy 1,2995 Entry-Limit Sell 0,8685 Limit SELL 1,3035 Limit BUY 0,8645 Stop SELL 1,2975 Stop BUY 0,8705 USD/JPY LONG EUR/CHF SHORT Entry-Limit Buy 94,04 Entry-Limit Sell 1,2331 Limit SELL 94,44 Limit BUY 1,2296 Stop … Continue reading →

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EUR/USD: S&P upgrades Portugal’s credit rating; ECB meeting in focus

Posted on March 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.53% against the USD and closed at 1.2978, after economic data indicated that the gross domestic product in the Euro-zone contracted 0.6% (QoQ) in the Q42012, in line with market … Continue reading →

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GBP/USD: Pound trading marginally higher in the Asian session

Posted on March 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.93% against the USD and closed at 1.4995, as investors’ exercised caution ahead of the upcoming BoE interest rate decision. On the economic front, a report from Lloyds Banking Group’s … Continue reading →

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USD/JPY: BoJ maintains its interest rate at 0.1%

Posted on March 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.69% against the JPY and closed at 93.93. In the Asian session, at GMT0400, the pair is trading at 93.88, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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USD/CHF: Swiss trading higher in the Asian session

Posted on March 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.87% against the CHF and closed at 0.9487. In the Asian session, at GMT0400, the pair is trading at 0.9482, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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Crude Oil: Oil dropped as US stockpiles increased more-than-expected

Posted on March 7, 2013 by GCI Financial

  Crude Oil prices declined 0.51% against the USD for the 24 hour period ending 23:00GMT, closing at 90.43, as a larger-than-expected rise in the US inventories dented investor sentiment. Yesterday, the US Energy Information Administration reported that, for the … Continue reading →

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