Monthly Archives: March 2013

USD/CAD: Loonie advanced as oil prices rose on improved risk appetite; trading slightly lower this morning

Posted on March 25, 2013 by GCI Financial

  On Friday, the USD declined 0.18% against the CAD to close at 1.0227. The Canadian Dollar recorded gains as crude oil rose amid speculation that Cyprus is on the verge of finalizing a deal to avert a financial collapse, … Continue reading →

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AUD/USD: Aussie trading tad higher this morning

Posted on March 25, 2013 by GCI Financial

  On Friday, the AUD strengthened marginally against the USD to close at 1.0445, as riskier assets found demand in the market as investors speculated a potential resolution to the banking crisis in Cyprus. Market sentiment strengthened as political leaders … Continue reading →

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Crude Oil: Oil advanced as OPEC warned of reduction in shipments

Posted on March 25, 2013 by GCI Financial

  On Friday, Crude Oil prices advanced 1.44% against the USD, closing at 93.71, after the Organization of Petroleum Exporting Countries (OPEC) indicated that it would reduce oil shipments over the next few weeks. In the Asian session, at GMT0400, … Continue reading →

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Silver: White metal fell sharply on Friday, trading higher in the Asian session

Posted on March 25, 2013 by GCI Financial

  On Friday, Silver prices declined 1.50% to the USD28.74 per ounce. In the Asian session, at GMT0400, Silver is trading at 28.89, 0.52% higher from Friday’s close. Silver is expected to find support at 28.60, and a fall through … Continue reading →

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Gold: Yellow metal retreated as safe haven demand dropped, trading higher this morning

Posted on March 25, 2013 by GCI Financial

  On Friday, Gold prices traded lower by 0.46% against the USD, at 1608.58 per ounce, as demand for the safe haven metal decreased following news that Greece may raise the stakes it owns in Cypriot banks to ease the … Continue reading →

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Trading signals for Friday 22-03-2013

Posted on March 22, 2013 by GCI Financial

Forex, Commodities and Index signals for Friday 22-03-2013 11:00 GMT Continue reading →

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USD/CHF: Swiss trade surplus narrowed in February; Swissy trading tad lower this morning

Posted on March 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.21% against the CHF and closed at 0.9464. In economic news, Switzerland’s international trade balance stood at a surplus of CHF2.10 billion in February, slightly narrower than the revised … Continue reading →

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EUR/USD: Euro dropped on Cyprus worries, weak European economic data; trading tad higher in the Asian session

Posted on March 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.28% against the USD and closed at 1.2903, as investors feared that Cyprus may not be able to come up with a new bailout plan by next week’s deadline as … Continue reading →

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GBP/USD: Pound gained on upbeat economic data, trading tad higher this morning

Posted on March 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.57% against the USD and closed at 1.5180, after UK retail sales recorded a jump in February and the public sector borrowing came in smaller-than-expected in February. Yesterday, retail sales … Continue reading →

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USD/JPY: Yen trading tad lower this morning

Posted on March 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 1.06% against the JPY and closed at 94.92. On the economic front, Japan’s all industry activity dropped 1.4% (MoM) in January, in line with the market forecast and compared … Continue reading →

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AUD/USD: Australia’s CB leading economic index rises in January

Posted on March 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.59% against the USD to close at 1.0438. LME Copper prices rose 0.1% or $5.5/MT to $7580.0/MT. Aluminium prices declined 0.2% or $3.5/MT to $1902.0/MT. In the Asian session, at … Continue reading →

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