Daily Archives: March 3, 2014

Crude Oil: Crude extends its gains in the morning session

Posted on March 3, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 0.37% against the USD for the period ending 21:00GMT, closing at 102.46, as an upbeat rise in the US Chicago PMI bolstered the demand-outlook of the commodity in the nation. During … Continue reading →

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Silver: White metal trading higher, following Friday’s drop

Posted on March 3, 2014 by GCI Financial

Silver Movement On Friday, Silver prices declined 0.31% to USD21.20 per ounce during the period ending 21:00GMT. In the Asian session, at GMT0400, Silver is trading at 21.47, 1.29% higher from Friday’s close, as Russia’s seizure of Ukraine’s Crimea boosted … Continue reading →

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Gold: Gold trading higher amid strong demand for safe haven assets

Posted on March 3, 2014 by GCI Financial

Gold Movement On Friday Gold prices traded lower by 0.38% against the USD in the period ending 21:00GMT, at 1325.60 per ounce, as risk-appetite among traders increased following upbeat Reuters/Michigan US consumer sentiment and Chicago PMI data. In the Asian … Continue reading →

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AUD/USD: Aussie trading below its MA’s

Posted on March 3, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.32% against the USD to close at 0.8931. On Saturday, a report from China, Australia’s largest trading partner, showed that the NBS manufacturing PMI edged down to a reading of 50.2 in February, … Continue reading →

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USD/CAD: Canada’s annualised GDP rose more than market expectations for the fourth quarter

Posted on March 3, 2014 by GCI Financial

USDCAD Movement On Friday, the USD declined 0.60% against the CAD to close at 1.1056, following a dismal US GDP data for the fourth-quarter. Meanwhile, the Canadian Dollar gained ground against its US counterpart after a report showed that Canada’s … Continue reading →

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USD/CHF: Swiss Franc continues to trade higher in the Asian trading hours

Posted on March 3, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.96% against the CHF and closed at 0.8800. On the economic front, the KOF leading indicator in Switzerland rose surprisingly to a level of 2.03 in February, from previous month’s reading of 2.01. … Continue reading →

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USD/JPY: Capital spending in Japan rose at a slower pace than market expectations for fourth-quarter

Posted on March 3, 2014 by GCI Financial

USDJPY Movement On Friday, the USD marginally weakened against the JPY and closed at 102.07, following a lacklustre fourth-quarter US annualised GDP data. In the Asian session, at GMT0400, the pair is trading at 101.42, with the USD trading 0.63% … Continue reading →

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

Posted on March 3, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP rose 0.33% against the USD and closed at 1.6746 after the Nationwide housing prices in the UK rose for the 14th straight month by 0.6% (MoM) in February, broadly in-line with market estimates, but slightly … Continue reading →

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EUR/USD: Moody’s upgrades Germany’s rating outlook to “Stable”

Posted on March 3, 2014 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.75% against the USD and closed at 1.3809, as traders reacted positively to the Euro-zone’s consumer inflation data, which showed that the consumer price index rose 0.8% (YoY) in February, similar to the pace … Continue reading →

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