Daily Archives: March 4, 2014

GBP/USD: Pound continues to trade lower in the Asian session

Posted on March 4, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.42% against the USD and closed at 1.6665, as concerns over the Ukraine crisis and upbeat economic data from the US fuelled safe-haven greenback demand. However earlier during the … Continue reading →

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Crude Oil: Crude extends its winning streak in the Asian trading hours

Posted on March 4, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 104.67 as escalating tensions between Ukraine and Russia weighed on the supply-outlook of the commodity. Meanwhile, cold weather in the … Continue reading →

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Silver: White metal reverses its direction in the morning session

Posted on March 4, 2014 by GCI Financial

Silver Movement Silver prices rose 0.59% to USD 21.45 per ounce during the 24 hours ending 23:00GMT, as ongoing Ukraine crisis fuelled demand for safe-haven assets. In the Asian session, at GMT0400, Silver is trading at 21.43, 0.09% lower from … Continue reading →

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Gold: Yellow metal snaps gains in the morning session

Posted on March 4, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 1.34% against the USD in the 24 hour period ending 23:00GMT, at 1350.64 per ounce, buoyed by strong demand for safe-haven assets amid ongoing tensions in Ukraine. Meanwhile, upbeat manufacturing PMI data from … Continue reading →

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AUD/USD: RBA keeps its interest rate unchanged at 2.5%

Posted on March 4, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.22% against the USD to close at 0.8925. LME Copper prices declined 0.9% or $65.0/MT to $7032.5/MT. Aluminium prices fell 2.9% or $49.5/MT to $1674.5 /MT. In the Asian … Continue reading →

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USD/CAD: Loonie extends its fall in the Asian trading hours

Posted on March 4, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CAD to close at 1.1081, supported by an upbeat US ISM manufacturing PMI data and strong demand for safe-haven assets. In economic news, the Statistics … Continue reading →

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USD/CHF: SVME PMI surged to a 33-month high in February

Posted on March 4, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.36% against the CHF and closed at 0.8830. In Switzerland, the SVME purchasing managers’ index unexpectedly rose to a 33-month high reading of 57.6 in February, from a … Continue reading →

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USD/JPY: Low interest rate in Japan offering incentives to yen-carry trade, opines BoJ Governor, Haruhiko

Posted on March 4, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.08% against the JPY and closed at 101.42, as traders cheered an upbeat US ISM manufacturing PMI report. In the Asian session, at GMT0400, the pair is trading … Continue reading →

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EUR/USD: Prolonged low inflation could risk derailing Euro-zone recovery, opines IMF Chief, Lagarde

Posted on March 4, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.28% against the USD and closed at 1.3736, as traders refrained from taking major bets in the risk-on, Euro, amid ongoing tensions in Ukraine. Negative sentiment for the Euro-bloc … Continue reading →

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