Daily Archives: March 5, 2014

Crude Oil: API reported a less than expected rise in the US weekly crude supplies

Posted on March 5, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.39% against the USD for the 24 hour period ending 23:00GMT, closing at 103.22, as concerns over the supply-outlook of the commodity eased after Russian President, Vladimir Putin ordered troops to return to … Continue reading →

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Silver: White metal snaps losses in the morning session

Posted on March 5, 2014 by GCI Financial

Silver Movement Silver prices declined 1.28% to USD21.17 per ounce during the 24 hours ending 23:00GMT, as easing concerns over Ukraine crisis dampened the demand-outlook of safe-haven assets. Separately, media report anticipated a fall in the shipment of silver to … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on March 5, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 1.18% against the USD in the 24 hour period ending 23:00GMT, at 1334.76 per ounce, as tensions over Ukraine crisis eased following withdrawal of Russian military troops from Ukraine borders. Yesterday, the CEO … Continue reading →

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AUD/USD: Australia’s GDP rose more than market estimates for the fourth quarter

Posted on March 5, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.38% against the USD to close at 0.8958. LME Copper prices rose marginally by $2.5/MT to $7035.0/MT. Aluminium prices advanced 0.7% or $12.5/MT to $1687.0/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading tad lower with focus of the BoC’s interest rate decision

Posted on March 5, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CAD to close at 1.1088. In the Asian session, at GMT0400, the pair is trading at 1.1092, with the USD trading marginally higher from yesterday’s … Continue reading →

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USD/CHF: Swiss Franc trading marginally lower in the morning session

Posted on March 5, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.51% against the CHF and closed at 0.8874. In the Asian session, at GMT0400, the pair is trading at 0.8875, with the USD trading slightly higher from yesterday’s … Continue reading →

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USD/JPY: Yen trading above its MA’s

Posted on March 5, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.79% against the JPY and closed at 102.22. The Japanese Yen lost ground against the US Dollar, as demand for safe-haven assets declined after Russia’s President, Vladimir Putin … Continue reading →

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GBP/USD: Pound trading tad higher ahead of the UK Inflation Report Hearing

Posted on March 5, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.6665, as a soft UK construction PMI data overshadowed optimism on easing Ukraine tensions. The UK construction PMI declined to a reading … Continue reading →

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EUR/USD: Interest rate hike to come in early 2015, expects Fed’s Jeffrey Lacker

Posted on March 5, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3742, as traders’ appetite for risk-taking increased after the Russian President, Vladimir Putin ordered military troops to return to their base from … Continue reading →

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