Daily Archives: March 10, 2014

Crude Oil: Crude reverses its direction in the Asian session

Posted on March 10, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 0.75% against the USD for the period ending 21:00GMT, closing at 102.55, as lingering concerns over Ukraine supported the prices of the commodity. In the Asian session, at GMT0400, Crude Oil … Continue reading →

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Silver: White metal trading lower in the morning session

Posted on March 10, 2014 by GCI Financial

Silver Movement On Friday, Silver prices declined 2.55% to USD20.92 per ounce during the period ending 21:00GMT, after an upbeat US jobs data weighed on the demand prospect of safe-haven assets. Meanwhile, a fall in the prices of industrial metals … Continue reading →

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Gold: Yellow metal continues to trade lower in the Asian trading hours

Posted on March 10, 2014 by GCI Financial

Gold Movement On Friday Gold prices traded lower by 0.70% against the USD in the period ending 21:00GMT, at 1340.28 per ounce, as demand for safe-haven assets declined after a better-than-expected US non-farm payrolls data renewed optimism on the growth-outlook … Continue reading →

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AUD/USD: Aussie extends its weakness in the Asian session

Posted on March 10, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.45% against the USD to close at 0.9063. LME Copper prices declined 1.8% or $124.0/MT to $6930.5/MT. Aluminium prices edged down 0.1% or $2.5/MT to $1729.5/MT. In the Asian session, at GMT0400, the … Continue reading →

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USD/CAD: Unemployment rate in Canada came in unchanged at 7.0% in February

Posted on March 10, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.99% against the CAD to close at 1.1097. The Canadian Dollar lost ground against the US Dollar after an official data from Canada showed that the number of employed people in the economy … Continue reading →

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USD/CHF: Unemployment rate in the Swiss economy stood pat in February

Posted on March 10, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.28 % against the CHF and closed at 0.8777. In economic news, on a seasonally adjusted basis, unemployment rate in Switzerland remained unchanged at previous month’s level of 3.2% (MoM) in February, broadly … Continue reading →

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USD/JPY: Yen trading higher amid strong demand for safe-haven assets

Posted on March 10, 2014 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 0.25% against the JPY and closed at 103.32. In the Asian session, at GMT0400, the pair is trading at 103.07, with the USD trading 0.24% lower from Friday’s close. The Yen is trading … Continue reading →

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GBP/USD: UK consumer expectations fell to 2.8% from an earlier estimate of 3.6%

Posted on March 10, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.06% against the USD and closed at 1.6731, after the Bank of England (BoE) reported that consumer inflation expectations in the UK economy for next 12 months fell to 2.8%, from an earlier expectation … Continue reading →

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EUR/USD: Interest rate hike by mid 2015 fairly “reasonable”, opined Fed’s William Dudley

Posted on March 10, 2014 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.06% against the USD and closed at 1.3873, as easing tensions on Ukraine and lingering optimism on the growth-outlook of the Euro-zone economy improved traders’ appetite for risk-taking. Meanwhile, an upbeat rise in the … Continue reading →

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