Daily Archives: March 11, 2014

Crude Oil: Crude trading higher ahead of weekly US supplies data

Posted on March 11, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.49% against the USD for the 24 hour period ending 23:00GMT, closing at 100.94, after a dismal Chinese trade balance data fuelled fresh concerns on the demand prospect of the commodity. However, losses … Continue reading →

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Silver: Silver extends its gains in the Asian session

Posted on March 11, 2014 by GCI Financial

Silver Movement Silver prices rose marginally to USD20.86 per ounce during the 24 hours ending 23:00GMT, amid strong demand for safe-haven assets. However, a fall in the prices of industrial metals capped the gains in the commodity. In the Asian … Continue reading →

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Gold: Precious metal continues to trade higher amid escalating Ukraine tensions

Posted on March 11, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1340.55 per ounce, as demand for safe-haven assets rose after media reports showed that Russian troops opened fire at Ukrainian military … Continue reading →

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AUD/USD: Aussie reverses its losses in the Asian trading hours

Posted on March 11, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.39% against the USD to close at 0.9021, hurt by the latest batch of soft economic data from its largest trading partner, China. LME Copper prices fell 3.1% or … Continue reading →

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USD/CAD: Loonie trading tad lower in the Asian session

Posted on March 11, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CAD to close at 1.1117. The Canadian Dollar lost momentum, despite data indicating that the Canadian housing starts rose to 192,100 units in February, more … Continue reading →

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USD/CHF: Swiss real retail sales slows in January

Posted on March 11, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF and closed at 0.8778. Yesterday, the Swiss Federal Statistics Office reported that real retail sales in the nation rose 0.3% (YoY) in January, way … Continue reading →

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USD/JPY: BoJ kept its policy stance unchanged at its March policy meeting

Posted on March 11, 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 103.26. In the Asian session, at GMT0400, the pair is trading at 103.26, with the USD trading flat from yesterday’s close. … Continue reading →

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GBP/USD: A further appreciation in the UK Pound would hamper UK exports, hints BoE’s Charlie Bean

Posted on March 11, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.55% against the USD and closed at 1.6638, after the Bank of England (BoE) member, Charlie Bean stated that a further appreciation in the British Pound would interfere with … Continue reading →

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EUR/USD: Stronger Euro creating downward pressure on the economy and inflation outlook, says ECB’s Christian Noyer

Posted on March 11, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR ended the day flat against the USD and closed at 1.3877, giving up its initial gains, after the ECB Governing council member, Christian Noyer, stated that the policymakers did not … Continue reading →

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