Daily Archives: March 12, 2014

Crude Oil: Crude trading tad higher ahead of EIA weekly crude stockpiles data

Posted on March 12, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.46% against the USD for the 24 hour period ending 23:00GMT, closing at 99.48 after the American Petroleum Institute (API) reported 2.63 million barrels rise in the US crude inventories for the week … Continue reading →

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Silver: Silver extends its gains in the Asian trading hours

Posted on March 12, 2014 by GCI Financial

Silver Movement Silver prices rose 0.21% to USD 20.90 per ounce during the 24 hours ending 23:00GMT, taking cues from gold as well as mirroring broad gains in the prices of industrial metals. In the Asian session, at GMT0400, Silver … Continue reading →

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Gold: Precious metal continues to shine in the Asian session

Posted on March 12, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.53% against the USD in the 24 hour period ending 23:00GMT, at 1347.70 per ounce, as lingering concerns over China’s economic growth and continued tensions in Ukraine spurred demand for safe-haven assets. Positive … Continue reading →

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AUD/USD: Westpac consumer confidence deteriorated to the lowest level in 10-months in March

Posted on March 12, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.65% against the USD to close at 0.8964, on concerns that the economic growth prospects of China, its biggest trading partner is dwindling after the nation witnessed its … Continue reading →

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USD/CAD: Loonie trading tad lower amid lack of major economic releases from Canada

Posted on March 12, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CAD to close at 1.1110. In the Asian session, at GMT0400, the pair is trading at 1.1114, with the USD trading slightly higher from yesterday’s … Continue reading →

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USD/CHF: Swiss industrial production rose less than expected in the fourth quarter

Posted on March 12, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.8776. In economic news, Swiss industrial production rose 0.4% (QoQ) in the fourth quarter, failing to meet market expectations for a … Continue reading →

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USD/JPY: BoJ need not alter its policy at present, opines BoJ Chief, Kuroda

Posted on March 12, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.39% against the JPY and closed at 102.85. The Japanese Yen rose against the US Dollar as lingering concerns over China’s economic growth and increasing standoff between the … Continue reading →

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GBP/USD: Spare capacity in the UK slightly more than 1.5% of GDP, opines BoE Governor, Mark Carney

Posted on March 12, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.10% against the USD and closed at 1.6621, after the Bank of England (BoE) Governor, Mark Carney dampened expectations for rate hike in the near future, to prevent the … Continue reading →

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EUR/USD: Traders overlooked ECB’s message at its March policy meeting, says ECB’s Vitor Constancio

Posted on March 12, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.14% against the USD and closed at 1.3856, after the ECB Vice President, Vitor Constancio opined that market participants did not fully understand the central bank’s message at its … Continue reading →

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