Daily Archives: March 17, 2014

Crude Oil: IEA raises its demand outlook for global oil demand

Posted on March 17, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 0.74% against the USD for the period ending 21:00GMT, closing at 98.89, as tensions in Ukraine weighed on the supply outlook of the commodity. Positive sentiment was also fuelled after the … Continue reading →

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Silver: White metal snaps gains in the morning session

Posted on March 17, 2014 by GCI Financial

Silver Movement On Friday, Silver prices rose 1.11% to USD 21.48 per ounce during the period ending 21:00GMT, buoyed by a weakness in the US Dollar. The prices of white metal also received support from investors’ strong demand for safe-haven … Continue reading →

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Gold: Yellow metal continues to trade higher amid strong demand for safe-haven assets

Posted on March 17, 2014 by GCI Financial

Gold Movement On Friday Gold prices traded higher by 0.64% against the USD in the period ending 21:00GMT, at 1382.23 per ounce, as lingering tensions in Ukraine and a weaker US Dollar bolstered the demand prospect of the safe-haven metal. … Continue reading →

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

Posted on March 17, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened marginally against the USD to close at 0.9025, amid concerns over the economic growth-outlook of its largest trading partner, China. LME Copper prices declined 0.1% or $5.0/MT to $6490.0/MT. Aluminium prices fell 0.3% … Continue reading →

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USD/CAD: Loonie trading tad higher in the morning session

Posted on March 17, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.18% against the CAD to close at 1.1098. However, gains were capped after data revealed that the preliminary Thomson Reuters/University of Michigan Consumer Sentiment Index declined to its lowest level since November in … Continue reading →

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USD/CHF: Swiss Franc pares its gains in the Asian session

Posted on March 17, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.27% against the CHF and closed at 0.8727. On the economic front, producer and import prices in Switzerland fell 0.4% (MoM) in February, contradicting market expectations for the prices to remain unchanged at … Continue reading →

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USD/JPY: Yen trading lower, following Friday’s gain

Posted on March 17, 2014 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.50% against the JPY and closed at 101.28, after the Reuters/University of Michigan’s consumer sentiment index in the US unexpectedly fell to a four-month low reading in March. Meanwhile, the Japanese Yen advanced … Continue reading →

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GBP/USD: UK economy might expand more than the official estimates, says BoE’s Charlie Bean

Posted on March 17, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP marginally rose against the USD and closed at 1.6628, as the latter declined following a downbeat consumer sentiment data. Meanwhile, the British Pound lost ground after an official data revealed that the total trade deficit … Continue reading →

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EUR/USD: Moody’s upgraded its rating outlook on the EU to “Stable”

Posted on March 17, 2014 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.28% against the USD and closed at 1.3904. The greenback declined against the Euro-zone’s common currency after the Thomson Reuters/University of Michigan preliminary index on the US consumer confidence fell to a four-month low … Continue reading →

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