Daily Archives: March 24, 2014

Crude Oil: Crude trading lower following a weak Chinese manufacturing PMI data

Posted on March 24, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 0.78% against the USD for the period ending 21:00GMT, closing at 99.46, amid a weakness in the US Dollar. Meanwhile, fresh US and European sanctions on Russia weighed on the supply … Continue reading →

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Silver: White metal extends its weakness in the morning session

Posted on March 24, 2014 by GCI Financial

Silver Movement On Friday, Silver prices declined 0.27% to USD 20.30 per ounce during the period ending 21:00GMT. In the Asian session, at GMT0400, Silver is trading at 20.23, 0.34% lower from Friday’s close. Silver is expected to find support … Continue reading →

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Gold: Yellow metal gives up its Friday’s gains in the Asian session

Posted on March 24, 2014 by GCI Financial

Gold Movement On Friday Gold prices traded higher by 0.27% against the USD in the period ending 21:00GMT, at 1334.70 per ounce, as a weakness in the US Dollar bolstered the demand-outlook of the dollar-denominated commodity. Meanwhile, a leading broking … Continue reading →

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AUD/USD: Aussie trading lower ahead of a planned speech from RBA Deputy Governor, Philip Lowe

Posted on March 24, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened 0.56% against the USD to close at 0.9088. LME Copper prices rose 1.6% or $105.0/MT to $6539.5/MT. Aluminium prices advanced 0.2% or $3.0/MT to $1677.0/MT. In the Asian session, at GMT0400, the pair … Continue reading →

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USD/CAD: Canada’s monthly consumer inflation came in better than market expectations for February

Posted on March 24, 2014 by GCI Financial

USDCAD Movement On Friday, the USD declined 0.29% against the CAD to close at 1.1209. The Canadian Dollar advanced against its US counterpart as the latest batch of upbeat economic data from the Canadian economy dampened speculations for an interest … Continue reading →

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USD/CHF: Swiss Franc trading lower in the Asian session

Posted on March 24, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.12% against the CHF and closed at 0.8825. In the Asian session, at GMT0400, the pair is trading at 0.8830, with the USD trading 0.06% higher from Friday’s close. The pair is expected … Continue reading →

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USD/JPY: Japan only half-way in its path to 2% inflation target, opines BoJ Chief, Kuroda

Posted on March 24, 2014 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.18% against the JPY and closed at 102.22, in a thin Japanese holiday trading session. In Japan, the Bank of Japan (BoJ) Governor, Haruhiko Kuroda stated that the central bank would continue with … Continue reading →

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GBP/USD: Pound trading tad lower amid lack of economic releases from the UK

Posted on March 24, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.07% against the USD and closed at 1.6495. In economic news, official data showed that, due to excessive spending on government departments and a fall in receipts, the UK public sector net borrowings totalled … Continue reading →

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EUR/USD: Euro-zone consumer confidence improved to a six year high in March

Posted on March 24, 2014 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.12% against the USD and closed at 1.3795, as risk-appetite among traders rose after the preliminary reading of the Euro-zone’s consumer confidence index improved to a level of -9.3 in March, the highest reading … Continue reading →

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