Daily Archives: March 25, 2014

Crude Oil: Crude extends its gains in the morning session

Posted on March 25, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.15% against the USD for the 24 hour period ending 23:00GMT, closing at 99.37, after media reports showed that a collision between vessels lead to an oil spill into the Houston Ship Channel … Continue reading →

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Silver: White metal trading higher, following yesterday’s fall

Posted on March 25, 2014 by GCI Financial

Silver Movement Silver prices declined 1.61% to USD 19.92 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices. In the Asian session, at GMT0400, Silver is trading at 20.05, 0.64% higher from yesterday’s close. Silver is … Continue reading →

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Gold: Yellow metal reverses its direction the Asian session

Posted on March 25, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 1.54% against the USD in the 24 hour period ending 23:00GMT, at 1311.37 per ounce, as traders refrained from taking major bets in the precious metal amid fears that a hike in the … Continue reading →

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AUD/USD: Fitch affirmed Australia “AAA” rating with a “Stable” outlook

Posted on March 25, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.37% against the USD to close at 0.9127. Late Yesterday, Fitch Ratings affirmed its “AAA” rating on Australia’s long-term foreign and local currency IDRs with a “Stable” outlook, by … Continue reading →

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USD/CAD: Loonie trading tad higher amid lack of economic data from Canada

Posted on March 25, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.25% against the CAD to close at 1.1198, following a downbeat US Markit manufacturing PMI data for March. In the Asian session, at GMT0400, the pair is trading … Continue reading →

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USD/CHF: SNB should consider negative interest rate to counter Swiss Franc’s strength, says IMF

Posted on March 25, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CHF and closed at 0.8809, hurt by a lacklustre US Markit manufacturing PMI data. Yesterday, the IMF urged the Swiss National Bank (SNB) to stick … Continue reading →

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USD/JPY: Deflation risk to emerge if inflation stays below 1% for a long time, warns BoJ’s Kikuo Iwata

Posted on March 25, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD marginally weakened against the JPY and closed at 102.25. Yesterday, the Bank of Japan (BoJ) Deputy Governor, Kikuo Iwata, highlighted the possibility for deflation risks in the Japanese economy … Continue reading →

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GBP/USD: Pound steady ahead of UK consumer inflation data

Posted on March 25, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6497, amid a lack of major economic releases from the UK. In the Asian session, at GMT0400, the pair is trading at … Continue reading →

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EUR/USD: ECB eyeing the EUR exchange rate’s impact on inflation, reveals ECB’s Erkki Liikanen

Posted on March 25, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.28% against the USD and closed at 1.3836, giving up its firmer losses, triggered by the latest batch of downbeat Markit Economics’ PMI data for the Euro-zone and German … Continue reading →

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