Daily Archives: March 27, 2014

Crude Oil: Crude continues to trade higher in the Asian session

Posted on March 27, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.90% against the USD for the 24 hour period ending 23:00GMT, closing at 100.16, after data showed that inventories at Cushing, Oklahoma, decreased for an eighth week, last week. Crude prices also found … Continue reading →

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Silver: Silver trading below its MA’s

Posted on March 27, 2014 by GCI Financial

Silver Movement Silver prices declined 0.56% to USD 19.85 per ounce during the 24 hours ending 23:00GMT, mirroring a fall in the prices of industrial metals. In the Asian session, at GMT0400, Silver is trading at 19.77, 0.44% lower from … Continue reading →

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Gold: Yellow metal extends its weakness in the Asian trading hours

Posted on March 27, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1306.48 per ounce, hurt by a stronger US Dollar. Late yesterday, one of the leading broking houses raised its 2014 price … Continue reading →

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AUD/USD: Aussie extends its gains in the morning session

Posted on March 27, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.64% against the USD to close at 0.9221, buoyed by the RBA Governor, Glenn Stevens’ optimistic comments on the growth of the Australian economy. LME Copper prices declined 0.1% … Continue reading →

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

Posted on March 27, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.60% against the CAD to close at 1.1099. The US Dollar initially received support after data released indicated that the durable goods orders in the US rose more-than-expected … Continue reading →

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USD/CHF: Swiss UBS consumption indicator rose in February

Posted on March 27, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.20% against the CHF and closed at 0.8850, as traders cheered an upbeat US durable goods orders data for February. In Switzerland, the UBS consumption indicator rose to … Continue reading →

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USD/JPY: BoJ still has a role to play in ending deflation in the nation, says Japan’s Akira Amari

Posted on March 27, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.37% against the JPY and closed at 101.92. The Japanese Yen advanced as lingering tensions between the Western nations and Russia fuelled demand for safe-haven assets. Yesterday, at … Continue reading →

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GBP/USD: As the economy recovers, interest rates should return to more normal levels, opines BoE’s Weale

Posted on March 27, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.27% against the USD and closed at 1.6578, after a Bank of England (BoE) policymaker, Martin Weale projected interest rates in the nation to gradually rise to a more … Continue reading →

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EUR/USD: Deflation risks in the Euro-zone low but not zero, says ECB’s Linde

Posted on March 27, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.25% against the USD and closed at 1.3786, as the latter advanced following a report that showed durable goods orders in the US rose more-than-expected 2.2% in February, ending … Continue reading →

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