Monthly Archives: March 2014

Gold: Precious metal extends its gain in the Asian session

Posted on March 13, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 1.39% against the USD in the 24 hour period ending 23:00GMT, at 1366.32 per ounce, as tension over Ukraine crisis escalated, following which the yellow metal’s safe haven appeal rose. Meanwhile, assets in … Continue reading →

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AUD/USD: Australian economy added more than expected jobs in February

Posted on March 13, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.35% against the USD to close at 0.8997. Yesterday, the Reserve Bank of Australia (RBA) Deputy Governor, Philip Lowe pointed out to the decline in the nation’s labour participation … Continue reading →

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USD/CAD: Loonie trading below its MA’s

Posted on March 13, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CAD to close at 1.1119. In Canada, the Teranet/National Bank composite house price index rose 0.3% (MoM) in February, following a 0.4% increase registered in … Continue reading →

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

Posted on March 13, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CHF and closed at 0.8743. In the Asian session, at GMT0400, the pair is trading at 0.8730, with the USD trading 0.15% lower from yesterday’s … Continue reading →

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USD/JPY: Yen trading higher ahead of the minutes from BoJ’s policy meeting

Posted on March 13, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD marginally weakened against the JPY and closed at 102.82. On the economic front, the Bank of Japan’s (BoJ), in its monthly economic survey revealed that the Japanese economy has … Continue reading →

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

Posted on March 13, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6618, as traders searched for short-term direction in the pair amid lack of economic news from the UK. Yesterday, BoE Deputy Governor, … Continue reading →

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EUR/USD: No deflation in the Euro-zone but risks do persists, says ECB’s Benoit Coeure

Posted on March 13, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.33% against the USD and closed at 1.3902, after an ECB Executive Board member, Benoit Coeure stated that he sees no signs of deflation in the Euro-zone economy at … Continue reading →

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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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