Monthly Archives: March 2014

USD/CAD: Loonie trading tad lower amid lack of major economic releases from Canada

Posted on March 12, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CAD to close at 1.1110. In the Asian session, at GMT0400, the pair is trading at 1.1114, with the USD trading slightly higher from yesterday’s … Continue reading →

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USD/CHF: Swiss industrial production rose less than expected in the fourth quarter

Posted on March 12, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.8776. In economic news, Swiss industrial production rose 0.4% (QoQ) in the fourth quarter, failing to meet market expectations for a … Continue reading →

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USD/JPY: BoJ need not alter its policy at present, opines BoJ Chief, Kuroda

Posted on March 12, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.39% against the JPY and closed at 102.85. The Japanese Yen rose against the US Dollar as lingering concerns over China’s economic growth and increasing standoff between the … Continue reading →

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GBP/USD: Spare capacity in the UK slightly more than 1.5% of GDP, opines BoE Governor, Mark Carney

Posted on March 12, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.10% against the USD and closed at 1.6621, after the Bank of England (BoE) Governor, Mark Carney dampened expectations for rate hike in the near future, to prevent the … Continue reading →

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EUR/USD: Traders overlooked ECB’s message at its March policy meeting, says ECB’s Vitor Constancio

Posted on March 12, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.14% against the USD and closed at 1.3856, after the ECB Vice President, Vitor Constancio opined that market participants did not fully understand the central bank’s message at its … Continue reading →

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Crude Oil: Crude trading higher ahead of weekly US supplies data

Posted on March 11, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.49% against the USD for the 24 hour period ending 23:00GMT, closing at 100.94, after a dismal Chinese trade balance data fuelled fresh concerns on the demand prospect of the commodity. However, losses … Continue reading →

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Silver: Silver extends its gains in the Asian session

Posted on March 11, 2014 by GCI Financial

Silver Movement Silver prices rose marginally to USD20.86 per ounce during the 24 hours ending 23:00GMT, amid strong demand for safe-haven assets. However, a fall in the prices of industrial metals capped the gains in the commodity. In the Asian … Continue reading →

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Gold: Precious metal continues to trade higher amid escalating Ukraine tensions

Posted on March 11, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1340.55 per ounce, as demand for safe-haven assets rose after media reports showed that Russian troops opened fire at Ukrainian military … Continue reading →

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

Posted on March 11, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.39% against the USD to close at 0.9021, hurt by the latest batch of soft economic data from its largest trading partner, China. LME Copper prices fell 3.1% or … Continue reading →

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

Posted on March 11, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CAD to close at 1.1117. The Canadian Dollar lost momentum, despite data indicating that the Canadian housing starts rose to 192,100 units in February, more … Continue reading →

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USD/CHF: Swiss real retail sales slows in January

Posted on March 11, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF and closed at 0.8778. Yesterday, the Swiss Federal Statistics Office reported that real retail sales in the nation rose 0.3% (YoY) in January, way … Continue reading →

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