Monthly Archives: March 2014

EUR/USD: Interest rate hike by mid 2015 fairly “reasonable”, opined Fed’s William Dudley

Posted on March 10, 2014 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.06% against the USD and closed at 1.3873, as easing tensions on Ukraine and lingering optimism on the growth-outlook of the Euro-zone economy improved traders’ appetite for risk-taking. Meanwhile, an upbeat rise in the … Continue reading →

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Crude Oil: Crude trading steady in the Asian trading hours

Posted on March 7, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.78% against the USD for the 24 hour period ending 23:00GMT, closing at 101.79, buoyed by a weakness in the US Dollar against most of its major peers. Oil prices also benefited from … Continue reading →

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Silver: White metal continues to trade higher in the morning session

Posted on March 7, 2014 by GCI Financial

Silver Movement Silver prices rose 1.26% to USD 21.47 per ounce during the 24 hours ending 23:00GMT, tracking gains in the prices of gold. In the Asian session, at GMT0400, Silver is trading at 21.49, 0.10% higher from yesterday’s close. … Continue reading →

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Gold: Yellow metal trading above its MA’s

Posted on March 7, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.95% against the USD in the 24 hour period ending 23:00GMT, at 1349.68 per ounce, as the European Central Bank (ECB) Chief, Mario Draghi’s projection for a gradual rise in the Euro-zone’s inflation … Continue reading →

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AUD/USD: RBA Governor, Glenn Stevens reiterates a period of stability in interest rate

Posted on March 7, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 1.41% against the USD to close at 0.9104 as investors speculated that the Reserve Bank of Australia (RBA) was running out of options to curb the currency’s recent strength … Continue reading →

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USD/CAD: Global factors could be a cause for a weakness in Canada’s economic performance, opines BoC’s John Murray

Posted on March 7, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.36% against the CAD to close at 1.0988. The Canadian Dollar gained ground against the US Dollar after data showed that building permits in Canada jumped 8.5% (MoM) … Continue reading →

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USD/CHF: Swiss Franc trading higher ahead of Switzerland’s employment and inflation data

Posted on March 7, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.82% against the CHF and closed at 0.8802. In the Asian session, at GMT0400, the pair is trading at 0.8797, with the USD trading 0.06% lower from yesterday’s … Continue reading →

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USD/JPY: Yen pares its losses in the Asian session

Posted on March 7, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.68% against the JPY and closed at 103.06 following a higher than expected fall in US initial jobless claims and after several Fed officials hinted at continuation of … Continue reading →

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GBP/USD: BoE refrained from altering its policy stance at its March meeting

Posted on March 7, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.16% against the USD and closed at 1.6741, despite Bank of England’s (BoE) decision to keep its interest rate unchanged at a record low level of 0.5% and maintain … Continue reading →

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EUR/USD: ECB kept its interest rate unchanged at 0.25% and upgraded its 2014 growth-outlook to 1.2%

Posted on March 7, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.95% against the USD and closed at 1.3863, as investors speculated that easing measure in the Euro-zone economy would not be implemented after the ECB President, Mario Draghi rubbished … Continue reading →

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AUD/USD: Australian economy turning a corner, says RBA’s John Edwards

Posted on March 6, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.25% against the USD to close at 0.8979, on positive reaction to Australia’s upbeat fourth-quarter GDP data. LME Copper prices rose 1.0% or $67.5/MT to $7102.5/MT. Aluminium prices jumped … Continue reading →

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