Monthly Archives: March 2014

Crude Oil: EIA reported 1.4 million barrels rise in the US crude supplies

Posted on March 6, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 2.15% against the USD for the 24 hour period ending 23:00GMT, closing at 101.00 after the Energy Information Administration (EIA) reported 1.4 million barrels rise in the weekly US crude inventories for the … Continue reading →

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

Posted on March 6, 2014 by GCI Financial

Silver Movement Silver prices rose 0.14% to USD 21.20 per ounce during the 24 hours ending 23:00GMT, mirroring gains in the price of industrial metals. In the Asian session, at GMT0400, Silver is trading at 21.22, 0.08% higher from yesterday’s … Continue reading →

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Gold: Yellow metal extends gains in the Asian session

Posted on March 6, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.17% against the USD in the 24 hour period ending 23:00GMT, at 1337.00 per ounce, as soft US service PMI and private-sector employment data bolstered the safe-haven appeal of the metal. In the … Continue reading →

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USD/CAD: BoC kept its interest rate unchanged at 1% at its March policy meeting

Posted on March 6, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.52% against the CAD to close at 1.1030. The Canadian Dollar rose against its US counterpart after the Bank of Canada (BoC) decided to keep its interest rate … Continue reading →

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USD/CHF: Swiss Franc trading above its MA’s

Posted on March 6, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD traded marginally higher against the CHF and closed at 0.8875. In the Asian session, at GMT0400, the pair is trading at 0.8888, with the USD trading 0.15% higher from … Continue reading →

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USD/JPY: Yen trading lower in the morning session

Posted on March 6, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.16% against the JPY and closed at 102.38. Yesterday, the Bank of Japan (BoJ) Governor, Haruhiko Kuroda reiterated that the central bank’s policy measures are targeted towards ending … Continue reading →

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GBP/USD: Pound trading tad lower ahead of the BoE’s policy decision

Posted on March 6, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.30% against the USD and closed at 1.6715, as traders reacted positively to a less-than-expected fall in the UK Markit service PMI data. The Markit Economics reported that its … Continue reading →

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EUR/USD: ECB should cut interest rates and either increase LTRO or undertake QE to avert deflation, urges IMF

Posted on March 6, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.08% against the USD and closed at 1.3731, as traders refrained from taking major bets in the Euro-bloc’s common currency ahead of the ECB interest rate decision. Negative sentiment … Continue reading →

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Crude Oil: API reported a less than expected rise in the US weekly crude supplies

Posted on March 5, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.39% against the USD for the 24 hour period ending 23:00GMT, closing at 103.22, as concerns over the supply-outlook of the commodity eased after Russian President, Vladimir Putin ordered troops to return to … Continue reading →

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Silver: White metal snaps losses in the morning session

Posted on March 5, 2014 by GCI Financial

Silver Movement Silver prices declined 1.28% to USD21.17 per ounce during the 24 hours ending 23:00GMT, as easing concerns over Ukraine crisis dampened the demand-outlook of safe-haven assets. Separately, media report anticipated a fall in the shipment of silver to … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on March 5, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 1.18% against the USD in the 24 hour period ending 23:00GMT, at 1334.76 per ounce, as tensions over Ukraine crisis eased following withdrawal of Russian military troops from Ukraine borders. Yesterday, the CEO … Continue reading →

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