Monthly Archives: March 2014

AUD/USD: Australia’s GDP rose more than market estimates for the fourth quarter

Posted on March 5, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.38% against the USD to close at 0.8958. LME Copper prices rose marginally by $2.5/MT to $7035.0/MT. Aluminium prices advanced 0.7% or $12.5/MT to $1687.0/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading tad lower with focus of the BoC’s interest rate decision

Posted on March 5, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CAD to close at 1.1088. In the Asian session, at GMT0400, the pair is trading at 1.1092, with the USD trading marginally higher from yesterday’s … Continue reading →

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USD/CHF: Swiss Franc trading marginally lower in the morning session

Posted on March 5, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.51% against the CHF and closed at 0.8874. In the Asian session, at GMT0400, the pair is trading at 0.8875, with the USD trading slightly higher from yesterday’s … Continue reading →

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USD/JPY: Yen trading above its MA’s

Posted on March 5, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.79% against the JPY and closed at 102.22. The Japanese Yen lost ground against the US Dollar, as demand for safe-haven assets declined after Russia’s President, Vladimir Putin … Continue reading →

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GBP/USD: Pound trading tad higher ahead of the UK Inflation Report Hearing

Posted on March 5, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.6665, as a soft UK construction PMI data overshadowed optimism on easing Ukraine tensions. The UK construction PMI declined to a reading … Continue reading →

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EUR/USD: Interest rate hike to come in early 2015, expects Fed’s Jeffrey Lacker

Posted on March 5, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3742, as traders’ appetite for risk-taking increased after the Russian President, Vladimir Putin ordered military troops to return to their base from … Continue reading →

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GBP/USD: Pound continues to trade lower in the Asian session

Posted on March 4, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.42% against the USD and closed at 1.6665, as concerns over the Ukraine crisis and upbeat economic data from the US fuelled safe-haven greenback demand. However earlier during the … Continue reading →

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Crude Oil: Crude extends its winning streak in the Asian trading hours

Posted on March 4, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 104.67 as escalating tensions between Ukraine and Russia weighed on the supply-outlook of the commodity. Meanwhile, cold weather in the … Continue reading →

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Silver: White metal reverses its direction in the morning session

Posted on March 4, 2014 by GCI Financial

Silver Movement Silver prices rose 0.59% to USD 21.45 per ounce during the 24 hours ending 23:00GMT, as ongoing Ukraine crisis fuelled demand for safe-haven assets. In the Asian session, at GMT0400, Silver is trading at 21.43, 0.09% lower from … Continue reading →

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Gold: Yellow metal snaps gains in the morning session

Posted on March 4, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 1.34% against the USD in the 24 hour period ending 23:00GMT, at 1350.64 per ounce, buoyed by strong demand for safe-haven assets amid ongoing tensions in Ukraine. Meanwhile, upbeat manufacturing PMI data from … Continue reading →

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AUD/USD: RBA keeps its interest rate unchanged at 2.5%

Posted on March 4, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.22% against the USD to close at 0.8925. LME Copper prices declined 0.9% or $65.0/MT to $7032.5/MT. Aluminium prices fell 2.9% or $49.5/MT to $1674.5 /MT. In the Asian … Continue reading →

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