Monthly Archives: March 2014

USD/CAD: Loonie extends its fall in the Asian trading hours

Posted on March 4, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CAD to close at 1.1081, supported by an upbeat US ISM manufacturing PMI data and strong demand for safe-haven assets. In economic news, the Statistics … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: SVME PMI surged to a 33-month high in February

Posted on March 4, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.36% against the CHF and closed at 0.8830. In Switzerland, the SVME purchasing managers’ index unexpectedly rose to a 33-month high reading of 57.6 in February, from a … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Low interest rate in Japan offering incentives to yen-carry trade, opines BoJ Governor, Haruhiko

Posted on March 4, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.08% against the JPY and closed at 101.42, as traders cheered an upbeat US ISM manufacturing PMI report. In the Asian session, at GMT0400, the pair is trading … Continue reading →

Posted in USD/JPY | Comments Off

EUR/USD: Prolonged low inflation could risk derailing Euro-zone recovery, opines IMF Chief, Lagarde

Posted on March 4, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.28% against the USD and closed at 1.3736, as traders refrained from taking major bets in the risk-on, Euro, amid ongoing tensions in Ukraine. Negative sentiment for the Euro-bloc … Continue reading →

Posted in EUR/USD | Comments Off

Crude Oil: Crude extends its gains in the morning session

Posted on March 3, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 0.37% against the USD for the period ending 21:00GMT, closing at 102.46, as an upbeat rise in the US Chicago PMI bolstered the demand-outlook of the commodity in the nation. During … Continue reading →

Posted in Crude Oil | Comments Off

Silver: White metal trading higher, following Friday’s drop

Posted on March 3, 2014 by GCI Financial

Silver Movement On Friday, Silver prices declined 0.31% to USD21.20 per ounce during the period ending 21:00GMT. In the Asian session, at GMT0400, Silver is trading at 21.47, 1.29% higher from Friday’s close, as Russia’s seizure of Ukraine’s Crimea boosted … Continue reading →

Posted in Silver | Comments Off

Gold: Gold trading higher amid strong demand for safe haven assets

Posted on March 3, 2014 by GCI Financial

Gold Movement On Friday Gold prices traded lower by 0.38% against the USD in the period ending 21:00GMT, at 1325.60 per ounce, as risk-appetite among traders increased following upbeat Reuters/Michigan US consumer sentiment and Chicago PMI data. In the Asian … Continue reading →

Posted in Gold | Comments Off

AUD/USD: Aussie trading below its MA’s

Posted on March 3, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.32% against the USD to close at 0.8931. On Saturday, a report from China, Australia’s largest trading partner, showed that the NBS manufacturing PMI edged down to a reading of 50.2 in February, … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Canada’s annualised GDP rose more than market expectations for the fourth quarter

Posted on March 3, 2014 by GCI Financial

USDCAD Movement On Friday, the USD declined 0.60% against the CAD to close at 1.1056, following a dismal US GDP data for the fourth-quarter. Meanwhile, the Canadian Dollar gained ground against its US counterpart after a report showed that Canada’s … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc continues to trade higher in the Asian trading hours

Posted on March 3, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.96% against the CHF and closed at 0.8800. On the economic front, the KOF leading indicator in Switzerland rose surprisingly to a level of 2.03 in February, from previous month’s reading of 2.01. … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Capital spending in Japan rose at a slower pace than market expectations for fourth-quarter

Posted on March 3, 2014 by GCI Financial

USDJPY Movement On Friday, the USD marginally weakened against the JPY and closed at 102.07, following a lacklustre fourth-quarter US annualised GDP data. In the Asian session, at GMT0400, the pair is trading at 101.42, with the USD trading 0.63% … Continue reading →

Posted in USD/JPY | Comments Off