Monthly Archives: March 2014

AUD/USD: A permanent depreciation in the Aussie could add to 1.0% of Australia’s GDP over the next 2-3 years, says RBA

Posted on March 20, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 1.10% against the USD to close at 0.9031. Yesterday, the Fitch rating agency, in a note, dampened negative sentiments for a drastic decline in Chinese demand for Australian commodities, … Continue reading →

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USD/CAD: Loonie trading lower in the Asian session

Posted on March 20, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.03% against the CAD to close at 1.1243. The Canadian Dollar was weighed down by the growing speculation that the Fed’s decision to scale back its stimulus package … Continue reading →

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USD/CHF: Swiss Franc’s safe-haven perception presents a challenge to monetary policy, says SNB Chief, Thomas Jordan

Posted on March 20, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.98% against the CHF and closed at 0.8819, following the Fed’s decision to trim its stimulus measure by yet another $10 billion. Traders also cheered the Fed Chief, … Continue reading →

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USD/JPY: Yen trading higher ahead of the BoJ Chief, Kuroda’s speech in Tokyo

Posted on March 20, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.95% against the JPY and closed at 102.44, after the US Fed trimmed its asset-purchase programme by another $10 billion and hinted the possibility for an interest rate … Continue reading →

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GBP/USD: UK claimant count change fell in February while the ILO unemployment rate came in unchanged in the three months to January

Posted on March 20, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.37% against the USD and closed at 1.6535, as the latter advanced after the US Fed policymakers decided to trim the size of the central bank’s stimulus package by … Continue reading →

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EUR/USD: EUR declined following the Fed’s decision to trim its stimulus package and project an interest rate hike in the middle of 2015

Posted on March 20, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.80% against the USD and closed at 1.3818. The greenback advanced against the Euro-zone’s common currency after the US Fed, in its 2-day policy meeting, trimmed the size of … Continue reading →

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AUD/USD: Aussie reverses its gains in the Asian session

Posted on March 19, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.53% against the USD to close at 0.9131 as risk appetite among investor got a lift from President Vladimir Putin’s comments that Russia wasn’t seeking to split Ukraine further. … Continue reading →

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USD/CAD: Loonie trading above its MA’s

Posted on March 19, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.61% against the CAD to close at 1.1128, after a report showed that the number of building permits issued in the US rose more than expected to a … Continue reading →

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Crude Oil: Oil trading tad higher this morning

Posted on March 19, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 1.45% against the USD for the 24 hour period ending 23:00GMT, closing at 99.44, as data pointed to a stabilisation in the US housing sector and after Enterprise Products Partners LP announced an … Continue reading →

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Silver: White metal reversed its losses in the Asian session

Posted on March 19, 2014 by GCI Financial

Silver Movement Silver prices declined 1.71% to the USD 20.85 per ounce during the 24 hours ending 23:00GMT, mirroring losses in the prices of gold. In the Asian session, at GMT0400, Silver is trading at 20.88, 0.17% higher from yesterday’s … Continue reading →

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Gold: Yellow metal trading higher ahead of the Fed’s meeting

Posted on March 19, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 0.74% against the USD in the 24 hour period ending 23:00GMT, at 1356.20 per ounce, as tensions in Ukraine eased, diminishing the safe haven appeal of the yellow metal. Separately, another report revealed … Continue reading →

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