Monthly Archives: March 2014

USD/CHF: Swiss economy to gain momentum in next two years, SECO

Posted on March 19, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF and closed at 0.8733. Yesterday, the Swiss State Secretariat for Economic Affairs (SECO) reaffirmed its previous assessment of the economic upturn in Switzerland and … Continue reading →

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USD/JPY: Japan reported record trade deficit in February

Posted on March 19, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.42% against the JPY and closed at 101.48 as traders speculated that the Fed may abandon its 6.5% unemployment target which it uses as a benchmark for its … Continue reading →

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GBP/USD: Pound trading slightly lower ahead of the BoE’s most recent policy meeting minutes

Posted on March 19, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.26% against the USD and closed at 1.6596, after Ukraine remained firm on its view that the Crimea peninsula would continue to be part of its country, suggesting more … Continue reading →

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EUR/USD: Euro trading tad lower ahead of the Fed monetary policy decision

Posted on March 19, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR marginally rose against the USD and closed at 1.3929. The EUR initially lost ground after the economic sentiment data from the Euro-zone and Germany disappointed investors, fuelling concerns over the … Continue reading →

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Crude Oil: Crude trading lower as traders digested sanctions on Russia

Posted on March 18, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.10% against the USD for the 24 hour period ending 23:00GMT, closing at 98.03, amid speculation that Crimea’s vote to join Russia and the US and European Union’s sanction against Russia would not … Continue reading →

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Silver: Silver trading below its MA’s

Posted on March 18, 2014 by GCI Financial

Silver Movement Silver prices declined 1.51% to USD 21.21 per ounce during the 24 hours ending 23:00GMT, tracking losses in the prices of gold. In the Asian session, at GMT0400, Silver is trading at 21.09, 0.56% lower from yesterday’s close. … Continue reading →

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Gold: Precious metal continues to trade lower in the morning session

Posted on March 18, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 1.47% against the USD in the 24 hour period ending 23:00GMT, at 1366.37 per ounce, as strong industrial production data from the US weighed on the demand-outlook of safe-haven assets. In the Asian … Continue reading →

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AUD/USD: RBA minutes confirmed policymakers’ view for a period of stability in interest rate

Posted on March 18, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.63% against the USD to close at 0.9084, after the Westpac Banking Corp dropped its view for an additional easing measure by the Reserve Bank of Australia (RBA) and … Continue reading →

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

Posted on March 18, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.32% against the CAD to close at 1.1061, as a soft New York Empire State manufacturing index report and concerns on the economic repercussion of an earthquake in … Continue reading →

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USD/CHF: Swiss Franc trading higher in the Asian session

Posted on March 18, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CHF and closed at 0.8735, following an upbeat US industrial production data. Yesterday, a monthly survey from Bloomberg, showed that majority of the economists believed … Continue reading →

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USD/JPY: Japan on track to meet its 2% inflation goal, opines BoJ Governor, Kuroda

Posted on March 18, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.54% against the JPY and closed at 101.90. The Japanese Yen gave up ground against its US counterpart as easing Ukraine tensions weighed on the demand-outlook of safe-haven … Continue reading →

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