Daily Archives: March 16, 2016

Crude Oil: Oil trading higher, ahead of the EIA’s weekly crude oil inventory data

Posted on March 16, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.34% against the USD for the 24-hour period ending 23:00GMT, closing at 36.85, as the Organization of Petroleum Exporting Countries (OPEC) indicated that demand for oil in 2016 could be lower than previously … Continue reading →

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Silver: White metal extends its losses this morning

Posted on March 16, 2016 by GCI Financial

Silver Movement Silver prices declined 0.58% to USD 15.30 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 15.28, with the silver trading 0.1% lower … Continue reading →

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Gold: Yellow metal trading flat in the Asian session

Posted on March 16, 2016 by GCI Financial

Gold Movement Gold prices traded lower by 0.28% against the USD in the 24-hour period ending 23:00GMT, at 1233.00 per ounce, extending its previous session losses, with investors awaiting the outcome of the US Federal Reserve monetary policy meeting. In … Continue reading →

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AUD/USD: Australia’s Westpac leading index dipped in February

Posted on March 16, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.65% against the USD to close at 0.7465. LME Copper prices declined 1.48% or $74.0/MT to $4920.0/MT. Aluminium prices declined 1.60% or $24.5/MT to $1508.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading on a weaker footing in the morning session

Posted on March 16, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.64% against the CAD to close at 1.3352. On the economic front, existing home sales in Canada advanced 0.8% MoM in February, following a rise of 0.5% in … Continue reading →

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USD/CHF: Swiss Franc reverses its gains in the Asian session

Posted on March 16, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CHF and closed at 0.9869. In the Asian session, at GMT0400, the pair is trading at 0.9876, with the USD trading 0.07% higher from yesterday’s … Continue reading →

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USD/JPY: Japanese Yen trading lower this morning

Posted on March 16, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.56% against the JPY and closed at 113.17. Yesterday, the BoJ Governor, Haruhiko Kuroda, indicated that it was theoretically possible for the central bank to undertake an additional … Continue reading →

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GBP/USD: Pound trading lower, ahead of the UK Budget report

Posted on March 16, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 1.01% against the USD and closed at 1.4157. In the Asian session, at GMT0400, the pair is trading at 1.4135, with the GBP trading 0.16% lower from yesterday’s … Continue reading →

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EUR/USD: Euro trading lower, ahead of the Euro-zone construction output data

Posted on March 16, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose marginally against the USD and closed at 1.1108. In economic news, Eurozone employment rose by 0.3% QoQ in 4Q 2015, the same rate of growth as seen in … Continue reading →

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