Monthly Archives: March 2016

USD/JPY: No plan to cut interest rates further into negative territory for now, says the BoJ Governor

Posted on March 4, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.13% against the JPY and closed at 113.71. In the Asian session, at GMT0400, the pair is trading at 113.64, with the USD trading 0.06% lower from yesterday’s … Continue reading →

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GBP/USD: UK’s services PMI declined to the lowest level since March 2013.

Posted on March 4, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.64% against the USD and closed at 1.4171. In economic news, UK’s Markit services PMI dropped to nearly a three-year low of of 52.7 in February, thus darkening … Continue reading →

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EUR/USD: Euro-zone’s service’s sector activity at 13-month low level

Posted on March 4, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.72% against the USD and closed at 1.0948, following better than expected services PMI data in the Euro-zone and Germany. Data showed that Euro-zone’s final Markit services PMI … Continue reading →

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Crude Oil: Oil extends its gains in the Asian session

Posted on March 3, 2016 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.54% against the USD and closed at 34.73, as investors shrugged off data indicating record high US crude stockpiles and turned their attention to OPEC’s plan to … Continue reading →

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Silver: White metal trading lower this morning

Posted on March 3, 2016 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 1.04% against the USD and closed at 14.99, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 14.93, with the silver trading … Continue reading →

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Gold: Yellow metal trading on a weaker footing this morning

Posted on March 3, 2016 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.78% against the USD and closed at 1241.70, amid a broad weakness in the greenback coupled with a better-than-expected US non-farm private employment data. In the Asian session, at … Continue reading →

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AUD/USD: Australia’s trade deficit narrowed in January

Posted on March 3, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 1.54% against the USD and closed at 0.7286. In economic news, data indicated that Australia’s AiG performance of services index entered into expansionary territory after registering a level … Continue reading →

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USD/CAD: Loonie trading on a stronger footing this morning

Posted on March 3, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CAD and closed at 1.3431. In the Asian session, at GMT0400, the pair is trading at 1.3428, with the USD trading marginally lower from yesterday’s … Continue reading →

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USD/CHF: Swiss economy grew at a faster-than-expected pace in Q4 2015.

Posted on March 3, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CHF and closed at 0.9965. The Swiss Franc gained ground, after the Swiss GDP topped market expectations in Q4 2015, amidst uncertain global scenario and … Continue reading →

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USD/JPY: Japanese Yen reverses its gains in the Asian session

Posted on March 3, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.38% against the JPY and closed at 113.56. In the Asian session, at GMT0400, the pair is trading at 113.92, with the USD trading 0.32% higher from yesterday’s … Continue reading →

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GBP/USD: UK’s construction activity declined to a 10-month low level in February

Posted on March 3, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.9% against the USD and closed at 1.4081. On the economic front, UK’s construction PMI unexpectedly fell to a level of 54.2 in February, touching its ten-month low … Continue reading →

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