Monthly Archives: March 2016

EUR/USD: US Fed’s Beige Book points to continued modest growth

Posted on March 3, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose marginally against the USD and closed at 1.0870. In economic news, the Euro-zone’s producer price index fell by 1.0% MoM in January, in line with market expectations and … Continue reading →

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

Posted on March 2, 2016 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.06% against the USD and closed at 33.87, after the Russian Energy Minister, Alexander Novak, stated that oil firms in the country support a pledge to freeze … Continue reading →

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Silver: White metal trading on a weaker footing in the Asian session

Posted on March 2, 2016 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.64% against the USD and closed at 14.84, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 14.83, with the silver trading … Continue reading →

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Gold: Yellow metal extends its losses in the Asian session

Posted on March 2, 2016 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.66% against the USD and closed at 1232.10, after upbeat US economic data helped fuel a rally in global equity markets and dented the demand for the safe-haven yellow … Continue reading →

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AUD/USD: Australian economy grew at a faster-than-expected pace in Q4 2015

Posted on March 2, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.37% against the USD and closed at 0.7176. LME Copper prices rose 0.45% or $21.0/MT to $4726.0/MT. Aluminium prices declined 1.91% or $31.0/MT to $1590.5/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s GDP expanded more than expected on a monthly basis in December

Posted on March 2, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.82% against the CAD and closed at 1.3423. The Canadian dollar gained ground, after Canada’s GDP expanded more-than-anticipated by 0.2% MoM in December, after expanding by 0.3% in … Continue reading →

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USD/CHF: Swiss Franc reverses its gains, ahead of Switzerland’s Q4 GDP data

Posted on March 2, 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 0.9974. In economic news, Switzerland’s manufacturing PMI unexpectedly rose to a level of 51.6 in February, following a reading of 50.0 … Continue reading →

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USD/JPY: Japanese Yen trading higher this morning

Posted on March 2, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 1.49% against the JPY and closed at 113.99. In the Asian session, at GMT0400, the pair is trading at 113.91, with the USD trading 0.07% lower from yesterday’s … Continue reading →

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GBP/USD: UK’s manufacturing PMI declined to its lowest level in 34-months

Posted on March 2, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.21% against the USD and closed at 1.3956. On the economic front, UK’s seasonally adjusted Markit manufacturing PMI fell more-than-anticipated to nearly a 3-year low level of 50.8 … Continue reading →

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EUR/USD: Euro-zone’s unemployment rate surprisingly fell to its lowest level in more than 4 years in January

Posted on March 2, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.14% against the USD and closed at 1.0868, following mixed economic data in the Euro-zone. Data showed that Euro-zone’s unemployment rate surprisingly fell to its lowest level since … Continue reading →

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Crude Oil: Oil trading lower in the Asian session

Posted on March 1, 2016 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 3.08% against the USD and closed at 33.85, buoyed by Saudi Arabia’s pledge to limit market volatility by freezing output at January levels. In the Asian session, … Continue reading →

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