Monthly Archives: March 2016

USD/CAD: Loonie trading tad higher, ahead of Canada’s February consumer price inflation data

Posted on March 18, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.05% against the CAD to close at 1.2988. In economic news, Canadian wholesale sales remained flat on a monthly basis in January, compared to a revised advance of … Continue reading →

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USD/CHF: The SNB held key interest rate steady at -0.75%

Posted on March 18, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 1.09% against the CHF and closed at 0.9673. Yesterday, the Swiss National Bank (SNB) held benchmark interest rate steady at -0.75%, in line with market expectations. Further, the … Continue reading →

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USD/JPY: BoJ debated QE expansion and negative rates at January meeting, reveals minutes

Posted on March 18, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 1.18% against the JPY and closed at 111.39. Yesterday, the Bank of Japan (BoJ) Governor, Haruhiko Kuroda, indicated that domestic inflation had slowed temporarily due to plunging oil … Continue reading →

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GBP/USD: BoE leaves benchmark interest rate steady at 0.5%

Posted on March 18, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.57% against the USD and closed at 1.4472. Yesterday, the Bank of England’s (BoE) monetary policy committee unanimously voted to keep the key interest rate at a historic … Continue reading →

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EUR/USD: Euro trading flat in the morning session

Posted on March 18, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.89% against the USD and closed at 1.1318, after the Euro-zone’s consumer price inflation rose more-than-anticipated by 0.2% MoM in February, compared to a drop of 1.4% in … Continue reading →

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Crude Oil: Oil extends its gains in the Asian session

Posted on March 17, 2016 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 4.45% against the USD for the 24-hour period ending 23:00GMT, closing at 38.49, erasing its previous two session losses, after the Qatari oil minister, Mohammed Bin Saleh Al-Sada, confirmed plans of a meeting … Continue reading →

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Silver: White metal trading tad lower this morning

Posted on March 17, 2016 by GCI Financial

Silver Movement Silver prices rose 2.06% to USD 15.61 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 15.605, with the silver trading marginally lower … Continue reading →

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Gold: Yellow metal trading on a weaker footing in the morning session

Posted on March 17, 2016 by GCI Financial

Gold Movement Gold prices traded higher by 2.23% against the USD in the 24-hour period ending 23:00GMT, at 1260.50 per ounce, after the US Federal Reserve’s announcement that it would deliver just two rate hikes in 2016 compared to its … Continue reading →

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AUD/USD: Australian unemployment rate dropped to 5.8% in February

Posted on March 17, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 1.06% against the USD to close at 0.7544. LME Copper prices rose 0.51% or $25.0/MT to $4945.0/MT. Aluminium prices declined 0.86% or $13.0/MT to $1495.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie extends its gains in the Asian session

Posted on March 17, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.69% against the CAD to close at 1.3126. In economic news, Canadian manufacturing shipments advanced more-than-expected by 2.3% MoM in January, compared to investor expectations for a rise … Continue reading →

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USD/CHF: Swiss Franc trading tad higher, ahead of the SNB interest rate decision

Posted on March 17, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.91% against the CHF and closed at 0.9779, as the Fed lowered its projections future interest rate hikes and economic growth. In the Asian session, at GMT0400, the … Continue reading →

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