Monthly Archives: March 2018

GBP/USD: Pound trading on a weaker footing, ahead of key economic releases in the UK

Posted on March 9, 2018 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.63% against the USD and closed at 1.3814. In the Asian session, at GMT0400, the pair is trading at 1.3805, with the GBP trading 0.07% lower against the … Continue reading →

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EUR/USD: ECB kept monetary policy unchanged, dropped its promise to extend stimulus if needed

Posted on March 9, 2018 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.71% against the USD and closed at 1.2315, after the European Central Bank (ECB) Chief, Mario Draghi struck a cautious tone on inflation and signalled that monetary policy … Continue reading →

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Crude Oil: Oil trading a tad higher in the morning session

Posted on March 8, 2018 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.3% against the USD and closed at USD61.30 per barrel, after the Energy Information Administration (EIA) reported that weekly US crude production surged to a record high … Continue reading →

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Silver: White metal reverses its losses in the Asian session

Posted on March 8, 2018 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 1.34% against the USD and closed at USD16.52 per ounce, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at USD16.55 per ounce, … Continue reading →

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Gold: Yellow metal trading higher in the Asian session

Posted on March 8, 2018 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.8% against the USD and closed at USD1326.30 per ounce, as robust US labour market report reinvigorated hopes of aggressive interest rate hikes by the US Fed this year. … Continue reading →

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AUD/USD: Australia posted a more-than-expected trade surplus in January

Posted on March 8, 2018 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.09% against the USD and closed at 0.7816. LME Copper prices declined 1.4% or $95.5/MT to $6873.0/MT. Aluminium prices declined 1.1% or $23.5/MT to $2112.5/MT. In the Asian … Continue reading →

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USD/CAD: BoC stands pat on interest rates, underlines growing trade uncertainty

Posted on March 8, 2018 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.07% against the CAD and closed at 1.2910. Yesterday, the Bank of Canada (BoC), at its March monetary policy meeting, opted to keep the benchmark lending rate unchanged … Continue reading →

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USD/CHF: Swiss Franc trading marginally higher, ahead of Swiss unemployment rate data

Posted on March 8, 2018 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.65% against the CHF and closed at 0.9433. In the Asian session, at GMT0400, the pair is trading at 0.9431, with the USD trading a tad lower against … Continue reading →

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USD/JPY: Japan’s economic growth revised sharply higher in 4Q 2017

Posted on March 8, 2018 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.35% against the JPY and closed at 106.10. In the Asian session, at GMT0400, the pair is trading at 106.06, with the USD trading slightly lower against the … Continue reading →

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GBP/USD: UK’s Halifax house prices rose for the first time since November 2017 in February

Posted on March 8, 2018 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.3901. On the macro front, Britain’s Halifax house price index rebounded 0.4% on a monthly basis in February, at par with … Continue reading →

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EUR/USD: Euro-zone’s economic growth slowed as initially estimated in 4Q 2017

Posted on March 8, 2018 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.06% against the USD and closed at 1.2411. On the macro front, the Euro-zone’s seasonally adjusted final gross domestic product (GDP) climbed 0.6% on a quarterly basis in … Continue reading →

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