Daily Archives: June 9, 2017

Crude Oil: Oil extends its losses, ahead of Baker Hughes rig count data

Posted on June 9, 2017 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.39% against the USD and closed at USD45.70 per barrel, on signs that the market remains bloated with oil oversupply despite an ongoing effort led by OPEC … Continue reading →

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Silver: White metal trading lower in the morning session

Posted on June 9, 2017 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 1.02% against the USD and closed at USD17.40 per ounce, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 17.34, with the … Continue reading →

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Gold: Yellow metal trading on a weaker footing this morning

Posted on June 9, 2017 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.53% against the USD and closed at USD1282.70 per ounce, amid strength in the greenback. In the Asian session, at GMT0300, the pair is trading at 1276.90, with the … Continue reading →

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AUD/USD: Aussie Dollar trading a tad higher this morning

Posted on June 9, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.16% against the USD and closed at 0.7534. LME Copper prices rose 1.3% or $72.0/MT to $5647.5/MT. Aluminium prices declined 0.05% or $1.0/MT to $1902.5/MT. In the Asian … Continue reading →

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USD/CAD: Canadian housing starts sharply declined in May

Posted on June 9, 2017 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD slightly rose against the CAD and closed at 1.3515. On the data front, Canada’s seasonally adjusted housing starts dropped more-than-expected to a level of 194.7K in May, compared to … Continue reading →

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USD/CHF: Swiss unemployment unexpectedly remained unchanged in May

Posted on June 9, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.39% against the CHF and closed at 0.9684. On the macro front, Switzerland’s seasonally adjusted unemployment rate surprisingly remained steady at a level of 3.2% in May, while … Continue reading →

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USD/JPY: Japan’s tertiary industry index rebounded more-than-anticipated in April

Posted on June 9, 2017 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the JPY and closed at 110.00. In economic news, data showed that Eco-Watchers Survey for the current situation rose to a level of 48.6 in May, … Continue reading →

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GBP/USD: Pound trading on a weaker footing, ahead of UK election verdict

Posted on June 9, 2017 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.39% against the USD and closed at 1.2776, after an exit poll indicated that the British Prime Minister, Theresa May is losing her parliamentary majority in Britain’s election, … Continue reading →

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EUR/USD: ECB keeps monetary policy on hold and rules out further rate cuts

Posted on June 9, 2017 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.52% against the USD and closed at 1.1199, after the European Central Bank (ECB) trimmed its inflation forecasts for the next three years. The ECB, at its latest … Continue reading →

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