Daily Archives: September 6, 2017

Crude Oil: Oil trading lower, ahead of API’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.55% against the USD and closed at USD48.61 per barrel, amid easing concerns over mounting US crude inventories as refineries, which were destroyed by the Hurricane Harvey, … Continue reading

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Silver: White metal trading on a weaker footing this morning

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.22% against the USD and closed at USD18.00 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 17.98, with the … Continue reading

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Gold: Yellow metal reverses its gains in the morning session

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.51% against the USD and closed at USD1345.50 per ounce, amid a broad weakness in the US Dollar. In the Asian session, at GMT0300, the pair is trading at … Continue reading

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AUD/USD: Australian economic growth strengthened in 2Q 2017

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.73% against the USD and closed at 0.8005. LME Copper prices rose 0.5% or $31.0/MT to $6904.0/MT. Aluminium prices declined 0.6% or $13.5/MT to $2082.0/MT. In the Asian … Continue reading

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USD/CAD: Loonie trading lower, ahead of BoC’s interest rate decision

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.36% against the CAD and closed at 1.2367. In the Asian session, at GMT0300, the pair is trading at 1.2383, with the USD trading 0.13% higher against the … Continue reading

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USD/CHF: Swiss economy grew weaker-than-expected in 2Q 2017

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.46% against the CHF and closed at 0.9539. Macroeconomic data indicated that Switzerland’s seasonally adjusted gross domestic product (GDP) rose less-than-expected by 0.3% on a quarterly basis in … Continue reading

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USD/JPY: Japanese Yen trading on a weaker footing this morning

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.98% against the JPY and closed at 108.62. In the Asian session, at GMT0300, the pair is trading at 108.71, with the USD trading 0.08% higher against the … Continue reading

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GBP/USD: UK’s service sector growth slowed to nearly 1-year low level in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.88% against the USD and closed at 1.3041, as investors brushed-off disappointing UK services sector report. Data indicated that Britain’s Markit services PMI declined more-than-expected to a level … Continue reading

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EUR/USD: Euro-zone’s services sector growth revised lower in August, while German services sector activity notched a 2-month high in the same month

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.21% against the USD and closed at 1.1921. In economic news, the Euro-zone’s final Markit services PMI fell more than initially estimated to a level of 54.7 in … Continue reading

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