Daily Archives: March 8, 2019

Crude Oil: Oil trading lower, ahead of Baker Hughes weekly rig count data

Posted on March 8, 2019 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.48% against the USD and closed at USD56.45 per barrel, after OPEC’s output declined by 60,000 barrels a day to 30.8 million barrels a day, marking its … Continue reading →

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Silver: White metal reverses its losses in the morning session

Posted on March 8, 2019 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.33% against the USD and closed at USD15.05 per ounce, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 15.06, with silver … Continue reading →

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Gold: Yellow metal trading higher in the Asian session

Posted on March 8, 2019 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.12% against the USD and closed at USD1286.10 per ounce, amid strength in the US dollar. In the Asian session, at GMT0400, the pair is trading at 1287.60, with … Continue reading →

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AUD/USD: Aussie extends its losses in the Asian session

Posted on March 8, 2019 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.13% against the USD and closed at 0.7018. LME Copper prices declined 0.7% or $47.0/MT to $6458.0/MT. Aluminium prices declined 0.3% or $5.0/MT to $1841.0/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s building permits declined beyond expectations in January

Posted on March 8, 2019 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CAD and closed at 1.3452. Data revealed that Canada’s building permits slid 5.5% on a monthly basis in January, more than market anticipations for a … Continue reading →

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USD/CHF: Switzerland’s unemployment rate remained steady in February

Posted on March 8, 2019 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.58% against the CHF and closed at 1.0109. In economic news, Switzerland’s seasonally adjusted unemployment rate remained unchanged at a rate of 2.4% in February, in line with … Continue reading →

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USD/JPY: Japan economy grew more-than-anticipated in 4Q 2018

Posted on March 8, 2019 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the JPY and closed at 111.59. In the Asian session, at GMT0400, the pair is trading at 111.40, with the USD trading 0.17% lower against the … Continue reading →

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GBP/USD: Britain’s Halifax house prices advanced more-than-estimated in February

Posted on March 8, 2019 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.68% against the USD and closed at 1.3083. On the macro front, data showed that UK’s Halifax house price index advanced 5.9% on a monthly basis in February, … Continue reading →

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EUR/USD: The ECB kept its benchmark interest rate unchanged, downgraded growth forecast

Posted on March 8, 2019 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 1.01% against the USD and closed at 1.1195, after the European Central Bank (ECB) decided not to raise interest rates until 2020 and slashed its growth forecast for … Continue reading →

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