Daily Archives: August 28, 2019

Crude Oil: Oil trading lower, ahead of EIA’s weekly crude oil stockpiles data

Posted on August 28, 2019 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 3.17% against the USD and closed at USD55.59 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories declined by 11.1 million barrels … Continue reading →

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Silver: White metal trading on a weaker footing this morning

Posted on August 28, 2019 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 2.96% against the USD and closed at USD18.29 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 18.24, with silver … Continue reading →

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Gold: Yellow metal reverses its gains in the morning session

Posted on August 28, 2019 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.93% against the USD and closed at USD1551.00 per ounce, amid weakness in the US equities and continuing US-China trade tensions. In the Asian session, at GMT0300, the pair … Continue reading →

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AUD/USD: Australia’s construction work done fell for the fourth consecutive quarter in 2Q 2019

Posted on August 28, 2019 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.30% against the USD and closed at 0.6753. LME Copper prices declined 0.2% or $13.0/MT to $5662.0/MT. Aluminium prices fell 0.1% or $2.0/MT to $1744.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie extends its losses amid dovish sentiments

Posted on August 28, 2019 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CAD and closed at 1.3284. The Canadian dollar declined against the US dollar, amid speculations of an unanticipated rate cut in the upcoming monetary policy … Continue reading →

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USD/CHF: Swiss Franc trading a tad lower in the morning session

Posted on August 28, 2019 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.9815. In the Asian session, at GMT0300, the pair is trading at 0.9817, with the USD trading marginally higher against the … Continue reading →

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USD/JPY: Japanese Yen reverses its gains in the Asian session

Posted on August 28, 2019 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.30% against the JPY and closed at 105.78. In the Asian session, at GMT0300, the pair is trading at 105.84, with the USD trading 0.06% higher against the … Continue reading →

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GBP/USD: UK’s BBA mortgage approvals rose to a 2.5-year high level in July

Posted on August 28, 2019 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.52% against the USD and closed at 1.2285, amid continuous efforts by opposition political parties to avoid a ‘no-deal’ Brexit on 31 October. Data indicated that UK’s BBA … Continue reading →

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EUR/USD: Germany’s economy contracted as initially estimated in 2Q 2019

Posted on August 28, 2019 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.1092. On the macro front, Germany’s seasonally adjusted final gross domestic product (GDP) fell 0.1% on a quarterly basis in 2Q … Continue reading →

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