Daily Archives: March 18, 2020

Crude Oil: Oil trading higher ahead of EIA’s weekly crude stockpiles data

Posted on March 18, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 8.34% against the USD and closed at USD26.80 per barrel, as the coronavirus pandemic slowed global economic growth and oil demand. Separately, the American petroleum Institute (API) … Continue reading →

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Silver: White metal trading higher in the morning session

Posted on March 18, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 1.47% against the USD and closed at USD12.77 per ounce. In the Asian session, at GMT0400, the pair is trading at 12.83, with silver trading 0.51% higher against the … Continue reading →

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Gold: Yellow metal reverses its gains in the Asian session

Posted on March 18, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 1.23% against the USD and closed at USD1534.00 per ounce, after the US Federal Reserve announced plans to relaunch purchases of short-term corporate debt. In the Asian session, at … Continue reading →

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AUD/USD: Aussie reverses its losses in morning session

Posted on March 18, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 13.18% against the USD and closed at 0.5994. LME Copper prices declined 0.1% or $6.0/MT to $5,205.0/MT. Aluminium prices fell 0.8% or $12.5/MT to $1,628.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie reverses its losses in the morning session

Posted on March 18, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 9.16% against the CAD and closed at 1.4237. On the data front, Canada’s manufacturing sales dropped 0.2% on a monthly basis in January, less than market expectations for … Continue reading →

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USD/CHF: Swiss Franc extends its gains in the morning session

Posted on March 18, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CHF and closed at 0.9596. In the Asian session, at GMT0400, the pair is trading at 0.9583, with the USD trading 0.14% lower against the … Continue reading →

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USD/JPY: Japan’s adjusted merchandise trade balance recorded a surplus in February

Posted on March 18, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.53% against the JPY and closed at 107.36. In the Asian session, at GMT0400, the pair is trading at 107.14, with the USD trading 0.20% lower against the … Continue reading →

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GBP/USD: British Pound trading higher in the morning session

Posted on March 18, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 7.13% against the USD and closed at 1.2099. On the data front, UK’s average earnings including bonus rose 3.1% on an annual basis in the three months ended … Continue reading →

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EUR/USD: Euro reverses its losses in the Asian session

Posted on March 18, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 1.32% against the USD and closed at 1.1019. On the macro front, Euro-zone’s ZEW economic sentiment indicator slumped to -49.5 in March, confounding market forecast for a rise … Continue reading →

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