Daily Archives: March 20, 2020

Crude Oil: Oil extends its gains in Asian session

Posted on March 20, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 9.87% against the USD and closed at USD 24.93 per barrel, amid speculation that the US President, Donald Trump, might intervene in the price war between Saudi … Continue reading →

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Silver: White metal extends its gains in the Asian session

Posted on March 20, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.50% against the USD and closed at USD 12.11 per ounce. In the Asian session, at GMT0400, the pair is trading at 12.57, with silver trading 3.8% higher against … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on March 20, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 1.53% against the USD and closed at USD1462.40 per ounce, as investors preferred to keep money in cash against gold. In the Asian session, at GMT0400, the pair is … Continue reading →

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AUD/USD: Aussie reverses its losses in morning session

Posted on March 20, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 17.74% against the USD and closed at 0.5679, after Australia’s central bank eased its monetary policy. LME Copper prices declined 3.6% or $175.5/MT to $4,685.0/MT. Aluminium prices fell … Continue reading →

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USD/CAD: Canada’s new housing price index rose in February

Posted on March 20, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 11.41% against the CAD and closed at 1.4530. On the data front, Canada’s ADP employment rose less than expected by 7.2K in February, compared to an advance of … Continue reading →

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USD/CHF: Swiss National Bank holds interest rate

Posted on March 20, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 2.52% against the CHF and closed at 0.9881. On the data front, Switzerland’s trade surplus narrowed less-than-expected to CHF3.6 billion in February, compared to a revised trade surplus … Continue reading →

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USD/JPY: Japanese Yen trading higher in the morning session

Posted on March 20, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.74% against the JPY and closed at 110.96. In the Asian session, at GMT0400, the pair is trading at 110.19, with the USD trading 0.69% lower against the … Continue reading →

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

Posted on March 20, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 12.15% against the USD and closed at 1.1445. The Bank of England (BoE), in its monetary policy meeting, slashed its benchmark interest rate by 15bps to 0.1%, in … Continue reading →

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EUR/USD: Euro-zone’s construction output climbed more than expected in January

Posted on March 20, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 2.85% against the USD and closed at 1.0668. On the macro front, Euro-zone’s seasonally adjusted construction output rose 3.6% on a monthly basis in January, surpassing market forecast … Continue reading →

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