Daily Archives: May 7, 2020

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

Posted on May 7, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 6.05% against the USD and closed at USD23.77 per barrel, amid concerns over crude oil supply glut and following a rise in US inventories. The Energy Information … Continue reading →

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Silver: White metal trading higher in the morning session

Posted on May 7, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 1.06% against the USD and closed at USD14.98 per ounce. In the Asian session, at GMT0300, the pair is trading at 15.08, with silver trading 0.70% higher against the … Continue reading →

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Gold: Yellow metal reverses its losses in the morning session

Posted on May 7, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 1.58% against the USD and closed at USD1686.70 per ounce, amid strength in the greenback and after some countries began reopening their economies. In the Asian session, at GMT0300, … Continue reading →

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AUD/USD: Australia’s AiG performance of services index tumbled in April

Posted on May 7, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 7.49% against the USD and closed at 0.6387. LME Copper prices rose 1.7% or $88.0/MT to $5,199.5/MT. Aluminium prices climbed 0.3% or $4.5/MT to $1443.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading on a stronger footing this morning

Posted on May 7, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 8.63% against the CAD and closed at 1.4168. In the Asian session, at GMT0300, the pair is trading at 1.4130, with the USD trading 0.27% lower against the … Continue reading →

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USD/CHF: Swiss Franc trading flat in the Asian session

Posted on May 7, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 1.18% against the CHF and closed at 0.9752. In the Asian session, at GMT0300, the pair is trading at 0.9752, with the USD trading flat against the CHF … Continue reading →

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

Posted on May 7, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 3.71% against the JPY and closed at 106.06. In the Asian session, at GMT0300, the pair is trading at 106.18, with the USD trading 0.11% higher against the … Continue reading →

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GBP/USD: UK’s Markit construction PMI shrinks most since 1997 in April

Posted on May 7, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.36% against the USD and closed at 1.2330. On the data front, UK’s Markit construction PMI plunged to 8.2 in April, marking its lowest level since the data … Continue reading →

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EUR/USD: Euro-zone’s retail sales declined more-than-expected in March

Posted on May 7, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.39% against the USD and closed at 1.0796. On the macro front, Euro-zone’s Markit services PMI dropped to 12.0 in April, compared to a level of 26.4 in … Continue reading →

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