Daily Archives: May 18, 2020

Crude Oil: Oil trading on a stronger footing this morning

Posted on May 18, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 7.20% against the USD and closed at USD29.63 per barrel on Friday, amid signs of recovery in oil demand. Additionally, Baker Hughes reported that US oil drilling … Continue reading →

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Silver: White metal trading higher in the morning session

Posted on May 18, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 5.18% against the USD and closed at USD17.06 per ounce on Friday, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 17.65, … Continue reading →

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Gold: Yellow metal extends its gains in the Asian session

Posted on May 18, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.79% against the USD and closed at USD1753.50 per ounce on Friday, amid renewed US-China trade tensions. In the Asian session, at GMT0300, the pair is trading at 1773.40, … Continue reading →

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

Posted on May 18, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 7.07% against the USD and closed at 0.6416 on Friday. LME Copper prices rose 0.2% or $9.5/MT to $5,165.0/MT. Aluminium prices declined 0.1% or $1.0/MT to $1,432.5/MT. In … Continue reading →

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

Posted on May 18, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 8.11% against the CAD and closed at 1.41 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.4071, with the USD trading 0.21% lower … Continue reading →

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

Posted on May 18, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.85% against the CHF and closed at 0.9720 on Friday. In the Asian session, at GMT0300, the pair is trading at 0.9715, with the USD trading 0.05% lower … Continue reading →

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USD/JPY: Japan’s gross domestic product fell in 1Q 2020

Posted on May 18, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.69% against the JPY and closed at 107.19 on Friday. In the Asian session, at GMT0300, the pair is trading at 107.12, with the USD trading 0.07% lower … Continue reading →

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GBP/USD: British Pound extends its losses in the morning session

Posted on May 18, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 6.98% against the USD and closed at 1.2119 on Friday, after the British government reiterated its disagreement to extend the Brexit transition period this December and refused to … Continue reading →

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EUR/USD: Euro-zone’s economy contracted at its sharpest pace in 1Q 2020

Posted on May 18, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.13% against the USD and closed at 1.0818 on Friday. On the macro front, Euro-zone’s gross domestic product (GDP) slid 3.8% on quarterly basis in first quarter of … Continue reading →

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