Daily Archives: May 22, 2020

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

Posted on May 22, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.83% against the USD and closed at USD33.87 per barrel, amid optimism over output cuts by major oil producers and hopes of recovery in oil demand. In … Continue reading →

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Silver: White metal extends its losses in the morning session

Posted on May 22, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 3.06% against the USD and closed at USD17.45 per ounce, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 17.31, with silver … Continue reading →

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Gold: Yellow metal trading a tad higher in the Asian session

Posted on May 22, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 1.35% against the USD and closed at USD1726.2 per ounce, amid strength in the greenback. In the Asian session, at GMT0300, the pair is trading at 1726.60, with gold … Continue reading →

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AUD/USD: Aussie extends its losses in the morning session

Posted on May 22, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 4.94% against the USD and closed at 0.6563. LME Copper prices rose 1.0% or $54.0/MT to $5,387.0/MT. Aluminium prices climbed 2.3% or $33.0/MT to $1,487.0/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s new housing price index recorded a flat reading April

Posted on May 22, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 6.97% against the CAD and closed at 1.3951. On the data front, Canada’s ADP employment declined by 226.7K in April, compared to a revised decline of 17.2K in … Continue reading →

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USD/CHF: Swiss Franc trading on a weaker footing this morning

Posted on May 22, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.72% against the CHF and closed at 0.9707. In the Asian session, at GMT0300, the pair is trading at 0.9712, with the USD trading 0.05% higher against the … Continue reading →

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USD/JPY: Japan’s national consumer price inflation slowed in April

Posted on May 22, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.32% against the JPY and closed at 107.60. In the Asian session, at GMT0300, the pair is trading at 107.59, with the USD trading marginally lower against the … Continue reading →

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GBP/USD: UK’s Markit manufacturing PMI advanced in May

Posted on May 22, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 6.18% against the USD and closed at 1.2223, amid speculation that the Bank of England (BoE) might cut interest rates below zero to support the economy. On the … Continue reading →

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EUR/USD: Euro-zone’s Markit manufacturing PMI climbed more-than-expected in May

Posted on May 22, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.27% against the USD and closed at 1.0950. On the macro front, Euro-zone’s Markit manufacturing PMI climbed to 39.5 in May, more than market expectations for a rise … Continue reading →

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