Daily Archives: May 26, 2020

Crude Oil: Oil trading higher, ahead of API’s weekly crude oil inventories data

Posted on May 26, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.23% against the USD and closed at USD33.86 per barrel. On Friday, Baker Hughes reported that US oil drilling rig count dropped by 21 to 237 for … Continue reading →

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Silver: White metal extends its gains in the morning session

Posted on May 26, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.14% against the USD and closed at USD17.63 per ounce. In the Asian session, at GMT0300, the pair is trading at 17.99, with silver trading 2.01% higher against the … Continue reading →

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Gold: Yellow metal trading on a stronger footing this morning

Posted on May 26, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold marginally declined against the USD and closed at USD1744.90 per ounce. In the Asian session, at GMT0300, the pair is trading at 1753.20, with gold trading 0.48% higher against the … Continue reading →

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

Posted on May 26, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 5.21% against the USD and closed at 0.6544. LME Copper prices declined 2.7% or $144.5/MT to $5,242.5/MT. Aluminium prices fell 0.9% or $14.0/MT to $1,473.0/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s retail sales dropped in March

Posted on May 26, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 7.18% against the CAD and closed at 1.3978. On the data front, Canada’s retail sales dropped 10.0% on a monthly basis in March, in line with market expectations … Continue reading →

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USD/CHF: Switzerland’s industrial production rose in 1Q20

Posted on May 26, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.81% against the CHF and closed at 0.9716. On the data front, Switzerland’s industrial production rose 0.8% on a yearly basis in the first quarter of 2020, compared … Continue reading →

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USD/JPY: Japan’s leading index dropped in March

Posted on May 26, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.19% against the JPY and closed at 107.74. The Bank of Japan (BoJ), in its monetary policy statement, pledged to utilise all necessary fiscal and monetary policy tools … Continue reading →

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GBP/USD: UK’s public sector net borrowing posted a deficit in April

Posted on May 26, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 6.43% against the USD and closed at 1.2190. On the data front, UK’s public sector net borrowing posted a more-than-expected deficit of £61.4 billion in April, following a … Continue reading →

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EUR/USD: Euro extends its gains in the morning session

Posted on May 26, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally rose against the USD and closed at 1.0896. The European Central Bank (ECB), in its latest monetary policy meeting accounts, indicated that it is “fully prepared” to provide … Continue reading →

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