Daily Archives: May 29, 2020

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

Posted on May 29, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 7.23% against the USD and closed at USD33.66 per barrel, amid rising demand for US gasoline. Separately, the Energy Information Administration (EIA) reported that crude oil inventories … Continue reading →

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Silver: White metal trading on a stronger footing this morning

Posted on May 29, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.82% against the USD and closed at USD17.94 per ounce. In the Asian session, at GMT0300, the pair is trading at 17.95, with silver trading 0.08% higher against the … Continue reading →

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Gold: Yellow metal reverses its gains in the morning session

Posted on May 29, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.54% against the USD and closed at USD1733.20 per ounce, as rising tensions between the US and China increased demand for the safe haven metal. In the Asian session, … Continue reading →

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AUD/USD: Australia’s private sector credit remained steady in April

Posted on May 29, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 3.98% against the USD and closed at 0.6629. LME Copper prices declined 0.6% or $30.0/MT to $5,278.5/MT. Aluminium prices fell 0.2% or $3.5/MT to $1,500.5/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s current account deficit widened in 1Q20

Posted on May 29, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 5.63% against the CAD and closed at 1.3776. On the data front, Canada’s current account deficit widened to C$11.1 billion in the first quarter of 2020, more than … Continue reading →

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

Posted on May 29, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CHF and closed at 0.9645. In the Asian session, at GMT0300, the pair is trading at 0.9633, with the USD trading 0.12% lower against the … Continue reading →

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USD/JPY: Japan’s industrial production dropped in April

Posted on May 29, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.22% against the JPY and closed at 107.71. In the Asian session, at GMT0300, the pair is trading at 107.40, with the USD trading 0.29% lower against the … Continue reading →

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

Posted on May 29, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.43% against the USD and closed at 1.2320. In the Asian session, at GMT0300, the pair is trading at 1.2328, with the GBP trading 0.06% higher against the … Continue reading →

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EUR/USD: Euro-zone’s economic confidence improved in May

Posted on May 29, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.54% against the USD and closed at 1.1074. On the macro front, Euro-zone’s the economic sentiment indicator advanced to 67.5 in May, less than market expectations for a … Continue reading →

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