Daily Archives: June 16, 2020

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

Posted on June 16, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 6.43% against the USD and closed at USD37.26 per barrel, as production cuts by the major oil producers outweighed demand fears in the new wave of coronavirus … Continue reading →

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Silver: White metal extends its gains in the morning session

Posted on June 16, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.09% against the USD and closed at USD17.58 per ounce. In the Asian session, at GMT0300, the pair is trading at 17.61, with silver trading 0.20% higher against the … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on June 16, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.35% against the USD and closed at USD1733.80 per ounce, after the US dollar strengthened, amid worries on fresh wave of coronavirus infections. In the Asian session, at GMT0300, … Continue reading →

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AUD/USD: Australia’s economic slowdown possibly shallower than previously thought, indicates RBA

Posted on June 16, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.55% against the USD and closed at 0.6942. LME Copper prices declined 2.4% or $139.5/MT to $5,646.0/MT. Aluminium prices fell 0.9% or $14.0/MT to $1,546.0/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s manufacturing sales contracted in April

Posted on June 16, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 3.86% against the CAD and closed at 1.3545. On the data front, Canada’s manufacturing sales plunged 28.5% on a monthly basis in April, more than market expectations for … Continue reading →

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USD/CHF: Switzerland’s producer and import prices dropped in May

Posted on June 16, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 1.54% against the CHF and closed at 0.9490. On the data front, Switzerland’s producer and import prices dropped 4.5% on a yearly basis in May, less than market … Continue reading →

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USD/JPY: Japan’s tertiary industry index fell in April

Posted on June 16, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.5% against the JPY and closed at 107.40. On the data front, Japan’s tertiary industry index fell 6.0% on a monthly basis in April, compared to a fall … Continue reading →

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

Posted on June 16, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 3.12% against the USD and closed at 1.2622, as investors await the result of meeting between the UK and European Commission about Brexit trade negotiations. In the Asian … Continue reading →

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EUR/USD: Euro-zone’s trade surplus narrowed in April

Posted on June 16, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.63% against the USD and closed at 1.1326. On the macro front, Euro-zone’s trade surplus narrowed to €1.2 billion in April, recording its lowest level since 2011 and … Continue reading →

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