Daily Archives: July 8, 2020

Crude Oil: Oil trading higher, ahead of EIA’s weekly crude oil stockpiles data

Posted on July 8, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.57% against the USD and closed at USD40.4 per barrel, as surge in coronavirus cases across the globe stoked concerns over energy demand. Additionally, the American Petroleum … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on July 8, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.11% against the USD and closed at USD18.61 per ounce. In the Asian session, at GMT0300, the pair is trading at 18.63, with silver trading 0.11% higher against the … Continue reading →

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Gold: Yellow metal reverses its gains in the morning session

Posted on July 8, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.66% against the USD and closed at USD1807.70 per ounce, as increasing coronavirus cases raised doubts over global economic recovery. In the Asian session, at GMT0300, the pair is … Continue reading →

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AUD/USD: RBA keeps interest rates on hold

Posted on July 8, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.44% against the USD and closed at 0.6946. The Reserve Bank of Australia (RBA), in its interest rate decision, kept its key interest rate unchanged at 0.25%, as … Continue reading →

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USD/CAD: Canada’s Ivey manufacturing activity expanded for the first time in four months

Posted on July 8, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.51% against the CAD and closed at 1.3607. On the data front, Canada’s Ivey Purchasing Managers’ Index unexpectedly jumped to 58.2 in May, confounding market consensus for a … Continue reading →

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USD/CHF: Swiss Franc extends its losses in the Asian session

Posted on July 8, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.05% against the CHF and closed at 0.9425. In the Asian session, at GMT0300, the pair is trading at 0.9426, with the USD trading marginally higher against the … Continue reading →

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USD/JPY: Japan’s leading economic index unexpectedly rose in May

Posted on July 8, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.20% against the JPY and closed at 107.57. On the data front, Japan’s leading economic index unexpectedly rose to 79.3 in May, defying market forecast for a drop … Continue reading →

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GBP/USD: UK’s house prices dropped for the fourth consecutive month in June

Posted on July 8, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.38% against the USD and closed at 1.2542, amid optimism over Brexit talks. On the data front, UK’s Halifax house prices slid 0.1% on a monthly basis in … Continue reading →

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EUR/USD: EU cuts economic forecasts for the Euro-zone

Posted on July 8, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.34% against the USD and closed at 1.1274, after the European Commission downgraded its 2020 growth forecast for the euro area. The European Commission forecasted that the Euro-area … Continue reading →

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