Daily Archives: July 10, 2020

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

Posted on July 10, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 3.25% against the USD and closed at USD39.59 per barrel, amid fears that lockdown restrictions would be re-implemented due to surging coronavirus cases worldwide. In the Asian … Continue reading →

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Silver: White metal reverses its losses in the morning session

Posted on July 10, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.7% against the USD and closed at USD19.02 per ounce. In the Asian session, at GMT0400, the pair is trading at 19.025, with silver trading slightly higher against the … Continue reading →

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Gold: Yellow metal extends its losses in the Asian session

Posted on July 10, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.65% against the USD and closed at USD1807.50 per ounce, after economic data showed that US jobless claims declined more than expected and amid strength in the greenback. In … Continue reading →

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AUD/USD: Aussie trading on a weaker footing this morning

Posted on July 10, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.34% against the USD and closed at 0.6959. LME Copper prices rose 2.4% or $145.5/MT to $6,339.5/MT. Aluminium prices climbed 2.5% or $40.5/MT to $1,659.5/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s housing starts increased more-than-expected in June

Posted on July 10, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.49% against the CAD and closed at 1.3584. On the data front, Canada’s housing starts rose to 211.7K on a yearly basis in June, more than market forecast … Continue reading →

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USD/CHF: Swiss Franc trading lower in the morning session

Posted on July 10, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.20% against the CHF and closed at 0.9403. In the Asian session, at GMT0300, the pair is trading at 0.9417, with the USD trading 0.15% higher against the … Continue reading →

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USD/JPY: Japan’s producer price index fell less-than-expected in June

Posted on July 10, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.07% against the JPY and closed at 107.21. In the Asian session, at GMT0300, the pair is trading at 107.06, with the USD trading 0.14% lower against the … Continue reading →

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GBP/USD: British Pound trading on a negative footing this morning

Posted on July 10, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.05% against the USD and closed at 1.2604. In the Asian session, at GMT0300, the pair is trading at 1.2589, with the GBP trading 0.12% lower against the … Continue reading →

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

Posted on July 10, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.41% against the USD and closed at 1.1286. On the macro front, Germany’s trade surplus widened to €7.6 billion in May, more than market expectations for a surplus … Continue reading →

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