Monthly Archives: October 2017

Gold: Yellow metal trading higher in the Asian session

Posted on October 26, 2017 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.09% against the USD and closed at USD1279.00 per ounce, as a decline in global equities and weakness in the US Dollar boosted demand for the precious yellow metal. … Continue reading →

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AUD/USD: Aussie Dollar trading on a stronger footing this morning

Posted on October 26, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.96% against the USD and closed at 0.7702. LME Copper prices declined 1.5% or $103.0/MT to $6970.0/MT. Aluminium prices rose 0.3% or $5.5/MT to $2149.5/MT. In the Asian … Continue reading →

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USD/CAD: BoC holds interest rate steady, will be cautious in making future adjustments to rate

Posted on October 26, 2017 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.03% against the CAD and closed at 1.2802. The Canadian Dollar lost ground, after the Bank of Canada (BoC), at its latest monetary policy meeting, expressed caution on … Continue reading →

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USD/CHF: Swiss ZEW economic expectations index advanced in October, UBS consumption indicator rose in September

Posted on October 26, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CHF and closed at 0.9892. On the macro front, Switzerland’s ZEW economic expectations index rose to a level of 32.0 in October. In the previous … Continue reading →

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USD/JPY: Japanese Yen extends its gains in the morning session

Posted on October 26, 2017 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.27% against the JPY and closed at 113.63. In the Asian session, at GMT0300, the pair is trading at 113.54, with the USD trading 0.08% lower against the … Continue reading →

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GBP/USD: British economy grew faster-than-expected in 3Q 2017

Posted on October 26, 2017 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.03% against the USD and closed at 1.3268, triggered by better-than-expected UK’s GDP report. Data showed that Britain’s preliminary GDP climbed more-than-expected by 0.4% on a quarterly basis … Continue reading →

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EUR/USD: German business confidence soared unexpectedly to a record high in October

Posted on October 26, 2017 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.43% against the USD and closed at 1.1816, after an unexpected rise in German Ifo data suggested that business confidence remains buoyant as the nation’s economic fundaments remain … Continue reading →

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Crude Oil: Oil reverses its gains, ahead of EIA’s weekly crude oil inventories data

Posted on October 25, 2017 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.14% against the USD and closed at USD52.48 per barrel, after Saudi Arabia’s Energy Minister, Khalid al-Falih, stated that his nation remains committed to end the current … Continue reading →

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Silver: White metal trading lower in the morning session

Posted on October 25, 2017 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.88% against the USD and closed at USD16.96 per ounce, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 16.92, with the … Continue reading →

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Gold: Yellow metal trading on a weaker footing in the Asian session

Posted on October 25, 2017 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.41% against the USD and closed at USD1278.30 per ounce, as a rally in US equities dented demand for the precious yellow metal. In the Asian session, at GMT0300, … Continue reading →

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AUD/USD: Australia’s inflation growth missed market expectations in the three months to September

Posted on October 25, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.44% against the USD and closed at 0.7777. LME Copper prices rose 1.7% or $114.5/MT to $7073.5/MT. Aluminium prices rose 0.5% or $10.5/MT to $2144.0/MT. In the Asian … Continue reading →

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