Daily Archives: February 9, 2018

Crude Oil: Oil trading a tad higher, ahead of Baker Hughes weekly rig count data

Posted on February 9, 2018 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.66% against the USD and closed at USD60.56 per barrel, after Iran, OPEC’s third-largest producer, announced plans to boost oil production within the next four years by … Continue reading →

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Silver: White metal trading on a weaker footing this morning

Posted on February 9, 2018 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.77% against the USD and closed at USD16.37 per ounce, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 16.33, with silver … Continue reading →

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Gold: Yellow metal reverses its gains in the morning session

Posted on February 9, 2018 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.35% against the USD and closed at USD1320.80 per ounce, boosted by safe-haven demand after a sharp decline in US equities spooked investors. In the Asian session, at GMT0400, … Continue reading →

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AUD/USD: RBA upbeat on economy, slashed unemployment forecast

Posted on February 9, 2018 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.66% against the USD and closed at 0.7776, after the Reserve Bank of Australia’s (RBA) Governor, Philip Lowe, diminished the odds of an imminent interest rate hike, on … Continue reading →

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USD/CAD: Canada’s housing starts slightly declined in January

Posted on February 9, 2018 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.32% against the CAD and closed at 1.2595. On the data front, Canada’s seasonally adjusted housing starts fell less-than-anticipated to a level of 216.2K in January, compared to … Continue reading →

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USD/CHF: Swiss Franc trading on a weaker footing, ahead of Swiss unemployment rate data

Posted on February 9, 2018 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.78% against the CHF and closed at 0.9360. In the Asian session, at GMT0400, the pair is trading at 0.9377, with the USD trading 0.18% higher against the … Continue reading →

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USD/JPY: Japan’s tertiary industry index unexpectedly declined in December

Posted on February 9, 2018 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.59% against the JPY and closed at 108.73. In the Asian session, at GMT0400, the pair is trading at 108.97, with the USD trading 0.22% higher against the … Continue reading →

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GBP/USD: BoE left the key interest rate unchanged at 0.50%, signalled at sooner and sharper rise in interest rates

Posted on February 9, 2018 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.19% against the USD and closed at 1.3923, after the Bank of England (BoE) lifted UK’s economic growth forecasts and hinted at rapid monetary policy tightening. The BoE, … Continue reading →

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EUR/USD: Robust growth expected to continue in the near term: ECB economic bulletin

Posted on February 9, 2018 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.24% against the USD and closed at 1.2249. Yesterday, the European Central Bank (ECB), in its latest economic bulletin report, stated that the Euro-zone economy is expected to … Continue reading →

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