Monthly Archives: February 2018

Gold: Yellow metal trading on a stronger footing this morning

Posted on February 12, 2018 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.26% against the USD and closed at USD1316.70 per ounce on Friday, as strength in the greenback and a rebound in US equity markets dented demand for the precious … Continue reading →

Posted in Gold | Comments Off

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

Posted on February 12, 2018 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.14% against the USD and closed at 0.7789 on Friday. LME Copper prices declined 1.2% or $83.0/MT to $6755.0/MT. Aluminium prices rose 1.2% or $26.0/MT to $2142.0/MT. In … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Canada’s unemployment rate unexpectedly rose in January, number of people employed dipped to a 9-year low in the same month

Posted on February 12, 2018 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CAD and closed at 1.2615 on Friday. The Canadian Dollar declined against the USD on Friday, following downbeat Canadian labour market report. Data revealed that … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc trading higher, ahead of Swiss inflation data

Posted on February 12, 2018 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.17% against the CHF and closed at 0.9387 on Friday. Macroeconomic data revealed that Switzerland’s seasonally adjusted unemployment rate remained unchanged at 3.0% in January, in line with … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Japanese Yen reverses its gains in the Asian session

Posted on February 12, 2018 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.36% against the JPY and closed at 108.49 on Friday. In the Asian session, at GMT0400, the pair is trading at 108.71, with the USD trading 0.2% higher … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: UK’s industrial production sank by the most in over 5 years in December

Posted on February 12, 2018 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.98% against the USD and closed at 1.3806 on Friday, after comments from the European Union’s (EU) chief negotiator sparked a fresh wave of uncertainty over Britain’s exit … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro trading higher in the Asian session

Posted on February 12, 2018 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.22% against the USD and closed at 1.2232 on Friday. On the macro front, Italy’s seasonally adjusted industrial production rose more-than-expected by 1.6% on a monthly basis in … Continue reading →

Posted in EUR/USD | Comments Off

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 →

Posted in Crude Oil | Comments Off

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 →

Posted in Silver | Comments Off

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 →

Posted in Gold | Comments Off

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 →

Posted in AUD/USD | Comments Off