Daily Archives: May 4, 2018

Crude Oil: Oil reverses its gains, ahead of Baker Hughes weekly rig count data

Posted on May 4, 2018 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.11% against the USD and closed at USD68.48 per barrel, amid concerns that possible new US sanctions against Iran would tighten global crude market. In the Asian … Continue reading →

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Silver: White metal trading on a stronger footing this morning

Posted on May 4, 2018 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.27% against the USD and closed at USD16.47 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 16.49, with silver … Continue reading →

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Gold: Yellow metal trading a tad higher in the Asian session

Posted on May 4, 2018 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.51% against the USD and closed at USD1313.60 per ounce, as weakness in the US Dollar and geopolitical tensions, boosted demand for the safe haven asset. In the Asian … Continue reading →

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AUD/USD: Officials upbeat on economic growth: RBA monetary policy statement

Posted on May 4, 2018 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.52% against the USD and closed at 0.7529. LME Copper prices rose 0.77% or $52.0/MT to $6837.0/MT. Aluminium prices rose 3.53% or $80.0/MT to $2349.0/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s international merchandise trade deficit unexpectedly widened in March

Posted on May 4, 2018 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.20% against the CAD and closed at 1.2852. On the macro front, Canada’s international merchandise trade deficit surprisingly widened to C$4.14 billion in March, compared to a revised … Continue reading →

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USD/CHF: Swiss Franc trading slightly higher this morning

Posted on May 4, 2018 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CHF and closed at 0.9978. In the Asian session, at GMT0300, the pair is trading at 0.9974, with the USD trading a tad lower against … Continue reading →

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USD/JPY: Japanese Yen trading on a stronger footing this morning

Posted on May 4, 2018 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.58% against the JPY and closed at 109.18. In the Asian session, at GMT0300, the pair is trading at 108.98, with the USD trading 0.18% lower against the … Continue reading →

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GBP/USD: UK’s services sector growth picked-up slightly in April

Posted on May 4, 2018 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.3571. In economic news, Britain’s Markit services PMI advanced less-than-expected to a level of 52.8 in April, compared to market expectations … Continue reading →

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EUR/USD: Euro-zone’s inflation growth slowed in April

Posted on May 4, 2018 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.25% against the USD and closed at 1.1986, shrugging off weak inflation numbers from the Euro-zone. The Euro-zone’s preliminary consumer price index (CPI) advanced less-than-expected by 1.2% on … Continue reading →

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