Monthly Archives: May 2018

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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Crude Oil: Oil trading on a stronger footing this morning

Posted on May 3, 2018 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.43% against the USD and closed at USD67.73 per barrel, pushed up by persistent concerns that the US may reimpose sanctions on major OPEC member, Iran. Moreover, … Continue reading →

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Silver: White metal extends its gains in the morning session

Posted on May 3, 2018 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 1.42% against the USD and closed at USD16.43 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 16.44, with silver … Continue reading →

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Gold: yellow metal trading higher in the morning session

Posted on May 3, 2018 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.07% against the USD and closed at USD1306.60 per ounce, after the Fed reiterated that interest rates would rise only gradually. In the Asian session, at GMT0300, the pair … Continue reading →

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AUD/USD: Australia’s trade surplus surprisingly widened to a nearly 1year high in March

Posted on May 3, 2018 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.05% against the USD and closed at 0.749. LME Copper prices rose 0.11% or $7.5/MT to $6785.0/MT. Aluminium prices rose 0.49% or $11.0/MT to $2269.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading on a stronger footing this morning

Posted on May 3, 2018 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CAD and closed at 1.2878. In the Asian session, at GMT0300, the pair is trading at 1.2856, with the USD trading 0.17% lower against the … Continue reading →

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USD/CHF: Swiss real retail sales fell in March, SVME PMI surprised on the upside in April

Posted on May 3, 2018 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CHF and closed at 0.9989. Macroeconomic data revealed that Switzerland’s real retail sales declined 1.8% on an annual basis in March, after recording a drop … Continue reading →

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USD/JPY: Japanese Yen trading higher in the Asian session

Posted on May 3, 2018 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.08% against the JPY and closed at 109.82. In economic news, Japan’s consumer confidence index unexpectedly fell to a level of 43.6 in April, compared to a reading … Continue reading →

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GBP/USD: UK’s construction sector bounced back into expansion territory in April

Posted on May 3, 2018 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.24% against the USD and closed at 1.3576, despite robust British construction sector data. On the economic front, UK’s Markit construction PMI rose more-than-estimated to a level of … Continue reading →

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EUR/USD: Euro-zone’s economic growth cooled as expected in 1Q 2018

Posted on May 3, 2018 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.28% against the USD and closed at 1.1956, after the latest data revealed that Euro-bloc’s economic growth slowed at the start of the new year. The Euro-zone’s seasonally … Continue reading →

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