Monthly Archives: May 2018

Crude Oil: Oil trading a tad higher, ahead of EIA’s weekly crude oil inventories data

Posted on May 2, 2018 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.50% against the USD and closed at USD67.44 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories rose by 3.4 million barrels … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on May 2, 2018 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.98% against the USD and closed at USD16.20 per ounce, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 16.33, with silver … Continue reading →

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Gold: Yellow metal trading on a stronger footing this morning

Posted on May 2, 2018 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.84% against the USD and closed at USD1305.40 per ounce, as a broad strength in the US Dollar decreased demand for the precious yellow metal. In the Asian session, … Continue reading →

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AUD/USD: Aussie trading higher in the morning session

Posted on May 2, 2018 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.57% against the USD and closed at 0.7486. LME Copper prices declined 0.08% or $5.5/MT to $6777.5/MT. Aluminium prices rose 1.53% or $34.0/MT to $2258.0/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s economic growth better-than-expected in February

Posted on May 2, 2018 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CAD and closed at 1.2847. On the economic front, Canada’s gross domestic product (GDP) advanced 0.4% on a monthly basis in February, beating market consensus … Continue reading →

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USD/CHF: Swiss Franc reverses its losses, ahead of key economic releases in Switzerland

Posted on May 2, 2018 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.6% against the CHF and closed at 0.9967. In the Asian session, at GMT0300, the pair is trading at 0.9958, with the USD trading 0.09% lower against the … Continue reading →

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USD/JPY: Japan’s services sector activity accelerated to a 6-month high in April

Posted on May 2, 2018 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.59% against the JPY and closed at 109.91. In the Asian session, at GMT0300, the pair is trading at 109.69, with the USD trading 0.20% lower against the … Continue reading →

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GBP/USD: UK’s manufacturing sector growth slowed to a 17-month low in April

Posted on May 2, 2018 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.16% against the USD and closed at 1.3609, after Britain’s manufacturing sector showed a poor performance in April. Data revealed that UK’s Markit manufacturing PMI slid to a … Continue reading →

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EUR/USD: Euro trading higher, ahead of Euro-zone’s crucial GDP numbers

Posted on May 2, 2018 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.76% against the USD and closed at 1.1989. Macroeconomic data released in the US indicated that the ISM manufacturing activity index declined more-than-anticipated to a level of 57.3 … Continue reading →

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Crude Oil: Oil trading higher, ahead of API’s weekly crude oil inventories data

Posted on May 1, 2018 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.77% against the USD and closed at USD68.47 per barrel, buoyed by increased tension in the Middle East, after Israeli Prime Minister, Benjamin Netanyahu, accused Iran of … Continue reading →

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Silver: White metal trading on a weaker footing this morning

Posted on May 1, 2018 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 1.24% against the USD and closed at USD16.36 per ounce, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 16.32, with silver … Continue reading →

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