Monthly Archives: June 2018

Gold: Yellow metal reverses its losses in the Asian session

Posted on June 7, 2018 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.13% against the USD and closed at USD1299.90 per ounce, amid strength global equities. In the Asian session, at GMT0300, the pair is trading at 1301.10, with gold trading … Continue reading →

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AUD/USD: Australia’s trade surplus narrowed more than estimated in May

Posted on June 7, 2018 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.59% against the USD and closed at 0.7664. LME Copper prices declined/rose 2.52% or $176.0/MT to $7147.0/MT. Aluminium prices rose 0.13% or $3.0/MT to $2317.5/MT. In the Asian … Continue reading →

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USD/CAD: Canadian trade deficit narrowed to a 6-month low level in April

Posted on June 7, 2018 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CAD and closed at 1.2959. On the macro front, Canada’s trade deficit contracted to a 6-month low level of C$1.90 billion in April, amid a surge … Continue reading →

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USD/CHF: Switzerland’s inflation advanced above expectations in May

Posted on June 7, 2018 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.20% against the CHF and closed at 0.9865. Macroeconomic data indicated that Switzerland’s consumer price index (CPI) rose by 0.4% on a monthly basis in May, more than … Continue reading →

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USD/JPY: Japanese yen trading higher, ahead of Japan’s 1Q GDP data

Posted on June 7, 2018 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.36% against the JPY and closed at 110.21. In the Asian session, at GMT0300, the pair is trading at 109.88, with the USD trading 0.30% lower against the … Continue reading →

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GBP/USD: Sterling extends its gains in the Asian session

Posted on June 7, 2018 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.07% against the USD and closed at 1.3410. In the Asian session, at GMT0300, the pair is trading at 1.3426, with the GBP trading 0.12% higher against the … Continue reading →

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EUR/USD: Euro trading on a stronger footing, ahead of crucial Euro-zone 1Q GDP numbers

Posted on June 7, 2018 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.44% against the USD and closed at 1.1770, following bullish comments from European Central Bank’s Chief Economist, Peter Praet. The ECB Chief Economist stated that the underlying strength … Continue reading →

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Crude Oil: Oil trading on a stronger footing, ahead of EIA’s weekly crude oil stockpiles data

Posted on June 6, 2018 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.57% against the USD and closed at USD65.34 per barrel, amid reports that the US government asked Saudi Arabia and some other OPEC producers to increase oil … Continue reading →

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Silver: White metal extends gains in the morning session

Posted on June 6, 2018 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.52% against the USD and closed at USD16.51 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 16.53, with silver … Continue reading →

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

Posted on June 6, 2018 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.42% against the USD and closed at USD1301.70 per ounce, as weakness in greenback increased demand for the safe haven asset. In the Asian session, at GMT0300, the pair … Continue reading →

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AUD/USD: Australia’s economy grows at fastest pace in nearly two years

Posted on June 6, 2018 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.51% against the USD and closed at 0.7613. LME Copper prices rose 0.52% or $36.0/MT to $6971/MT. Aluminium prices declined 0.43% or $10.0/MT to $2314.5/MT. In the Asian … Continue reading →

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