Monthly Archives: October 2018

Crude Oil: Oil trading lower, ahead of EIA’s weekly crude oil inventories data

Posted on October 31, 2018 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.30% against the USD and closed at USD66.45 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories advanced by 5.7 million barrels … Continue reading →

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Silver: White metal trading on a weaker footing in the morning session

Posted on October 31, 2018 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver slightly declined against the USD and closed at USD14.47 per ounce, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 14.37, with silver … Continue reading →

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Gold: Yellow metal extends its losses in the Asian session

Posted on October 31, 2018 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.56% against the USD and closed at USD1224.40 per ounce, amid strength in the greenback. In the Asian session, at GMT0400, the pair is trading at 1218.10, with gold … Continue reading →

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AUD/USD: Aussie reverses its gains in the Asian session

Posted on October 31, 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 0.7101. LME Copper prices declined 1.39% or $124.0/MT to $6136.0/MT. Aluminium prices declined 1.4% or $28.5/MT to $1952.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading lower in the morning session

Posted on October 31, 2018 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD and closed at 1.3117. In the Asian session, at GMT0400, the pair is trading at 1.3125, with the USD trading 0.06% higher against the … Continue reading →

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USD/CHF: Switzerland’s KOF economic barometer dropped more-than-forecasted in October

Posted on October 31, 2018 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.35% against the CHF and closed at 1.0053. On the data front, Switzerland’s KOF economic barometer declined to a level of 100.1 in October, more than market expectations … Continue reading →

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USD/JPY: BoJ kept its benchmark interest rate unchanged

Posted on October 31, 2018 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.63% against the JPY and closed at 113.07. On the macro front, Japan’s preliminary industrial production retreated 2.9% on a yearly basis in September, compared to a rise … Continue reading →

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GBP/USD: Britain’s Gfk consumer confidence dipped in October, while Lloyds Bank business barometer declined in the same month

Posted on October 31, 2018 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.73% against the USD and closed at 1.2706, amid mounting worries over “no-deal” Brexit. Macroeconomic data revealed that UK’s Gfk consumer confidence slid to a level of -10.0 … Continue reading →

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EUR/USD: Euro-zone’s economy expanded at its weakest pace in 4-years in 3Q 2018

Posted on October 31, 2018 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.27% against the USD and closed at 1.1344, as Euro-zone’s third quarter GDP growth slowed and economic confidence deteriorated, triggering fears over the region’s economic growth prospects. In … Continue reading →

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

Posted on October 30, 2018 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.42% against the USD and closed at USD66.65 per barrel, after Russia signalled that output will remain high and as ongoing weakness in global equity markets raised … Continue reading →

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Silver: White metal trading on a stronger footing this morning

Posted on October 30, 2018 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 1.60% against the USD and closed at USD14.48 per ounce, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 14.52, with silver … Continue reading →

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