Daily Archives: November 9, 2018

Crude Oil: Oil trading lower, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.60% against the USD and closed at USD60.75 per barrel, amid concerns over mounting inventories and ongoing economic uncertainity. In the Asian session, at GMT0400, the pair … Continue reading

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Silver: White metal trading on a negative footing this morning

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 1.10% against the USD and closed at USD14.41 per ounce, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 14.35, with silver … Continue reading

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Gold: Yellow metal trading on a weaker footing in the Asian session

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.28% against the USD and closed at USD1224.70 per ounce, as the US dollar strengthened after the US Federal Reserve held its benchmark interest rate steady. In the Asian … Continue reading

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AUD/USD: Aussie extends its losses this morning

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.15% against the USD and closed at 0.7262. LME Copper prices declined 1.2% or $73.0/MT to $6137.0/MT. Aluminium prices rose 1.3% or $25.5/MT to $1977.0/MT. In the Asian … Continue reading

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USD/CAD: Canada’s housing starts climbed more-than-estimated in October

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CAD and closed at 1.3151. Data showed that Canada’s seasonally adjusted housing starts advanced to a level of 205.9K in October, higher than market expectations … Continue reading

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USD/CHF: Switzerland’s unemployment rate remained unchanged in October

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.37% against the CHF and closed at 1.0057. On the data front, Switzerland’s seasonally adjusted unemployment rate remained steady at a rate of 2.5% in October, at par … Continue reading

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USD/JPY: Japanese Yen reverses its losses in the Asian session

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.46% against the JPY and closed at 114.03. In the Asian session, at GMT0400, the pair is trading at 113.90, with the USD trading 0.11% lower against the … Continue reading

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GBP/USD: British Pound extends its losses in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.48% against the USD and closed at 1.3067. In the Asian session, at GMT0400, the pair is trading at 1.3049, with the GBP trading 0.14% lower against the … Continue reading

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EUR/USD: EU forecasts slowdown in Euro-zone’s economic growth

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.57% against the USD and closed at 1.1367, after the European Commission lowered the country’s growth forecast. The European Commission, in its Autumn forecast, warned that economic growth … Continue reading

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