Monthly Archives: November 2018

EUR/USD: OECD downgraded its growth outlook for the global economy

Posted on November 22, 2018 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.14% against the USD and closed at 1.1386, amid renewed optimism for a negotiation over Italy’s budget. The Organisation for Economic Cooperation and Development (OECD), its latest Economic … Continue reading →

Posted in EUR/USD | Comments Off

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

Posted on November 21, 2018 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 6.82% against the USD and closed at USD53.46 per barrel, amid mounting concerns over global economic outlook and ongoing worries over rising global supplies. Meanwhile, the American … Continue reading →

Posted in Crude Oil | Comments Off

Silver: White metal trading on a weaker footing this morning

Posted on November 21, 2018 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.73% against the USD and closed at USD14.30 per ounce, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 14.29, with silver … Continue reading →

Posted in Silver | Comments Off

Gold: Yellow metal trading lower in the Asian session

Posted on November 21, 2018 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.20% against the USD and closed at USD1222.00 per ounce, amid strength in the US dollar. In the Asian session, at GMT0400, the pair is trading at 1221.40, with … Continue reading →

Posted in Gold | Comments Off

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

Posted on November 21, 2018 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 1.17% against the USD and closed at 0.7208. LME Copper prices rose 0.03% or $2.0/MT to $6262.0/MT. Aluminium prices rose 0.5% or $9.0/MT to $1927.0/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie trading slightly higher this morning

Posted on November 21, 2018 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.04% against the CAD and closed at 1.3308. In the Asian session, at GMT0400, the pair is trading at 1.3306, with the USD trading a tad lower against … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc trading on positive footing this morning

Posted on November 21, 2018 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CHF and closed at 0.9951. On the macro front, Switzerland’s trade surplus widened to CHF3.75 billion, compared to a revised surplus of CHF2.23 billion in … Continue reading →

Posted in USD/CHF | Comments Off

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

Posted on November 21, 2018 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the JPY and closed at 112.73. In the Asian session, at GMT0400, the pair is trading at 112.88, with the USD trading 0.13% higher against the … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: Sterling reverses its losses in the Asian session

Posted on November 21, 2018 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.62% against the USD and closed at 1.2784. Macroeconomic data showed that UK’s CBI balance of firms reporting total order book above normal unexpectedly climbed to a level … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro trading a tad higher in the Asian session

Posted on November 21, 2018 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.73% against the USD and closed at 1.1370. On the macro front, Germany’s producer price index (PPI) climbed 3.3% on an annual basis in October, in line with … Continue reading →

Posted in EUR/USD | Comments Off

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

Posted on November 20, 2018 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.38% against the USD and closed at USD57.37 per barrel, amid reports that the European Union backed a decision by the French government to sanction Iranian nationals … Continue reading →

Posted in Crude Oil | Comments Off