Monthly Archives: March 2019

EUR/USD: The ECB kept its benchmark interest rate unchanged, downgraded growth forecast

Posted on March 8, 2019 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 1.01% against the USD and closed at 1.1195, after the European Central Bank (ECB) decided not to raise interest rates until 2020 and slashed its growth forecast for … Continue reading →

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Crude Oil: Oil trading higher in the Asian session

Posted on March 7, 2019 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.18% against the USD and closed at USD56.18 per barrel, after the Energy Information Administration (EIA) reported that US crude oil inventories climbed 7.1 million barrels to … Continue reading →

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Silver: White metal trading on a weaker footing this morning

Posted on March 7, 2019 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.33% against the USD and closed at USD15.10 per ounce, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 15.09, with silver … Continue reading →

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Gold: Yellow metal trading flat in the morning session

Posted on March 7, 2019 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.08% against the USD and closed at USD1287.10 per ounce. In the Asian session, at GMT0400, the pair is trading at 1287.10, with gold trading flat against the USD … Continue reading →

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AUD/USD: Australia’s trade surplus widened in January

Posted on March 7, 2019 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.75% against the USD and closed at 0.7027. LME Copper prices declined 0.7% or $48.5/MT to $6505.0/MT. Aluminium prices declined 1.2% or $22.5/MT to $1846.0/MT. In the Asian … Continue reading →

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USD/CAD: The BoC left its benchmark interest rates steady at 1.75%

Posted on March 7, 2019 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.64% against the CAD and closed at 1.3443. The Canadian Dollar declined against the US Dollar, following the Bank of Canada’s (BoC) dovish stance on future rate hikes. … Continue reading →

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USD/CHF: Swiss Franc reverses its losses in the Asian session

Posted on March 7, 2019 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CHF and closed at 1.0051. In the Asian session, at GMT0400, the pair is trading at 1.0044, with the USD trading 0.07% lower against the … Continue reading →

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USD/JPY: Japan’s leading economic index declined more-than-estimated in January

Posted on March 7, 2019 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.15% against the JPY and closed at 111.71. In the Asian session, at GMT0400, the pair is trading at 111.72, with the USD trading a tad higher against … Continue reading →

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GBP/USD: British Pound extends its gains in the Asian session

Posted on March 7, 2019 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.14% against the USD and closed at 1.3172. Yesterday, the Paris-based think tank, OECD slashed Britain’s growth outlook to 0.8% from 1.4% in 2019, amid Brexit uncertainty and … Continue reading →

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EUR/USD: The OECD lowered its global growth outlook

Posted on March 7, 2019 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.06% against the USD and closed at 1.1309. On the macro front, the Germany’s Markit construction PMI advanced to a level of 54.7 in February, following a reading … Continue reading →

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Crude Oil: Oil extends its losses in the Asian session

Posted on March 6, 2019 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.20% against the USD and closed at USD56.28 per barrel, after the American Petroleum Institute disclosed that US crude oil inventories rose more than expected by 7.3 … Continue reading →

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