Daily Archives: May 7, 2019

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

Posted on May 7, 2019 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.72% against the USD and closed at USD62.21 per barrel, after US decided to tighten sanctions on Iranian oil, thereby reigniting geopolitical tensions in the Middle East. … Continue reading →

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Silver: White metal trading a tad higher in the Asian session

Posted on May 7, 2019 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.17% against the USD and closed at USD14.93 per ounce. In the Asian session, at GMT0300, the pair is trading at 14.93, with silver trading marginally higher against the … Continue reading →

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Gold: Yellow metal reverses its losses in the morning session

Posted on May 7, 2019 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.09% against the USD and closed at USD1282.80 per ounce. In the Asian session, at GMT0300, the pair is trading at 1284.00, with gold trading 0.09% higher against the … Continue reading →

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AUD/USD: RBA held its key interest unchanged at 1.5%

Posted on May 7, 2019 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.26% against the USD and closed at 0.6991. LME Copper prices remained unchanged at $6180.0/MT. Aluminium prices remained steady at $1783.5/MT. In the Asian session, at GMT0300, the … Continue reading →

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USD/CAD: Loonie extends its gains in the Asian session

Posted on May 7, 2019 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CAD and closed at 1.3451. The Bank of Canada’s Governor Stephen Poloz, in his speech, sounded optimistic over the growth of housing market, amid various … Continue reading →

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USD/CHF: Swiss Franc trading slightly higher in the morning session

Posted on May 7, 2019 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CHF and closed at 1.0175. On the data front, Switzerland’s consumer price index (CPI) advanced 0.2% on a monthly basis in April, at par market … Continue reading →

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USD/JPY: Japan’s manufacturing PMI expanded to a 3-month high in April

Posted on May 7, 2019 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.25% against the JPY and closed at 110.78. In the Asian session, at GMT0300, the pair is trading at 110.71, with the USD trading 0.06% lower against the … Continue reading →

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

Posted on May 7, 2019 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.39% against the USD and closed at 1.3094. On Friday, UK’s services PMI expanded to a level of 50.4 in April, compared to a reading of 48.9 in … Continue reading →

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EUR/USD: Euro-zone’s services sector activity dropped to a 3-month low level in April

Posted on May 7, 2019 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.12% against the USD and closed at 1.1200. On Friday, data showed that the Euro-zone’s preliminary consumer price index (CPI) rose 1.7% on an annual basis in April, … Continue reading →

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