Daily Archives: May 8, 2019

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

Posted on May 8, 2019 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.00% against the USD and closed at USD61.59 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories advanced by 2.8 million barrels … Continue reading →

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Silver: White metal trading on a stronger footing this morning

Posted on May 8, 2019 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver traded flat against the USD and closed at USD14.93 per ounce. In the Asian session, at GMT0300, the pair is trading at 14.95, with silver trading 0.17% higher against the … Continue reading →

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Gold: Yellow metal extends its gains in the Asian session

Posted on May 8, 2019 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.15% against the USD and closed at USD1285.00 per ounce, as US-China trade tensions increased demand for safe haven assets. In the Asian session, at GMT0300, the pair is … Continue reading →

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

Posted on May 8, 2019 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.30% against the USD and closed at 0.7012. LME Copper prices declined 0.1% or $6.0/MT to $6174.0/MT. Aluminium prices rose 0.9% or $16.5/MT to $1767.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading slightly higher in the Asian session

Posted on May 8, 2019 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD and closed at 1.3470. On the macro front, Canada’s Ivey Purchasing Managers Index climbed to 55.9 in April, compared to a level of 54.3 … Continue reading →

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USD/CHF: Swiss franc trading a tad higher in the morning session

Posted on May 8, 2019 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.20% against the CHF and closed at 1.0195. In the Asian session, at GMT0300, the pair is trading at 1.0191, with the USD trading marginally lower against the … Continue reading →

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USD/JPY: Japan’s Nikkei services PMI declined in April

Posted on May 8, 2019 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.48% against the JPY and closed at 110.25. In the Asian session, at GMT0300, the pair is trading at 110.04, with the USD trading 0.19% lower against the … Continue reading →

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GBP/USD: UK’s Halifax house price index climbed as expected in April

Posted on May 8, 2019 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.18% against the USD and closed at 1.3070. On the data front, UK’s Halifax house price index rose 0.1% on a monthly basis in April, at par with … Continue reading →

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EUR/USD: European Commission lowers Euro-zone’s growth outlook

Posted on May 8, 2019 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.1192, after the European Commission downgraded its growth forecasts for the euro area. The European Union (EU), in its latest report, … Continue reading →

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