Daily Archives: May 22, 2019

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.57% against the USD and closed at USD62.94 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories advanced 2.4 million barrels to … Continue reading

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Silver: White metal trading on a weaker footing in the morning session

Silver Movement For the 24 hours to 23:00 GMT, Silver marginally declined against the USD and closed at USD14.44 per ounce, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 14.42, with silver … Continue reading

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Gold: Yellow metal extends its losses in the Asian sesion

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.21% against the USD and closed at USD1274.40 per ounce, amid broad strength in the US dollar. In the Asian session, at GMT0300, the pair is trading at 1273.10, … Continue reading

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

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.35% against the USD and closed at 0.6886. LME Copper prices rose 0.3% or $19.0/MT to $6004.0/MT. Aluminium prices declined 1.1% or $20.0/MT to $1766.0/MT. In the Asian … Continue reading

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USD/CAD: Loonie trading flat in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.20% against the CAD and closed at 1.3402. In the Asian session, at GMT0300, the pair is trading at 1.3402, with the USD trading flat against the CAD … Continue reading

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USD/CHF: OECD expects Switzerland’s economic growth to slow in 2019

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 1.0110. In economic news, Switzerland’s M3 money supply climbed 3.5% on an annual basis in April, compared to a revised rise … Continue reading

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USD/JPY: OECD trims Japan’s growth forecast for 2019 and 2020

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.46% against the JPY and closed at 110.56. The Paris-based international organization (OECD) slashed Japan’s growth forecast for 2019 to 0.7% from 0.8% and to 0.6% from 0.7% … Continue reading

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GBP/USD: OECD upgrades Britain’s 2019 economic growth forecast

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.18% against the USD and closed at 1.2704, after Chancellor, Philip Hammond, warned over the potential impact of no-deal Brexit on the economy. The OECD increased UK’s economic … Continue reading

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EUR/USD: OECD raises Euro-zone’s growth forecast to 1.4% in 2020

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR slightly declined against the USD and closed at 1.1164. On the macro front, the Euro-zone’s flash consumer confidence index advanced to a 7-month high level of -6.5 in May, … Continue reading

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