Daily Archives: May 24, 2019

Crude Oil: Oil trading higher, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 5.25% against the USD and closed at USD58.16 per barrel, as escalating US-China trade war tensions raised concerns over a slowdown in energy demand. In the Asian … Continue reading

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Silver: White metal trading on a weaker footing this morning

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 1.04% against the USD and closed at USD14.59 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 14.56, with silver … Continue reading

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Gold: Yellow metal extends gains in the Asian session

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 1.17% against the USD and closed at USD1288.50 per ounce, amid weakness in the greenback. In the Asian session, at GMT0300, the pair is trading at 1288.60, with gold … Continue reading

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

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.26% against the USD and closed at 0.6899. LME Copper prices declined 0.4% or $7.0/MT to $1740.0/MT. Aluminium prices declined 1.0% or $60.0/MT to $5860.0/MT. In the Asian … Continue reading

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USD/CAD: Loonie trading slightly lower in the morning session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.30% against the CAD and closed at 1.3473. In the Asian session, at GMT0300, the pair is trading at 1.3476, with the USD trading a tad higher against … Continue reading

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

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.60% against the CHF and closed at 1.0031. Data showed that Switzerland’s industrial output unexpectedly rose 4.3% on an annual basis in 1Q19, following a similar rise in … Continue reading

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USD/JPY: Japan’s national consumer price index advanced as estimated in April

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.68% against the JPY and closed at 109.54. In economic news, Japan’s final machine tool orders sank 33.4% on an annual basis in April, confirming the preliminary print … Continue reading

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GBP/USD: British Pound trading a tad lower in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly declined against the USD and closed at 1.2663, after Prime Minister Theresa May’s second Brexit referendum was rejected in the parliament. In the Asian session, at GMT0300, the … Continue reading

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EUR/USD: Euro-zone’s manufacturing and services PMI’s unexpectedly declined in May

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.24% against the USD and closed at 1.1183. On the macro front, the Euro-zone’s manufacturing PMI unexpectedly contracted to a level of 47.7 in May, defying market expectations … Continue reading

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