Monthly Archives: May 2019

EUR/USD: Germany’s industrial production surprisingly rose for the second consecutive month in March

Posted on May 9, 2019 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR slightly rose against the USD and closed at 1.1197. The European Central Bank (ECB) President, Mario Draghi, stated that the central bank would continue to maintain its inflation target … Continue reading →

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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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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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