Monthly Archives: May 2019

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

Posted on May 22, 2019 by GCI Financial

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 →

Posted in Silver | Comments Off

Gold: Yellow metal extends its losses in the Asian sesion

Posted on May 22, 2019 by GCI Financial

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 →

Posted in Gold | Comments Off

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

Posted on May 22, 2019 by GCI Financial

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 →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie trading flat in the Asian session

Posted on May 22, 2019 by GCI Financial

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 →

Posted in USD/CAD | Comments Off

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

Posted on May 22, 2019 by GCI Financial

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 →

Posted in USD/CHF | Comments Off

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

Posted on May 22, 2019 by GCI Financial

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 →

Posted in USD/JPY | Comments Off

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

Posted on May 22, 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 1.2704, after Chancellor, Philip Hammond, warned over the potential impact of no-deal Brexit on the economy. The OECD increased UK’s economic … Continue reading →

Posted in GBP/USD | Comments Off

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

Posted on May 22, 2019 by GCI Financial

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 →

Posted in EUR/USD | Comments Off

Crude Oil: Oil trading marginally lower, ahead of API’s weekly inventories data

Posted on May 21, 2019 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.42% against the USD and closed at USD63.30 per barrel, amid worries about a slowdown in energy demand. In the Asian session, at GMT0300, the pair is … Continue reading →

Posted in Crude Oil | Comments Off

Silver: White metal trading on a weaker footing this morning

Posted on May 21, 2019 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.21% against the USD and closed at USD14.44 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 14.43, with silver … Continue reading →

Posted in Silver | Comments Off

Gold: Yellow metal reverses its gains in the Asian session

Posted on May 21, 2019 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.06% against the USD and closed at USD1277.50 per ounce, amid weakness in the greenback. In the Asian session, at GMT0300, the pair is trading at 1275.70, with gold … Continue reading →

Posted in Gold | Comments Off