Monthly Archives: July 2019

GBP/USD: UK GDP rises as expected in May

Posted on July 11, 2019 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.39% against the USD and closed at 1.2509, following an improvement in UK’s economic growth. In the UK, gross domestic product (GDP) rose 0.3% on a monthly basis … Continue reading →

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EUR/USD: Fed Chairman hints at a near term rate cut

Posted on July 11, 2019 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.46% against the USD and closed at 1.1258. The US dollar declined against its major peers, following Federal Reserve Chairman, Jerome Powell’s dovish comments on the monetary policy. … Continue reading →

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

Posted on July 10, 2019 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.70% against the USD and closed at USD58.49 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories dropped by 8.1 million barrels … Continue reading →

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Silver: White metal trading on a weaker footing this morning

Posted on July 10, 2019 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.60% against the USD and closed at USD15.13 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 15.10, with silver … Continue reading →

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Gold: Yellow metal reverses its gains in the morning session

Posted on July 10, 2019 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.24% against the USD and closed at USD1399.00 per ounce. In the Asian session, at GMT0300, the pair is trading at 1396.00, with gold trading 0.21% lower against the … Continue reading →

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AUD/USD: Australia’s Westpac consumer confidence index eased to its lowest level in 2 years in July

Posted on July 10, 2019 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.65% against the USD and closed at 0.6928. LME Copper prices declined 1.8% or $107.0/MT to $5805.0/MT. Aluminium prices remain flat at $1783.0/MT. In the Asian session, at … Continue reading →

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USD/CAD: Canada’s housing starts hit its highest level since 2007 in June

Posted on July 10, 2019 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.21% against the CAD and closed at 1.3127. On the data front, Canada’s seasonally adjusted housing starts rose to a level of 245.7K in June, hitting it highest … Continue reading →

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USD/CHF: Switzerland’s unemployment rate remained flat in June

Posted on July 10, 2019 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.05% against the CHF and closed at 0.9937. In economic news, Switzerland’s seasonally adjusted unemployment rate remained unchanged at 2.3% in June, defying market expectations for an advance … Continue reading →

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USD/JPY: Japan’s machine tool orders decline in June

Posted on July 10, 2019 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.13% against the JPY and closed at 108.89. Data revealed that Japan’s preliminary machine tool orders tumbled 38.0% on a yearly basis in June, following a drop of … Continue reading →

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GBP/USD: British Pound extends its losses in the morning session

Posted on July 10, 2019 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.46% against the USD and closed at 1.2461. In the Asian session, at GMT0300, the pair is trading at 1.2454, with the GBP trading 0.06% lower against the … Continue reading →

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EUR/USD: Euro trading a tad higher in the Asian session

Posted on July 10, 2019 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.08% against the USD and closed at 1.1206. In the US, data showed that the NFIB small business optimism index fell to a level of 103.3 in in … Continue reading →

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