Monthly Archives: January 2020

USD/JPY: The BoJ’s Summary of Opinions awaited later today

Posted on January 28, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.95% against the JPY and closed at 108.93 yesterday. On the data front, Japan’s corporate service price index held steady at 2.10% on an annual basis in December. … Continue reading →

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

Posted on January 28, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.22% against the USD and closed at 1.3058 yesterday. Meanwhile, British mortgage approvals advanced to a level of 46.82K in December, from a revised reading of 44.06K in … Continue reading →

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EUR/USD: German business morale unexpectedly deteriorates in January

Posted on January 28, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.1020 yesterday, after German business climate index unexpectedly dropped to a level of 95.90 in January, compared with the reading of … Continue reading →

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Crude Oil: Oil extends its losses in the Asian session

Posted on January 27, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.72% against the USD and closed at USD54.29 per barrel on Friday, amid rising concerns that China’s coronavirus might spread to other countries, thus curbing travel and … Continue reading →

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Silver: White metal trading higher in the morning session

Posted on January 27, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 1.83% against the USD and closed at USD18.12 per ounce on Friday, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 18.21, … Continue reading →

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Gold: Yellow metal trading on a stronger footing this morning

Posted on January 27, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.70% against the USD and closed at USD1578.80 per ounce on Friday, as rising concerns over the spread of the coronavirus outbreak in China and its potential economic impact … Continue reading →

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

Posted on January 27, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 1.71% against the USD and closed at 0.6824 on Friday. LME Copper prices declined 1.4% or $82.0/MT to $5968.0/MT. Aluminium prices declined 0.3% or $06.0/MT to $1775.5/MT. In … Continue reading →

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USD/CAD: Loonie extends its losing streak against the dollar this morning

Posted on January 27, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.16% against the CAD and closed at 1.3140 on Friday. Meanwhile, Canadian retail sales recorded a rise of 0.9% in November, on a monthly basis. Retail sales had … Continue reading →

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USD/CHF: Swiss Franc trading flat in the morning session

Posted on January 27, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.01% against the CHF and closed at 0.9709 on Friday. In the Asian session, at GMT0400, the pair is trading at 0.9709, with the USD trading flat against … Continue reading →

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USD/JPY: Yen reverses its losses in the morning session

Posted on January 27, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 1.28% against the JPY and closed at 109.28 on Friday, even though the flash manufacturing PMI climbed to a level of 49.30 in January, compared to a reading … Continue reading →

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GBP/USD: UK’s services sector returned to growth in January

Posted on January 27, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.3078 on Friday. Meanwhile, in January, the preliminary manufacturing PMI advanced to a nine-month high of 49.80, compared to market expectations … Continue reading →

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