Monthly Archives: January 2020

EUR/USD: Unexpected decline in regional services growth weakens the Euro

Posted on January 27, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.24% against the USD and closed at 1.1000 on Friday, as business activity in the Euro-zone remained unexpectedly weak in the month of January, as a decline in … Continue reading →

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

Posted on January 24, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.64% against the USD and closed at USD55.81 per barrel, amid speculation that China’s virus could lower fuel demand. Meanwhile, the Energy Information Administration (EIA) reported that … Continue reading →

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Silver: White metal trading flat in the morning session

Posted on January 24, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.28% against the USD and closed at USD17.80 per ounce, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 17.80, with silver … Continue reading →

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Gold: Yellow metal reverses its gains in the Asian session

Posted on January 24, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.64% against the USD and closed at USD1568.50 per ounce, as mounting concerns over the spread of coronavirus outbreak in China, spurred demand for the safe haven asset. In … Continue reading →

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

Posted on January 24, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 1.43% against the USD and closed at 0.6844. LME Copper prices declined 0.9% or $53.0/MT to $6,050.00/MT. Aluminium prices dropped 1.4% or $26.0/MT to $1,781.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading on a negative footing this morning

Posted on January 24, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.05% against the CAD and closed at 1.3126. In the Asian session, at GMT0400, the pair is trading at 1.3129, with the USD trading slightly higher against the … Continue reading →

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USD/CHF: Swiss Franc trading a tad lower in the Asian session

Posted on January 24, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CHF and closed at 0.9695. In the Asian session, at GMT0400, the pair is trading at 0.9697, with the USD trading marginally higher against the … Continue reading →

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USD/JPY: Japan’s inflation accelerated in December

Posted on January 24, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 1.52% against the JPY and closed at 109.54., In the Asian session, at GMT0400, the pair is trading at 109.48, with the USD trading 0.05% lower against the … Continue reading →

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GBP/USD: British Pound trading higher in the Asian session

Posted on January 24, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.28% against the USD and closed at 1.3123, as hopes for UK-EU trade deal rise. In the Asian session, at GMT0400, the pair is trading at 1.3125, with … Continue reading →

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EUR/USD: Euro extends its losses in the morning session

Posted on January 24, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.35% against the USD and closed at 1.1100, after the European Central Bank (ECB) kept its key interest unchanged and launched a strategic review. The ECB, in its … Continue reading →

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Crude Oil: Oil trading lower ahead of the EIA crude stockpiles data

Posted on January 23, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 3.65% against the USD and closed at USD56.17 per barrel, on demand worries and after the International Energy Agency predicted an oversupply in crude oil market. Additionally, … Continue reading →

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