Daily Archives: February 4, 2020

Crude Oil: Oil trading higher ahead of API crude inventories data

Posted on February 4, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.75% against the USD and closed at USD49.85 per barrel, amid worries about a slowdown in oil demand. However, losses were limited amid reports that the Organisation … Continue reading →

Posted in Crude Oil | Comments Off

Silver: White metal reverses its losses in the morning session

Posted on February 4, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 1.17% against the USD and closed at USD17.68 per ounce, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 17.71, with silver … Continue reading →

Posted in Silver | Comments Off

Gold: Yellow metal extends its losses in the Asian session

Posted on February 4, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.41% against the USD and closed at USD1581.00 per ounce, as strength in the US Dollar dampened demand for the safe haven asset and after China announced liquidity measures … Continue reading →

Posted in Gold | Comments Off

AUD/USD: RBA keeps benchmark rates on hold

Posted on February 4, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 3.64% against the USD and closed at 0.6690. LME Copper prices rose 0.5% or $25.0/MT to $5,595.0/MT. Aluminium prices declined 0.9% or $15.0/MT to $1,694.5/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie trading a tad higher this morning

Posted on February 4, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 2.36% against the CAD and closed at 1.3295. Data indicated that Canada’s Markit manufacturing PMI unexpectedly advanced to a level of 50.60 in January, defying market expectations for … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss SVME manufacturing PMI declined in January

Posted on February 4, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.54% against the CHF and closed at 0.9658. Data revealed that Switzerland’s SVME Purchasing Managers’ Index (PMI) eased to 47.80 in January, compared to a revised reading of … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Japanese Yen trading on a negative footing in the Asian session

Posted on February 4, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.67% against the JPY and closed at 108.62. In the Asian session, at GMT0400, the pair is trading at 108.72, with the USD trading 0.09% higher against the … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: British Pound declines as no-deal worries resurface

Posted on February 4, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.70% against the USD and closed at 1.2995, as no-deal fears re-emerged, after British Prime Minister, Boris Johnson, set out tough terms for Brexit talks with the European … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro-zone’s manufacturing PMI advanced in January

Posted on February 4, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.19% against the USD and closed at 1.1062. On the data front, Euro-zone’s final Markit manufacturing PMI rose to a level of 47.90 in January, driven by a … Continue reading →

Posted in EUR/USD | Comments Off