Daily Archives: February 28, 2020

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

Posted on February 28, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 5.05% against the USD and closed at USD46.25 per barrel, as rise in the coronavirus cases outside China stoked fears that the fast spreading outbreak could slow … Continue reading →

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Silver; White metal extends its losses in the Asian session

Posted on February 28, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.59% against the USD and closed at USD17.83 per ounce. In the Asian session, at GMT0400, the pair is trading at 17.55, with silver trading 1.57% lower against the … Continue reading →

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Gold: Yellow metal reverses its gains in the Asian session

Posted on February 28, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.21% against the USD and closed at USD1646.30 per ounce, as ongoing worries about the spread of coronavirus increased demand for the precious yellow metal and amid broad sell-off … Continue reading →

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AUD/USD: Aussie trading on a weaker footing this morning

Posted on February 28, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 4.74% against the USD and closed at 0.6577. LME Copper prices rose 0.1% or $4.0/MT to $5,618.0/MT. Aluminium prices declined 0.3% or $5.5/MT to $1,671.0/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s current account deficit narrowed more-than-expected in 4Q19

Posted on February 28, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 2.63% against the CAD and closed at 1.3385. Data showed that Canada’s current account deficit narrowed to C$8.76 billion in the fourth quarter of 2019, compared to a … Continue reading →

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USD/CHF: Swiss Franc extends losses in the Asian session

Posted on February 28, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CHF and closed at 0.9682. In the Asian session, at GMT0400, the pair is trading at 0.9693, with the USD trading 0.11% higher against the … Continue reading →

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USD/JPY: Japanese Yen extends its gains in the morning session

Posted on February 28, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.54% against the JPY and closed at 109.55. In the Asian session, at GMT0400, the pair is trading at 109.11, with the USD trading 0.40% lower against the … Continue reading →

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GBP/USD: UK threatens to walk away from Brexit trade talks

Posted on February 28, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.03% against the USD and closed at 1.2894, after the UK threatened to walk away from the trade negotiations with the EU, if there is no progress by … Continue reading →

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EUR/USD: Euro-zone’s economic confidence rose to a nine-month high in February

Posted on February 28, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 1.10% against the USD and closed at 1.1002. On the data front, Euro-zone’s consumer confidence rose to -6.6 in February, in line with market expectations and compared to … Continue reading →

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