Monthly Archives: February 2020

Gold: Yellow metal extends its losses in the Asian session

Posted on February 12, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.30% against the USD and closed at USD1571.20 per ounce, amid increased risk appetite amongst investors after reports indicated that the number of new coronavirus cases declined in China. … Continue reading →

Posted in Gold | Comments Off

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

Posted on February 12, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 3.28% against the USD and closed at 0.6715. LME Copper prices rose 0.6% or $36.5/MT to $5,696.0/MT. Aluminium prices climbed 0.8% or $13.5/MT to $1,689.5/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

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

Posted on February 12, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 2.30% against the CAD and closed at 1.3288. In the Asian session, at GMT0400, the pair is trading at 1.3281, with the USD trading 0.05% lower against the … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc trading a tad higher in the morning session

Posted on February 12, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.48% against the CHF and closed at 0.9757. In the Asian session, at GMT0400, the pair is trading at 0.9753, with the USD trading slightly lower against the … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Japanese Yen trading a tad lower in the morning session

Posted on February 12, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 1.76% against the JPY and closed at 109.80. In the Asian session, at GMT0400, the pair is trading at 109.83, with the USD trading slightly higher against the … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: Britain’s economic growth stagnated in 4Q19

Posted on February 12, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.01% against the USD and closed at 1.2955, after Britain’s economy stagnated in the last quarter of 2019. Data showed that UK’s gross domestic product (GDP) remained flat … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro reverses its gains in the Asian session

Posted on February 12, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.06% against the USD and closed at 1.0919. In the US, the NFIB small business optimism index advanced to a level of 104.3 in January, as business owners … Continue reading →

Posted in EUR/USD | Comments Off

Crude Oil: Oil trading higher ahead of API’s crude oil inventories data

Posted on February 11, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.25% against the USD and closed at USD49.74 per barrel, on weak Chinese demand for oil and speculations that the OPEC and its allies are unlikely to … Continue reading →

Posted in Crude Oil | Comments Off

Silver: White metal trading on a weaker footing this morning

Posted on February 11, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.34% against the USD and closed at USD17.75 per ounce, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 17.73, with silver … Continue reading →

Posted in Silver | Comments Off

Gold: Yellow metal trading reverses its gains in the Asian session

Posted on February 11, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.15% against the USD and closed at USD1575.50 per ounce, amid a stronger dollar and persistent worries over the coronavirus outbreak. In the Asian session, at GMT0400, the pair … Continue reading →

Posted in Gold | Comments Off

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

Posted on February 11, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 3.72% against the USD and closed at 0.6685, on lingering concerns over the coronavirus outbreak amid rising death toll in China. LME Copper prices rose 0.1% or $6.5/MT … Continue reading →

Posted in AUD/USD | Comments Off