Monthly Archives: February 2020

USD/CAD: Canada’s housing starts rose to a 4-month high in January

Posted on February 11, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 2.53% against the CAD and closed at 1.3317. On the macro front, Canada’s housing starts jumped 8.8% to a level of 213.2K in January, surpassing market expectations for … Continue reading →

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

Posted on February 11, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.64% against the CHF and closed at 0.9772. Data showed that Switzerland’s unemployment rate remained unchanged at 2.3% in January, in line with market expectations. Meanwhile, the nation’s … Continue reading →

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

Posted on February 11, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 1.74% against the JPY and closed at 109.78, as persistent concerns over the coronavirus prompting investors to seek shelter in the safe-haven currency. In the Asian session, at … Continue reading →

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GBP/USD: British Pound trading a tad higher ahead of key domestic economic data

Posted on February 11, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.33% against the USD and closed at 1.2913, amid fears that the Brexit transition period could finish without a trade deal being agreed between the UK and the … Continue reading →

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EUR/USD: Euro-zone’s Sentix investor confidence deteriorated in February

Posted on February 11, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.38% against the USD and closed at 1.0912. On the macro front, Euro-zone’s Sentix investor confidence index eased to 5.2 in February, amid rising concerns about the economic … Continue reading →

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Crude Oil: Oil extends its losses in the morning session

Posted on February 10, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.75% against the USD and closed at USD50.42 per barrel on Friday, amid ongoing worries about the effect of coronavirus on oil demand. Additionally, Baker Hughes reported … Continue reading →

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Silver: White metal trading a tad higher in the Asian session

Posted on February 10, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.62% against the USD and closed at USD17.70 per ounce on Friday. In the Asian session, at GMT0400, the pair is trading at 17.70, with silver trading marginally higher … Continue reading →

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Gold: Yellow metal trading on a weaker footing this morning

Posted on February 10, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.4% against the USD and closed at USD1575.8 per ounce on Friday, amid rising fears about the spread of the coronavirus and its impact on the global economy. In … Continue reading →

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

Posted on February 10, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 3.85% against the USD and closed at 0.6676 on Friday. LME Copper prices declined 1.3% or $73.0/MT to $5,653.0x/MT. Aluminium prices fell 0.3% or $4.5/MT to $1,693.0/MT. In … Continue reading →

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USD/CAD: Canada’s economic activity expanded at a faster pace in January

Posted on February 10, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 2.40% against the CAD and closed at 1.3301 on Friday. On the macro front, Canada’s unemployment rate declined to 5.5% in January, defying market forecast for an unchanged … Continue reading →

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USD/CHF: Swiss Franc trading higher, ahead of Switzerland’s key economic data

Posted on February 10, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.67% against the CHF and closed at 0.9775 on Friday. In the Asian session, at GMT0400, the pair is trading at 0.9772, with the USD trading slightly lower … Continue reading →

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