Monthly Archives: February 2020

EUR/USD: Germany’s factory orders fell at its fastest pace in more than a decade

Posted on February 7, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.18% against the USD and closed at 1.0980, following disappointing German factory orders data. Data showed that Germany’s factory orders unexpectedly dropped by 2.1% on a monthly basis … Continue reading →

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Crude Oil: Oil extends its gains in the Asian session

Posted on February 6, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 3.25% against the USD and closed at USD51.20 per barrel, amid unconfirmed reports that effective treatment for coronavirus has been found and decline in both US gasoline … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on February 6, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver remained flat against the USD at USD17.59 per ounce. In the Asian session, at GMT0400, the pair is trading at 17.64, with silver trading 0.28% higher against the USD from … Continue reading →

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Gold: Yellow metal reverses its gains in the morning session

Posted on February 6, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.19% against the USD and closed at USD1559.70 per ounce, amid speculation that global central banks would maintain loose monetary policy. In the Asian session, at GMT0400, the pair … Continue reading →

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

Posted on February 6, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 2.82% against the USD and closed at 0.6747. LME Copper prices rose 1.1% or $62.0/MT to $5,714.0/MT. Aluminium prices climbed 0.1% or $1.0/MT to $1,688.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading a tad lower in the Asian session

Posted on February 6, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 2.26% against the CAD and closed at 1.3283. In economic news, Canada’s international merchandise trade deficit narrowed to C$0.4 billion in December, compared to a deficit of C$1.2 … Continue reading →

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USD/CHF: Swiss Franc trading on a negative footing this morning

Posted on February 6, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CHF and closed at 0.9736. In the Asian session, at GMT0400, the pair is trading at 0.9740, with the USD trading slightly higher against the … Continue reading →

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USD/JPY: Japanese Yen trading slightly weaker in the morning session

Posted on February 6, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 1.78% against the JPY and closed at 109.82. In the Asian session, at GMT0400, the pair is trading at 109.89, with the USD trading 0.06% higher against the … Continue reading →

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GBP/USD: Britain’s services sector activity rebounded in January

Posted on February 6, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.66% against the USD and closed at 1.3000. On the macro front, UK’s final Markit services PMI advanced to a level of 53.9 in January, marking its highest … Continue reading →

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EUR/USD: Euro-zone’s private sector activity dropped in January

Posted on February 6, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.42% against the USD and closed at 1.1000. On the data front, the final Markit services PMI fell to a level of 52.5 in January, less than market … Continue reading →

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Crude Oil: Oil trading higher ahead of the EIA crude oil stockpiles data

Posted on February 5, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.52% against the USD and closed at USD49.59 per barrel, amid mounting fears over the impact of coronavirus outbreak on oil demand. Additionally, the American Petroleum Institute … Continue reading →

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