Monthly Archives: February 2020

EUR/USD: Euro-zone’s manufacturing PMI rose to a 12-month high in February

Posted on February 24, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.65% against the USD and closed at 1.0856 on Friday. On the macro front, the Euro-zone’s Markit manufacturing PMI unexpectedly climbed to 49.1 in January, notching its highest … Continue reading →

Posted in EUR/USD | Comments Off

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

Posted on February 21, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.28% against the USD and closed at USD53.64 per barrel, after the US government reported a less-than-expected weekly rise in crude supplies. The US Energy Information Administration … Continue reading →

Posted in Crude Oil | Comments Off

Silver: White metal trading on a stronger footing this morning

Posted on February 21, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.33% against the USD and closed at USD18.36 per ounce. In the Asian session, at GMT0400, the pair is trading at 18.42, with silver trading 0.35% higher against the … Continue reading →

Posted in Silver | Comments Off

Gold: Yellow metal extends its gains in the morning session

Posted on February 21, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.46% against the USD and closed at USD1622.30 per ounce, as rise in the number of new coronavirus cases in South Korea and Japan renewed concerns about the global … Continue reading →

Posted in Gold | Comments Off

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

Posted on February 21, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 4.72% against the USD and closed at 0.6615. LME Copper prices declined 0.3% or $15.5/MT to $5,730.0/MT. Aluminium prices rose 0.1% or $1.0/MT to $1687.0/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

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

Posted on February 21, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 2.08% against the CAD and closed at 1.3259. On the macro front, Canada’s new housing price index remained flat on a monthly basis in January, compared to a … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Switzerland’s trade surplus widened in January

Posted on February 21, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 1.35% against the CHF and closed at 0.9841. On macro front, Switzerland’s trade surplus widened to CHF4.8 billion in January, compared to a surplus of CHF2.0 billion in … Continue reading →

Posted in USD/CHF | Comments Off

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

Posted on February 21, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 3.87% against the JPY and closed at 112.08. In the Asian session, at GMT0400, the pair is trading at 112.04, with the USD trading marginally lower against the … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: Britain’s retail sales rose at a faster than expected pace in January

Posted on February 21, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.57% against the USD and closed at 1.2881. Data indicated that UK’s retail sales rose 0.9% on a monthly basis in January, amid robust demand for clothing, footwear … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro-zone’s consumer confidence improved in February

Posted on February 21, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.20% against the USD and closed at 1.0786. Data showed that Euro-zone’s flash consumer confidence index unexpectedly rose to a level of -6.6 in February, compared to a … Continue reading →

Posted in EUR/USD | Comments Off

Crude Oil: Oil trading lower ahead of EIA’s weekly crude inventories data

Posted on February 20, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.67% against the USD and closed at USD53.49 per barrel, after the US imposed tough sanctions on an arm of Russian oil company, Rosneft, raising oil supply … Continue reading →

Posted in Crude Oil | Comments Off