Monthly Archives: February 2020

GBP/USD: British Pound reverses its losses in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.41% against the USD and closed at 1.3033 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.3046, with the GBP trading 0.10% higher … Continue reading

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EUR/USD: Euro-zone’s economic growth hits a 7-year low, German economy stagnates

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.0839 on Friday. Data showed that Euro-zone’s gross domestic product (GDP) grew 0.1% on a quarterly basis in 4Q19, registering its … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.27% against the USD and closed at USD51.45 per barrel, amid spike in the number in the number of new coronavirus cases in China. In the Asian … Continue reading

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Silver: White metal trading lower in the Asian session

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.97% against the USD and closed at USD17.63 per ounce, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 17.62, with silver … Continue reading

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Gold: Yellow metal reverses its gains in the Asian session

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.61% against the USD and closed at USD1579.00 per ounce, after a change in the methodology used by China resulted in a sharp rise in the number of new … Continue reading

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AUD/USD: Aussie trading higher in the Asian session

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 3.26% against the USD and closed at 0.6717. LME Copper prices fell 0.5% or $31.0/MT to $5,716.0/MT. Aluminium prices declined 0.3% or $5.5/MT to $1,701.5/MT. In the Asian … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 2.13% against the CAD and closed at 1.3266. In the Asian session, at GMT0400, the pair is trading at 1.3261, with the USD trading marginally lower against the … Continue reading

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

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.87% against the CHF and closed at 0.9794. In the Asian session, at GMT0400, the pair is trading at 0.9800, with the USD trading 0.06% higher against the … Continue reading

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USD/JPY: Japanese Yen trading lower ahead of Japan’s GDP data

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 1.77% against the JPY and closed at 109.81. In the Asian session, at GMT0400, the pair is trading at 109.83, with the USD trading slightly higher against the … Continue reading

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GBP/USD: British Pound trading flat in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.3042, despite the appointment of Rishi Sunak as the British Chancellor following the resignation of Sajid Javid. In the Asian session, … Continue reading

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EUR/USD: Germany’s inflation hits a six-month high in January

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.29% against the USD and closed at 1.0840. On the macro front, Germany’s consumer price index (CPI) climbed 1.7% on a yearly basis in January, hitting its highest … Continue reading

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