Monthly Archives: March 2020

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

Posted on March 31, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.39% against the USD and closed at USD20.42 per barrel, amid ongoing oil price war between Saudi Arabia and Russia and as demand for oil declined. In … Continue reading →

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Silver: White metal trading higher in the morning session

Posted on March 31, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.21% against the USD and closed at USD 14.17 per ounce. In the Asian session, at GMT0300, the pair is trading at 14.31, with silver trading 0.99% higher against … Continue reading →

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Gold: Yellow metal extends its losses in the Asian session

Posted on March 31, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.63% against the USD and closed at USD1642.40 per ounce, amid strength in the greenback and as investors preferred cash to recover losses. In the Asian session, at GMT0300, … Continue reading →

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

Posted on March 31, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 10.73% against the USD and closed at 0.6163. LME Copper prices declined 0.2% or $11.0/MT to $4,763.0/MT. Aluminium prices fell 0.7% or $11.0/MT to $1,495.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading higher ahead of Canada’s GDP data

Posted on March 31, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 8.70% against the CAD and closed at 1.4177. In the Asian session, at GMT0300, the pair is trading at 1.4169, with the USD trading 0.06% lower against the … Continue reading →

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USD/CHF: Swiss Franc reverses its gains in the morning session

Posted on March 31, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.49% against the CHF and closed at 0.9591. In the Switzerland, the KOF leading indicator eased to a four-month low of 92.9 in March, less than market expectations … Continue reading →

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USD/JPY: Japan’s unemployment rate remained steady in February

Posted on March 31, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 1.90% against the JPY and closed at 108.06. In the Asian session, at GMT0300, the pair is trading at 108.48, with the USD trading 0.39% higher against the … Continue reading →

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GBP/USD: UK’s mortgage approvals increased to six-year high level in February

Posted on March 31, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 4.97% against the USD and closed at 1.2381. On the data front, UK’s consumer credit fell to a level of £0.90 billion in February, less than market expectations … Continue reading →

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EUR/USD: Euro-zone’s consumer confidence fell to a 5-year low in March

Posted on March 31, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.50% against the USD and closed at 1.1038. On the macro front, Euro-zone’s final consumer confidence fell to a 5-year low level of -11.60 in March, compared to … Continue reading →

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Crude Oil: Oil trading lower in the Asian session

Posted on March 30, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 6.90% against the USD and closed at USD21.58 per barrel, amid slowdown in global demand. Additionally, Baker Hughes reported that US oil rig count dropped by 40 … Continue reading →

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Silver: White metal extends its losses in the Asian session

Posted on March 30, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.17% against the USD and closed at USD 14.56 per ounce on Friday. In the Asian session, at GMT0300, the pair is trading at 14.14, with silver trading 2.88% … Continue reading →

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