Daily Archives: March 4, 2020

Crude Oil: Oil trading higher ahead of EIA’s weekly crude stockpiles data

Posted on March 4, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.80% against the USD and closed at USD46.97 per barrel, after the American Petroleum Institute (API) reported that crude oil inventories rose by 1.7 million barrels last … Continue reading →

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Silver: White metal reverses its gains in the morning session

Posted on March 4, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 2.95% against the USD and closed at USD17.30 per ounce, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 17.23, with silver … Continue reading →

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Gold: Yellow metal extends its gains in the Asian session

Posted on March 4, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 3.15% against the USD and closed at USD1641.60 per ounce, after the US central bank slashed its benchmark interest rate to contain the economic impact of the coronavirus outbreak … Continue reading →

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AUD/USD: Australia’s economy expanded more than expected in the fourth quarter

Posted on March 4, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 4.63% against the USD and closed at 0.6584. LME Copper prices rose 0.5% or $28.0/MT to $5,668.0/MT. Aluminium prices climbed 1.3% or $21.5/MT to $1,706.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading higher ahead of BoC’s interest rate decision

Posted on March 4, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 2.64% against the CAD and closed at 1.3386. In the Asian session, at GMT0400, the pair is trading at 1.3355, with the USD trading 0.23% lower against the … Continue reading →

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USD/CHF: Switzerland’s economic growth slowed in the fourth quarter of 2019

Posted on March 4, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.85% against the CHF and closed at 0.9556. On the data front, Switzerland’s gross domestic product slowed to 0.3% on a quarterly basis in 4Q 2019, compared to … Continue reading →

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USD/JPY: Japan’s services sector activity contracts in February

Posted on March 4, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.81% against the JPY and closed at 107.06. In the Asian session, at GMT0400, the pair is trading at 107.40, with the USD trading 0.32% higher against the … Continue reading →

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GBP/USD: Britain’s construction sector expanded for the first time since April 2019

Posted on March 4, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.60% against the USD and closed at 1.2820. Data showed that UK’s Markit construction PMI jumped to 52.6 in February, expanding for the first time since April 2019 … Continue reading →

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EUR/USD: Euro-zone’s inflation slowed to a three-month low in February,

Posted on March 4, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.28% against the USD and closed at 1.1174, after the US Federal Reserve (Fed) cut interest rates in an effort to contain the impact of the coronavirus outbreak. … Continue reading →

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