Monthly Archives: March 2020

EUR/USD: Euro-zone’s investor confidence index drops on fears of recession

Posted on March 10, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.26% against the USD and closed at 1.1427. On the data front, Euro-zone’s Sentix investor confidence index fell to -17.1 in March, marking its lowest level since April … Continue reading →

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Crude Oil: Oil plunges after Saudi Arabia cuts oil prices, hikes output

Posted on March 9, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil tumbled 10.33% against the USD and closed at USD41.33 per barrel on Friday, as a three-year deal between the Organisation of the Petroleum Exporting Countries (OPEC) and Russia … Continue reading →

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Silver: White metal trading lower in the morning session

Posted on March 9, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.34% against the USD and closed at USD17.38 per ounce on Friday. In the Asian session, at GMT0400, the pair is trading at 17.06, with silver trading 1.84% lower … Continue reading →

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Gold: Yellow metal extends its gains in the Asian session

Posted on March 9, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.07% against the USD and closed at USD1674.40 per ounce on Friday, as mounting worries about the spread of coronavirus increased demand for the precious yellow metal. In the … Continue reading →

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

Posted on March 9, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 3.85% against the USD and closed at 0.6638 on Friday. LME Copper prices declined 0.8% or $43.5/MT to $5,624.0/MT. Aluminium prices fell 1.6% or $28.0/MT to $1,687.0/MT. In … Continue reading →

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USD/CAD: Canada’s Ivey PMI dropped less than expected in February

Posted on March 9, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 2.91% against the CAD and closed at 1.3422 on Friday. On the data front, Canada’s unemployment rate increased to 5.6% in February, in line with market expectations and … Continue reading →

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

Posted on March 9, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 2.81% against the CHF and closed at 0.9367 on Friday. In the Asian session, at GMT0400, the pair is trading at 0.9257, with the USD trading 1.17% lower … Continue reading →

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USD/JPY: Japan’s 4Q GDP falls more than initially estimated

Posted on March 9, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 4.48% against the JPY and closed at 105.21 on Friday. In the Asian session, at GMT0400, the pair is trading at 102.45, with the USD trading 2.62% lower … Continue reading →

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GBP/USD: Britain’s house prices increased at a slower pace in the three months to February

Posted on March 9, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.10% against the USD and closed at 1.3015 on Friday. On the macro front, UK’s Halifax house prices rose 2.8% on a yearly basis in the three months … Continue reading →

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EUR/USD: Euro trading on a stronger footing this morning

Posted on March 9, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.77% against the USD and closed at 1.1318 on Friday. On the macro front, Germany’s factory orders advanced 5.5% on a monthly basis in January, on robust foreign … Continue reading →

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

Posted on March 6, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.50% against the USD and closed at USD46.09 per barrel, amid heightened worries over the fast-spreading coronavirus and ahead of a final decision by the Organisation of … Continue reading →

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