Monthly Archives: March 2020

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

Posted on March 5, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 4.10% against the USD and closed at 0.6621. LME Copper prices rose 0.5% or $26.5/MT to $5,694.5/MT. Aluminium prices climbed 1.0% or $17.5/MT to $1,723.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading on a weaker footing this morning

Posted on March 5, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 2.65% against the CAD and closed at 1.3387. The Bank of Canada (BoC), in its latest policy meeting, lowered its key interest rate by 50 basis points to … Continue reading →

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

Posted on March 5, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.75% against the CHF and closed at 0.9566. On the macro front, Switzerland’s consumer price index fell 0.1% on a yearly basis in February, compared to an advance … Continue reading →

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

Posted on March 5, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.35% against the JPY and closed at 107.56. In the Asian session, at GMT0400, the pair is trading at 107.33, with the USD trading 0.21% lower against the … Continue reading →

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GBP/USD: Britain’s service sector activity expanded at a slower pace in February

Posted on March 5, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.22% against the USD and closed at 1.2869, on potential rate cut fears. On the macro front, UK’s market services PMI fell more-than-expected to 53.2 in February, due … Continue reading →

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EUR/USD: Euro-zone’s retail sales rebounded in January

Posted on March 5, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.35% against the USD and closed at 1.1135. Data showed that Euro-zone’s services PMI rose to 52.6 in February, compared to 52.5 in the previous month. The preliminary … Continue reading →

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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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