Monthly Archives: March 2020

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

Posted on March 3, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 3.55% against the USD and closed at USD47.83 per barrel, amid hopes that the Organisation of the Petroleum Exporting Countries (OPEC) and its allies would implement deeper … Continue reading →

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Silver: White metal trading on a positive footing this morning

Posted on March 3, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.65% against the USD and closed at USD16.81 per ounce. In the Asian session, at GMT0400, the pair is trading at 16.92, with silver trading 0.65% higher against the … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on March 3, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.38% against the USD and closed at USD1590.20 per ounce. In the Asian session, at GMT0400, the pair is trading at 1598.90, with gold trading 0.55% higher against the … Continue reading →

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AUD/USD: RBA cuts key interest rate to 0.5%

Posted on March 3, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 5.24% against the USD and closed at 0.6542. LME Copper prices rose 1.2% or $67.0/MT to $5,640.0/MT. Aluminium prices climbed 1.3% or $21.5/MT to $1,684.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie extends its losses in the morning session

Posted on March 3, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 2.14% against the CAD and closed at 1.3321. In economic news, Canada’s Markit manufacturing PMI advanced to 51.8 in February, compared to 50.6 in the previous month. In … Continue reading →

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

Posted on March 3, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.59% against the CHF and closed at 0.9581. Data showed that Switzerland’s SVME Purchasing Managers’ Index climbed more-than-expected to 49.5 in February, compared to 47.8 in the prior … Continue reading →

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

Posted on March 3, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 1.69% against the JPY and closed at 108.29. In the Asian session, at GMT0400, the pair is trading at 107.98, with the USD trading 0.29% lower against the … Continue reading →

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