Monthly Archives: March 2020

GBP/USD: UK’s manufacturing sector expands at its fastest pace in 10 months in February

Posted on March 3, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 2.06% against the USD and closed at 1.2759, amid caution surrounding the Brexit negotiations between Britain and the European Union. On the data front, UK’s Markit manufacturing PMI … Continue reading →

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EUR/USD: Euro-zone’s manufacturing activity contracts at its slowest pace in a year in February

Posted on March 3, 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 1.1143. On the macro front, Euro-zone’s Markit manufacturing PMI rose to a level of 49.2 in February, marking its highest level … Continue reading →

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Crude Oil: Oil trading higher in the morning session

Posted on March 2, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.64% against the USD and closed at USD45.03 per barrel on Friday, amid persistent fears that the spread of coronavirus could affect energy demand. Separately, Baker Hughes … Continue reading →

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Silver: White metal trading on a positive footing this morning

Posted on March 2, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 6.95% against the USD and closed at USD16.59 per ounce on Friday. In the Asian session, at GMT0400, the pair is trading at 16.975, with silver trading 2.32% higher … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on March 2, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 4.71% against the USD and closed at USD1571.00 per ounce on Friday, as investors began to liquidate assets. In the Asian session, at GMT0400, the pair is trading at … Continue reading →

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

Posted on March 2, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 5.61% against the USD and closed at 0.6517 on Friday. LME Copper prices declined 0.8% or $45.0/MT to $5,573.0/MT. Aluminium prices fell 0.5% or $8.0/MT to $1,663.0/MT. In … Continue reading →

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USD/CAD: Canada’s GDP growth slowed in 4Q 2019

Posted on March 2, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 2.83% against the CAD and closed at 1.3411 on Friday. Data showed that Canada’s annualised gross domestic product (GDP) growth slowed to 0.3% on a quarterly basis in … Continue reading →

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

Posted on March 2, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.17% against the CHF and closed at 0.9654 on Friday. On the data front, Switzerland’s KOF leading indicator unexpectedly advanced to a level of 100.9 in February, defying … Continue reading →

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

Posted on March 2, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.20% against the JPY and closed at 107.73 on Friday. In the Asian session, at GMT0400, the pair is trading at 108.18, with the USD trading 0.42% higher … Continue reading →

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GBP/USD: UK’s Nationwide house price inflation rose to an 18-month high level in February

Posted on March 2, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.80% against the USD and closed at 1.2794 on Friday. On the macro front, UK’s Nationwide house prices climbed 2.3% on an annual basis in February, hitting its … Continue reading →

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EUR/USD: Germany’s inflation remained steady in February

Posted on March 2, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.25% against the USD and closed at 1.1029 on Friday. On the data front, Germany’s unemployment rate remained unchanged at 5.0% in February, in line with market expectations. … Continue reading →

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