Monthly Archives: March 2020

USD/JPY: Japanese Yen trading on a stronger footing this morning

Posted on March 26, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.75% against the JPY and closed at 110.98. In the Asian session, at GMT0400, the pair is trading at 110.72, with the USD trading 0.23% lower against the … Continue reading →

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GBP/USD: UK’s consumer price inflation slowed as estimated in February

Posted on March 26, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 9.27% against the USD and closed at 1.1820. On the data front, UK’s consumer price inflation slowed to 1.7% on a yearly basis in February, driven by motor … Continue reading →

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EUR/USD: Euro extends its gains in the morning session

Posted on March 26, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.69% against the USD and closed at 1.0883. On the macro front, Germany’s Ifo business expectations decreased to a level of 79.7 in March, as the spread of … Continue reading →

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

Posted on March 25, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.23% against the USD and closed at USD24.64 per barrel, oil settled high, amid expectations that the US government would approve a $2 trillion economic relief package. … Continue reading →

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Silver: White metal trading on a weaker footing this morning

Posted on March 25, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 8.71% against the USD and closed at USD 14.66 per ounce, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 14.55, with … Continue reading →

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Gold: Yellow metal reverses its gains in the morning session

Posted on March 25, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 6.55% against the USD and closed at USD 1678.60 per ounce, amid hopes that the US lawmakers would agree on stimulus package to contain the impact of coronavirus. In … Continue reading →

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

Posted on March 25, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 13.44% against the USD and closed at 0.5976. LME Copper prices rose 3.7% or $172.0/MT to $4,789.5/MT. Aluminium prices declined 0.2% or $3.5/MT to $1,532.5/MT. In the Asian … Continue reading →

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

Posted on March 25, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 10.70% against the CAD and closed at 1.4438. In the Asian session, at GMT0400, the pair is trading at 1.4387, with the USD trading 0.35% lower against the … Continue reading →

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USD/CHF: Swiss Franc trading a tad higher in the morning session

Posted on March 25, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 1.73% against the CHF and closed at 0.9805. In the Asian session, at GMT0400, the pair is trading at 0.9801, with the USD trading slightly lower against the … Continue reading →

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

Posted on March 25, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 1.01% against the JPY and closed at 111.26. In the Asian session, at GMT0400, the pair is trading at 111.12, with the USD trading 0.13% lower against the … Continue reading →

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GBP/USD: UK’s manufacturing PMI dropped at its fastest pace since July 2012 in March

Posted on March 25, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 9.49% against the USD and closed at 1.1791, amid weak economic data. On the data front, UK’s Markit manufacturing PMI dropped to 48.0 in March, less than market … Continue reading →

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