Monthly Archives: March 2020

EUR/USD: Euro-zone’s manufacturing and services PMIs dropped in March

Posted on March 25, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.57% against the USD and closed at 1.0808. On the macro front, Euro-zone’s Markit manufacturing PMI dropped to a 92-month low level of 44.8 in March, less than … Continue reading →

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

Posted on March 24, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 6.99% against the USD and closed at USD24.34 per barrel, after the US Federal Reserve announced a massive stimulus package to contain the spread of coronavirus outbreak. … Continue reading →

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Silver: White metal trading on a stronger footing this morning

Posted on March 24, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 7.24% against the USD and closed at USD13.49 per ounce, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 13.92, with silver … Continue reading →

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Gold: Yellow metal extends its gains in the Asian session

Posted on March 24, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 4.89% against the USD and closed at USD1573.1 per ounce, after the US Federal Reserve (Fed) unveiled a massive stimulus package that includes unlimited Treasury and mortgage-backed security purchases. … Continue reading →

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

Posted on March 24, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 15.50% against the USD and closed at 0.5834.. LME Copper prices declined 4.9% or $237.5/MT to $4,617.5/MT. Aluminium prices fell 2.8% or $44.5/MT to $1,536.0/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s wholesale sales advanced in January

Posted on March 24, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 11.05% against the CAD and closed at 1.4483. On the data front, Canada’s wholesale sales unexpectedly climbed 1.8% on a monthly basis in January, defying market anticipations for … Continue reading →

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

Posted on March 24, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 2.04% against the CHF and closed at 0.9835. On the macro front, Switzerland’s total sight deposits advanced to CHF608.8 billion in the week ended 20 March 2020, compared … Continue reading →

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

Posted on March 24, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.83% against the JPY and closed at 111.06. In the Asian session, at GMT0400, the pair is trading at 110.18, with the USD trading 0.79% lower against the … Continue reading →

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GBP/USD: British Pound trading higher in the morning session

Posted on March 24, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 11.34% against the USD and closed at 1.1550. In the Asian session, at GMT0400, the pair is trading at 1.1629, with the GBP trading 0.68% higher against the … Continue reading →

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EUR/USD: Euro-zone’s consumer confidence index falls to a 5-year low

Posted on March 24, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.22% against the USD and closed at 1.0747. On the macro front, Euro-zone’s consumer confidence dropped to a level of -11.6 in March, hitting its lowest level in … Continue reading →

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Crude Oil: Oil extends its losses in the morning session

Posted on March 23, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 5.09% against the USD and closed at USD 23.66 per barrel on Friday, as economic stimulus plans from government worldwide failed to ease concerns about the economic … Continue reading →

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