Monthly Archives: March 2020

AUD/USD: Aussie reverses its losses in morning session

Posted on March 20, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 17.74% against the USD and closed at 0.5679, after Australia’s central bank eased its monetary policy. LME Copper prices declined 3.6% or $175.5/MT to $4,685.0/MT. Aluminium prices fell … Continue reading →

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USD/CAD: Canada’s new housing price index rose in February

Posted on March 20, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 11.41% against the CAD and closed at 1.4530. On the data front, Canada’s ADP employment rose less than expected by 7.2K in February, compared to an advance of … Continue reading →

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USD/CHF: Swiss National Bank holds interest rate

Posted on March 20, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 2.52% against the CHF and closed at 0.9881. On the data front, Switzerland’s trade surplus narrowed less-than-expected to CHF3.6 billion in February, compared to a revised trade surplus … Continue reading →

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

Posted on March 20, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.74% against the JPY and closed at 110.96. In the Asian session, at GMT0400, the pair is trading at 110.19, with the USD trading 0.69% lower against the … Continue reading →

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

Posted on March 20, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 12.15% against the USD and closed at 1.1445. The Bank of England (BoE), in its monetary policy meeting, slashed its benchmark interest rate by 15bps to 0.1%, in … Continue reading →

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EUR/USD: Euro-zone’s construction output climbed more than expected in January

Posted on March 20, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 2.85% against the USD and closed at 1.0668. On the macro front, Euro-zone’s seasonally adjusted construction output rose 3.6% on a monthly basis in January, surpassing market forecast … Continue reading →

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Crude Oil: Oil trading lower in the morning session

Posted on March 19, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 15.34% against the USD and closed at USD22.69 per barrel, after countries all over the world accelerated lockdowns to curb the coronavirus pandemic. Moreover, the US Energy … Continue reading →

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Silver: White metal extends its losses in the morning session

Posted on March 19, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 5.64% against the USD and closed at USD12.05 per ounce, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 11.99, with silver … Continue reading →

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Gold: Yellow metal trading lower in the Asian session

Posted on March 19, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 3.56% against the USD and closed at USD1483.90 per ounce, as investors exchanged precious metals against cash. In the Asian session, at GMT0400, the pair is trading at 1472.40, … Continue reading →

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AUD/USD: Australia’s unemployment rate unexpectedly declined in February

Posted on March 19, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 15.89% against the USD and closed at 0.5807. In the Asian session, at GMT0400, the pair is trading at 0.5569, with the AUD trading 4.10% lower against the … Continue reading →

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USD/CAD: Canada’s consumer price inflation slowed in February

Posted on March 19, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 10.93% against the CAD and closed at 1.4468. On the data front, Canada’s consumer price index rose 2.2% on a yearly basis in February, surpassing market expectations for … Continue reading →

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