Monthly Archives: March 2020

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

Posted on March 18, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 7.13% against the USD and closed at 1.2099. On the data front, UK’s average earnings including bonus rose 3.1% on an annual basis in the three months ended … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro reverses its losses in the Asian session

Posted on March 18, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 1.32% against the USD and closed at 1.1019. On the macro front, Euro-zone’s ZEW economic sentiment indicator slumped to -49.5 in March, confounding market forecast for a rise … Continue reading →

Posted in EUR/USD | Comments Off

Crude Oil: Oil trading higher ahead of API’s crude oil stockpiles data

Posted on March 17, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 6.37% against the USD and closed at USD29.24 per barrel, as concerns over the coronavirus escalated stoking fears that government lockdowns would spark a recession and reduce … Continue reading →

Posted in Crude Oil | Comments Off

Silver: White metal extends its losses in the morning session

Posted on March 17, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 11.90% against the USD and closed at USD12.96 per ounce, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 12.87, with silver … Continue reading →

Posted in Silver | Comments Off

Gold: Yellow metal trading on a weaker footing this morning

Posted on March 17, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 2.37% against the USD and closed at USD1509.80 per ounce, as investors sold precious metals in exchange for cash. In the Asian session, at GMT0400, the pair is trading … Continue reading →

Posted in Gold | Comments Off

AUD/USD: Australia’s house price index rose as expected in 4Q 2019

Posted on March 17, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 11.33% against the USD and closed at 0.6122. LME Copper prices declined 5.8% or $319.5/MT to $5,211.0/MT. Aluminium prices fell 2.2% or $36.5/MT to $1,640.5/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

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

Posted on March 17, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 7.30% against the CAD and closed at 1.3994. In the Asian session, at GMT0400, the pair is trading at 1.3986, with the USD trading 0.06% lower against the … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Switzerland’s producer and import prices dropped in February

Posted on March 17, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 1.69% against the CHF and closed at 0.9475. On the data front, Switzerland’s producer and import prices slid 0.9% on a monthly basis in February, more than market … Continue reading →

Posted in USD/CHF | Comments Off

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

Posted on March 17, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 3.48% against the JPY and closed at 106.32. In the Asian session, at GMT0400, the pair is trading at 106.52, with the USD trading 0.19% higher against the … Continue reading →

Posted in USD/JPY | Comments Off

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

Posted on March 17, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.82% against the USD and closed at 1.2270. In the Asian session, at GMT0400, the pair is trading at 1.2261, with the GBP trading 0.07% lower against the … Continue reading →

Posted in GBP/USD | Comments Off

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

Posted on March 17, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.60% against the USD and closed at 1.1166. In the US, the NY Empire State manufacturing index unexpectedly dropped to a level of -21.5 in March, confounding market … Continue reading →

Posted in EUR/USD | Comments Off