Daily Archives: April 8, 2020

Crude Oil: Oil trading higher, ahead of EIA’s weekly crude oil stockpiles data

Posted on April 8, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 7.78% against the USD and closed at USD24.64 per barrel, on oversupply concerns. Additionally, the American Petroleum Institute (API) reported that crude oil inventories rose by 11.9 … Continue reading →

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Silver: White metal extends its losses in the Asian session

Posted on April 8, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 1.26% against the USD and closed at USD15.26 per ounce. In the Asian session, at GMT0300, the pair is trading at 15.25, with silver trading marginally lower against the … Continue reading →

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Gold: Yellow metal reverses its losses in the morning session

Posted on April 8, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 1.92% against the USD and closed at USD1681.40 per ounce, amid signs of slowdown in coronavirus cases in some countries. In the Asian session, at GMT0300, the pair is … Continue reading →

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AUD/USD: Australia’s central bank kept its interest rate unchanged

Posted on April 8, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 10.67% against the USD and closed at 0.6167. The Reserve Bank of Australia (RBA), in its interest rate decision, kept its key interest unchanged at 0.25%. However, the … Continue reading →

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USD/CAD: Canada’s Ivey PMI plunges more-than-expected in March

Posted on April 8, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 7.41% against the CAD and closed at 1.4008. On the data front, Canada’s seasonally adjusted Ivey Purchasing Managers’ Index (PMI) plunged to 26.0 in March, more than market … Continue reading →

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

Posted on April 8, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.57% against the CHF and closed at 0.9693. In the Asian session, at GMT0300, the pair is trading at 0.9720, with the USD trading 0.28% higher against the … Continue reading →

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USD/JPY: Japan’s leading economic index rose in February

Posted on April 8, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 1.25% against the JPY and closed at 108.77. On the data front, Japan’s coincident index unexpectedly climbed to 95.8 in February, defying market consensus for a drop to … Continue reading →

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GBP/USD: UK’s house prices remained flat in March

Posted on April 8, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.25% against the USD and closed at 1.2344. On the data front, UK’s Halifax house prices remained flat on a monthly basis in March, less than market forecast … Continue reading →

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

Posted on April 8, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 1.00% against the USD and closed at 1.0896. On the macro front, Germany’s seasonally adjusted industrial production unexpectedly rose 0.3% on a monthly basis in February, defying market … Continue reading →

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