Monthly Archives: April 2020

Gold: Yellow metal reverses its gains in the morning session

Posted on April 3, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 1.92% against the USD and closed at USD1638.10 per ounce, as a surge in US initial jobless claims increased demand for the safe haven asset. In the Asian session, … Continue reading →

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AUD/USD: Australia’s retail sales rose in February

Posted on April 3, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 12.20% against the USD and closed at 0.6062. LME Copper prices rose 1.0% or $49.5/MT to $4,821.5/MT. Aluminium prices declined 1.0% or $15.0/MT to $1,448.5/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s trade deficit narrowed in February

Posted on April 3, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 8.32% against the CAD and closed at 1.4127. On the data front, Canada’s international merchandise trade deficit unexpectedly narrowed to C$0.98 billion in February, compared to a revised … Continue reading →

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USD/CHF: Switzerland’s consumer price index dropped in March

Posted on April 3, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 1.12% against the CHF and closed at 0.9746. In Switzerland, the consumer price index dropped 0.5% on an annual basis in March, for the second consecutive month and … Continue reading →

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USD/JPY: Japan’s services sector activity contracted in March

Posted on April 3, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 1.79% against the JPY and closed at 108.18. In the Asian session, at GMT0300, the pair is trading at 107.91, with the USD trading 0.25% lower against the … Continue reading →

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GBP/USD: UK house prices rose at its fastest pace in more than two years in March

Posted on April 3, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 4.88% against the USD and closed at 1.2392. On the data front, UK’s seasonally adjusted Nationwide house prices rose 3.0% on a yearly basis in March, registering its … Continue reading →

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EUR/USD: Euro-zone’s producer price index dropped at a fastest pace in February

Posted on April 3, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.92% against the USD and closed at 1.0850. On the macro front, Euro-zone’s producer price index dropped 1.3% on a yearly basis in February, more than market anticipations … Continue reading →

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Crude Oil: Oil reverses its gains in the Asian session

Posted on April 2, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 4.64% against the USD and closed at USD21.20 per barrel. Separately, the Energy Information Administration (EIA) reported that crude oil inventories rose by 13.8 million barrels last … Continue reading →

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Silver: White metal extends its losses in the morning session

Posted on April 2, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.07% against the USD and closed at USD14.11 per ounce. In the Asian session, at GMT0300, the pair is trading at 14.04, with silver trading 0.50% lower against the … Continue reading →

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Gold: Yellow metal trading on a weaker footing this morning

Posted on April 2, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 1.00% against the USD and closed at USD1606.50 per ounce, as concerns over economic slowdown due to the coronavirus pandemic increased demand for the safe haven asset. In the … Continue reading →

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

Posted on April 2, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 11.92% against the USD and closed at 0.6081. LME Copper prices declined 0.5% or $25.0/MT to $4,772.0/MT. Aluminium prices fell 1.7% or $25.5/MT to $1,463.5/MT. In the Asian … Continue reading →

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