Monthly Archives: April 2020

EUR/USD: Euro-zone’s Markit manufacturing and services PMIs sharply dropped in April

Posted on April 24, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.38% against the USD and closed at 1.0780. On the macro front, Euro-zone’s Markit manufacturing PMI dropped to 33.6 in April, due to the measures taken to contain … Continue reading →

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Crude Oil: Oil trading lower in the morning session

Posted on April 23, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 6.08% against the USD and closed at USD14.30 per barrel, amid rising geopolitical tensions between the US and Iran. Additionally, the Energy Information Administration (EIA) reported that … Continue reading →

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Silver: White metal extends its gains in the Asian session

Posted on April 23, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 2.36% against the USD and closed at USD15.42 per ounce. In the Asian session, at GMT0300, the pair is trading at 15.57, with silver trading 1.01% higher against the … Continue reading →

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Gold: Yellow metal trading reverses its gains in the morning session

Posted on April 23, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 2.09% against the USD and closed at USD1736.70 per ounce, as renewed concerns over global recession increased demand for the safe haven asset. In the Asian session, at GMT0300, … Continue reading →

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AUD/USD: Australia’s Commonwealth Bank manufacturing and services PMIs dropped in April

Posted on April 23, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 8.53% against the USD and closed at 0.6315. LME Copper prices rose 0.8% or $39.5/MT to $5,034.0/MT. Aluminium prices climbed 1.3% or $18.0/MT to $1,461.5/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s consumer price inflation slowed to a five year low in March

Posted on April 23, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 8.63% against the CAD and closed at 1.4167. On the data front, Canada’s consumer price inflation slowed to 0.9% on a yearly basis in March, amid coronavirus crisis … Continue reading →

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USD/CHF: Swiss Franc extends its losses in the Asian session

Posted on April 23, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.82% against the CHF and closed at 0.9717. In the Asian session, at GMT0300, the pair is trading at 0.9724, with the USD trading 0.07% higher against the … Continue reading →

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USD/JPY: Japan’s Jibun Bank manufacturing PMI contracted in April

Posted on April 23, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.16% against the JPY and closed at 107.77. In the Asian session, at GMT0300, the pair is trading at 107.75, with the USD trading marginally lower against the … Continue reading →

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GBP/USD: UK’s consumer price inflation slowed to a 3-month low in March

Posted on April 23, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.30% against the USD and closed at 1.2337. On the data front, UK’s consumer price inflation slowed to 1.5% on a yearly basis in March, driven by fall … Continue reading →

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EUR/USD: Euro-zone’s consumer confidence weakened for a second straight month in April

Posted on April 23, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.30% against the USD and closed at 1.0821. On the macro front, Euro-zone’s consumer confidence dropped to a level of -22.7 in April, more than market forecast for … Continue reading →

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

Posted on April 22, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 268.50% against the USD and closed at USD13.48 per barrel, after the American Petroleum Institute (API) reported that crude oil inventories rose by 13.2 million barrels in … Continue reading →

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