Daily Archives: May 1, 2020

Crude Oil: Oil trading on a stronger footing this morning

Posted on May 1, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 20.94% against the USD and closed at USD19.35 per barrel, amid reports that major oil companies have announced voluntary crude production cuts in an attempt to curb … Continue reading →

Posted in Crude Oil | Comments Off

Silver: White metal trading higher in the morning session

Posted on May 1, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 3.18% against the USD and closed at USD15.07 per ounce, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 15.12, with silver … Continue reading →

Posted in Silver | Comments Off

Gold: Yellow metal trading reverses its losses in the Asian session

Posted on May 1, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 2.10% against the USD and closed at USD1694.40 per ounce. In the Asian session, at GMT0300, the pair is trading at 1696.30, with gold trading 0.11% higher against the … Continue reading →

Posted in Gold | Comments Off

AUD/USD: Australia’s performance of manufacturing index fell in April

Posted on May 1, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 5.91% against the USD and closed at 0.6496. LME Copper prices rose 0.9% or $47.0/MT to $5,231.0/MT. Aluminium prices declined 0.2% or $3.5/MT to $1,460.5/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Canada’s GDP remained flat in February

Posted on May 1, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 7.01% against the CAD and closed at 1.3956. On the data front, Canada’s gross domestic product (GDP) remained flat on a monthly basis in February, compared to a … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Switzerland’s real retail sales unexpectedly declined in March

Posted on May 1, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CHF and closed at 0.9662. On the data front, Switzerland’s real retail sales unexpectedly fell 5.6% on a yearly basis in March, compared to an … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Japan’s housing starts declined for the ninth consecutive month in March

Posted on May 1, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.71% against the JPY and closed at 107.17. On the data front, Japan’s construction plunged 14.3% on an annual basis in March, compared to a rise of 0.7% … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: British Pound extends its losses in the Asian session

Posted on May 1, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 3.41% against the USD and closed at 1.2584. In the Asian session, at GMT0300, the pair is trading at 1.2564, with the GBP trading 0.16% lower against the … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro-zone’s economy shrunk by the fastest rate in 1Q 2020

Posted on May 1, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.66% against the USD and closed at 1.0946. On the macro front, Euro-zone’s consumer price index rose 0.4% on a yearly basis in April, beating market expectations for … Continue reading →

Posted in EUR/USD | Comments Off