Daily Archives: May 11, 2020

Crude Oil: Oil trading on a weaker footing this morning

Posted on May 11, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 3.58% against the USD and closed at USD24.60 per barrel on Friday, amid optimism surrounding production cuts by US oil producers as well as the Organisation of … Continue reading →

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Silver: White metal extends its gains in the morning session

Posted on May 11, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 1.09% against the USD and closed at USD15.77 per ounce on Friday. In the Asian session, at GMT0300, the pair is trading at 15.87, with silver trading 0.67% higher … Continue reading →

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

Posted on May 11, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 1.08% against the USD and closed at USD1706.40 per ounce on Friday, amid expectations that economic and business activities around the world would soon resume. In the Asian session, … Continue reading →

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AUD/USD: Aussie trading higher in the morning session

Posted on May 11, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 5.40% against the USD and closed at 0.6531 on Friday. The Reserve Bank of Australia (RBA), in its monetary policy statement, The Reserve Bank of Australia (RBA), in … Continue reading →

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USD/CAD: Canada’s unemployment rate rose less-than-expected in April

Posted on May 11, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 6.79% against the CAD and closed at 1.3928 on Friday. On the data front, Canada’s seasonally adjusted Ivey Purchasing Managers’ Index dropped to 22.8 in April, more than … Continue reading →

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USD/CHF: Switzerland’s unemployment rate rose in April

Posted on May 11, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.77% against the CHF and closed at 0.9712 on Friday. On the macro front, Switzerland’s seasonally adjusted unemployment rate rose to 3.3% in April, in line with market … Continue reading →

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USD/JPY: Japan’s Jibun Bank services PMI declined in April

Posted on May 11, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 3.11% against the JPY and closed at 106.72 on Friday. In the Asian session, at GMT0300, the pair is trading at 106.79, with the USD trading 0.07% higher … Continue reading →

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GBP/USD: UK’s Halifax house prices dropped in April

Posted on May 11, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 4.78% against the USD and closed at 1.2405 on Friday. On the data front, UK’s Halifax house prices dropped 0.6% on a monthly basis in April, as activities … Continue reading →

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

Posted on May 11, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR slightly declined against the USD and closed at 1.0836 on Friday. On the macro front, Germany’s seasonally adjusted industrial production slumped 9.2% on a monthly basis in March, hitting … Continue reading →

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