Daily Archives: May 12, 2020

Crude Oil: Oil trading lower, ahead of API’s weekly crude oil inventories data

Posted on May 12, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.61% against the USD and closed at USD24.63 per barrel, after Saudi Arabia pledged to deepen production cuts in June. In the Asian session, at GMT0300, the … Continue reading →

Posted in Crude Oil | Comments Off

Silver: White metal trading a tad higher in the morning session

Posted on May 12, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 1.32% against the USD and closed at USD15.67 per ounce, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 15.68, with silver … Continue reading →

Posted in Silver | Comments Off

Gold: Yellow metal reverses its losses in the Asian session

Posted on May 12, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.74% against the USD and closed at USD1699.40 per ounce, as the US dollar strengthened, on worries of a potential emergence of a second wave of the coronavirus infections. … Continue reading →

Posted in Gold | Comments Off

AUD/USD: Australia’s NAB’s business confidence weakened in April

Posted on May 12, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 6.07% against the USD and closed at 0.6485. LME Copper prices rose 0.1% or $3.5/MT to $5,231.0/MT. Aluminium prices climbed 0.3% or $4.5/MT to $1,454.5/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie trading lower in the Asian session

Posted on May 12, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 7.48% against the CAD and closed at 1.4018. In the Asian session, at GMT0300, the pair is trading at 1.4051, with the USD trading 0.24% higher against the … Continue reading →

Posted in USD/CAD | Comments Off

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

Posted on May 12, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.95% against the CHF and closed at 0.9730. In the Asian session, at GMT0300, the pair is trading at 0.9738, with the USD trading 0.08% higher against the … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Japanese Yen extends its gains in the morning session

Posted on May 12, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.28% against the JPY and closed at 107.64. In the Asian session, at GMT0300, the pair is trading at 107.42, with the USD trading 0.20% lower against the … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: British Pound trading lower in the morning session

Posted on May 12, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.31% against the USD and closed at 1.2336, amid lack of clarity over British Prime Minister, Boris Johnson’s plan to ease the nationwide lockdown. In the Asian session, … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro extends its losses in the morning session

Posted on May 12, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.36% against the USD and closed at 1.0809. The US dollar strengthened against its major peers, as fears of a potential resurgence in global coronavirus cases increased demand … Continue reading →

Posted in EUR/USD | Comments Off