Daily Archives: May 28, 2020

Crude Oil: Oil trading higher in the morning session

Posted on May 28, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 7.57% against the USD and closed at USD31.39 per barrel, after Russia announced that it was planning to ease production cuts from July and amid growing tensions … Continue reading →

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Silver: White metal extends its gains in the Asian session

Posted on May 28, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 1.48% against the USD and closed at USD17.79 per ounce. In the Asian session, at GMT0300, the pair is trading at 17.82, with silver trading 0.14% higher against the … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on May 28, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.12% against the USD and closed at USD1723.20 per ounce, on hopes of economic recovery. In the Asian session, at GMT0300, the pair is trading at 1725.70, with gold … Continue reading →

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AUD/USD: Aussie trading on a positive footing this morning

Posted on May 28, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 4.14% against the USD and closed at 0.6618. LME Copper prices declined 0.6% or $33.0/MT to $5,308.5/MT. Aluminium prices rose 1.2% or $18.0/MT to $1,504.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading a tad higher in the morning session

Posted on May 28, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 5.51% against the CAD and closed at 1.3760. On the macro front, Canada’s building permits dropped 17.1% on a monthly basis in April, compared to a revised decline … Continue reading →

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USD/CHF: Switzerland’s ZEW survey expectations advanced in May

Posted on May 28, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.45% against the CHF and closed at 0.9681. On the data front, Switzerland’s ZEW survey expectations advanced to 31.3 in May, compared to a reading of 12.7 in … Continue reading →

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USD/JPY: Japanese Yen reverses its gains in the Asian session

Posted on May 28, 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 107.83, with the USD trading 0.06% higher against the … Continue reading →

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GBP/USD: British Pound trading a tad higher in the morning session

Posted on May 28, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.86% against the USD and closed at 1.2264, after UK’s chief Brexit negotiator David Frost stated that that not much progress had been made in Brexit talks. In … Continue reading →

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EUR/USD: Euro extends its gains in the Asian session

Posted on May 28, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.29% against the USD and closed at 1.1014, after the European Commission proposed a stimulus plan to contain the effect of the coronavirus pandemic. European Central Bank (ECB) … Continue reading →

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