Monthly Archives: May 2020

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.88% against the USD and closed at USD25.34 per barrel, amid optimism over production cuts and hopes that gradual easing of coronavirus-induced lockdown would revive demand for … Continue reading

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Silver: White metal reverses its losses in the morning session

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.32% against the USD and closed at USD15.62 per ounce. In the Asian session, at GMT0300, the pair is trading at 15.7150, with silver trading 0.61% higher against the … Continue reading

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Gold: Yellow metal extends its gains in the morning session

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.44% against the USD and closed at USD1706.70 per ounce, amid weakness in the US Dollar, growing fears of a second wave of the coronavirus infections in some countries … Continue reading

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AUD/USD: Australia’s Westpac consumer confidence rebounded in May

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 6.23% against the USD and closed at 0.6474. LME Copper prices rose 0.1% or $3.0/MT to $5234.0/MT. Aluminium prices declined 0.8% or $11.5/MT to $1443.0/MT. In the Asian … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 7.87% against the CAD and closed at 1.4068. In the Asian session, at GMT0300, the pair is trading at 1.4062, with the USD trading marginally lower against the … Continue reading

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USD/CHF: Swiss Franc trading flat in the Asian session

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.59% against the CHF and closed at 0.9695. In the Asian session, at GMT0300, the pair is trading at 0.9695, with the USD trading flat against the CHF … Continue reading

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USD/JPY: Japan’s leading index fell to its lowest level in more than ten-and-a-half years in March

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.66% against the JPY and closed at 107.22. On the data front, Japan’s coincident index unexpectedly dropped to 90.5 in March, confounding market forecast for a rise to … Continue reading

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GBP/USD: UK’s BRC like-for-like retail sales unexpectedly rose in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.86% against the USD and closed at 1.2264. On the data front, UK’s BRC like-for-like retail sales unexpectedly rose 5.7% on a yearly basis in April, defying market … Continue reading

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EUR/USD: Euro trading a tad higher in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.38% against the USD and closed at 1.0850. In the US, the NFIB business optimism index unexpectedly dropped to 90.9 in April, defying market forecast for a rise … Continue reading

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

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

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

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

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