Monthly Archives: May 2020

Gold: Yellow metal reverses its losses in the Asian session

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

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

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

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USD/CAD: Loonie trading lower in the Asian session

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

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

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

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

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

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

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

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

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

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Crude Oil: Oil trading on a weaker footing this morning

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

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

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

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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