Monthly Archives: May 2020

USD/JPY: Japan’s leading index dropped in March

Posted on May 26, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.19% against the JPY and closed at 107.74. The Bank of Japan (BoJ), in its monetary policy statement, pledged to utilise all necessary fiscal and monetary policy tools … Continue reading →

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GBP/USD: UK’s public sector net borrowing posted a deficit in April

Posted on May 26, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 6.43% against the USD and closed at 1.2190. On the data front, UK’s public sector net borrowing posted a more-than-expected deficit of £61.4 billion in April, following a … Continue reading →

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

Posted on May 26, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally rose against the USD and closed at 1.0896. The European Central Bank (ECB), in its latest monetary policy meeting accounts, indicated that it is “fully prepared” to provide … Continue reading →

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Crude Oil: Oil trading lower, ahead of Baker Hughes weekly rig count data

Posted on May 22, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.83% against the USD and closed at USD33.87 per barrel, amid optimism over output cuts by major oil producers and hopes of recovery in oil demand. In … Continue reading →

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Silver: White metal extends its losses in the morning session

Posted on May 22, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 3.06% against the USD and closed at USD17.45 per ounce, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 17.31, with silver … Continue reading →

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Gold: Yellow metal trading a tad higher in the Asian session

Posted on May 22, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 1.35% against the USD and closed at USD1726.2 per ounce, amid strength in the greenback. In the Asian session, at GMT0300, the pair is trading at 1726.60, with gold … Continue reading →

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AUD/USD: Aussie extends its losses in the morning session

Posted on May 22, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 4.94% against the USD and closed at 0.6563. LME Copper prices rose 1.0% or $54.0/MT to $5,387.0/MT. Aluminium prices climbed 2.3% or $33.0/MT to $1,487.0/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s new housing price index recorded a flat reading April

Posted on May 22, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 6.97% against the CAD and closed at 1.3951. On the data front, Canada’s ADP employment declined by 226.7K in April, compared to a revised decline of 17.2K in … Continue reading →

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

Posted on May 22, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.72% against the CHF and closed at 0.9707. In the Asian session, at GMT0300, the pair is trading at 0.9712, with the USD trading 0.05% higher against the … Continue reading →

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USD/JPY: Japan’s national consumer price inflation slowed in April

Posted on May 22, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.32% against the JPY and closed at 107.60. In the Asian session, at GMT0300, the pair is trading at 107.59, with the USD trading marginally lower against the … Continue reading →

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GBP/USD: UK’s Markit manufacturing PMI advanced in May

Posted on May 22, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 6.18% against the USD and closed at 1.2223, amid speculation that the Bank of England (BoE) might cut interest rates below zero to support the economy. On the … Continue reading →

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