Monthly Archives: May 2020

EUR/USD: Euro-zone’s Markit manufacturing PMI climbed more-than-expected in May

Posted on May 22, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.27% against the USD and closed at 1.0950. On the macro front, Euro-zone’s Markit manufacturing PMI climbed to 39.5 in May, more than market expectations for a rise … Continue reading →

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Crude Oil: Oil trading on a stronger footing this morning

Posted on May 21, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 5.83% against the USD and closed at USD33.59 per barrel, after the Energy Information Administration (EIA) reported that crude oil inventories dropped by 5.0 million barrels to … Continue reading →

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Silver: White metal trading lower in the morning session

Posted on May 21, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.76% against the USD and closed at USD18.00 per ounce. In the Asian session, at GMT0300, the pair is trading at 17.66, with silver trading 1.89% lower against the … Continue reading →

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Gold: Yellow metal reverses its gains in the Asian session

Posted on May 21, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.16% against the USD and closed at USD1750.6 per ounce, following the Federal Reserve’s meeting minutes and amid uncertainty over a potential coronavirus vaccine. In the Asian session, at … Continue reading →

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AUD/USD: Australia’s Commonwealth Bank manufacturing PMI unexpectedly dropped in May

Posted on May 21, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 4.49% against the USD and closed at 0.6594. LME Copper prices rose 0.4% or $19.0/MT to $5,333.0/MT. Aluminium prices declined 0.7% or $10.0/MT to $1,454.0/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s consumer price index fell more-than-expected in April

Posted on May 21, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 6.59% against the CAD and closed at 1.3902. On the data front, Canada’s consumer price index fell 0.2% on a yearly basis in April, more than market forecast … Continue reading →

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USD/CHF: Swiss Franc extends its losses in the morning session

Posted on May 21, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.10% against the CHF and closed at 0.9648. In the Asian session, at GMT0300, the pair is trading at 0.9663, with the USD trading 0.16% higher against the … Continue reading →

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USD/JPY: Japan posted a merchandise trade deficit in April

Posted on May 21, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.33% against the JPY and closed at 107.58. In the Asian session, at GMT0300, the pair is trading at 107.66, with the USD trading 0.07% higher against the … Continue reading →

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GBP/USD: UK’s consumer price inflation slowed in April

Posted on May 21, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 6.06% against the USD and closed at 1.2239. On the data front, UK’s consumer price inflation slowed to 0.8% on a yearly basis in April, reaching its lowest … Continue reading →

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EUR/USD: Euro-zone’s consumer price inflation slowed in April

Posted on May 21, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.51% against the USD and closed at 1.0980. On the macro front, Euro-zone’s consumer price inflation slowed to 0.3% on a yearly basis in April, recording its lowest … Continue reading →

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

Posted on May 20, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 4.68% against the USD and closed at USD31.74 per barrel. In the Asian session, at GMT0300, the pair is trading at 31.92, with oil trading 0.57% higher … Continue reading →

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