Monthly Archives: May 2020

Silver: White metal trading on a stronger footing this morning

Posted on May 20, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 2.41% against the USD and closed at USD17.86 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 18.06, with silver … Continue reading →

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Gold: Yellow metal extends its gains in the morning session

Posted on May 20, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.74% against the USD and closed at USD1748.30 per ounce, amid fears of prolonged global recession and massive stimulus measures from central banks. In the Asian session, at GMT0300, … Continue reading →

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AUD/USD: Australia’s Westpac leading index fell in May

Posted on May 20, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 5.32% against the USD and closed at 0.6537. LME Copper prices rose 1.2% or $64.5/MT to $5,314.0/MT. Aluminium prices climbed 1.6% or $22.5/MT to $1,464.0/MT. In the Asian … Continue reading →

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

Posted on May 20, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 6.88% against the CAD and closed at 1.3939. In the Asian session, at GMT0300, the pair is trading at 1.3935, with the USD trading marginally lower against the … Continue reading →

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USD/CHF: Swiss Franc reverses its losses in the Asian session

Posted on May 20, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.80% against the CHF and closed at 0.9715. In the Asian session, at GMT0300, the pair is trading at 0.9702, with the USD trading 0.13% lower against the … Continue reading →

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USD/JPY: Japan’s industrial production slid in March

Posted on May 20, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.09% against the JPY and closed at 107.85. On the data front, Japan’s industrial production slid 3.7% on a monthly basis in March, compared to a decline of … Continue reading →

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GBP/USD: UK’s ILO unemployment rate unexpectedly declined in March

Posted on May 20, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.97% against the USD and closed at 1.2250. On the data front, UK’s ILO unemployment rate unexpectedly dropped to 3.9% in three months ended March, compared to 4.0% … Continue reading →

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EUR/USD: Euro-zone’s ZEW economic sentiment index climbed in May

Posted on May 20, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.07% against the USD and closed at 1.0924. On the macro front, Euro-zone’s ZEW survey economic sentiment index climbed to 46.0 in May, compared to a level of … Continue reading →

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

Posted on May 19, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 8.50 % against the USD and closed at USD33.3 per barrel, amid encouraging results from an experimental COVID-19 vaccine and optimism that resumption in economic activity would … Continue reading →

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

Posted on May 19, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.68% against the USD and closed at USD17.44 per ounce. In the Asian session, at GMT0300, the pair is trading at 17.45, with silver trading marginally higher against the … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on May 19, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 1.99% against the USD and closed at USD1734.70 per ounce, as positive results from the early trials of COVID-19 vaccine boosted risk appetite among investors. In the Asian session, … Continue reading →

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