Monthly Archives: May 2020

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

Posted on May 18, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.85% against the CHF and closed at 0.9720 on Friday. In the Asian session, at GMT0300, the pair is trading at 0.9715, with the USD trading 0.05% lower … Continue reading →

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USD/JPY: Japan’s gross domestic product fell in 1Q 2020

Posted on May 18, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.69% against the JPY and closed at 107.19 on Friday. In the Asian session, at GMT0300, the pair is trading at 107.12, with the USD trading 0.07% lower … Continue reading →

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GBP/USD: British Pound extends its losses in the morning session

Posted on May 18, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 6.98% against the USD and closed at 1.2119 on Friday, after the British government reiterated its disagreement to extend the Brexit transition period this December and refused to … Continue reading →

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EUR/USD: Euro-zone’s economy contracted at its sharpest pace in 1Q 2020

Posted on May 18, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.13% against the USD and closed at 1.0818 on Friday. On the macro front, Euro-zone’s gross domestic product (GDP) slid 3.8% on quarterly basis in first quarter of … Continue reading →

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

Posted on May 15, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 7.59% against the USD and closed at USD27.64 per barrel, after the International Energy Agency predicted that crude inventories will shrink by about 5.5 million barrels per … Continue reading →

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Silver: White metal extends its gains in the Asian session

Posted on May 15, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 2.82% against the USD and closed at USD16.22 per ounce. In the Asian session, at GMT0300, the pair is trading at 16.39, with silver trading 1.08% higher against the … Continue reading →

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Gold: Yellow metal trading higher in the morning session

Posted on May 15, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.85% against the USD and closed at USD1738.20 per ounce, as concerns over global economic slowdown and renewed US-China trade tensions, increased demand for the precious yellow metal. In … Continue reading →

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AUD/USD: Aussie trading on a weaker footing this morning

Posted on May 15, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 6.42% against the USD and closed at 0.6461, after data showed that Australia registered sharp job losses in April. LME Copper prices declined 1.1% or $57.0/MT to $5,155.5/MT. … Continue reading →

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USD/CAD: Loonie extends its losses in the morning session

Posted on May 15, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 7.67% against the CAD and closed at 1.4042. On the macro front, Canada’s manufacturing sales dropped 9.2% on a monthly basis in March, compared to a rise of … Continue reading →

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USD/CHF: Switzerland’s producer and import prices declined in April

Posted on May 15, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.99% against the CHF and closed at 0.9733. On the data front, Switzerland’s producer and import prices dropped 4.0% on a yearly basis in April, amid lower petroleum … Continue reading →

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USD/JPY: Japan’s producer price index dropped in April

Posted on May 15, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.61% against the JPY and closed at 107.27. In the Asian session, at GMT0300, the pair is trading at 107.32, with the USD trading 0.05% higher against the … Continue reading →

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