Monthly Archives: May 2020

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

Posted on May 15, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 6.13% against the USD and closed at 1.2229, amid growing concerns over coronavirus-led economic fallout and uncertainties related to the Brexit deal. In the Asian session, at GMT0300, … Continue reading →

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EUR/USD: Euro trading flat in the Asian session

Posted on May 15, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.12% against the USD and closed at 1.0804. On the macro front, Germany’s consumer price inflation slowed to 0.9% on a yearly basis in April, recording its lowest … Continue reading →

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Crude Oil: Oil trading lower in the Asian session

Posted on May 14, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.38% against the USD and closed at USD25.69 per barrel, after the Energy Information Administration (EIA) reported that crude oil inventories decreased by 0.7 million barrels to … Continue reading →

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Silver: White metal trading on a weaker footing in the morning session

Posted on May 14, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.96% against the USD and closed at USD15.77 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 15.72, with silver … Continue reading →

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Gold: Yellow metal reverses its gains in the morning session

Posted on May 14, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 1.00% against the USD and closed at USD1722.80 per ounce, after the US Federal Reserve Chairman, Jerome Powell signalled to induce more stimulus measures, if required during the coronavirus … Continue reading →

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AUD/USD: Australia’s unemployment rate jumps to a 5-year high in April

Posted on May 14, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 6.55% against the USD and closed at 0.6452. LME Copper prices declined 0.4% or $21.5/MT to $5,212.5/MT. Aluminium prices fell 0.3% or $4.0/MT to $1,439.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie reverses its losses in the Asian session

Posted on May 14, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 8.10% against the CAD and closed at 1.4098. In the Asian session, at GMT0300, the pair is trading at 1.4090, with the USD trading 0.06% lower against the … Continue reading →

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USD/CHF: Swiss Franc trading a tad lower in the Asian session

Posted on May 14, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.88% against the CHF and closed at 0.9723. In the Asian session, at GMT0300, the pair is trading at 0.9726, with the USD trading slightly higher against the … Continue reading →

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

Posted on May 14, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.82% against the JPY and closed at 107.04. In the Asian session, at GMT0300, the pair is trading at 106.91, with the USD trading 0.12% lower against the … Continue reading →

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GBP/USD: UK’s economy shrank at a record pace in the first quarter

Posted on May 14, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 6.10% against the USD and closed at 1.2233, after UK’s economy contracted at its fastest pace since the 2008 financial crisis in the first quarter of 2020. On … Continue reading →

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EUR/USD: Euro-zone’s industrial production sharply decreased in March

Posted on May 14, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.30% against the USD and closed at 1.0817. On the macro front, Euro-zone’s seasonally adjusted industrial production slumped 11.3% on a monthly basis in March, less than market … Continue reading →

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