Daily Archives: June 1, 2020

Crude Oil: Oil trading higher in the morning session

Posted on June 1, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 4.72% against the USD and closed at USD35.25 per barrel on Friday, amid supply cuts by major oil producers and signs of rebound in oil demand. Additionally, … Continue reading →

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Silver: White metal trading on a stronger footing this morning

Posted on June 1, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 2.93% against the USD and closed at USD18.46 per ounce on Friday, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 18.74, … Continue reading →

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Gold: Yellow metal extends its gains in the morning session

Posted on June 1, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.59% against the USD and closed at USD1743.80 per ounce on Friday, amid rising tensions between the US and China. In the Asian session, at GMT0300, the pair is … Continue reading →

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AUD/USD: Australia’s AiG performance of manufacturing index rose in May

Posted on June 1, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 3.48% against the USD and closed at 0.6664 on Friday. Elsewhere in China, Australia’s largest trading partner, China’s non-manufacturing PMI climbed to 53.6 in May, compared to a … Continue reading →

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USD/CAD: Canada’s annualised gross domestic product (GDP) dropped in 1Q 2020

Posted on June 1, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 5.56% against the CAD and closed at 1.3767 on Friday. On the data front, Canada’s annualised gross domestic product (GDP) dropped 8.2% on a quarterly basis in the … Continue reading →

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USD/CHF: Switzerland’s KOF leading indicator unexpectedly dropped in May

Posted on June 1, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CHF and closed at 0.9618 on Friday. On the data front, Switzerland’s KOF leading indicator unexpectedly dropped to 53.2 in May, less than market expectations … Continue reading →

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USD/JPY: Japan’s consumer confidence index unexpectedly rose in May

Posted on June 1, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 2.12% against the JPY and closed at 107.81 on Friday. On the data front, Japan’s annualised housing starts 12.9% on a yearly basis in April, more than market … Continue reading →

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GBP/USD: British Pound reverses its losses in the Asian session

Posted on June 1, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.20% against the USD and closed at 1.2350 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.2402, with the GBP trading 0.42% higher … Continue reading →

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

Posted on June 1, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.23% against the USD and closed at 1.1099 on Friday. On the macro front, Euro-zone consumer price inflation slowed to 0.1% on yearly basis in May, marking its … Continue reading →

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