Daily Archives: June 5, 2020

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

Posted on June 5, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.69% against the USD and closed at USD37.33 per barrel, ahead of the Organisation of the Petroleum Exporting Countries meeting to discuss extension to production cuts. In … Continue reading →

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Silver: White metal trading on a weaker footing this morning

Posted on June 5, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.33% against the USD and closed at USD18.01 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 17.95, with silver … Continue reading →

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Gold: Yellow metal reverses its gains in the Asian session

Posted on June 5, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 1.16% against the USD and closed at USD1721.10 per ounce, amid weakness in the greenback and US equity markets. In the Asian session, at GMT0300, the pair is trading … Continue reading →

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AUD/USD: Australia’s AiG performance of services index climbed in May

Posted on June 5, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.59% against the USD and closed at 0.6945. LME Copper prices declined 0.9% or $46.5/MT to $5,452.5/MT. Aluminium prices rose 0.6% or $9.0/MT to $1,535.0/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s international merchandise trade deficit widened in April

Posted on June 5, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 3.48% against the CAD and closed at 1.3496. The Canadian dollar declined against the US dollar, amid fall in oil prices and decline in exports. On the data … Continue reading →

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USD/CHF: Switzerland’s consumer price index fell in May

Posted on June 5, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.85% against the CHF and closed at 0.9556. On the data front, Switzerland’s consumer price index fell 1.3% on a yearly basis in May, in line with market … Continue reading →

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USD/JPY: Japan’s overall household spending dropped in April

Posted on June 5, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.88% against the JPY and closed at 109.18. In the Asian session, at GMT0300, the pair is trading at 109.14, with the USD trading marginally lower against the … Continue reading →

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GBP/USD: UK’s Markit construction PMI climbed in May

Posted on June 5, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 3.27% against the USD and closed at 1.2602. Data showed that the Markit construction PMI climbed to 28.9 in May, less than market expectations for a rise of … Continue reading →

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EUR/USD: European Central Bank kept its key interest rate unchanged

Posted on June 5, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.95% against the USD and closed at 1.1339, after the European Central Bank (ECB) increased the size of its Pandemic Emergency Purchase Program (PEPP) to support the economy. … Continue reading →

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