Daily Archives: June 19, 2020

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 3.82% against the USD and closed at USD39.09 per barrel, after the Organisation of the Petroleum Exporting Countries and its allies recommended countries such as Iraq and … Continue reading

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Silver: White metal trading marginally lower in the Asian session

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.11% against the USD and closed at USD17.68 per ounce, tracking losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 17.675, with silver … Continue reading

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Gold: Yellow metal trading on a stronger footing this morning

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.36% against the USD and closed at USD1730.00 per ounce, as a drop in US initial jobless claims and news that Beijing was bringing its latest coronavirus outbreak under … Continue reading

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AUD/USD: Australia’s retail sales rebounded in May

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.38% against the USD and closed at 0.6858. LME Copper prices rose 1.1% or $65.0/MT to $5,799.0/MT. Aluminium prices climbed 0.6% or $9.0/MT to $,1586.5/MT. In the Asian … Continue reading

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USD/CAD: Canada’s new house prices edged up in May

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.21% against the CAD and closed at 1.3596. On the macro front, Canada’s new housing price index rose 0.1% on a monthly basis in May, less than market … Continue reading

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USD/CHF: SNB expects worst Swiss economic contraction in over five decades

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.9514. Data showed that Switzerland’s trade surplus narrowed to CHF2.8 billion in May, amid plunge in watch exports and compared to … Continue reading

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USD/JPY: Japanese Yen trading higher in the morning session

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.05% against the JPY and closed at 106.96. In the Asian session, at GMT0300, the pair is trading at 106.92, with the USD trading marginally lower against the … Continue reading

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GBP/USD: BoE increases its quantitative easing programme

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.04% against the USD and closed at 1.2426, after the Bank of England (BoE) increased its bond-buying programme by £100 billion to bolster the coronavirus-hit economy. The BoE, … Continue reading

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EUR/USD: Euro trading a tad higher in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.32% against the USD and closed at 1.1209. In the US, the Philadelphia Fed manufacturing index surged to 27.5 in June, surpassing market forecast for a rise to … Continue reading

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