Monthly Archives: July 2020

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

Posted on July 31, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.03% against the USD and closed at USD40.44 per barrel, amid concerns over rising coronavirus cases and uncertainty related to the US presidential elections. In the Asian … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on July 31, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 3.69% against the USD and closed at USD23.50 per ounce. In the Asian session, at GMT0300, the pair is trading at 23.71, with silver trading 0.89% higher against the … Continue reading →

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Gold: Yellow metal reverses its losses in the morning session

Posted on July 31, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.62% against the USD and closed at USD1972.60 per ounce, as the Federal Reserve’s pledge to support the US economy boosted investors’ risk appetite. In the Asian session, at … Continue reading →

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AUD/USD: Australia’s producer price index unexpectedly fell in 2Q 2020

Posted on July 31, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.14% against the USD and closed at 0.7196. LME Copper prices declined 0.6% or $41.5/MT to $6,433.5/MT. Aluminium prices fell 0.3% or $5.5/MT to $1,681.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading a tad lower in the Asian session

Posted on July 31, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.62% against the CAD and closed at 1.3421. In the Asian session, at GMT0300, the pair is trading at 1.3422, with the USD trading marginally higher against the … Continue reading →

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USD/CHF: Swiss Franc extends its gains in the morning session

Posted on July 31, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.33% against the CHF and closed at 0.9092. On the data front, Switzerland’s KOF leading indicator climbed to 85.7 in July, surpassing market forecast for a rise to … Continue reading →

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USD/JPY: Japan’s unemployment rate dropped in June

Posted on July 31, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.25% against the JPY and closed at 104.72. In the Asian session, at GMT0300, the pair is trading at 104.29, with the USD trading 0.41% lower against the … Continue reading →

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

Posted on July 31, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.84% against the USD and closed at 1.3099. In the Asian session, at GMT0300, the pair is trading at 1.3130, with the GBP trading 0.24% higher against the … Continue reading →

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EUR/USD: Euro-zone’s economic confidence improved to a four-month high in July

Posted on July 31, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.50% against the USD and closed at 1.1846. On the macro front, Euro-zone’s consumer confidence index declined to -15.0 in July, in line with market expectations and compared … Continue reading →

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Crude Oil: Oil extends its gains in the morning session

Posted on July 30, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.49% against the USD and closed at USD41.28 per barrel, after the Energy Information Administration (EIA) reported that crude oil inventories fell by 10.6 million barrels to … Continue reading →

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Silver: White metal trading lower in the morning session

Posted on July 30, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 1.06% against the USD and closed at USD24.40 per ounce. In the Asian session, at GMT0300, the pair is trading at 24.38, with silver trading 0.06% lower against the … Continue reading →

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