Daily Archives: July 1, 2020

Crude Oil: Oil trading higher, ahead of EIA’s weekly crude oil stockpiles data

Posted on July 1, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil slightly declined against the USD and closed at USD39.69 per barrel, amid fears that resurgence in new coronavirus cases would hurt energy demand. In the Asian session, at … Continue reading →

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Silver: White metal trading on a stronger footing this morning

Posted on July 1, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 2.59% against the USD and closed at USD18.59 per ounce. In the Asian session, at GMT0300, the pair is trading at 18.65, with silver trading 0.32% higher against the … Continue reading →

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Gold: Yellow metal extends its gains in the morning session

Posted on July 1, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.73% against the USD and closed at USD1797.70 per ounce, as worries over rising COVID-19 cases increased demand for the safe haven asset. In the Asian session, at GMT0300, … Continue reading →

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AUD/USD: Australia’s AiG performance of manufacturing index climbed in June

Posted on July 1, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.44% against the USD and closed at 0.6902. LME Copper prices rose 1.4% or $81.0/MT to $6,038.0 /MT. Aluminium prices climbed 0.8% or $13.0/MT to $1,602.0/MT. In the … Continue reading →

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USD/CAD: Canada’s economy contracted on a monthly basis in April

Posted on July 1, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.61% against the CAD and closed at 1.3575. On the data front, Canada’s gross domestic product (GDP) plunged 11.6% on a monthly basis in April, less than market … Continue reading →

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USD/CHF: Switzerland’s real retail sales rose in May

Posted on July 1, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CHF and closed at 0.9471. On the data front, Switzerland’s real retail sales jumped 6.6% on a yearly basis in May, compared to a revised … Continue reading →

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USD/JPY: Japan’s annualised housing starts fell in May

Posted on July 1, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.35% against the JPY and closed at 107.96. On the data front, Japan’s construction orders fell 6.1% on a yearly basis in May, compared to a drop of … Continue reading →

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GBP/USD: UK economy suffers its largest fall in 41 years

Posted on July 1, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.69% against the USD and closed at 1.2392. On the data front, UK’s gross domestic product (GDP) dropped 2.2% on a quarterly basis in the first quarter of … Continue reading →

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EUR/USD: Euro-zone’s inflation accelerated in June

Posted on July 1, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.09% against the USD and closed at 1.1235. On the macro front, Euro-zone’s consumer price index rose 0.3% on a yearly basis in June, compared to a rise … Continue reading →

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