Daily Archives: July 22, 2020

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

Posted on July 22, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.36% against the USD and closed at USD41.61 per barrel, after the European Union agreed on a stimulus aid package worth €750 billion to aid recovery. In … Continue reading →

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Silver: White metal trading on a stronger footing this morning

Posted on July 22, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 11.08% against the USD and closed at USD22.61 per ounce, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 22.64, with silver … Continue reading →

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Gold: Yellow metal extends its gains in the morning session

Posted on July 22, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 1.29% against the USD and closed at USD1842.50 per ounce, amid weakness in the US Dollar and hopes for further stimulus by the US government. In the Asian session, … Continue reading →

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AUD/USD: Australia’s Westpac leading index rose in June

Posted on July 22, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 1.62% against the USD and closed at 0.7132. LME Copper prices rose 1.5% or $96.5/MT to $6,513.0/MT. Aluminium prices climbed 1.6% or $25.5/MT to $1,646.5/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s retail sales rebounded less than anticipated in May

Posted on July 22, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.58% against the CAD and closed at 1.3452. On the data front, Canada’s retail sales surged 18.7% on a monthly basis in May, less than market expectations for … Continue reading →

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USD/CHF: Switzerland’s trade surplus widened in June

Posted on July 22, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.67% against the CHF and closed at 0.9327. On the data front, Switzerland’s trade surplus widened to CHF2.8 billion in June, compared to a surplus of CHF2.7 billion … Continue reading →

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USD/JPY: Japan’s Jibun Bank manufacturing PMI unexpectedly climbed in July

Posted on July 22, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.37% against the JPY and closed at 106.85. In the Asian session, at GMT0300, the pair is trading at 106.76, with the USD trading 0.08% lower against the … Continue reading →

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GBP/USD: British Pound trading flat in the Asian session

Posted on July 22, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.55% against the USD and closed at 1.2729. On the data front, UK’s public sector net borrowing narrowed to £34.8 billion in June, less than market anticipations and … Continue reading →

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EUR/USD: Euro extends its gains in the morning session

Posted on July 22, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.74% against the USD and closed at 1.1533, after the European Union leaders agreed on a €750 billion coronavirus rescue package to aid recovery from the economic drag … Continue reading →

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