Daily Archives: August 7, 2020

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

Posted on August 7, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.61% against the USD and closed at USD42.04 per barrel, amid concerns over fuel demand. In the Asian session, at GMT0300, the pair is trading at 41.92, … Continue reading →

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Silver: White metal reverses its gains in the Asian session

Posted on August 7, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 8.93% against the USD and closed at USD29.53 per ounce. In the Asian session, at GMT0300, the pair is trading at 28.96, with silver trading 1.93% lower against the … Continue reading →

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Gold: Yellow metal trading a tad lower in the morning session

Posted on August 7, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 1.22% against the USD and closed at USD2078.30 per ounce, amid weakness in the US dollar and concerns over growing coronavirus cases. In the Asian session, at GMT0300, the … Continue reading →

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AUD/USD: Australia’s AiG performance of services index rose in July

Posted on August 7, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.47% against the USD and closed at 0.7234. LME Copper prices declined 1.1% or $72.0/MT to $6,453.5/MT. Aluminium prices fell 1.0% or $17.0/MT to $1,722.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie extends its losses in the Asian session

Posted on August 7, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.35% against the CAD and closed at 1.3309. In the Asian session, at GMT0300, the pair is trading at 1.3339, with the USD trading 0.23% higher against the … Continue reading →

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USD/CHF: Swiss Francs trading on a weaker footing this morning

Posted on August 7, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CHF and closed at 0.9099. In the Asian session, at GMT0300, the pair is trading at 0.9121, with the USD trading 0.24% higher against the … Continue reading →

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USD/JPY: Japan’s overall household spending declined in June

Posted on August 7, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.09% against the JPY and closed at 105.52. In the Asian session, at GMT0300, the pair is trading at 105.57, with the USD trading 0.05% higher against the … Continue reading →

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GBP/USD: BoE keeps key interest rate steady

Posted on August 7, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.14% against the USD and closed at 1.3144, , after the Bank of England (BoE) forecasted a relatively less pessimistic outlook for the economy. The BoE, in its … Continue reading →

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

Posted on August 7, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.06% against the USD and closed at 1.1879. On the data front, Germany’s factory orders jumped 27.9% on a monthly basis in June, more than market forecast for … Continue reading →

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