Monthly Archives: August 2020

Crude Oil: Oil trading on a weaker footing this morning

Posted on August 6, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.76% against the USD and closed at USD42.30 per barrel, after the Energy Information Administration (EIA) reported that crude oil inventories fell by 7.4 million barrels for … Continue reading →

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Silver: White metal reverses its gains in the morning session

Posted on August 6, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 3.35% against the USD and closed at USD27.11 per ounce. In the Asian session, at GMT0300, the pair is trading at 27.06, with silver trading 0.18% lower against the … Continue reading →

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Gold: Yellow metal trading flat in the morning session

Posted on August 6, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.84% against the USD and closed at USD2055.60 per ounce, as the US dollar weakened and amid decline in the US Treasury yields. In the Asian session, at GMT0300, … Continue reading →

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AUD/USD: Aussie trading lower in the morning session

Posted on August 6, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.56% against the USD and closed at 0.7200. LME Copper prices rose 1.3% or $85.5/MT to $6,526.0/MT. Aluminium prices climbed 1.7% or $30.0/MT to $1,739.0/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s international merchandise trade deficit widened in June

Posted on August 6, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CAD and closed at 1.3262. On the data front, Canada’s international merchandise trade deficit widened to $3.2 billion in June, amid rise in imports and … Continue reading →

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USD/CHF: Swiss Franc trading a tad lower in the morning session

Posted on August 6, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.58% against the CHF and closed at 0.9082. In the Asian session, at GMT0300, the pair is trading at 0.9085, with the USD trading marginally higher against the … Continue reading →

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USD/JPY: Japanese Yen extends its gains in the Asian session

Posted on August 6, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.14% against the JPY and closed at 105.61. In the Asian session, at GMT0300, the pair is trading at 105.52, with the USD trading 0.09% lower against the … Continue reading →

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GBP/USD: UK’s services sector activity grew at its fastest pace in five years in July

Posted on August 6, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.41% against the USD and closed at 1.3125. On the data front, UK’s Markit services PMI climbed to 56.5 in July, compared to a level of 47.1 in … Continue reading →

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EUR/USD: Euro-zone’s retail sales grew at a moderate pace in June

Posted on August 6, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.62% against the USD and closed at 1.1872. On the macro front, Euro-zone’s retail sales advanced 5.7% on a monthly basis in June, less than market anticipations for … Continue reading →

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

Posted on August 5, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.16% against the USD and closed at USD41.57 per barrel, after the American Petroleum Institute (API) reported that crude oil inventories fell by 8.6 million barrels for … Continue reading →

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Silver: White metal reverses its gains in the Asian session

Posted on August 5, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver jumped 7.43% against the USD and closed at USD26.23 per ounce. In the Asian session, at GMT0300, the pair is trading at 26.01, with silver trading 0.86% lower against the … Continue reading →

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