Monthly Archives: August 2020

Gold: Yellow metal trading on a weaker footing this morning

Posted on August 5, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 2.44% against the USD and closed at USD2037.90 per ounce, as the US dollar weakened. In the Asian session, at GMT0300, the pair is trading at 2033.10, with gold … Continue reading →

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AUD/USD: Australia’s central bank maintains its interest rate at a record low

Posted on August 5, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.59% against the USD and closed at 0.7160. The Reserve Bank of Australia (RBA), in its interest rate decision, left its key interest rate unchanged at 0.25%, as … Continue reading →

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USD/CAD: Canada’s Markit manufacturing PMI unexpectedly climbed in July

Posted on August 5, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.63% against the CAD and closed at 1.3312. On the data front, Canada’s Markit manufacturing PMI unexpectedly climbed to 52.9 in July, defying market expectations for a drop … Continue reading →

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USD/CHF: Swiss Franc trading higher in the morning session

Posted on August 5, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.45% against the CHF and closed at 0.9135. In the Asian session, at GMT0300, the pair is trading at 0.9125, with the USD trading 0.11% lower against the … Continue reading →

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

Posted on August 5, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.24% against the JPY and closed at 105.76. In the Asian session, at GMT0300, the pair is trading at 105.57, with the USD trading 0.18% lower against the … Continue reading →

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

Posted on August 5, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.3071. In the Asian session, at GMT0300, the pair is trading at 1.3088, with the GBP trading 0.13% higher against the … Continue reading →

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EUR/USD: Euro-zone’s producer price index rose for the first time in five months in June

Posted on August 5, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.32% against the USD and closed at 1.1799. On the macro front, Euro-zone’s producer price index rose 0.7% on a monthly basis in June, recording its first increase … Continue reading →

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Crude Oil: Oil trading lower, ahead of API’s weekly crude oil inventories data

Posted on August 4, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.84% against the USD and closed at USD40.77 per barrel, as positive readings on manufacturing activity offset concerns over growing coronavirus cases. In the Asian session, at … Continue reading →

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Silver: White metal extend its losses in the morning session

Posted on August 4, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.55% against the USD and closed at USD24.50 per ounce. In the Asian session, at GMT0300, the pair is trading at 24.45, with silver trading 0.18% lower against the … Continue reading →

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Gold: Yellow metal reverses its losses in the Asian session

Posted on August 4, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.13% against the USD and closed at USD1991.40 per ounce. In the Asian session, at GMT0300, the pair is trading at 1992.30, with gold trading 0.05% higher against the … Continue reading →

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AUD/USD: Australia’s trade surplus widened less than expected in June

Posted on August 4, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.34% against the USD and closed at 0.7125. LME Copper prices declined 0.1% or $5.5/MT to $6,441.0/MT. Aluminium prices fell 0.4% or $6.0/MT to $1,679.5/MT. In the Asian … Continue reading →

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