EUR/USD: Euro-zone’s economic confidence improved to a four-month high in July

Posted on July 31, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.50% against the USD and closed at 1.1846. On the macro front, Euro-zone’s consumer confidence index declined to -15.0 in July, in line with market expectations and compared … Continue reading →

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Crude Oil: Oil extends its gains in the morning session

Posted on July 30, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.49% against the USD and closed at USD41.28 per barrel, after the Energy Information Administration (EIA) reported that crude oil inventories fell by 10.6 million barrels to … Continue reading →

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Silver: White metal trading lower in the morning session

Posted on July 30, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 1.06% against the USD and closed at USD24.40 per ounce. In the Asian session, at GMT0300, the pair is trading at 24.38, with silver trading 0.06% lower against the … Continue reading →

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Gold: Yellow metal reverses its gains in the morning session

Posted on July 30, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 1.06% against the USD and closed at USD1986.10 per ounce, after the Federal Reserve pledged to keep its interest rate near zero until the economy recovers. In the Asian … Continue reading →

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AUD/USD: Australia’s building permits unexpectedly fell in June

Posted on July 30, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.41% against the USD and closed at 0.7186. LME Copper prices rose 1.2% or $75.5/MT to $6,475.0/MT. Aluminium prices climbed 1.0% or $16.0/MT to $1,687.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading a tad higher in the Asian session

Posted on July 30, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.32% against the CAD and closed at 1.3338. In the Asian session, at GMT0300, the pair is trading at 1.3337, with the USD trading marginally lower against the … Continue reading →

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USD/CHF: Switzerland’s ZEW survey expectations fell in July

Posted on July 30, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.63% against the CHF and closed at 0.9122. On the data front, Switzerland’s ZEW survey expectations dropped to 42.4 in July, less than market expectations for a drop … Continue reading →

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USD/JPY: Japan’s retail trade fell for the fourth straight month in June

Posted on July 30, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the JPY and closed at 104.98. In the Asian session, at GMT0300, the pair is trading at 105.05, with the USD trading 0.07% higher against the … Continue reading →

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GBP/USD: UK’s consumer credit dropped in June

Posted on July 30, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.48% against the USD and closed at 1.2990. On the data front, UK’s consumer credit dropped by £0.1 billion in June, less than market expectations for a drop … Continue reading →

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

Posted on July 30, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.57% against the USD and closed at 1.1787. The US Dollar declined against a basket of currencies, after the US Federal Reserve (Fed) kept its interest rate decision … Continue reading →

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

Posted on July 29, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.53% against the USD and closed at USD41.08 per barrel, amid concerns over increasing coronavirus cases around the world. In the Asian session, at GMT0300, the pair … Continue reading →

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