EUR/USD: Euro-zone’s economy sharply contracted in 2Q 2020

Posted on August 17, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.19% against the USD and closed at 1.1839 on Friday. On the macro front, Euro-zone’s gross domestic product plunged 12.1% on quarterly basis in 2Q 2020, recording its … Continue reading →

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

Posted on August 14, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.52% against the USD and closed at USD42.36 per barrel, after the International Energy Agency (IEA) lowered its forecast for global crude demand in 2020. In the … Continue reading →

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Silver: White metal trading lower in the Asian session

Posted on August 14, 2020 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 8.64% against the USD and closed at USD27.67 per ounce. In the Asian session, at GMT0300, the pair is trading at 27.36, with silver trading 1.12% lower against the … Continue reading →

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Gold: Yellow metal reverses its gains in the morning session

Posted on August 14, 2020 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 1.85% against the USD and closed at USD1959.60 per ounce, as the US dollar weakened and amid slow recovery in the US labour market. In the Asian session, at … Continue reading →

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AUD/USD: Aussie extends its losses in the Asian session

Posted on August 14, 2020 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.13% against the USD and closed at 0.7151. LME Copper prices marginally rose to $6,380.0/MT. Aluminium prices declined 0.9% or $16.0/MT to $1,738.0/MT. In the Asian session, at … Continue reading →

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USD/CAD: Loonie trading on a weaker footing this morning

Posted on August 14, 2020 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CAD and closed at 1.3221. In the Asian session, at GMT0300, the pair is trading at 1.3231, with the USD trading 0.08% higher against the … Continue reading →

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USD/CHF: Swiss Franc trading lower in the Asian session

Posted on August 14, 2020 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.3% against the CHF and closed at 0.9095. In the Asian session, at GMT0300, the pair is trading at 0.9102, with the USD trading 0.08% higher against the … Continue reading →

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USD/JPY: Japanese Yen trading a tad higher in the morning session

Posted on August 14, 2020 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.10% against the JPY and closed at 106.97. In the Asian session, at GMT0300, the pair is trading at 106.95, with the USD trading marginally lower against the … Continue reading →

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GBP/USD: British Pound trading lower in the morning session

Posted on August 14, 2020 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.25% against the USD and closed at 1.3069. In the Asian session, at GMT0300, the pair is trading at 1.3054, with the GBP trading 0.11% lower against the … Continue reading →

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

Posted on August 14, 2020 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.25% against the USD and closed at 1.1817. On the macro front, Germany’s consumer price index fell 0.1% on a yearly basis in July, compared to a rise … Continue reading →

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Crude Oil: Oil trading a tad lower in the morning session

Posted on August 13, 2020 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.43% against the USD and closed at USD42.58 per barrel, after the Energy Information Administration (EIA) reported that crude oil inventories fell by 4.5 million barrels for … Continue reading →

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