News
GIC provides the latest news about forex and commodities which influence market movements.
GBP/USD Today: Strengthens at 1.2150, UK PMI in Focus

The GBP/USD currency pair is struggling to continue its upward trend today. During the Asian session on Monday, the pair is trading around 1.2160. However, after the release of disappointing UK Retai
UK Retail Sales Data Falls, Pound Sterling Weakens

The Pound Sterling (GBP) weakened after the weak Retail Sales report from the Office for National Statistics (ONS) for September. This decline occurred as higher borrowing costs and elevated inflation
XAUUSD Today: October 20, 2023 - Rises to 3-Month High

Here is the update on XAUUSD today, October 20, 2023. The price of gold (XAU/USD) reached its highest level in nearly three months last Friday, supported by global capital flows into safer assets due
XAUUSD Today: October 19, 2023 - Focus on Jerome Powell's Speech

Here is the XAUUSD news update for today, October 19, 2023. Gold prices have entered a bullish consolidation phase around $1,950 after reaching a two-month high of $1,963 on Wednesday. Gold buyers are
Australia's Unemployment Rate Falls to 3.6% in September

The unemployment rate in Australia fell to 3.6% last month, despite employers cutting 39,900 full-time jobs. This has led many to believe that the Reserve Bank may need to raise interest rates to cool
XAUUSD Today: October 17, 2023 - Weak Safe-Haven Demand, Gold Pri...

This is an update on XAUUSD for today, October 17, 2023. Gold prices (XAU/USD) struggled to maintain gains seen at the end of the previous day from the $1,908 level and faced downward pressure during
XAUUSD Today: October 16, 2023 - Profit Potential Is Flowing!

Here's the XAAUSD news update for todaay, October 16, 2023. Gold prices fell again after a massive surge on Friday, returning to a three-week high of $1,933. The US dollar remains resilient w
XAUUSD Today: October 13, 2023 - Closes Above 21 DMA

Here’s the update for XAUUSD today, October 13, 2023. The gold price recorded a slight increase around $1,870 early Friday, returning to the two-week high of $1,885 reached on Thursday. This ris
Yen Today (USD/JPY): Position Remains Unchanged at 150.00

The Yen's value today, October 13, 2023, against the US Dollar (USD/JPY) is attempting to halt its three-day winning streak, trading around 149.80 during the Asian session, close to the key support le
XAUUSD Today: October 12, 2023 - Gold Prices Surge!

Here is the update on XAUUSD today, October 12, 2023. Gold prices (XAU/USD) reached a two-week high during the Asian session on Thursday, showing a strong recovery from the seven-month low of $1,810 t
Today's AUD Prices & Core PCE in Conflict!

The AUD price today halted its five-day winning streak, which began last week, due to the weakening US Dollar (USD). The AUD/USD currency pair strengthened as the likelihood of a higher interest rate
XAUUSD Today: October 11, 2023 - Gold Price Consolidates

Here is the XAUUSD news update today, October 11, 2023. Gold (XAU/USD) price moved with small fluctuations on Tuesday after a strong recovery from the previous seven-month low around $1,810. However,