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GIC provides the latest news about forex and commodities which influence market movements.
XAUUSD Today: October 10, 2023 - Strong Signals from U.S. Bonds!
Here’s the update on XAUUSD for today, October 10, 2023. Gold prices (XAU/USD) experienced a significant increase of over 1% on Monday, maintaining levels above $1,800 amid rising geopolitical t
Oil Prices Weigh on USDCAD Today, Down to 1.3570
Today, USDCAD continues to decline for four consecutive sessions, trading lower at around 1.3570 during the early Asian session. This currency pair faces challenges from significant oil
Dollar Takes a Hit! Gaza-Hamas Conflict as the Main Cause
The dollar rose against most major currencies as currency market participants had their first opportunity to respond to Hamas's sudden attacks on Israel. The U.S. dollar, often viewed as a safe haven
XAUUSD Today: October 9, 2023 - Gold Rises Amid Middle East Turmo...
Here is the XAUUSD news update for today, October 9, 2023. Gold prices reached a six-day high in the Asian market on Monday, with a price range around $1,850. The gold market experienced stability aft
XAUUSD Today: October 6, 2023 - US NFP Trigger for Recovery?
Here is today's XAUUSD update for October 6, 2023. Gold prices rose slightly above $1,820 early Friday, following Thursday's movement in Asian trading. Market sentiment turned positive ahead of the ke
EURUSD Analysis: Trading at 1.0500, Is US NFP the Main Focus?
Today's EURUSD analysis in the Asian session shows stable movement within a very narrow trading range, consolidating the recovery of the past two days. This recovery began after the currency
XAUUSD Today: October 5, 2023 - Rebound, But Still Unfinished
Here’s the XAUUSD update for October 5, 2023. For the first time in nine trading days, gold prices entered the green zone on Thursday morning, as sellers took a break after reaching the lowest s
New Zealand Dollar Moves Again, But Not Positively
The New Zealand Dollar against the US Dollar (NZD/USD) attracted some intraday sellers on Wednesday, dropping to a four-week low around 0.5870 after the Reserve Bank of New Zealand (RBNZ) announced it
Official Cash Rate Stabil at 5.50%, Is There Still Investment Opp...
Today, the Monetary Policy Committee of the Reserve Bank of New Zealand has decided to keep the Official Cash Rate (OCR) at 5.50%. This interest rate has impacted economic activity by slowing economic
RBA Interest Rate: Held at 4.1% for 4 Consecutive Months
RBA Interest Rate - In today's meeting, the Board decided to maintain the cash rate target at 4.10% and the interest rate on Exchange Settlement balances at 4.00%, with no changes. Since May
USD/CAD Consolidates: Canadian GDP Becomes Key Focus
The USD/CAD currency pair is currently in a consolidation phase after a recent surge, now trading below the 1.3500 mark in early Monday's Asian session. Weakened U.S. Dollar and falling Treasury yield
Potential Profit for Euro Traders! EUR/USD Rises to 1.0720
The Euro against the US Dollar showed an increase in buying during the Asian session on Friday, successfully reversing most of the previous day's decline, reaching a level of 1.0685, which is the lowe
