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GIC provides the latest news about forex and commodities which influence market movements.
China Triggers WTI Oil Price Surge, Soaring Above $81.00!
WTI, or Western Texas Intermediate, the U.S. benchmark crude oil, traded around $81.02 on Monday, experiencing moderate gains for three consecutive days. However, the upward price trend for W
Bearish Moment: Will USD/JPY Be Affected Today?
The USD/JPY currency pair continues to face pressure today for the second consecutive day after reaching this year's high (YTD), correcting around 145.50 on Friday morning in Europe. This is
New Zealand Dollar Soars! Breaks 0.5900 Level Overnight
New Zealand Dollar - The NZD/USD currency pair has seen a modest recovery after hitting a new low of around 0.5930 since November 2022 during the Asian session on Wednesday. This is a response to the
USDCAD Update: Currency Pair Plunges to 1.3400
USDCAD News Today - The USD/CAD currency pair faced supply during Tuesday’s Asian session, erasing most of the previous night’s gains and pushing prices back toward recent highs.
Dollar Hits Hard! Japanese Yen Surges Past 145 Today
The Japanese Yen experienced fluctuations today after dropping to a yearly low against the US dollar. The Yen reached the key level of 145, as traders cautiously looked for signs of potential interven
US PPI Drives Aussie Dollar, Surpassing 0.6530?
Aussie Dollar - The AUD/USD currency pair remains under pressure in the Asian trading session due to investor concerns about potential deflation in China and comments from Federal Reserve officials fa
Japanese Yen Beats USD! Hits 144.00 Amid Inflation Turmoil
The Japanese Yen against the US dollar (USD/JPY) has increased demand to refresh its one-month high around 143.90. This comes despite a slowdown in the US dollar ahead of key data on Thursday. Thus,
US Dollar Shines Today Despite China's Shock to Global Markets!
The US Dollar maintains its lead in Asia on Wednesday, continuing its value rise against major currencies from the previous day. This is attributed to investor efforts to seek refuge in this currency
Global Gold Prices Pressured by Dollar Strength and Fed Turmoil!
Global gold prices are declining on Tuesday, extending losses from the previous session due to uncertainty about the Federal Reserve's next steps. Additionally, there is anticipation of stronger infla
Canada's Rate Hits 1.3400 Today, Profit Opportunities Soar!
Canada’s Exchange Rate Today - The USD/CAD pair began the week in a calm environment, moving narrowly around the 1.3370 level during the Asian trading session. The spot rate remain
New Zealand Dollar Slips, Traders Prepare for Potential Losses?
On Friday, the New Zealand Dollar rose 0.3% to around $0.6094 after stagnating in the previous session. This increase was due to a weakening US Dollar, which caused the US Dollar Index to fall to arou
Yen Today: BoJ Intervention Boosts USD/JPY Above 143.00!
Yen today - The USD/JPY currency pair experienced a slight decline around 143.20 as Japanese authorities took action to maintain currency exchange rate stability on Thursday morning. Thus, the Yen pai
