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GIC provides the latest news about forex and commodities which influence market movements.
Strong Demand Triggers Rapid Oil Price Rise!

Oil prices rose slightly on Friday, posting a second straight weekly gain, as strong demand led to a larger-than-expected draw in U.S. crude stockpiles, offsetting concerns about higher U.S. interest
EURUSD Today Forex: Approaching Weekly Lowest Level!

EURUSD Today Forex - EUR/USD has taken buy offers to consolidate recent decline and move higher from weekly lows around 1.0842 to 1.0850 on Thursday morning in Europe. The Euro and US Dollar currency
The Canadian Dollar Shines Again in the 1.3230-35 Area, FOMC in F...

Canadian Dollar - USD/CAD On Wednesday's Asia session, this currency pair experienced significant buying action and rose from its previous weekly low around 1.3200. The spot price is currently trading
NZD/USD Trend Today: Intriguing Rise at Mid 0.61 Level

NZD/USD Today - The NZD/USD currency pair has attracted some buying interest for three consecutive days on Tuesday and remains stable above the mid-0.61 level during the Asian session. However, the sp
Inflation Weakens, USDIDR Today Above the Resistance Level of Rp1...

USDIDR Today - The USD/IDR pair is attempting to stabilize above the crucial resistance level of 15,000 during the Asian session. The asset has strengthened following the Central Statistics Agency's r
Economic Data Strengthens Dollar: US Dollar Index Soars!

The US Dollar Index (DXY) rose to its highest level in two weeks on Thursday after economic data showed that the labor market remained stable, giving the Federal Reserve the opportunity to continue ra
EURUSD Analysis: Testing Breakout Potential Ahead of Fed's Powell...

EURUSD Analysis - The EUR/USD pair is under selling pressure during the Asian session on Wednesday, moving away from its new weekly highs around the 1.0975 region touched the previous day. The spot pr
PBOC Strengthens Onshore Yuan, USD/CNH Plunges

PBOC - Major state-owned banks in China were seen selling dollars in the offshore foreign exchange market on Tuesday, according to four sources familiar with the matter. This action suggests that auth
EURUSD Analysis Today: Maintaining Positive Bias at 1.0900.

Today's EUR/USD Analysis - The EUR/USD pair starts the new week on a positive note, moving higher from the previous week's high, which was just below the 1.08 midpoint reached on Friday. The EUR/USD s
After UK Interest Rate Hike, Oil Demand Plummets!

Oil price news today - Oil prices fell for a second straight session and headed for a weekly decline of more than 3% on Friday. The decline was caused by higher-than-expected interest rates in the UK
AUDUSD Outlook Today: Approaching 0.6810 Hurdle?

AUDUSD today - On Thursday morning in Europe, AUD/USD failed to extend its corrective rise from the previous one-week low, as well as from the 100-Exponential Moving Average (EMA). This reflects the c
S&P 500, Yields Steady Amid US-China Geopolitical Issues

S&P 500 Stocks - On Wednesday morning, the risk profile remains unclear after the previous day's negative sentiment. However, the market's cautious mood can be attributed to anxiety ahead of major