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GIC provides the latest news about forex and commodities which influence market movements.
WTI Stagnant Around $71.00 on Concerns Over Oil Supply
WTI oil prices retreated to intraday lows around $71.00 as negative sentiment contributed to weak demand in Europe on Tuesday morning. Hence, oil prices were also less affected by the possible supply
USDJPY Rally Today: Opportunity for Traders to Gain Profit?
The USDJPY pair is in a bullish consolidation phase today and is moving in a narrow range below the 142.00 level. This level is the highest level reached since November 2022, which occurred during the
GBPUSD Hit Today by Inflation Expectations, Drops Near 1.2800 Lev...
GBPUSD is trading steady near its highest level in 14 months today, hovering around 1.2780-70 on Friday morning in London. Traders trading the Pound Sterling currency pair are waiting for further clue
Japanese Yen Drops 0.7% Due to USD! Here's What Japan's Spokesper...
Japanese Yen Rate - Japanese government spokesman Hirokazu Matsuno said on Thursday that volatile movements in the foreign exchange market were undesirable, and authorities were closely monitoring the
NZDUSD Price Analysis: Currency Pair Drops 5 Times in a Row!
NZDUSD today suffered its fifth consecutive intraday decline, after hitting a three-week high ahead of Wednesday's European session. The Kiwi currency rate reversed after hitting the 200 SMA as market
WTI Oil Prices Rise Slightly Around $67.70 Amid Weak Markets
WTI crude futures edged up around $67.70 as they consolidated their biggest daily decline in two weeks on Tuesday morning, recovering from their lowest levels since early May amid a sluggish market.
USD Dollar Holds, Traders Cautious Ahead of Central Bank Meetings
The US dollar held steady today, but remained near multi-week lows against a basket of major currencies. Traders are on high alert ahead of this week's central bank meetings, particularly the Federal
EUR/USD Consolidates Today, Trades Round Around 1.0800
Euro news today - On Friday, the EUR/USD currency pair was seen in a consolidation phase after experiencing a significant increase in the previous session. The currency pair reached a two-week high an
Asian Stocks Plunge, Effect of Global Economic Slowdown!
Most Asian shares fell on Thursday as concerns persisted about rising interest rates and slowing global economic growth, although optimism over further stimulus measures from China helped limit some l
Global Gold Up 0.1%, Traded Tightly Awaiting Fed Decision
On Wednesday, world gold prices rose slightly due to a weakening dollar and concerns about the Fed regarding the upcoming interest rate decision. Information on world spot gold today is summarized in
Global Oil Prices Weak! OPEC-Driven Rally Fails?
Oil prices eased in Asia on Tuesday as early optimism over further supply cuts from Saudi Arabia and OPEC was largely overshadowed by ongoing concerns about slowing economic growth and falling demand.
Australian Dollar Today Surges Above 0.6600 On RBA
Australian Dollar (AUD/USD) today remains in the driver’s seat as it refreshes weekly tops near 0.6615 ahead of Friday’s European session. Thus, the Aussie pair is cheering the broad US do
