News
GIC provides the latest news about forex and commodities which influence market movements.
Global Banking Turmoil, Asian Stocks Rebound

Asian shares rose from lows on Tuesday, with Credit Suisse's rescue curbing selling in bank stocks, although a fractious mood and depressed markets left traders wondering when the U.S. interest rate h
Global Gold Prices Jump to $1,960 Amid Global Banking Troubles

Gold Price Forecast - XAU/USD regains upside momentum, following a pullback to year-to-date (YTD) highs, amid cautious optimism about the global banking sector. This information is summarized directly
USD JPY Today Bearish 131.50 As Global Banking Turmoil

USD JPY today corrected sharply below 132.00 in the Asian session. The Yen's safe-haven appeal has soared amidst potential concerns over global banking turmoil triggered by interest rate hikes by west
Daily Technical Analysis: March 20, 2023 – Banking Crisis Haunt...


The dollar fell on Friday as further declines in Credit Suisse and First Republic Bank shares rattled contagion-fearing markets and raised concerns that a recession could be on the horizon from tighte
AUD/USD Back Below 0.6700 Level In Asia

AUD/USD approached a higher high in early Asian trades but retreated after reaching 0.6730. The pair is currently trading and has not seen any significant changes. In early Asian hours, risk appetite
Credit Suisse Takes Over As Measure To Calm Markets

Authorities' moves to avert a global banking crisis appeared to lift market confidence on Monday as investors welcomed emergency dollar liquidity from central banks and Swiss-backed UBS Group's landma
Asian Stock Markets Take Advantage of Less Hawkish Fed Policy

Asian stocks followed the S&P 500 as the US 500 basket staged a solid recovery since Thursday. The remarkable recovery in US equities came after investors shrugged off the risk of a global banking
Down Again! Oil Prices Slump to Lowest Level, Here's the Cause


World oil prices fell again in trading last Thursday, and reached the lowest level in the last 16 months. This happened because market sentiment remained fragile despite good news regarding Credit Sui
USD Index Drops to 104.50 Zone From Weekly High

The USD Index (DXY) is showing some of its recent gains against the greenback versus a basket of its major competitors. The DXY is reported to have returned to the mid-104.00s since Thursday. Index
GBP/USD Consolidates Amid Credit Suisse and BoE Crisis


GBP/USD entered a consolidative phase in early Asian trading on Thursday. The latest news suggests that the Bank of England (BoE) has held emergency talks with its international counterparts as the Cr
Asian Stocks Fall as U.S., European Banks Heat Up

Asian stocks fell on concerns that the U.S. and European banks were roiling. Investors are still reeling from the recent plunge in Silicon Valley Bank and the failure of Credit Suisse has further damp
USD/JPY Down Amid Credit Suisse Turmoil

USDJPY today erased Wednesday's late bounce from a one-month low as it posted a slight decline around 133.00, down for the second straight day since Thursday morning. Based on the latest information w