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GIC provides the latest news about forex and commodities which influence market movements.
Greenback Shows Off Its Teeth Again
The US dollar strengthened in early trading on Thursday (10/22), recovering losses from the previous day amidst the focus still on developments in negotiations on the latest US stimulus in Congress. T
US Stimulus Will Finally Be Released
The greenback plunged after positive signals from talks on the US stimulus program plan to tackle Covid-19. Market players' focus since the beginning of the week has been on the US stimulus agreement.
US Stimulus Doubts Impact Black Gold Declines
Oil fell for a fourth day as a deal on more U.S. stimulus remained elusive, while OPEC and its allies showed no sign of changing course on plans to ease output cuts in January. Futures in New York fe
GBP Plunges After Boris Johnson's Statement
British Prime Minister Boris Johnson said on Friday (16/10) that he would not seek a Brexit deal unless there was a fundamental change in approach from the European Union. Johnson said in a statement
GOLD Shines Again Above $1900/Troyounce
Gold is still moving in the green zone for a second straight day above the key $1,900/troyounce level. "Gold is up around the $1,900 level and looks ready to consolidate until the US presidential elec
Aussie Slumps After Jobs Data, RBA Statement
Australia's employment data fell by -29.5k compared to the previous month's release. However, on the other hand, the unemployment rate experienced a slight increase from the previous month and was bel
Gold Falls as Greenback Strengthens
The strengthening of the US Dollar is driven by the erased optimism of the vaccine discovery by Johnson & Johnson. Risk appetite weakened after Johnson & Johnson announced on Tuesday that they
Aussie Crashes After China Bans Coal Imports
China reportedly banned Australian coal imports on Tuesday (Oct. 13), causing several Aussie coal vessels to be stuck in Chinese ports, the South China Morning Post reported this morning. Observers sa
Hurricane Delta Weakens Oil Prices
Harga minyak turun untuk sesi kedua berturut-turut pada hari Senin karena produsen AS mulai memulihkan produksi setelah Badai Delta melemah. Sementara pemogokan yang mempengaruhi produksi di Norw
Stimulus Hopes Blow & Gold Rebounds
Gold prices moved higher on Friday (10/9), supported by a weaker US dollar and optimism over a coronavirus relief package in the US after President Donald Trump said talks with Congress had resumed.
Nikkei Rally After Wall Street's Green Day
The Nikkei index movement rose after several stock components in the Dowjones closed in positive territory. Investors currently appear to be watching the development of stimulus support in the US, aft
Trump Pulls Stimulus Handbrake
President Donald Trump decided to end COVID-19 stimulus negotiations and postpone them until after the election. He accused the Democratic Party of not having the good faith to negotiate. Trump's cont
