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GIC provides the latest news about forex and commodities which influence market movements.
Strike in Norway Boosts Oil Prices
The mass strike has caused six offshore oil and gas fields in Norway to halt operations at the beginning of the week on Monday (October 5). Many rig workers are reported to have joined the protest dem
Greenback Still Influenced by TRUMP Conditions
The US dollar is still moving sideways but tends to weaken against other major currencies in early-week trading (September 5, 2020) as investors await the latest news on President Trump after he was d
Gold Starts to Squirm
Gold prices moved above the strong resistance level at 1900, after previously failing to break through twice. Yesterday's movement rose to the 1912 level, this increase in Gold was supported by the we
The US Dollar Falls Again
The growing risk appetite among market participants has been evident since the beginning of the week, following news that the US House Speaker, "Nancy Pelosi," is optimistic that the proposed stimulus
US Dollar Weakens Ahead of First Presidential Debate
The US dollar weakened against other major currencies, due to market players/investors' caution towards the first presidential debate between Trump and Biden this morning. The weakening of the do
GOLD Strives to Rebound
Gold rebounded as the U.S. dollar weakened from a two-month peak ahead of this week's U.S. presidential debate. President Donald Trump and former Vice President Joe Biden will face off in their first
Greenback Still Strong
Last Friday, the US Dollar briefly weakened following news from a senior member of the US Democratic Party that the government’s coronavirus relief stimulus is likely to be reached soon. Nancy P
Market Review: Price Movements as a Reference for Next Week
The USD corrected slightly yesterday, but remained near a 2-month high amid rising economic concerns and its growing reputation as a safe haven. The USD correction followed a rebound in the US stock m
Gold Bias Begins to Fade, Here's Why
Yesterday's very sharp decline in gold, this fall in gold was caused by: Strong US Dollar Market participants/investors are flocking to buy the Greenback as a safe haven The geopolitical situatio
Reasons for the AUDUSD Crash
AUDUSD plunged and moved below the 0.72000 level. Here are some of the reasons why AUDUSD plunged: RBA Deputy Governor Guy Debelle stated that bond purchases and foreign exchange intervention are o
Regarded as a Safe Haven, Investors Rush to Buy US Dollar.
Investor concerns about the possibility of a second wave of the coronavirus in Europe are quite justified. The latest reports from the relevant authorities revealed that COVID-19 cases in Spain increa
