Oil

The following is a daily technical analysis, March 30, 2023. The data and analysis contained in this newsletter can be used on a wide scale for your trading. However, it is important to note that GICT

The following is a technical daily analysis, March 29, 2023. The data and analysis contained in this newsletter can be used on a wide scale for your trading. However, it is important to note that GIC

The release of consumer confidence data is a composite index level based on households surveyed of about 3,000 households that asks respondents to assess the relative level of current and future econo

The release of PMI data is a diffusion rate based on purchasing managers surveyed in the manufacturing and services industries. Numbers above 50 indicate expansion, while below 50 indicate contracti

The U.S. dollar plunged on Wednesday after the U.S. Federal Reserve raised its key interest rate by a quarter of a percentage point or 25 bps, as expected and pointed to only one more rate hike this y

The U.S. dollar slipped in Monday's trading as investors reacted to UBS's takeover of Credit Suisse. UBS agreed to buy Credit Suisse on Sunday for 3 billion Swiss francs ($3.23 billion) and incur l

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

The release of consumer sentiment data is a composite level of the consumer index surveyed by the University of Michigan of about 500 consumers that asks respondents to rate the relative level of cu

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

The release of Unemployment Claims data or unemployment benefits claims is a change in the number of individuals applying for unemployment insurance for the first time over the past week. The numbe

Brent crude hit a three-month low on Tuesday as concerns over Credit Suisse spooked world markets, offsetting hopes of a recovery in Chinese oil demand. Here is a further explanation of the decline in

Jakarta, GIC Trade – World crude oil prices have increased in early Asian trade on Wednesday, recovering from the previous day's losses, as OPEC's stronger outlook on Chinese dema