News
GIC provides the latest news about forex and commodities which influence market movements.
AUD Today: Currency Plunges, Is Investment the Solution?

Today, the AUD continues to decline in value during the second session, hovering around a key level on Wednesday. The AUD/USD currency pair faces downward pressure due to weak economic data from Austr
XAUUSD Today: October 31, 2023 - Gold Prices Set to Potentially R...

Here is the XAUUSD news update for today, October 30, 2023. Gold prices slowed below $2000 on Tuesday morning after a sharp drop from a five-month high on Monday. Market sentiment turned negative afte
Japanese Interest Rate Review: This is BoJ's Decision

Bank of Japan (BoJ) is Expected to Announce Interest Rate Policy Results and Yield Curve Control (YCC) Policy Today, October 31, 2023 As the BoJ policy announcement approaches, the Japanese Y
XAUUSD Today: October 30, 2023 - Gold Price Approaches $2,000 Aga...

Here is the XAUUSD news update for today, October 30, 2023. The gold price has entered a consolidation phase at the start of the new week after reaching a five-month high of $2,009 last Friday. The ma
WTI Oil Prices Today Under Pressure Amid Middle East Conflict

WTI oil prices today are facing selling pressure on the first day of the week after mostly positive movement last Friday. However, the commodity has rebounded from early lows in the Asian session and
XAUUSD Today: October 27, 2023 - Approaching $2,000 by Week's End

Here’s the update on XAUUSD for today, October 27, 2023. Gold prices remained stable below $1,980 early on Friday after experiencing trading volatility on Thursday. The market is conside
Aussie Dollar Plummets After Rebound! Here's the Reason.

The Aussie Dollar (AUD) rebounded from its annual low on Friday, following a correction in the US Dollar (USD) and the potential interest rate hike by the Reserve Bank of Australia (RBA) on November 7
XAUUSD Today: October 26, 2023 - Is Hamas-Israel Driving Gold Sur...

Here is the XAUUSD news update for today, October 26, 2023. Gold prices (XAU/USD) rose for the second consecutive day on Thursday, nearing a new weekly high, supported by global fund flows into safer
Time to Invest! USD/JPY Soars to 150.50 in the Asian Session

USD/JPY is on the rise, reaching a yearly high. As the Asian session opened on Thursday, the currency pair traded higher around 150.50. The USD/JPY's strength is driven by rising U.S. Treasur
Euro Today: EUR at Risk! Can Lagarde’s Speech Be the Savior?

The Euro (EUR) shows slight vulnerability against the US Dollar (USD), causing EUR/USD to remain below the 1.0600 level at the start of trading. The Greenback has regained stability after a s
XAUUSD Today: October 25, 2023 - On the Brink of $2,000 Record!

Here’s the update for XAUUSD today, October 25, 2023. Gold prices are following a recovery trend observed in the Asian trading session, as buyers became active on Wednesday morning, coinciding w
Australia's inflation spikes 1.2% due to fuel prices

Australia's inflation increased in the September quarter due to rising gasoline prices, adding pressure on the Reserve Bank to raise interest rates. The core consumer price index rose 1.2% fr