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GIC provides the latest news about forex and commodities which influence market movements.
Oil Prices Drop, Silicon Valley Bank Shakes Equity Markets
Haryanto
Wed, 15 Mar 2023
Oil prices fell more than $2 a barrel on Tuesday, extending the previous day's decline, as the collapse of Silicon Valley Bank rattled equity markets and stoked fears of a new financial crisis. Bre
Silicon Valley Bank Plunges, Asian Stocks Follow
Asian shares have plunged since Tuesday, with Japanese financials leading losses as concerns over a U.S. banking crisis gripped investors ahead of key inflation data due later in the day. Asian sto
USD/JPY Rebounds Around 133.70 Ahead of US Inflation Data
USDJPY today maintained its mild gains around 133.70 as it snapped a three-day downtrend with a rebound from a one-month low marked on the previous day, March 13, 2023. The Yen pair managed to support
Silicon Valley Bank Crisis Triggers Gold Price Rise
Haryanto
Tue, 14 Mar 2023
Gold Hits Key $1,900 on US Lender Silicon Valley Bank Uncertainty. Gold hit the key $1,900 level earlier this week on speculation that the Federal Reserve will pause interest rate hikes. Also, market
S&P 500 Stocks Rise 1.0% as Yields Rebound as SVB
S&P 500 stock news today - The market has been witnessing a risk-on mood since Monday morning, following the heavy pessimism that occurred the previous day as policymakers took steps to reduce fin
GBP/USD Manages to Break 1.2100 Early This Week
GBPUSD Analysis Today - The GBP/USD pair picked up bids to refresh three-week highs near 1.2125-30 on Monday morning in Europe. It is worth noting that several catalysts including the UK jobs report w
Impact of Silicon Valley Bank Failure: Gold Prices Rise Dramatica...
Haryanto
Mon, 13 Mar 2023
Gold Prices Jump to Highest Level in One Month Due to US Banking Crisis Gold prices reached their highest level in one month on Monday (3/13) due to market expectations that the developin
US dollar currency plunges on high unemployment data!
The US dollar currency halted its rise since Friday after claiming a rise in US unemployment data that implied a possible easing of conditions in the labor market and dampened expectations of further
Forex news today: S&P 500 recorded a 1.5% drop since January
Forex news today, March 10, 2023 regarding the gloomy risk profile as market participants await key data in the coming weeks. Added to the strength of sentiment that could be geopolitical fears surrou
China's Crude Oil Imports Dropped 1.3%, What's the Reason?
Haryanto
Fri, 10 Mar 2023
Global crude oil prices experienced corrections in the previous two sessions due to disappointing Chinese economic data. However, today, global crude oil prices strengthened again after hawkish commen
Oil Prices Drop Amid Concerns About US Interest Rate Hike
Haryanto
Thu, 09 Mar 2023
Oil prices have fallen in recent days and continued their decline on Tuesday, amid concerns that more aggressive U.S. interest rate hikes will hurt demand.In this article, we will discuss why oil pric
Asian Currencies Shaken By Hawkish Fed Talk
Most Asian currencies fell on Wednesday and the dollar hit a three-month high after Fed Chairman Jerome Powell signaled a hawkish stance that could lead to higher interest rates. Asian currencies p
