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Analysa

A number of central banks raise interest rates further, gold is u...

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Haryanto Mon, 10 Jul 2023

Jakarta, GIC Trade – Gold prices were little changed around $1920 an ounce on Monday, as investors weighed the prospect of further monetary tightening against concerns about a global econom

Production Cut, WTI Oil Prices Fly

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Haryanto Thu, 06 Jul 2023

Jakarta, GIC Trade – WTI crude futures held near $72 a barrel on Thursday after surging nearly 3% in the previous session, supported by supply cuts from major oil producers and a large drop

UK recession worries, sterling plunges

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Haryanto Wed, 28 Jun 2023

Jakarta, GIC Trade – The pound remained pressured amid market caution ahead of a keynote speech from BoE leaders, the Fed. Gilt/UK two-year bonds surged to a 15-year high, the market placin

RBA Determined to Suppress Inflation, Aussie Gets a Fresh Wind

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Haryanto Fri, 09 Jun 2023

Jakarta, GIC Trade – The Australian dollar appreciated to around $0.67, reaching its strongest level in four weeks after the Reserve Bank of Australia raised interest rates again. &nb

ECB Monetary Policy Further, Euro Potentially Rises

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Haryanto Thu, 08 Jun 2023

Jakarta, GIC Trade – The euro traded around $1.07, remaining near a two-month low of $1.0633 touched on May 31, as investors weighed easing inflationary pressures in the eurozone again

Production Cut, Oil Prices Jump 4.6 Percent

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Haryanto Mon, 05 Jun 2023

Jakarta, GIC Trade – WTI crude futures jumped as much as 4.6% to about $75 a barrel on Monday before cutting gains to trade below $74, after Saudi Arabia pledged to cut production by 1 mill

US Interest Rate Expectations Are Higher, Gold Weighs On

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Haryanto Wed, 31 May 2023

Jakarta, GIC Trade – Gold was steady around $1,960 an ounce on Wednesday but was still set to end the month lower, weighed down by hawkish U.S. Federal Reserve expectations and news that a

OPEC to Cut Production, Oil Prices Soar

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Haryanto Wed, 24 May 2023

Jakarta, GIC Trade – WTI crude futures surged above $74 a barrel on Wednesday, rising for a third straight session to their highest level in three weeks, as warnings from the Saudi energy m

US Debt Ceiling Concerns Push Gold Prices Up

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Haryanto Mon, 22 May 2023

Jakarta, GIC Trade – Gold prices edged higher on Monday as protracted discussions around the U.S. debt ceiling and less hawkish comments from Federal Reserve Chairman Jerome Powell added to

Canadian Oil Supply Disrupted, Oil Prices Rise

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Haryanto Tue, 16 May 2023

Jakarta, GIC Trade – WTI crude futures were slightly higher above $71 a barrel on Tuesday, as investors assessed the demand and supply outlook.   Earlier in Monday's trading, oil pri

US Debt Ceiling Negotiations Delayed, Pound Rebound

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Haryanto Mon, 15 May 2023

Jakarta, GIC Trade – The pound sterling tried to move up as the US Dollar Index turned volatile. The release of US Retail Sales data will prove further clarity on the Federal Reserve's

Oil Prices Plummet Weighed by Demand Concerns

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Haryanto Fri, 12 May 2023

Jakarta, GIC Trade – Oil prices fell on Friday, bracing for a fourth weekly decline, as fresh economic concerns in the United States and China rekindled anxiety about fuel demand growth in

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