Stock Market & Investment News
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USD/MXN Technical Outlook: USD Finds Itself in a Fight at Resistance
The USD has been mounting a small comeback versus the Peso, but trend and resistance stand in the way of a larger advance.
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GBP/JPY IG Client Sentiment: Our data shows traders are now at their least net-long GBP/JPY since Jun 11 when GBP/JPY traded near 134.40.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bullish contrarian trading bias.
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Gold, Silver Price Forecast: Silver Bid, Gold/Silver Ratio Breaks Down
Gold has continued to digest for much of the past six months, but this week saw Silver bulls show up in a very pronounced manner.
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Dow Jones Forecast: Will There be Another 10 Percent Price Drop?
The Dow Jones entered a technical correction after breaking the “Ascending Channel” formed since early November. MACD divergence points to bearish momentum that may lead to a deeper pullback.
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SC, Bursa advise investors to be cautious of social media influence after Gamestop frenzy
KUALA LUMPUR (Jan 29): The Securities Commission Malaysia (SC) and Bursa Malaysia said they are closely monitoring the local stock market in light of the…
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Short selling continues at Top Glove despite GameStop-inspired call to push up glove counters
KUALA LUMPUR (Jan 29): The glove bears today still shorted 2.52 million Top Glove Corp Bhd shares worth RM16.69 million despite the GameStop-inspired call for…
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Robinhood raises US$1 bil in dash for cash after trader revolt
(Jan 29): New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions of…
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Supermax, Top Glove, Mestron, Iris Corp, Homeritz, Uchi Technologies, KTG and Jerasia
KUALA LUMPUR (Jan 29): Based on corporate announcements and news flow today, stocks that may be in focus next Tuesday (Feb 2) include: Supermax Corp…
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Social media induced David vs Goliath tussle over rubber glove stocks
KUALA LUMPUR (Jan 30): Last Thursday evening, certain retail investors created a new forum dubbed “BursaBets”, on social aggregator Reddit, for like-minded individuals to discuss…
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Why short squeeze on Top Glove isn’t as easy to achieve as with GameStop
KUALA LUMPUR (Jan 30): The glove bears which shorted Top Glove Corp Bhd shares do not seem to have backed off that easily, despite the…
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Wall St drops after J&J vaccine data, GameStop effect weighs
NEW YORK (Jan 30): US stock indexes dropped, closing out the Friday session with the biggest weekly fall since October, as investors gauged the ramifications…