British Pound Technical Outlook: GBP/USD, EUR/GBP Wedge Patterns in Focus
The British Pound finds itself trading within converging trendlines, as Rising and Falling Wedge patterns define GBP/USD and EUR/GBP price action.
Stock Market & Investment News
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Dr Mahathir not hospitalised
KUALA LUMPUR (Jan 23): Former prime minister Tun Dr Mahathir Mohamad is still at his house today and not hospitalised, thereby denying rumours that he…
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Govt warns it will impose full-scale lockdown if infections don't decrease — Eurocham
KUALA LUMPUR (Jan 24): The government will launch a full-scale lockdown after Feb 4 if the number of Covid-19 cases is not brought under control, according…
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Oil industry reels as Biden targets fossil fuels in first days
(Jan 23): Hours after taking office, President Joe Biden made good on a campaign promise to cancel the Keystone XL oil pipeline. Later that day his…
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Malaysia’s daily Covid-19 cases drop to 3,346, outpaced by 4,427 recoveries
KUALA LUMPUR (Jan 24): Malaysia recorded 3,346 new Covid-19 cases today, bringing the total number of cases in the country to 183,801 cases. This is a…
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XE Market Analysis: Asia – Jan 22, 2021
FX trade was choppy on Friday, leaving the DXY gyrating in a relatively narrow range between 90.06 and 90.30. Early risk-off conditions resulted in some safe-haven USD buying, though as Stocks moved off their worst levels, the Greenback faded again. Incoming U.S. data was strong, with bot Markit PMIs and existing home sales beating estimates, […]
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XE Market Analysis: North America – Jan 22, 2021
The dollar has traded mostly firmer up on a safe haven bid with the reflation trade having come to a firm stop. The DXY dollar index lifted moderately to a 90.26 high after basing out at a nine-day low at 90.05. The greenback still lost ground to the euro, which outperformed as market participants continued […]
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