Stock Market & Investment News
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Japanese Yen Technical Forecast: USD/JPY Triangle Builds into Wedge
USD/JPY has built a short-term wedge inside of a longer-term triangle – but which one should a trader bias?
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Sterling (GBP) Weekly Forecasts: GBP Supported by Covid Vaccination Hopes
Sterling continues to nudge higher against most major currencies with traders placing their trust in the ongoing UK vaccination plan.
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Crude Oil Technical Outlook: Pullback at Hand Before Next Leg Higher?
Crude oil prices are poised to continue their upward trajectory in 2021, but technical signals hint that a near-term pullback may precede the next major push higher.
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Mexican Peso Technical Forecast: USD/MXN Picks Up Buyer Support
USD/MXN continues consolidation as bearish momentum eases and bias attempt to turn to the upside.
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US Dollar Outlook: USD Surges as Index Rebounds off Trend Support
The Dollar’s first major counteroffensive since September takes the index more than 1.6% off the monthly low. Here are the levels that matter on the DXY technical chart.
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Covid-19: Malaysia's daily cases top 4,000 for the first time at 4,029, with eight more deaths
KUALA LUMPUR (Jan 16): Malaysia’s daily Covid-19 cases topped 4,000 for the first time today at 4,029, which pushed the cumulative number of confirmed infections…
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Reason behind proclamation of emergency 'hardly legitimate' and sets a dangerous precedent, says lawyer group
KUALA LUMPUR (Jan 17): A group of 10 prominent lawyers said today the government has set a dangerous precedent for the use of proclamations when…
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XE Market Analysis: North America – Jan 15, 2021
The dollar has traded moderately firmer, while modest weakness has been seen in the euro and yen, alongside a smidgen of firmness in the Canadian dollar. EUR-USD edged out a two-day low at 1.2136, which is 4 pips shy of the 24-day low that was seen earlier in the week. A lift in the 10-year […]
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XE Market Analysis: Asia – Jan 15, 2021
The Dollar rallied in N.Y. on Friday, seeing the DXY print one-month highs of 90.77, up from 90.43 in early trade. Despite some data misses and lower Treasury yields, the USD posted gains against all major currencies. Hopes for a more efficient rollout of Covid vaccines, and a quicker economic recovery supported the Greenback. Wall […]
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