Australian Dollar Technical Forecast: AUD/USD Snaps Back from .7000
Despite a post-RBA sell-off from a huge zone of resistance, AUD/USD bulls put-in a higher-low and prices jumped for the final three days of this week.
Stock Market & Investment News
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Oil Price Rebound Undermined by Negative Slope in 200-Day SMA
The 200-Day SMA ($38.75) undermines the recent rebound in the price of oil as the simple moving average continues to track the negative slope from earlier this year.
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Weekly US Dollar Technical Forecast: Falling Below Multi-Year Uptrend Support
The DXY Index is mired in a bearish technical quagmire as the fundamentals winds begin to shift to a headwind.
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Gold Price Forecast: XAU/USD Recovery Faces First Test
Gold prices surged 4.2% off the September lows with the rally now approaching downtrend resistance. Here are technical levels that matter on the XAU/USD weekly chart.
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Airlines play hardball with creditors
KUALA LUMPUR (Oct 10): With no signs of travel normalising soon, AirAsia X Bhd (AAX) and Malaysia Airlines Bhd want creditors to share the pain,…
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Third wave of Covid-19 forcing theme parks to consider temporary closure
KUALA LUMPUR (Oct 10): It has been barely four months since Malaysia’s theme park and attractions industry reopened for business — that too at a…
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Covid-19: 1 Utama, Tropicana Golf Club ordered closed from tomorrow
SHAH ALAM (Oct 10): The 1 Utama shopping complex in Bandar Utama and the Tropicana Golf and Country Resort in Petaling Jaya had been ordered…
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KLIA among top 10 in latest global airport survey
KUALA LUMPUR (Oct 10): The KL International Airport (KLIA) has been ranked among the top 10 in the world according to the latest Airport Service…
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Lessors reject Malaysia Airlines restructuring plan
SINGAPORE/PARIS (Oct 10): A group of leasing companies has rejected a restructuring plan put forward by Malaysia Airlines, bringing the state carrier closer to a…
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Malaysia’s Covid-19 cases breach 15,000 mark with 374 new infections, 277 of them in Sabah
KUALA LUMPUR (Oct 10): Malaysia’s Covid-19 cases breached the 15,000 mark today to reach 15,096 after 374 new infections were reported. There were three new…
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EMCO at Tropicana workers' quarters, 1 Utama closed — Ismail Sabri
KUALA LUMPUR (Oct 10): An Enhanced Movement Control Order (EMCO) will be imposed at a hostel for the staff of Tropicana Corporation Bhd in Petaling…
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XE Market Analysis: Europe – Oct 09, 2020
The dollar is down for a third consecutive day, as measured by the narrow trade-weighted DXY USD index, which pegged a three-day low at 93.43. EUR-USD has remained buoyant, though has so far held below the 1.1781-82 highs seen over the last couple of days. Cable has seen a similar price action, while AUD-USD posted […]