News
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DJIA: Dow Jones Tests 25k as Post-FOMC Sell-Off Extends
US equities continue to face pressure after last week’s FOMC meeting, and the Dow Jones sees that sell-off extend into a sixth day as prices test below a key support level at 25k.
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Bitcoin: Weekly Short Positions Skyrocket 31% as Prices Hit a 13 Month Low
Traders are less net-long than yesterday and last week, and recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.
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NZDUSD Elliott Wave Analysis: Bullish Impulse Suggests More Upside
NZDUSD appears to be carving a bullish impulse wave in Elliott wave terms. This implies continued strength while holding above .6611.
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EUR/GBP Technical Analysis: Best Gain Since 2016, Downtrend Holds
EUR/GBP prices had the best gain in a day since June 2016 on Brexit fears, but a new resistance line keeps the downtrend intact. October highs should be cleared for a lasting climb.
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XE Market Analysis: North America – Nov 15, 2018
The Dollar lifted out of lows while the Pound dove sharply as support for UK Prime Minister’s Brexit plan collapsed in dramatic fashion, with her Brexit secretary Dominic Raab and two of his cabinet colleagues quitting in protest about the compromises. Cable dove well over 1.5% to a low of 1.2751, building on the sharp […]
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XE Market Analysis: Sterling tumbles as Brexit cabinet approval is “not enough”
OVERVIEW The Pound fell by up to 2% against a basket of currencies Three UK Cabinet Ministers resign on the back of Brexit text being published The Canadian Dollar steadies as oil prices stay firm HIGHLIGHT The Pound has slumped by on average around 2% against a basket of currencies after a number of the […]
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XE Market Analysis: Asia – Nov 15, 2018
Aside from a few modest gyrations, the Dollar was relatively steady in N.Y. trade on Thursday. Incoming U.S. data was supportive overall, though Brexit concerns largely saw traders sit on their hands through the day. EUR-USD moved from 1.1289 lows to 1.1340 highs, while USD-JPY bottomed at 113.10 as Wall Street fell, only to bounce […]
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XE Market Analysis: Europe – Nov 16, 2018
The Dollar has traded broadly softer while the Yen has been an outperformer as U.S. equity futures tipped lower after positive Wall Street session yesterday, and amid a flagging sentiment across Asian bourses, even though Chinese markets managed gains. A senior Trump administration official cited by Reuters said that China’s written response to trade demands […]
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Viral orangutan ad on deforestation slammed by palm industry
KUALA LUMPUR (Nov 16): An industry group that oversees the sustainability of palm oil has hit back at U.K. supermarket chain Iceland Foods Ltd. for…
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Petronas Chemicals 3Q net profit jumps 38% on higher revenue
KUALA LUMPUR (Nov 16): Petronas Chemicals Group Bhd (PetChem) saw its net profit jump 37.7% to RM1.26 billion in the third quarter ended Sept 30, 2018…
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Pence says South China Sea does not belong to any one nation
SINGAPORE (Nov 16): U.S. Vice President Mike Pence said on Friday that the South China Sea does not belong to any one nation and the…
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Thailand dips into cash cows to spur economy as growth eases
BANGKOK (Nov 16): Thailand’s military government is leaning on state-run enterprises to support economic expansion by speeding up investment, as risks loom from fizzling exports…
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Thailand third-quarter growth seen slowing as tourism, exports cool
BANGKOK (Nov 16): Thailand’s economic growth in July-September is expected to have slowed from the previous quarter, a Reuters poll showed, as softer exports and tourism…
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Divest your stake or contribute to B40 health insurance fund, BNM governor tells foreign insurers
KUALA LUMPUR (Nov 16): Foreign insurers will be given the option to divest their stakes in their Malaysian units or contribute to the B40 National…
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Hong Kong third-quarter GDP grows 2.9 percent, outlook clouded by trade war
HONG KONG (Nov 16): Hong Kong’s economy grew 2.9 percent in the third quarter from a year earlier, the government said on Friday, boosted by steady…
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Mah Sing's 3Q net profit falls as buyers adopted cautious stance pre-Budget 2019
KUALA LUMPUR (Nov 16): Mah Sing Group Bhd’s net profit fell 30.4% to RM64.23 million in the third quarter ended Sept 30, 2018 (3QFY18) from RM92.31…
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Malaysia not as dependent on energy prices as in the past, says Guan Eng
KUALA LUMPUR (Nov 16): Malaysia is not as dependent on energy prices as in the past, Finance Minister Lim Guan Eng said, pointing to the…
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Weak credit growth raises odds of first China rate cut in years
SHANGHAI/BEIJING (Nov 16): China’s stubbornly weak credit growth has spurred talk of its first cut in benchmark lending rates in three years, but economists and policy…
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