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AUD/USD Technical Analysis: 10-Month Trend Resistance Broken
The Australian Dollar is aiming above the 0.73 figure against its US counterpart after soaring above ten-month bearish trend resistance.
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FTSE Technical Outlook – Watch Resistance Ahead on Further Strength
The FTSE held the March lows and is bouncing along nicely but keep an eye on resistance levels in the days ahead as the trend remains generally negative.
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AUD/USD, AUD/JPY 2018 Downtrend Under Fire. EUR/AUD Price at Risk
AUD/USD and AUD/JPY prices may have made upside progress, but they are still confined by trend-defining resistance lines. Meanwhile EUR/AUD could be in for more losses ahead.
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XE Market Analysis: Europe – Nov 02, 2018
The Dollar and Yen have traded generally weaker against most other currencies amid a backdrop of strongly-rebounding global stock markets. A détente between on the U.S. and China on trade, along with overall decent corporate earnings, mostly firm U.S. data this week, and a plethora of stock-boosting measures by Beijing, have collectively elicited a rebound […]
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XE Market Analysis: North America – Nov 02, 2018
Both the Dollar and Yen have been under pressure today against most other currencies. EUR-USD pegged a fresh 9-day high at 1.1445, extending a three-day high rebound from Wednesday’s four-month low at 1.1302. The gains was seen despite the final release of the Eurozone’s October manufacturing PMI being revised lower to a 26-month low reading […]
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XE Market Analysis: Will UK Leavers Find an Approved Brexit Deal in Their Stockings this Christmas?
OVERVIEW The US Dollar bounces back with non-farm payroll data, beating forecasts There were 250,000 jobs created in the US, putting the unemployment rate at 3.17% Sterling waits for more details over an imminent Brexit deal NYMEX WTI Crude slid 20 cents to $63.50 a barrel HIGHLIGHT
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Budget 2019 Highlights
KUALA LUMPUR (Nov 2): The following are the highlights of Budget 2019: Themed ‘Malaysia Wibawa, Ekonomi Dinamik, Rakyat Sejahtera’, Budget 2019 will have 3 focus areas,…
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Dr M: Bulk of Samurai bond proceeds to be used to retire costly loans
KUALA LUMPUR (Nov 2): Prime Minister Tun Dr Mahathir Mohamad said the bulk of the RM7.4 billion or 200 billion yen proceeds to be raised…
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Petronas can afford RM30b special dividend to Putrajaya, says PM
KUALA LUMPUR (Nov 2): Petroliam Nasional Bhd (Petronas) can afford to contribute the RM30 billion special dividend to the Federal Government in 2019 due to…
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A resurgent Malaysia, a dynamic economy, a prosperous society
Complete Budget speech Mr Speaker Sir, 1. I beg to move the Bill intituled “An Act to apply a sum from the Consolidated Fund for the service…