News
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Gold & Silver Price Analysis – Looking for More Downside
Gold is trading down towards support tests, while silver breaks a bear-flag and looks headed towards a new cycle low.
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Dow Puts in 1,100 Point Bounce as a Bearish October Winds Down
US stocks have finally caught a bid, with the Dow rallying by more than 1,100 points from this Monday’s low. Will bulls be able to hold the enthusiasm through the November open?
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Japanese Yen Technical Analysis: USD Fights Back, May Be Tired
The Japanese Yen has come under renewed pressure against the Dollar, which has so far averted a key downside test in USD/JPY. Dollar bulls still have work to do, however
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Nikkei 225 Technical Analysis: Key Channel Top Lies In Balance
The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to break if the bulls are to push on
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EUR/USD Technical Analysis: Critical Long-Term Support Broken
The Euro finished October with a break below support capping losses for five months, opening the way for the decade-long downtrend to resume.
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XE Market Analysis: Europe – Oct 31, 2018
The Dollar majors have been trading mixed and in generally narrow ranges against a backdrop of mostly stock markets, which are finishing a bad month with something of a flourish. Chinese stock markets managed a second day of gains, despite the official October manufacturing PMI falling to 50.2, the lowest since July 2016 and down […]
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XE Market Analysis: North America – Oct 31, 2018
EUR-USD printed a fresh four-month low at 1.3330. Data, including an expected rise in October Eurozone HICP to 2.2% y/y from 2.1%, had little impact. We remain bearish of EUR-USD with signs of flagging economic growth momentum in the Eurozone, along with concerns about the Eurosceptic political movement, juxtaposing a U.S. economy in relative health […]
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XE Market Analysis: Asia – Oct 31, 2018
The Dollar index printed fresh tend highs of 97.19 in N.Y. on Wednesday, with support coming from a higher than expected ADP jobs print. EUR-USD bottomed at 1.1305, just above the August low, while USD-JPY printed three-week highs before turning lower. USD-CAD bottomed at 1.3110 before rallying to 1.3165, while Cable bucked the trend and […]
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Malaysia ranked 15th in World Bank Doing Business 2019 Report
KUALA LUMPUR (Nov 1): Malaysia has regained its place among the top 20 economies in the world at number 15 in the World Bank Doing…
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Nextgreen
KUALA LUMPUR (Nov 1): theedgemarkets.com highlighted one stock with momentum at Bursa Malaysia’s afternoon market close today. The stock, which showed negative momentum, was: Nextgreen Global Bhd…
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Testy talks, tangled taxes: Amazon's slow push into Brazil's retail jungle
SAO PAULO (Nov 1): Amazon.com Inc is struggling to ramp up its operations in Brazil, a promising market that so far has proven difficult for the…
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AirAsia starts Ipoh-Singapore service, fares from RM36
KUALA LUMPUR (Nov 1): Low-cost carrier AsiaAsia Group Bhd is introducing a new route from Ipoh to Singapore, its first international service from the city. In…
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Father of Web says tech giants may have to be split up
LONDON (Nov 1): Silicon Valley technology giants such as Facebook and Google have grown so dominant they may need to be broken up, unless challengers or…