News

The Yen has declined and the commodity currencies have firmed amid a risk-back-on them in Asian markets. China announced fresh initiatives to shore up its equity markets, with its securities regulator announcing earlier that it will encourage share buybacks and investment from insurance companies, and M&A among listed companies, while Trump said, with typical hyperbole, […]

EUR-USD posted fresh intraday lows under 1.1360. EUR-CHF has also come under pressure, while EUR-JPY and EUR-GBP have maintained a relative buoyancy due to specific concurrent underperformance of both the Yen and the Pound. The losses in EUR-USD have been concomitant of a renewed spike in Italian yields following disappointing GDP data out of Italy. […]

OVERVIEW A strong US Dollar is trading near 12-weeks high relative to its major peers Euro and Sterling remain near multi-month lows amid political uncertainty and soft data. NYMEX WTI Crude continues to slide low, down 2.0% to $65.70 a barrel.

The Dollar rallied in N.Y. on Monday, sending the DXY to 16-month highs of 97.02. Incoming U.S. data was supportive, as consumer confidence held up better than expected. EUR-USD fell from over 1.1380 to 1.1341 lows, while USD-JPY topped at 112.98. USD-CAD was supported by softer oil prices, peaking at 1.3147. Brexit concerns continues to […]

HONG KONG (Oct 31): Hong Kong private home prices fell for the second straight month in September, as a global stock market rout and an…

(Oct 31): Chinese search engine operator Baidu Inc on Wednesday forecast lower-than-expected sales for the rest of the year, citing looming economic uncertainty and tough new…

KUALA LUMPUR (Oct 31): The limitless growth potential from digital adoption amid the fourth industrial revolution “boils down to knowledge on application”, said Prime Minister…

KUALA LUMPUR (Oct 30): Someone in Bank Negara Malaysia (BNM) “obviously knows” what happened to the RM2 billion paid by the central bank to purchase…

KUALA LUMPUR (Oct 31): Bank Negara Malaysia (BNM) today said it had in August 2018 commissioned a review by an independent party in relation to…

KUALA LUMPUR (Oct 31): The FBM KLCI rose 0.54% at the midday break today, tracking regional markets, but remained just below the 1,700-psychological level. At 12.30pm,…

KUALA LUMPUR (Oct 31): Malaysia is still studying ‘very deeply’ whether to follow the footsteps of six nations in ratifying the Comprehensive and Progressive Agreement…

KUALA LUMPUR (Oct 31): Malaysia’s producer price index (PPI) slipped 0.2% year-on-year (y-o-y) in September versus August’s 0.3% decline. PPI measures the average change over time…

KUALA LUMPUR (Oct 31): theedgemarkets.com highlighted 2 stocks with momentum at Bursa Malaysia’s afternoon market close today. Both stocks showed negative momentum. The stocks with positive…

KUALA LUMPUR (Oct 31): IOI Properties Group Bhd said it will be launching projects worth a total of RM3 billion in gross development value (GDV)…