News
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S&P 500 and Nasdaq 100 Charts – Amazon, Google Earnings Weigh Today
This week both the SPX and NDX broke key trend support, then tested yesterday; but today stocks will start on their heels again on afterhours sell-offs in Amazon and Google.
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Gold: Weekly Short Positions Drop 12%
The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.
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Bitcoin May Reverse Higher As Sentiment Shifts
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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AUD/USD Price Sets Up for a Rise, GBP/AUD Risks Extending Reversal
In the final moments of last week, AUD/USD set itself up for a reversal following a hammer on the weekly chart, meanwhile GBP/AUD prices are at risk to deepening losses.
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GBPUSD Weekly Technical Outlook: Short-Term Chart Looks Oversold
GBPUSD is attempting to bounce off its seven-week low and the short-term chart is deep in oversold territory, but longer-term Sterling still looks weak
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XE Market Analysis: Europe – Oct 26, 2018
The Yen has traded with a firming bias while the Australian Dollar and other Dollar bloc currencies have underperformed amid fresh risk aversion in global markets. USD-JPY has drifted to the lower 112.0s, approaching the 11-day low seen on Wednesday at 111.82, while EUR-JPY ebbed to a two-month low and AUD-JPY to a fresh six-week […]
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XE Market Analysis: North America – Oct 26, 2018
The Yen strengthen on a safe-haven bid amid a backdrop of coursing risk aversion, while the Dollar also traded firmer against most currencies outside the case against the Japanese currency. USD-JPY fell to an 11-day low at 111.86, while AUD-JPY dove over 1% into two-year territory and EUR-JPY printed two-month lows.
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XE Market Analysis: G-10 Currencies Fading Away as US GDP Gallops Faster
OVERVIEW The USD touched a two-month high vis-à-vis its significant peers as American GDP beat estimates Commodity-currencies slid into negative territory amid trade tensions and falling oil prices NYMEX WTI Crude rolled lower, down 1.2% to $66.70 a barrel. HIGHLIGHT
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XE Market Analysis: Asia – Oct 26, 2018
The Dollar index fell from trend highs of 96.86 to 96.31 before finding its footing in N.Y. trade on Friday. A stronger than expected Q3 U.S. GDP print gave no help to the Greenback, as risk-off conditions prevailed following earnings misses from Amazon and Google, which saw Wall Street tank. EUR-USD topped at 1.1413 from […]
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Gamuda, MMC shares rise on MoF nod to continue MRT2 underground portion
KUALA LUMPUR (Oct 26): Shares of Gamuda Bhd and MMC Corp Bhd rose to their highest level in two weeks, after it was announced that…
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GM wants Trump administration to back national electric vehicle program
WASHINGTON (Oct 26): General Motors Co said on Friday it wants the Trump administration to back a nationwide program to boost the sale of zero emission vehicles…
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World stocks head for worst losing streak in over half a decade
LONDON (Oct 26): Global stocks slid lower on Friday and were set for their worst week in more than five years, as anxiety over corporate…
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KLCI down 2.83% for the week
KUALA LUMPUR (Oct 26): The FBM KLCI closed at 1,683.06 points today, down 49.08 points or 2.83% for the week no thanks to current weak…
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Exclusive: Guarding stability, China likely to slow yuan's slide to 7 per dollar: sources
BEIJING (Oct 26): China is likely to use its vast currency reserves to stop any precipitous fall through the psychologically important level of 7 yuan per…
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AirAsia's Malaysia, Indonesia, Philippines ops fly 9% more passengers in 3Q18
KUALA LUMPUR (Oct 26): AirAsia Group Bhd’s consolidated aircraft operating certificates (AOCs) comprising Malaysia, Indonesia and the Philippines saw total passengers increase by 9% in…