News
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Gold & Silver Price Analysis – Resistance Turns Bias Lower
Gold has been livelier than silver, but now that resistance has been met precious metals are at risk of turning lower again.
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Dow Jones Re-Tests 25k: Wall of Worry Proving Too Tall to Climb
US equities continue to wobble, and a week of lower-highs in the Dow makes for a disconcerting backdrop for bulls. Will buyers be able to overcome the growing series of global risks?
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Nikkei 225 Technical Analysis: Oct Falls Threaten 2-Yr Uptrend
In common with many other developed market indexes the Nikkei 225 has endured a miserable October. Where it ends the month could be most interesting.
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XE Market Analysis: Europe – Oct 24, 2018
Narrow ranges have prevailed so far today among the main currencies. USD-JPY edged out a two-day high of 112.63, with the pair maintaining a broadly sideways track that’s been seen for nearly two weeks now.
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XE Market Analysis: North America – Oct 24, 2018
The Euro came under pressure following disappointing flash PMI estimates out of the Eurozone. EUR-USD declined by over 0.5% in posting a 1.1403, which is a two-month low. EUR-JPY fell by 0.5% on route to a six-week low, while EUR-CHF has pegged a two-week low at 1.1373. EUR-USD is now amid its fourth down week […]
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XE Market Analysis: Asia – Oct 24, 2018
The Dollar index rallied to two-month highs of 96.53 in N.Y. on Wednesday, as safe-haven buying again stepped in as a result of another Wall Street sell-off. Flash U.S. PMIs were stronger, though were offset some by weak new home sales figures. EUR-USD bottomed at 1.1380, while USD-JPY was range bound in the lower 112’s. […]
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Grab deal to give Mastercards to millions without bank accounts
SINGAPORE (Oct 25): Mastercard Inc is teaming with Singapore-based ride-hailing company Grab to issue prepaid cards in Southeast Asia, targeting consumers who may not qualify…
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Tesla shares jump as Musk delivers quarterly profit, cash
SAN FRANCISCO (Oct 25): Tesla Inc reported a net profit, positive cash flow and wider-than-expected margins for the latest quarter on Wednesday, delivering on Chief Executive Elon…
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Kenanga IB expects Malaysia 2019 GDP growth to stay weak at 4.7%
KUALA LUMPUR (Oct 25): Kenanga Investment Bank Bhd expects Malaysia’s gross domestic product (GDP) growth in the fourth quarter of 2018 (4Q18) to slow to…
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Stocks crumble as global growth, U.S. earnings fears spook markets
SYDNEY (Oct 25): Asian shares dived on Thursday as hundreds of billions of dollars hemorrhaged from global markets after a rout in tech stocks inflicted the…
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Govt funds rechanneled to 1MDB 'to save the country', says Najib's lawyer
KUALA LUMPUR (Oct 25): The decision by former prime minister Datuk Seri Najib Razak to redirect part of government funds worth RM6.64 billion to repay…
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Technology-related stocks skid in line with global rout
KUALA LUMPUR (Oct 25): Technology-related stocks skidded at mid-morning on Bursa Malaysia in line with the rout at global markets. At 11.07am, the Technology Index on…
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Chinese EV startup WM Motor raising at least $288 million from Baidu, others: sources
HONG KONG (Oct 25): Chinese electric vehicle (EV) startup WM Motor Technology Co Ltd aims to raise at least 2 billion yuan ($288.33 million) in its…
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Putrajaya cancels 4 IPP projects, says Yeo
KUALA LUMPUR (Oct 25): The government has decided to cancel four independent power producers’ (IPP) licences for failure to adhere to conditions stipulated in the…