News
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Weekly CoT Update: Speculators Buy Gold at Record Pace, Sell More Euros
Last week, large speculators bought gold at fastest one-week pace, while building the largest short position since early last year.
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GBP/USD Drops Through 1.3000 to Find Support at 88.6% October Fib
Sellers have come back in the British Pound, and GBP/USD is trading below a big level after prices dropped below 1.3000.
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US Dollar Technical Analysis: Breakout Looms As DXY Has Bullish Momentum
Technical traders favor the adage that momentum leads price. If that’s the case, traders may soon see the US Dollar Index test the August high of 96.98.
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AUD/USD Technical Analysis: October Swing Bottom Under Fire
The Australian Dollar looks to be resuming the downtrend against its US namesake, with sellers taking aim at October’s swing bottom once again.
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XE Market Analysis: Europe – Oct 22, 2018
The Yen has softened while the Dollar has been mixed in typically narrow early-week ranges. USD-JPY nudged higher, posting a high of 112.71, which is a 12-day peak, while EUR-JPY has edged out a six-day high. This came as the Japanese currency underperformed amid a China-led rebound in stock markets in Asia following a fresh […]
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XE Market Analysis: North America – Oct 22, 2018
The Dollar continued to find buoyancy, even while the Euro lifted as the pressure came off Italian markets. EUR-USD settled near 1.1500 after printing a three-day high at 1.1550 earlier. The high was driven by broader Euro gains, while the move lower has been driven by broader Dollar gains. EUR-JPY, EUR-CHF and EUR-GBP lifted today, […]
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XE Market Analysis: Asia – Oct 22, 2018
The Dollar index topped at two-week highs of 96.10 in N.Y. on Monday, posting modest gains through the session. There was no data to move the market, though mixed earnings reports weighed on stocks to a degree. EUR-USD bottomed at 1.145, down from near 1.1500 at the open. USD-JPY peaked at 112.88 before settling near […]
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Tenaga could gain from future solar installations — MIDF Research
KUALA LUMPUR (Oct 23): Tenaga Nasional Bhd may benefit from indirect exposure to future solar installations in Malaysia via its unit G-Sparx, according to MIDF…
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Newsbreak: MACC looking into 1MDB-IPIC settlement
THE Malaysian Anti-Corruption Commission (MACC) has started investigating if any wrongdoing was committed by Datuk Seri Najib Razak in agreeing to settle a dispute with…
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Singapore PM to meet Dr Mahathir at Putrajaya retreat, says report
SINGAPORE (Oct 23): Singapore Prime Minister Lee Hsien Loong is scheduled to meet Malaysian Prime Minister Tun Dr Mahathir Mohamad in Putrajaya next month at…
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Govt opens door to German carmakers for 3rd national car project
KUALA LUMPUR (Oct 23): The government is opening its door for German automakers to participate in the third national car project, says the Ministry of…
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Appointment of judges must be free from political influence, says Bar Council
KUALA LUMPUR (Oct 23): The appointment of judges has to be entirely free from political influence, said the Malaysian Bar Council. In a statement today, Bar…
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e-Govt, IT service counters among top actives
KUALA LUMPUR (Oct 23): Shares of companies involved in e-government and IT services were among the top actives this morning, witnessing an extended selldown on…
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Tenaga falls to three-month low, among Bursa's top decliners
KUALA LUMPUR (Oct 23): Shares in Tenaga Nasional Bhd fell as much as 34 sen or 2.34% to a three-month low of RM14.16 in early…
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No tribunal or RCI on EC, says govt
KUALA LUMPUR (Oct 23): There is no necessity for a tribunal or a royal commission of inquiry (RCI) to be set up to investigate the…
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China's Xi opens major sea bridge during symbolic tour to southern China
HONG KONG (Oct 23): Chinese leader Xi Jinping opened one of the world’s longest bridges on Tuesday, during a tour to southern China that is seen…
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Korea, Japan firms eyeing Malaysia as Asean production hub
KUALA LUMPUR (Oct 23): More and more companies in Korea and Japan are eyeing to make Malaysia a production hub for the Southeast Asian market,…
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