News
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Japanese Yen Weekly Technical Outlook: Pause Doesn’t Mean Bull Run is Over
The Japanese Yen’s bull run slowed last week, and despite losing ground against three currencies, the Yen remains the best performing major currency in October.
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Gold Weekly Technical Outlook: Price Rally Fizzles Ahead of Resistance
A three-week rally has gold trading just below a critical resistance range in price. Here are the targets & invalidation levels that matter on the XAU/USD weekly chart.
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Weekly Technical Forecast: A Retreat in Global Equities and EURUSD Has Held Up to Trend, What Is Next?
For many assets this past week, the charts speak to a stalled effort to mount more meaningful reversals. With major equities like the Dow and FTSE 100 holding trendline resistence, EURUSD steadying at 1.1450 once again and Gold waffling above $1,210, conviction seems temporarily displaced. What are the levels to watch as we project the […]
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NZD/USD Technical Analysis: NZ Dollar Downtrend Ready to Resume?
The New Zealand Dollar may be preparing to resume the downward trend against its US counterpart following a corrective recovery.
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ASX 200 Technical Analysis: Charts Say Oct’s Close Could Be Key
The ASX 200 has endured a tricky month, in common with many other global indexes. However the Aussie benchmark’s position has been made more precarious by the fall through 6,000
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Sale of local equities by foreign funds narrowed to RM128.7m last week, says MIDF Research
KUALA LUMPUR (Oct 22): Sale of local equities by international funds narrowed to RM128.7 million last week from RM1.05 billion the prior week, said MIDF…
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Public Bank, Affin could be most affected by oversupply of commercial properties, says CIMB Research
KUALA LUMPUR (Oct 22): Public Bank Bhd’s loan growth could be most affected by a slowdown in non-residential mortgages (NRMs) against a backdrop of oversupply…
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MyEG's share price rebounds, surges over 20% after last Friday's selldown
KUALA LUMPUR (Oct 22): After hitting limit-down last Friday, shares in both My E.G. Services Bhd (MyEG) and Datasonic Bhd rebounded in active trade at…
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China spent $198 billion on shantytown redevelopment in January-September: ministry
BEIJING (Oct 22): China’s housing ministry said on Monday investment in a massive shantytown redevelopment project topped 1.37 trillion yuan ($197.64 billion) in the first three…
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Taiwan's president meets relatives of 18 killed in worst rail tragedy in decades
YILAN, Taiwan (Oct 22): Taiwan President Tsai Ing-wen offered words of comfort and encouragement on Monday as she met relatives of the 18 dead and 187…
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Elon Musk says first tunnel is almost done, opens December 10: tweet
NEW YORK (Oct 22): A company owned by Elon Musk that is trying to lower the cost of building high-speed transit tunnels is nearing completion on…
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Digital tax may impact healthy parcel delivery volume growth, says Affin Hwang
KUALA LUMPUR (Oct 22): The government’s plan to mull digital tax on e-commerce companies would likely cause fierce competition in the parcel delivery space, said…
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e-Govt service providers hit by uncertainties
KUALA LUMPUR (Oct 22): Although shares in My E.G. Services Bhd recovered slightly this morning after hitting limit-down last Friday, other e-government service providers saw…
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Govt can claim RM10b from cancelled ECRL project, negotiations still ongoing, says Guan Eng
KUALA LUMPUR (Oct 22): The Malaysian government could claim back the RM10.02 billion paid to East Coast Rail Link (ECRL) contractors if the project is…
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Hishamuddin confirms reaching out to Chinese officials to track Jho Low
KUALA LUMPUR (Oct 22): Former special functions minister Datuk Seri Hishammuddin Tun Hussein confirmed today that he is reaching out to “friends from the past”…