News
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DAX 30 and CAC Technical Outlook: Long-term Support in Play
The DAX is trading around important pattern support and above long-term trend-line, while the CAC is bouncing from 14-month levels.
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AUD/USD Technical Analysis: Aussie Downtrend Set to Resume?
Resumption of the Australian Dollar downtrend against its US counterpart may follow a test of resistance guiding the currency lower since late January.
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XE Market Analysis: Europe – Oct 16, 2018
Most Dollar pairings have been steady, holding within respective Monday ranges. Once expectation was NZD-USD, which has rallied to a two-week high of 0.6596 following New Zealand Q3 CPI data, which rose to 0.9% q/q, above the median forecast for 0.7% q/q. USD-JPY, meanwhile, has lifted back above 112.00 but has remained below yesterday’s 112.23 […]
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XE Market Analysis: North America – Oct 16, 2018
The Dollar has traded mixed so far today, reaching the early European PM near net unchanged versus the Euro, lower against the Pound, which lifted on perky UK wage data, and higher versus the Yen, which underperformed amid a backdrop of recovering stock markets. EUR-USD backed away from a test of 1.1600, returning to levels […]
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XE Market Analysis:The Euro Defies Beijing, Brexit and Berlin as it Clings to Key 1.16 Level
OVERVIEW The US Dollar is unsettled with the DXY Index down 0.13% due to geopolitical risks The Euro remains calm despite the ZEW Indicator at a 6-year low NYMEX WTI Crude is holding steady at $71.50 a barrel HIGHLIGHT
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KLCI rises 0.32%, tracks regional gains
KUALA LUMPUR (Oct 17): The FBM KLCI rose 0.32% in early trade this morning, tracking gains at the regional markets. At 9.05am, the FBM KLCI rose…
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Barakah active, falls 12% on getting court order to restrain proceedings
KUALA LUMPUR (Oct 17): Loss-making Barakah Offshore Petroleum Bhd fell 12% in active trade this morning after the group and its unit PBJV Group Sdn…
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Lynas accountable to employees if operations shut down – Fuziah
KUALA LUMPUR (Oct 17): Lynas Corporation Ltd (Lynas) should take full responsibility for its employees who face the risk of losing their jobs if the…
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KLCI pares gains, remains above 1,740-level
KUALA LUMPUR (Oct 17): The FBM KLCI pared some if its gains at mid-morning today, against the backdrop of firmer regional markets. At 10am, the FBM…
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Ringgit strengthens against US dollar on stronger oil prices
KUALA LUMPUR (Oct 17): The ringgit was higher against the greenback in early trade today as demand for the local note improved on the back…
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BAT shares up 1.7% as cigarette price hike looms
KUALA LUMPUR (Oct 17): British American Tobacco (Malaysia) Bhd which carries a portfolio of well known cigarette brands in Malaysia such as Dunhill , Pall…
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Petronas is said to win Saibu 2019-2022 LNG supply deal
TOKYO (Oct 17): Japan’s Saibu Gas awarded tender to buy 1 cargo/quarter from Jan. 2019 to March 2022 to Malaysia’s Petronas, according to traders with…
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Malaysia softens stance on foreign insurers ownership cap: FT
SINGAPORE (Oct 17): Malaysia has reopened discussions about allowing foreign insurance companies to maintain full ownership of domestic insurers, the Financial Times reports, citing three…
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Macron Says Europe Risks Sleepwalking Into Repeat of Nationalism
(Oct 17): French President Emmanuel Macron said Europe must work to counter the “troubled times” ahead as it faces a new wave of extremism. “The world…
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Proton X70 online-booking platform launched today
KUALA LUMPUR (Oct 17): Proton Holdings Bhd has launched an online booking platform on its website for the Proton X70 sport-utility vehicle (SUV), after studying…