News
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Gold Weekly Technical Outlook: XAU/USD Breakout Eyeing Initial Targets
Gold broke above key weekly resistance with prices poised for further gains this month. Here are the targets & invalidation levels that matter on the XAU/USD weekly chart.
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Weekly Technical Forecast: Equities’ Tumble and Dollar Correction Threaten Lasting Volatility, Return of Correlations
While there was a wide flush in risk-leaning assets this past week, the steepest declines were registered by the US indices. While these benchmarks did collapse, they have yet to crash through multi-year trendlines. If these floors go, beware reversal patterns for EURUSD, Yen crosses and other key assets.
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EUR/USD Technical Analysis: Bias Bearish Amid Conflicting Cues
Euro technical positioning is offering mixed signals but the overall bias seems to favor further weakness against the US Dollar.
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No land, no affordable homes
KUALA LUMPUR: State governments have been told to help shoulder the responsibility of making sure of sufficient affordable homes available in the country. The housing and…
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Foreign funds sold RM1.05 billion M’sian equity last week, says MIDF Research
KUALA LUMPUR (Oct 15): Foreign funds withdrew RM1.05 billion from local equity at Bursa Malaysia last week, compared to a net inflow of RM69 million…
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KLCI ticks higher as select blue chips lift
KUALA LUMPUR (Oct 15): The FBM KLCI ticked higher on Monday, against the backdrop of weaker regional markets, lifted by select blue chips. At 9.10am, the…
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Top Glove rises to highest level in six weeks
KUALA LUMPUR (Oct 15): Top Glove Corp Bhd shares rose 3.2 percent, more than any full-day gain since July 16. Market Metrics * Shares advanced to RM11.12,…
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Ringgit declines as stock outflows persist
KUALA LUMPUR (Oct 15): Ringgit tracks a decline in Asian currencies as the dollar extends Friday’s gains. Global funds continue to offload Malaysian stocks. * USD/MYR…
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Trump Hints at More China Tariffs, Doesn't Seek `Depression'
(Oct 15): President Donald Trump threatened to impose another round of tariffs on China and warned that Chinese meddling in U.S. politics is a “bigger…
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KLCI rises 0.24% as blue chips lift
KUALA LUMPUR (Oct 15): The FBM KLCI rose 0.24% at mid-morning today, defending its level above the 1,730-point level, lifted by gains at select blue…
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Anwar Ibrahim sworn in as Port Dickson MP
KUALA LUMPUR (Oct 15): PKR president-elect Datuk Seri Anwar Ibrahim was sworn in at Parliament here today as Port Dickson MP, after he won the by-election…
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Pua tells Straits Times to get facts right on 1MDB
KUALA LUMPUR (Oct 15): MP for Damansara and political secretary to Minister of Finance, Tony Pua, has chided the Singapore Straits Times (ST) for allegedly…
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Felda cash flow in critical situation, says Azmin
KUALA LUMPUR (Oct 15): The cash flow condition for Federal Land Development Authority (Felda) is currently in critical situation, according to Minister of Economic Affairs,…
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GBPUSD Weekly Technical Outlook: Turning Short-Term Negative
Sterling has turned lower heading into the weekend with a pair of bearish four-hour candles appearing.
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Japanese Yen Weekly Technical Outlook: On the Cusp of Gains
The smack down of global risk appetite has reinvigorated the Japanese Yen, which is now on the cusp of making significant technical strides versus several currencies.
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EUR/USD Weekly Technical Outlook: Can the Euro Escape Gravity This Week?
Last week the euro erased a breakdown by recapturing significant support around the 11500-line, this shifts momentum back to the top-side, but how long and can it last?
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Government has no plan to abolish Tourism Tax
PUTRAJAYA (Oct 13): The Government does not intend to abolish the Tourism Tax imposed on every foreign tourist visiting Malaysia, said Minister of Tourism, Arts…
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Kedah Govt denies viral message about Mukhriz
ALOR SETAR (Oct 13): The Kedah State government today denied a message that has gone viral on the social media that Kedah Menteri Besar Datuk…
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IGP denies police are sabotaging efforts to trace Jho Low
ISKANDAR PUTERI (Oct 13): Inspector-General of Police Tan Sri Mohamad Fuzi Harun today denied that the police are sabotaging efforts to trace fugitive financier Jho…
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Govt still able to pay RM8bil monthly wages and pensions of civil servants — Lim
PUTRAJAYA (Oct 13): The Pakatan Harapan (PH) government is still able to meet all its monthly financial commitments, including the RM8 billion in monthly salaries…
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PD polls – 54% voter turnout at 4pm, says EC
PORT DICKSON (Oct 13): Voter turnout for the Port Dickson by-election was at 54% out of 75,770 registered voters as at 4pm, the Election Commission…
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UNOFFICIAL: Anwar wins Port Dickson Parliamentary seat
PORT DICKSON (Oct 13): Unofficial results indicate that PKR president-elect Anwar Ibrahim has won the Port Dickson by-election. Malaysiakini reported that Anwar has 22,897 votes as…