Gold Finally Shakes off the Rust, Breaks Range with Silver Following its Lead
Precious metals finally emerged from there multi-week slumber as stocks gyrate and dollar weakens; but can it follow through?
News
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AUD/USD, GBP/AUD May Still Make Breakout Progress Despite U-turns
Despite cautious turnarounds in AUD/USD and GBP/AUD after achieving critical breakouts, key technical barriers still holding ultimately prevent a shift in their original outlooks.
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Dollar’s Retreat Adds Considerable Weight to a Five-Month Reversal Pattern
The Dollar’s flagging momentum turned into a short-term reversal this past week. A right shoulder on a five-month pattern is now being formed, but we still have ground to cover before the speculative windup is complete.
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Technical Forecast for the Dow, S&P 500, DAX, FTSE and Nikkei
It was a brutal week across global equities; but at this stage it looks like a pull back from the prior trends of strength that ran through Q3. Might this turn into something more?
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XE Market Analysis: Europe – Oct 12, 2018
The Dollar has been trading modestly firmer against is major peers into the open of the London interbank market, reversing earlier weakness that was seen after yesterday’s sub-forecast U.S. CPI data. EUR-USD has dipped back under 1.1600, after earlier printing a 12-day high at 1.1610, while USD-JPY has lifted to the 112.30-40 area after posting […]
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XE Market Analysis: North America – Oct 12, 2018
EUR-USD edged out a new intraday low of 1.1575, correcting after earlier printing a 12-day high at 1.1610. USD-JPY settled in the lower 111.0s after posting a 25-day low at 111.83 during the late New York PM session yesterday. The low was seen following by broad Dollar declines in the wake of the softer than […]
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XE Market Analysis: Currency Market Is Timidly Recovering After Going Loco
OVERVIEW The US Dollar is limping into the weekend with the DXY Index up 0.25% The Euro continues to slide lower on profit taking against the GBP and the USD NYMEX WTI Crude is up 1.25% to trade near $71.85 a barrel HIGHLIGHT
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XE Market Analysis: Asia – Oct 12, 2018
The Dollar index recovered modestly in N.Y. trade on Friday, rallying to 95.37 highs, and up from overnight lows of 94.96. The recovery in global equity markets on Friday supported the Dollar, though it remains to be seen whether or not the gains were just a pre-weekend relief rally. EUR-USD dipped to 1.1565 from 1.1610, […]
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Malaysia on the verge of Internet revolution
KUALA LUMPUR (Oct 12): Malaysia is in the cusp of its own Internet revolution, touching the lives of millions of Internet users on how they…
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M'sian deputy minister offers to leave committee reviewing Lynas' rare earth plant
KUALA LUMPUR/MELBOURNE (Oct 12): The Malaysian minister in charge of a committee reviewing Australian rare earth miner Lynas Corp’s plant has offered to step down…
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WhatsApp hits the road with skits to stamp out fake news in India
JAIPUR, India (Oct 12): On a hot morning in India’s tourist mecca of Jaipur, an open truck painted in the signature lime-green colors of Facebook’s WhatsApp…
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Parliament sitting from October 15 to December 11 – Dewan Rakyat secretary
KUALA LUMPUR (Oct 12): The second meeting of the of the first term of the 14th Parliament sitting will last for 30 days, starting Oct…
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China vehicle sales post biggest drop in nearly 7 years as slowdown bites
BEIJING (Oct 12): China’s vehicle sales slid 11.6 percent in September in their worst monthly drop in nearly seven years, as slowing economic growth and a…
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FBM KLCI up 22.25 points with US equity futures
KUALA LUMPUR (Oct 12): The FBM KLCI closed 22.25 points or 1.3% higher on bargain hunting and as Asian stock markets tracked US equity futures’…
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Ministers cannot bring spouses along for less-than-a-week overseas trips — Azmin
SHAH ALAM (Oct 12): All Cabinet ministers are now prohibited from bringing their spouses along for official working trips overseas if the trip is less…
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OSK Holdings, FGV Holdings, Hibiscus Petroleum, Alam Maritim, Muda Holdings, Vertice and MyEG
KUALA LUMPUR (Oct 12): Based on corporate announcements and news flow today, stocks in focus on Monday (Oct 15) may include OSK Holdings Bhd, FGV…
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October effect spooks global equity markets
KUALA LUMPUR (Oct 13): Investor sentiment turned bearish over the last week as the International Monetary Fund (IMF) downgraded its global economic growth forecast to…
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Polling starts in PD by-election
PORT DICKSON (Oct 13): Polling opened at 8am today in the Port Dickson Parliamentary by-election where PKR president-elect Datuk Seri Anwar Ibrahim is seeking the…
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