News
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DAX 30 Chart Outlook – Test of Important Support Levels Getting Underway
The German benchmark is trading towards important big picture support; continuing to edge towards validating macro-top.
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GBP/USD: Cable Collects Support Above 1.3000 – Can it Hold?
The British Pound is bouncing after collecting two spots of support already this week at 1.3030, showing bullish defense above the 1.3000 psychological level. Can it hold?
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USD/JPY: A 23% Increase in Daily Long Positions Prompt A Bearish Bias
Recent changes in sentiment warn that the current USDJPY price trend may soon reverse lower despite the fact traders remain net-short.
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S&P 500: Retail Traders Increase Weekly Long Positions Over 20%
Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.
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Brent Crude May Not Stop at $90 As IEA Warns of ’Risky Situation’
Brent crude oil price has spiked, but that doesn’t mean traders are taking profit. Despite trading at the highest level since 2014, Iran uncertainty and other supply shifts could keep this bull roaring.
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Gold: Weekly Short Positions Fall 29% Sparking a Bearish Bias
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.
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NZD/USD Technical Analysis: Upswing May Precede Further Weakness
New Zealand Dollar technical positioning hints a bounce may be ahead, but any gains are likely to be corrective within the broader downward trend.
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Japanese Yen Technical Analysis: USD/JPY Offers Dip-Buy Prospects
The Japanese Yen has fought back a little against the US Dollar but the fundamentals remain against it and will probably reassert themselves soon enough
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XE Market Analysis: Europe – Oct 09, 2018
Narrow ranges have been prevailing among the main dollar pairings an cross rates, though this may change once the European interbank market enters the fray amid a backdrop dynamic of risk aversion. Chinese stock markets have managed to stabilise after yesterday’s rout, though intraday gains have been wiped out in post-lunch trading so far. EUR-USD […]
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XE Market Analysis: North America – Oct 09, 2018
The Dollar has lifted across-the-board, concomitantly with the 10-year U.S. Treasury yield hitting fresh seven-year highs, which contributed to a firmly risk-off sentiment in global markets. The U.S. currency also benefitted by EUR-USD selling amid a renewed spike in Italian yields as markets increasingly lose confidence in the credibility of the coalition government’s budget plans, […]
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XE Market Analysis: Italian Woes Drive Euro to Seven Week Lows
OVERVIEW The DXY Index remains near a six-week high as US Treasury Yields jump to 7-year high The PKR sheds 7% as the country seeks bailout from the IMF WTI holds near $74.30 a barrel as gold slides lower to $1,180 an ounce HIGHLIGHT
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XE Market Analysis: Asia – Oct 09, 2018
The Dollar index fell from opening highs of 96.15 to a low of 95.68 in N.Y. trade on Tuesday. Profit taking from 6-week highs was in the mix, while the Greenback was sold as risk taking levels again soured. EUR-USD bounced from 1.1432 to 1.1494, while USD-JPY dipped briefly under 113.00. USD-CAD flirted with the […]
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Ivanka Trump Says She Won't Replace Haley as UN Ambassador
(Oct 10): President Donald Trump’s daughter Ivanka said she won’t take Nikki Haley’s place as ambassador to the United Nations. “I know that the President will…
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Malaysia's biggest bond house sees end to post-election doldrums
(Oct 10): Malaysian capital markets are finally shaking off the lull that followed Prime Minister Mahathir Mohamad’s surprise election win five months ago, according to…
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Trump Still Doesn't Like the Price of Oil, Even as it Falls
(Oct 10): This time it wasn’t a tweet. President Donald J. Trump is again saying oil prices are too high, even after West Texas Intermediate crude…
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Trump Says He and Kim Are Considering Several Locations for Next Summit
(Oct 10): President Donald Trump said he and North Korean leader Kim Jong Un have “made incredible progress” on negotiations over Pyongyang’s nuclear weapons program…
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Government revenue in 2017 & how it was spent
Click / Tap image to enlarge Download High Resolution .owl-carousel{ …
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More taxes for Malaysians
KUALA LUMPUR: Malaysians might have breathed a sigh a relief too soon after the goods and services tax was removed a few months ago as…
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Oil dips as IMF lowers global growth outlook; eyes on U.S. hurricane
TOKYO (Oct 10): Oil prices edged lower on Wednesday after the IMF lowered its global growth forecasts but prices were supported as Hurricane Michael churned…
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An Open Letter to MMC-Gamuda
By Tony Pua Political Secretary to Minister of Finance Member of Parliament for Damansara 10 Oct 2018 Dear Directors of MMC-Gamuda, Let me applaud you for putting up a great…
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Dr Mahathir's new car brand to be Asean effort to weather trade war
(Oct 10): Malaysia’s third push to build a national car brand may see it sourcing parts from Southeast Asian neighbors, as the region forges stronger…
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KLCI reverses early gains as sentiment turns tepid
KUALA LUMPUR (Oct 10): The FBM KLCI reversed its earlier gains and retreated at mid-morning as sentiment turned tepid. At 10am, the FBM KLCI shed 0.37…
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