News
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Japanese Yen Technical Analysis:USD/JPY Ascendent, Needs A Pause
The Japanese Yen is under significant technical and fundamental pressure against the US Dollar, with some temporary respite probably the best bulls can hope for
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Gold and Silver Technical Outlook Remains Uncertain but Improving
Precious metals remain a difficult market, but with price on the move that could soon change; levels and lines to watch.
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Dow Jones Drives to All-Time-Highs to Kick-Off Q4
The Dow Jones Industrial Average continues to ripo, and the index is coming off of another fresh all-time high. This extends the run from the June lows to 12.4% – in less than five months.
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USD/JPY Technical Analysis: Alignment of Forces Keeps Yen Weak
When USD/JPY rallies, traders tend to sleep better and see that all is right in the world. The next test for USD/JPY sets up an attempt with intermarket forces acting as support.
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Elliott Wave Analysis: Crude Oil & Natural Gas Longer Term
The Elliott Wave forecast for crude oil prices show a maturing up trend. The Elliott wave forecast for natural gas show resistance just above current levels.
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Nikkei 225 Technical Analysis: Time To Pause, Build Solid Base
The Nikkei 225 is enjoying an incredible run but it’s looking exhausted and it could be time to consolidate its gains. Near-term support looks solid
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PHP, SGD, IDR, MYR Tech Outlook. Trend Resumption vs Consolidation
The Indonesian Rupiah and Singapore Dollar could be facing uptrend resumption against the US Dollar next while USD/PHP and USD/MYR may prolong their consolidation.
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XE Market Analysis: Europe – Oct 03, 2018
The Euro lifted across-the-board on a report in Italy’s Corriere della Sera says that the government is now planning to cut the budget deficit to 2% of GDP in 2021, following deficits of 2.4% in 2019 and 2.2% in 2020, which sparked a bounce in the euro. The Italian government had previously been planning a […]
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XE Market Analysis: North America – Oct 03, 2018
There have been mixed themes in trading so far today, with the Dollar and Yen trading generally softer, especially against an outperforming Euro, except in the case versus the Australian Dollar, which has underperformed following a 9.4% m/m in Australian building approvals (which confounded the median forecast for a 1.0% m/m rise). The magnitude of […]
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XE Market Analysis: USD gains on strong ADP jobs numbers, Italian worries continue
OVERVIEW The US Dollar strengthens as jobs data shows their economy is in good shape. The Pound holds steady as PM Theresa May stays on script on Brexit. The Loonie sinks slightly, but retains the gains made now that the trilateral USMC Agreement is replacing NAFTA. HIGHLIGHT The US Dollar is strong against today relative […]
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XE Market Analysis: Asia – Oct 03, 2018
Solid ADP jobs and services ISM data supported the Dollar in N.Y. trade on Wednesday, taking the DXY to a better than one-month high of 95.78. EUR-USD fell to 1.1509 lows from 1.1554, while USD-JPY printed 11-month highs of 111.41 on improved risk taking levels. USD-CAD remained relatively steady in the lower 1.28’s. Cable meanwhile, […]
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Singapore's StarHub to cut jobs amid telco sector shakeout
SINGAPORE (Oct 3): Singaporean telecom operator StarHub Ltd said on Wednesday it would cut about 12% of its workforce as part of a strategic revamp…
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Former BNM Governor Zeti honoured with The Royal Award for Islamic Finance 2018
KUALA LUMPUR (Oct 3): Former Bank Negara Malaysia (BNM) Governor Tan Sri Dr Zeti Akhtar Aziz walked away with the Royal Award for Islamic Finance…
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Axiata, Maxis, TM, TIME, APFT, Country Heights and PRG
KUALA LUMPUR (Oct 3): Based on corporate announcements and news flow today, companies in focus on Thursday (Oct 4) may include: Axiata Group Bhd, Maxis…
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KLCI seen trending sideways, hover below 1,805-level
KUALA LUMPUR (Oct 4): The FBM KLCI is expected to trend sideways today, in line with the slight gains at most regional markets and hover…
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JPMorgan Sees ‘Full-Blown Trade War,’ and China Stock ETF Sinks
(Oct 4): The biggest exchange-traded fund tracking Chinese equities tumbled Wednesday after JPMorgan Chase & Co. downgraded the nation’s stocks, forecasting a “full-blown trade war”…
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Facebook Faces EU Privacy Probe Under New Beefed Up Data Rules
(Oct 4): Facebook Inc. has become the first big test case for the European Union’s beefed up privacy rules as Ireland’s data watchdog opened a…
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How Should Stock Exchanges Make Money? The NYSE Has Some Ideas
(Oct 4): The New York Stock Exchange proposed that U.S. regulators revise their test of how equity exchanges get paid and suggested freezing the rates…
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Rosmah to be charged today
KUALA LUMPUR: Datin Seri Rosmah Mansor, wife of embattled former prime minister Datuk Seri Najib Razak, will be charged today for offences relating to money…
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KLCI edges up, gains seen capped
KUALA LUMPUR (Oct 4): The FBM KLCI edged up in early trade, tracking its regional peers but any gain at the local bourse is seen…
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Rosmah arrives at KL court to face money laundering charges
KUALA LUMPUR (Oct 4): Datin Seri Rosmah Mansor, wife of embattled ex-Prime Minister Datuk Seri Najib Razak has arrived at the Kuala Lumpur court complex…