News
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CoT Weekly Update: GBP/USD, AUD/USD & Other Major Markets
The most recent report showed historically large changes in the British pound and Australian dollar, extending short positioning to even bigger long-term extremes.
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GBP/USD: Cable Bulls Grasp on to Fibonacci for Support
The British Pound is pulling back again, but the headline-driven sell-off from last week appears to have found support. The big question remains as to whether bulls can hold the line.
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XE Market Analysis: Europe – Sep 24, 2018
The Dollar has traded moderately firmer into the London interbank open in thin conditions in the absence of Chinese and Japanese markets (for the Mid-Autumn and Equinox holiday’s, respectively). EUR-USD has ebbed under 1.1740, continuing the correction from Friday’s two-month high at 1.1803. The biggest mover on our grid is AUD-USD, which is down 0.3%, […]
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XE Market Analysis: North America – Sep 24, 2018
The Dollar reversed intraday gains that were seen during a thin Asian session (both Chinese and Japanese markets were closed). EUR-USD flipped back above 1.1770 after touching a 1.1724 low. EUR-USD remained comfortably below Friday’s two-month high at 1.1803. USD-JPY has flatlined in early-week trading so far, holding tightly around 111.50-60. AUD-USD lifted out of […]
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XE Market Analysis: US Awaiting the Announcements of Fed Week
OVERVIEW The Euro is at an almost three-month high against the Dollar on Draghi inflation comment The Pound recovers some losses after positive comments from Britain’s Brexit Minister The US Dollar is stable ahead of Fed announcements this week HIGHLIGHT
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XE Market Analysis: Asia – Sep 24, 2018
The Dollar index traded lower early in the N.Y. session on Monday, bottoming at 93.85, before finding a footing. The index later rallied back to 94.22, as U.S. political concerns remained front and center. EUR-USD peaked at 1.1815, then later pulled back to 1.1754 lows. USD-JPY bottomed at 112.44 before topping at 112.75, while USD-CAD […]
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Lim Guan Eng: No to foreigners-only townships
KUALA LUMPUR (Sept 24): Reiterating Prime Minister Tun Dr Mahathir Mohamad’s stance, Finance Minister Lim Guan Eng emphasised that while Malaysia welcomed all foreign property…
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World oil demand, refining growth to peak in 2035: Unipec
SINGAPORE (Sep 24): World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below 100 million bpd currently,…
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Nestlé says to implement 100% satellite monitoring of palm oil supply chains
KUALA LUMPUR (Sept 24): Nestlé S.A. announced today its plan to implement a satellite-based service known as Starling to monitor 100% of its global palm…
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FBM KLCI drops 10.47 points, Bursa share value dips below RM1.5b as trade war hits sentiment
KUALA LUMPUR (Sept 24): The FBM KLCI dropped 10.47 points or 0.58% on profit taking in light of heightened China-US trade war concerns. At 5pm,…
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Nazir's personal farewell letter to CIMB staff
CIMB Group chairman Datuk Seri Nazir Razak penned a personal message of farewell to his staff, which was sent out earlier today before the official…
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Inventor Dyson keen to bring new investments into Malaysia
LONDON (Sept 24): Sir James Dyson, billionaire British inventor of the bagless vacuum cleaner, has expressed interest in bringing new investments into Malaysia and enhancing…
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Sapura Energy bags contracts worth RM815m
KUALA LUMPUR (Sept 24): Sapura Energy Bhd’s wholly-owned subsidiaries have secured four contracts, including contract extension, with a combined value of about RM815 million. In a…