News
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Japanese Yen Technical Analysis: USD Uptrend Holds, Highs Elusive
The Japanese Yen remains in a bit of trouble against the US Dollar, but USD/JPY bulls have yet to claw back all their most recent losses
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USD/PHP Price May Join USD/SGD Descent, USD/IDR Chart Eyes Breakout
Philippine Peso prices may appreciate against the US Dollar amidst bearish reversal warnings just like the Singapore Dollar did recently. Meanwhile USD/IDR prices face chart breakout ahead.
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FTSE Technical Outlook – Slowly Finding its Footing, Levels & Lines to Watch
The FTSE continues to gain traction as the recovery from last week tries to pick up momentum, but overall price action remains uninspiring.
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Gold Price Outlook: Breakout Potential as XAU/USD Consolidates
Gold prices are in consolidation within the September opening-range. Here are the targets & invalidation levels that matter for XAU/USD into the close of the week.
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GBP/USD: Cable Bulls Attempt to Hold Higher-Low Fibonacci Support
Brexit headlines have started to take on a more negative tone, helping to erase an earlier topside pop in the British Pound on the heels of August inflation numbers.
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XE Market Analysis: Europe – Sep 19, 2018
The Dollar has continued to trade with a softening bias, aside from the case of USD-JPY, which posted a two-month high at 112.43 amid a backdrop of rallying stock markets in Asia. Sentiment has been buoyed by pledges of pro-investment and pro-growth measures by China, North Korea’s Kim vow to work on the “complete denuclearization” […]
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XE Market Analysis: North America – Sep 19, 2018
The Dollar traded mostly softer, as did the Yen, against most other currencies amid a backdrop of buoyant global equity markets, although European stock markets showed signs of fatigue following a bullish session in Asia. The USD index (DXY) was showing a 0.2% loss as of the early PM session in Europe. EUR-USD lifted to […]
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XE Market Analysis: Aussies Gain as Tension Eases Between US and China
OVERVIEW UK PM reportedly rejects an EU Irish border deal Oil closing in on 2-month highs HIGHLIGHT The U.S. dollar lost ground on competing currencies on Wednesday. Investors were distracted from the Greenback by even more Brexit-inspired tension surrounding the British Pound. China reiterated that it wouldn’t use its Yuan currency as a weapon in its trade […]
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XE Market Analysis: Asia – Sep 19, 2018
The Dollar index firmed early in the session, topping at 94.71 before falling back to 94.44 lows. Better housing starts data provided some support, though USD buyers ended up booking profits at mid-morning. EUR-USD bottomed at 1.1650, then rallied to 1.1692 highs. USD-JPY was range bound on either side of 112.25, while USD-CAD was choppy, […]
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MACC arrests Najib over RM2.6 bil deposit into his account
KUALA LUMPUR (Sep 19): The Malaysian Anti-Corruption Commission (MACC) has arrested former Prime Minister Datuk Seri Najib Razak in relation to 1MBD, specifically to the…
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China won't weaken currency to boost exports, premier says
TIANJIN, China (Sep 19): China will not stoop to competitive devaluation of its currency, Premier Li Keqiang stressed, hours after China hit back, with a softer…
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China will invest US$14.6 bil to develop digital economy
HANGZHOU (Sept 19): China will invest 100 billion yuan (about US$14.6 billion) for developing the digital economy in the next five years, Xinhua news agency…
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FBM KLCI rebounds above 1,800 points as Malaysian shares play catch up
KUALA LUMPUR (Sept 19): The FBM KLCI rose 7.77 points or 0.43% to close at 1,800.71 points today as Malaysian shares played catch up with…
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Bond issuers no longer required to issue prospectus when making disclosure
KUALA LUMPUR (Sept 19): Corporate bond and sukuk issuers will no longer need to make disclosures through a prospectus and are only required to issue…
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BToto 1Q profit up 17%, proposes 4 sen dividend
KUALA LUMPUR (Sept 19): Berjaya Sports Toto Bhd (BToto) posted a 16.92% jump in net profit to RM86.89 million in the first financial quarter ended…