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EUR/USD Technical Analysis: Downtrend Intact Amid Consolidation
The Euro is stuck in a choppy consolidation range capped near 1.17 against the US Dollar but the dominant downtrend still looks to be firmly intact.
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S&P 500 and Dow Technical Outlook Remains Bullish Until Proven Otherwise
U.S. stocks continue to hold their ground and better despite some reasons not to; S&P 500 & Dow trends remain bullish until proven otherwise.
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Dow Jones Pulls Back to Near-Term Support After Seven-Month Highs
The Dow is pulling back from fresh seven-month highs, and prices have begun a test of a short-term support zone as reports around Chinese tariffs have started to circulate.
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Dollar Best Hope to Stave Off Head-and-Shoulders Breakdown is a Euro Drop
The Dollar’s range is starting to represent one of the longest periods of indecision for the currency in four years. A break is inevitable but the question is ‘how soon’ and whether it will neatly fit the head-and-shoulders.
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AUD/USD Breakout Struggles, EUR/AUD Risks Reversing to August Lows
The breakout lower in AUD/USD struggled, next week may determine if it will continue. Meanwhile a bearish reversal pattern with support break warns EUR/AUD may reverse to August lows.
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XE Market Analysis: North America – Sep 14, 2018
The Dollar extended declines that were sparked by yesterday’s U.S. CPI data. EUR-USD has posted a new high for a third consecutive day, this time at 1.1721, which is the loftiest level seen since the late-August peak at 1.1733. Cable edged out a fresh six-week high of 1.3138, tracking EUR-USD higher amid broader Dollar weakness, […]
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XE Market Analysis: The Currency Market is in Consolidation Mode
OVERVIEW Investors stay away amidst uncertainty over global trade issues. No major update on NAFTA as US and Canadian officials are still wrangling over crucial issues in the dairy and media industries. Oil futures are back below $70, and Precious Metals are trading up with Gold futures up around by $1.65 to $1,208.50 per ounce. HIGHLIGHT
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Ex-IRB DG Hasmah Abdullah to lead tax reform committee
KUALA LUMPUR (Sept 14): Former Inland Revenue Board (IRB) director-general (DG) Tan Sri Hasmah Abdullah has been appointed as the chairperson of the newly-established tax…
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FBM KLCI up 11.16 points after Morgan Stanley upgrade, Asian share gain
KUALA LUMPUR (Sept 14): The FBM KLCI rose 11.16 points or 0.62% with Asian markets as sentiment remained buoyant on the expected renewal of China-US…
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Florence unleashes wrath on Carolina, with worst yet to come
(Sept 14): Hurricane Florence is swirling closer to the U.S. East Coast, battering the Carolinas with water and wind and threatening to unleash widespread destruction. The…
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Vertice loses RM339.86mil job for SUKE project
KUALA LUMPUR (Sept 14): Vertice Bhd has lost a RM339.86 million sub-contract to construct the mainline and other associated works of the proposed Sungai Besi-Ulu…
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Genting Malaysia still in talks with US tribe to recover RM1.77b notes
KUALA LUMPUR (Sept 14): Genting Malaysia Bhd (GENM), which had subscribed to promissory notes issued by the Mashpee Wampanoag Tribe in the US in 2016…