News
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EUR/GBP Technical Analysis: Euro Uptrend Struggling to Extend
The Euro is struggling to find lasting upside follow-through against the British Pound but the bounds of the near-term uptrend remain intact.
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USD/MYR Breaks 2016 Downtrend Resistance, USD/SGD Risks Reversal
Malaysian Ringgit prices fell against US Dollar as the 2016 downtrend resistance line fell apart, more losses could be ahead. Meanwhile USD/SGD is vulnerable to a bearish reversal.
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Nikkei 225 Technical Analysis: Range Base Threatened Once Again
The Nikkei 225 is flirting with a fall through its old range base but support should remain firm not too far below it even if it gives way
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USDRUB Chart Pointing to Further Gains as Russian Ruble Sinks
A further strong advance in USDRUB is looking increasingly likely as the chart of the pair shows a pennant formation.
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EUR/USD: Prices May Fall As Weekly Long Positions Jump 22%
Recent changes in sentiment warn that the current EURUSD price trend may soon reverse lower despite the fact traders remain net-short.
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Gold: Long Positions Remain Above 80% Despite Recent Drop in Prices
Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.
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Bitcoin: Sentiment Sparks a Bullish Bias as Long Positions Hit a Yearly Low
Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.
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GBP/USD: Retail Traders Remain Long In Face of a 7% Drop in Price
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.
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USD/JPY Looks For Reversal While Traders Remain Net-Long
Recent changes in sentiment warn that the current USDJPY price trend may soon reverse higher despite the fact traders remain net-long.
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S&P 500 Trader Sentiment Warns of a Reversal
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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XE Market Analysis: Europe – Sep 06, 2018
The Dollar has continued to trade mixed while the Yen traded generally firmer and the Australian Dollar underperformed amid a risk-off theme in global markets on concerns about emerging market fragility and the next round of U.S. tariffs on Chinese imports. EUR-USD turned lower, back to the lower 1.1600s after posting a six-day high at […]
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XE Market Analysis: North America – Sep 06, 2018
The Dollar traded mostly softer against most of the main currencies, while many emerging market currencies manged to hold their ground today following recent pronounced declines. Amid this was a subtheme of a generally softer Euro, although ranges were limited. Market participants are facing a slew of U.S. data releases due today and tomorrow, highlighted […]
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XE Market Analysis: NAFTA Remains in Intensive Care
OVERVIEW Forex investors are cautious as they watch to see if the US expected will follow up on President Trump’s promise to slap new taxes on Chinese imports The Canadian Loonie is under pressure as NAFTA negotiations continue Gold adds nearly $8.00 to move back above $1,205 HIGHLIGHT
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XE Market Analysis: Asia – Sep 06, 2018
The Dollar index moved higher in N.Y. morning trade on Thursday, topping at 95.21, and up from opening lows of 94.94. Risk-off conditions along with U.S. political nervousness kept safe-haven flows alive. EUR-USD fell to 1.1606 from 1.1654 highs, while the risk sensitive USD-JPY bucked the trend, falling to 110.71 lows. Cable topped at 1.2961 […]
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Dirty secrets: Tainted shipping fuel sparks calls for tighter quality control
SINGAPORE/HOUSTON (Sept 6): A wave of contaminated fuel that has clogged and damaged engines on hundreds of oil tankers and container vessels in the past…
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Ride-hailing giant Grab expects to double revenue in 2019
SINGAPORE (Sept 6): Singapore’s Grab outlined ambitious fundraising plans and predicted that sales will double next year, adding to evidence that Southeast Asia’s most valuable…
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Why a stronger Indonesia is still Asia's most fragile market
SINGAPORE (Sep 6): Notwithstanding solid economic growth, low inflation and a proactive central bank, Indonesia finds itself in the same uncomfortable position it had during the…
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Tenaga initiates National Connectivity Plan pilot project
KUALA LUMPUR (Sept 6): Tenaga Nasional Bhd (TNB) will start a pilot project in Jasin, Melaka this month to assess the technical, safety and commercial…
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KLCI lifted by bargain hunting but seen closing lower before the weekend
KUALA LUMPUR (Sept 6): The FBM KLCI made marginal gains today, thanks to bargain-hunting activities on selected index heavy weights. At 5pm, the benchmark index closed…
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N.Korea's Kim aims for denuclearisation within Trump's first term — Seoul
SEOUL/WASHINGTON (Sept 6): North Korea’s Kim Jong Un has given his first time line to achieve denuclearisation, aiming for the end of U.S. President Donald…
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One dead, 25 injured in Basra protests as main Iraqi port closed
BASRA, Iraq (Sept 6): Iraq’s main seaport closed down on Thursday, following violent clashes between protestors and security forces in the southern city of Basra…
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U.S., India seal military communications pact, plan more exercises
NEW DELHI (Sept 6): India and the United States signed an accord on secure military communications both sides hailed as a breakthrough on Thursday, possibly…
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US weekly jobless claims fall to near 49-year low
WASHINGTON (Sept 6): The number of Americans filing new claims for unemployment aid fell to near a 49-year low last week and private payrolls rose…
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Priceworth, TFP Solutions, TNB, FGV, Alam Maritim, MMC Corp, iDimension, Eduspec, RCE Capital and EA Holdings
KUALA LUMPUR (Sept 6): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Sept 7) may include the following:…
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