News
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Elliott Wave Forecast for Gold & Silver Hints at a Shiny Future
According to the Elliott Wave principle, gold and silver prices may have completed their bearish trends. We are anticipating strong gains for the metals for the rest of 2018.
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Equities Forecast: DAX Eyes July Lows, Dow Jones Trend Remains Up
Another week of gains for the Dow Jones with the index now hovering around the 26,000 level. US equity outperformance keeps trend moderately bullish. DAX bearish sequence brings July lows in focus.
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GBPUSD Weekly Technical Outlook: Building For The Next Leg Higher
GBPUSD is range-bound in the short-term but building for another leg higher with the daily chart remaining bullish.
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USDJPY Weekly Technical Perspective: Technical Signals Mixed After Failed Breakout Follow-Through
The dollar-yen attempted a climb higher this week but fell short of delivering conviction on its downtrend breakout. Technical outlook for the pair is mixed.
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Dollar May Find Better Traction as Liquidity Fills Out in September
The Dollar saw another high profile technical break flounder this past week. The failed launch had less to do with the viability of the pattern and was more likely a byproduct of low liquidity. But, starting next week, we enter the most active trading period of the year.
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XE Market Analysis: Asia – Aug 30, 2018
The Dollar index peaked at 94.90 early in the N.Y. session on Thursday, up from overnight lows of 94.47. In-line jobless claims and earnings figures combined with slightly firmer consumption data to support the Greenback. Sticks and yields headed lower on ongoing NAFTA uncertainty. EUR-USD opened near 1.1695, later making its way to 1.1642 lows. […]
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XE Market Analysis: Europe – Aug 31, 2018
The Yen has posted moderate gains amid a backdrop of souring risk appetite in global markets and associated concerns about emerging markets. President Trump kept sentiment in markets on edge after threatening, during an interview with Bloomberg, to take the U.S. out of the WTO while saying that he was keen to implement the plan […]
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XE Market Analysis: North America – Aug 31, 2018
Risk off conditions gripped markets after Trump threatened to take the U.S. out of the WTO while signalling that he’s ready to take the Sino-U.S. trade war to the next level, which for the main currencies translated to Yen outperformance and Aussie Dollar-led Dollar bloc underperformance. The Turkish Lira still managed to rebound by over […]
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XE Market Analysis: Currencies Sailing between Scylla and Charybdis as August Ends
OVERVIEW Trade tensions are turning sentiment in a defensive mode; World equity markets in the red. Markets remain optimistic but cautious on “enhanced” NAFTA 2. Gold adds nearly $4.50 to shine at $1,205 and WTI down on trade fears
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XE Market Analysis: Asia – Aug 31, 2018
The Dollar rallied broadly in N.Y. on Friday, after it became clear that the U.S. and Canada would not be making a trade deal. Safe-haven flows buoyed the Greenback. The DXY rallied to near highs of the week, peaking at 95.22. EUR-USD fell to one week low of 1.1585, as USD-JPY rallied to 111.10, despite […]
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Nation's finances hanging in the balance
All eyes are on Budget 2019, which is to be tabled in Parliament by Finance Minister Lim Guan Eng on Nov 2. The end of the…
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10% sales tax will increase cigarette prices for all BAT brands
KUALA LUMPUR (Aug 31): British American Tobacco (Malaysia) Bhd (BAT) said today it is also considering raising prices of its cigarettes to reduce the estimated…
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National Parade 2018 in Putrajaya a huge success, says Gobind
PUTRAJAYA (Aug 31): The National Parade 2018, which was held in Dataran Putrajaya today, was a huge success and achievement, said Communications and Multimedia Minister…
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SST: Not much difference for service sector
KUALA LUMPUR (Aug 31): The implementation of the Sales and Services Tax (SST) beginning this Saturday is not expected to make a major difference in…
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Sulaiman Abdullah to lead prosecution team in Najib’s trial, Gopal Sri Ram DPP for 1MDB case
KUALA LUMPUR (Aug 31): Senior lawyer Datuk Sulaiman Abdullah has been appointed to lead the prosecution team in the criminal trial of former prime minister…
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National Day celebrated with patriotism nationwide
KUALA LUMPUR (Aug 31): The 61st National Day celebration was enlivened with the participation of Malaysians from all walks of life and diverse racial backgrounds, reflecting a spirit of…
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