News
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EUR/GBP Technical Analysis: Has the Long Term Uptrend Resumed?
The Euro has risen to the highest level in nearly a year against the British Pound, seemingly resuming the long-term uptrend. Is this the time to buy in?
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Japanese Yen Technical Analysis: USDJPY Rally May Not Be Done Yet
The Japanese Yen seems to be regaining the upper hand against the US Dollar and others. However USD/JPY is not far from key resistance and may yet break above it
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USD/MYR, USD/IDR and USD/PHP Prices May Fall on the Daily Charts
US Dollar prices could lose ground against the Malaysian Ringgit, Indonesian Rupiah and Philippine Peso while USD/SGD climbs after near-term rising support held on the daily chart.
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DAX & CAC Technical Outlook: Hurdles Stand in Way of Advance
Euro-zone equities have been generally strong recently, but still lagging the stronger U.S. markets and both the German and French benchmarks have hurdles to overcome.
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GBP/USD: Cable Challenges 1.3000 as Fibonacci Support Bounce Extends
The British Pound caught a bid this morning on supportive comments regarding Brexit, helping to offset one of the key bearish drivers in GBP. But with prices now testing 1.3000, can bulls continue to drive?
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XE Market Analysis: Europe – Aug 29, 2018
The Dollar has traded firmer, overall, although has continued to hold steady in a narrow range against the Yen. USD-CAD dropped to its lowest level since June 6 in making a low at 1.2887, driven by a Mail and Globe report, which broke during the Tokyo morning, that Canada is ready to make significant concessions […]
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XE Market Analysis: North America – Aug 29, 2018
USD-CAD dropped to its lowest level since June 6 in making a low at 1.2887, driven by a Mail and Globe report, which broke during the Tokyo morning, that Canada is ready to make significant concessions on diary to secure a trade deal with NAFTA. This is potentially good news as it raises the chances […]
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XE Market Analysis: Asia – Aug 29, 2018
The Dollar index eased in early N.Y. trade on Wednesday, bottoming at 94.59 after opening near 94.90, then largely turning sideways. Yields moved a bit higher after an upwardly revised Q2 U.S. GDP report, while stocks put in an other record top. EUR-USD peaked at 1.1708, under Wednesday’s peak, while USD-JPY ran up to 111.83 […]
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Grab to invest US$250m in Indonesian startups in race against Go-Jek
JAKARTA (Aug 29): Grab will invest US$250 million in Indonesian startups over the next three years through its newly launched innovation arm, as the ride-hailing…
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Profit taking drags down Malaysian stocks
KUALA LUMPUR (Aug 29): Malaysian stocks closed lower today, as investors continued to digest earnings from a slew of corporates and take profits ahead of…
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Najib: Is RM10b price tag for ECRL realistic?
KUALA LUMPUR (Aug 29): Former prime minister Datuk Seri Najib Razak has today asked if the figure of RM10 billion being offered by some parties…
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TM's 2Q net profit down 52% on lower data services
KUALA LUMPUR (Aug 29): Telekom Malaysia Bhd’s (TM) net profit fell 52% in the second quarter ended June 30, 2018 (2QFY18) to RM101.93 million, from…
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Raj's Banana Leaf reopens as RBL Banana Leaf after passing inspections
PETALING JAYA (Aug 29): Raj’s Banana Leaf restaurant in Bangsar which starred in a viral video showing its employees washing dishes and cutlery in potholes…
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US probing if Jho Low laundered 1MDB-linked funds to pay his legal team — WSJ
KUALA LUMPUR (Aug 29): The United States is investigating whether fugitive businessman Low Taek Jho (Jho Low) has laundered tens of millions of dollars using…
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UMW Holdings braces for SST impact
KUALA LUMPUR (Aug 29): UMW Holdings Bhd, which reported its second consecutive quarterly profit in the second quarter ended June 30, 2018 (2QFY18), is bracing…
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PPB Group's 2Q net profit more than triples, pays 8 sen dividend
KUALA LUMPUR (Aug 29): PPB Group Bhd, which is controlled by tycoon Robert Kuok, saw its net profit more than triple to RM304.47 million in…
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Genting Malaysia 2Q net profit more than doubles to RM395.71m
KUALA LUMPUR (Aug 29): Genting Malaysia Bhd’s second quarter net profit more than doubled to RM395.71 million, from RM193.82 million a year earlier, aided by…