News
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Nikkei 225 Technical Analysis: Key Retracement Likely To Face Test
The Nikkei 225 had held firm above a key retracement of its most recent rise. However, it has also failed to make upside progress and another bearish test looks probable
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NZD/USD Technical Analysis: NZ Dollar Down Trend Ready to Resume?
The New Zealand Dollar rebounded against its US counterpart as expected but the dominant down trend may be getting ready to resume.
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Gold & Silver Price Analysis: More Rebound or More Selling?
The bounce in precious metals is coming under its first test since last week’s bottom; we’ll look at what to watch as a guide to whether short-term weakness will form a higher low or resume trend.
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Dow Jones: Pullback Potential After Indecision Follows Failed Breakout
US Equities continue to pullback from Tuesday highs, and the Jackson Hole Economic Symposium looms large on this week’s economic calendar.
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USD/JPY Shows Bullish Reversal as FOMC Path Looks Secure on Strong US
Three long years of consolidation may have no end in sight. On the other hand, a bullish reversal at the end of a triangle consolidation may be worth your attention on USD/JPY.
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Gold: 25% Jump in Overnight Short Positions Spark a Bullish Bias
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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GBP/USD: Decrease in Net-Longs Triggers Bullish Outlook
Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.
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XE Market Analysis: Asia – Aug 22, 2018
The dollar fell in tandem with yields after the FOMC minutes, with trade and tariffs being mentioned as points of uncertainty going forward. The DXY fell to 94.96 from over 95.10 after the minutes. The Fed revealed concern over how more tariffs would impact consumer spending, saying prolonged trade disputes could impact business sentiment and […]
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XE Market Analysis: Europe – Aug 23, 2018
The Dollar has lifted after five straight down sessions. The USD index (DXY) is showing a 0.3% gain heading into the London interbank open, at 95.41, rising above yesterday’s high but remaining well below the 14-month high seen last week at 96.98. EUR-USD has concurrently sank to a two-day low of 1.1542, putting in some […]
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XE Market Analysis: North America – Aug 23, 2018
The Dollar lifted during the Asian session before settling to a consolidation following the open of European markets. The USD index (DXY) is showing a 0.2% gain heading into the New York interbank open, at 95.35, earlier posting a two-day high at 95.48, remaining well below the 14-month high seen last week at 96.98. The […]
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SP Setia 2Q net profit up 77% on year at RM443m
KUALA LUMPUR (Aug 23): SP Setia Bhd’s second quarter net profit rose 77% year-on-year to RM442.74 million from RM250.57 million, on increased revenue due to…
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US-China trade war escalates as new tariffs kick in
BEIJING/WASHINGTON (Aug 23): The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25% tariffs on US$16 billion worth of each…
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Europe's new data law upends global online advertising
LONDON (Aug 23): Europe’s new data privacy law has put a small army of tech firms that track people online in jeopardy and is strengthening the…
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Boustead Plantations 2Q net loss at RM22m
KUALA LUMPUR (Aug 23): Boustead Plantations Bhd posted a net loss of RM22.24 million for its second quarter ended June 30, 2018 (2QFY18) from a…
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1MDB, government seek court order to expedite sale of Equanimity
KUALA LUMPUR (Aug 23): 1Malaysia Development Bhd (1MDB) today filed a court order seeking to expedite the sale of the superyacht Equanimity. 1MDB, its two subsidiaries,…
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FBM KLCI closes higher on last-minute spike
KUALA LUMPUR (Aug 23): The FBM KLCI rose 12.76 points or 0.7% today, buoyed by select blue-chip stocks, despite the continued pressure of US-China trade…