News
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AUD/USD Technical Analysis: Aussie Upswing May Be Opening to Sell
The Australian Dollar is back at trend resistance following a bounce from 20-month lows against its US namesake. Downtrend resumption may be next.
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Japanese Yen Technical Analysis: Wilting USD/JPY Faces Key Test
The Japanese Yen is gaining ground once more against the US Dollar, to the point where USD/JPY is now very close to what could be key support
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DAX Technical Outlook: Long-term Trend-line Broke but Still Supported
Last week, the DAX broke an important long-term trend-line, but it didn’t usher in more selling; there is another level to keep an eye on before the break can gain more meaning.
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Bitcoin: Prices May Continue to Drop as Short Positions Grow
The combination of current sentiment and recent changes gives us a bearish Bitcoin trading bias.
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EUR/USD: Short Positions Increase 30% This Week
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.
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USD/JPY: Sentiment Suggest That Prices May Continue to Fall
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.
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Dow Jones Breakout Pushes Up to Fresh Six-Month Highs
The Dow Jones Indutrial Average is now trading at fresh six-month highs after a vigorous return of bullish price action following last week’s support test.
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US Dollar Technical Analysis: Did Trump Kick DXY Longs in the Shorts
Despite cutting Yellen off early in favor of Jerome Powell, Donald Trump offered up his unfavorable opinion of the Fed’s head days before Jay is set to speak at Jackson Hole leaving USD bulls nervous.
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XE Market Analysis: The US Dollar Gained Before Proposed US-China Trade Talks
OVERVIEW Sterling steadies, although still close to 14 month lows against the US Dollar. US Dollar gained against the Euro early in session. HIGHLIGHT The Euro strengthened later in the day as risk-on caused the US Dollar to drop back.
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XE Market Analysis: Asia – Aug 20, 2018
The Dollar index came under modest pressure in N.Y. on Monday, touching 95.94 lows, and down from 96.40 into the open. There was no data to move the market, leaving trading conditions on the quiet side. Treasury yields and the dollar hit session lows after a Bloomberg report said Trump complained about Powell not being […]
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XE Market Analysis: Europe – Aug 21, 2018
The Dollar has come under broad pressure at the inspiration of President Trump saying that he was “not thrilled” with the Fed for raising interest rates and that the Fed should do more to boost the economy.
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XE Market Analysis: North America – Aug 21, 2018
The Dollar remained under broad pressure as markets continued to digest President Trump’s latest verbal intervention on U.S. monetary policy, yesterday expressing that he was “not thrilled” with Fed rate hikes while calling on the central bank to do more to boost growth. EUR-USD posted a 12-day peak at 1.1543 during the Asian session before […]
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PM: Misunderstanding between China and the new govt has been cleared
BEIJING (Aug 21): Tun Dr Mahathir Mohamad has admitted that there had been some misunderstandings between the new Pakatan Harapan government and China. However, his five-day official visit…
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Malaysia stocks close higher ahead of holiday
KUALA LUMPUR (Aug 21): Malaysia stocks closed marginally higher today, ahead of the Hari Raya Haji public holiday tomorrow (Aug 22). The benchmark FBM KLCI traded…
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Taliworks has till Aug 27 to accept Air Selangor's terms of settlement
KUALA LUMPUR (Aug 21): Taliworks Corp Bhd has today received a letter of offer from Pengurusan Air Selangor Sdn Bhd, as part of the latter’s acquisition of…
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Petronas Chemicals eyeing acquisitions to boost specialty business
KUALA LUMPUR (Aug 21): The chemical manufacturing unit of Malaysia’s state energy firm Petronas is actively looking to acquire companies to expand its specialty chemical…
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Japan delivers US$9 bil blow to mobile phone operators
(Aug 21): Japan’s wireless carriers tumbled in Tokyo after the government’s spokesman said they have room to cut phone bills by about 40%, sparking concern…
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MCT buys Tropicana land to build RM265m luxury condominium
KUALA LUMPUR (Aug 21): MCT Bhd is acquiring a 7,143 sq m piece of leasehold land within Tropicana Golf & Country Resort in Bandar Damansara,…
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Versatile Creative MD, CFO fired; ex-Commissioner of Police joins board
KUALA LUMPUR (Aug 21): Versatile Creative Bhd said today it has fired its managing director (MD) Datuk Wong Kong Choong @ Leong Kong Choong and…
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Gamuda gets offer letter from Air Selangor to buy SPLASH
KUALA LUMPUR (Aug 21): Gamuda Bhd said today it has received a letter of offer from Pengurusan Air Selangor Sdn Bhd for the acquisition of…
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Musa Aman back in Malaysia to address all outstanding issues
KUALA LUMPUR (Aug 21): Former Sabah Chief Minister Tan Sri Musa Aman has arrived in Malaysia to address all outstanding issues despite health concerns, according…
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Sime Darby Plantation, PetChem, E&O, MCT, Taliworks, Ranhill, Versatile Creative, AMMB, Sunway and Paramount
KUALA LUMPUR (Aug 20): Based on corporate announcements and news flow today, companies that will be in focus on Thursday (Aug 23) may include: Sime…
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