News
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EUR/GBP Technical Analysis: Euro Uptrend Holds Amid Turkey Woes
The Euro is attempting to revive its four-month uptrend against the British Pound but worries about spillover from the crisis in Turkey complicate positioning.
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USD/CNH & Gold Price Action Point to Reversals Gaining Traction
It’s been a strong rise for USD/CNH and precipitous fall for gold prices, but with sentiment at an extreme and price action cooperating reversals look set to gain momentum.
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GBPUSD Weekly Technical Outlook: Short-Term Chart Shows Upward Momentum
GBPUSD continues to trade near its 14-month low but the short-term outlook may be slightly more positive for Sterling bulls.
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Gold: Net-Long Positions Dip Amidst Lowest Yearly 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 Net-Longs Slide Into 1-Month Lows
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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EUR/USD Weekly Technical Outlook: Euro May Churn Before Resuming Lower
In the week ahead, the euro may try and continue retracing some of the recent breakdown below 11500, but the path of least resistance favors more selling to follow.
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GBP/USD: Net-Long Exposure Shrinks, Forecasting a 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 16, 2018
The dollar index slipped early in N.Y. trade on Thursday, driven down by softer U.S. data, and a rallying Turkish Lira. By mid-morning, however, the Greenback had perked up again, lifting the DXY to 96.76 highs from 96.32 lows. EUR-USD fell from 1.1409 highs to 1.1349. USD-JPY rallied from 110.56 lows to peak at 111.11. […]
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XE Market Analysis: Europe – Aug 17, 2018
The Dollar majors have been trading within yesterday’s ranges, lacking fresh leads and with market participants keeping a weather eye on how developments from this era of tariffs and sanctions will evolve. EUR-USD has been making time in the upper 1.1300s while USD-JPY has been lodged in the upper 110.0s. Stock markets have remained stable, […]
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XE Market Analysis: North America – Aug 17, 2018
A fresh 6%-plus dive in the Turkish Lira, which broke a four-day recovery run, rattled global markets, and pushed the likes of the South African Rand lower while buoying both the Dollar, Yen and Swiss Franc, as European stock markets and S&P 500 futures turned lower. EUR-USD earlier pegged a three-day high at 1.1419 on […]
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XE Market Analysis: Asia – Aug 17, 2018
The Dollar index dipped early N.Y. trade on Friday, bottoming at 96.22 after opening near 96.50. Incoming U.S. data was mixed, with consumer sentiment missing the mark, while leading indicators were better than consensus. The data has little impact on FX, with the Greenback slipping ahead of the numbers. A calm Turkish Lira allowed the […]
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WSJ: China may use Jho Low as bargaining chip
KUALA LUMPUR (Aug 17): Malaysian officials are expecting China to negotiate hard over suspended infrastructure deals and believe Beijing sees fugitive financier Jho Low as…
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Equanimity sale to fetch at least RM500m, proceeds to repay 1MDB debt — deputy minister
KUALA LUMPUR (Aug 17): The sale of the Equanimity superyacht could fetch at least RM500 million, Deputy Rural Development Minister Sivarasa Rasiah said, adding the…
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Recovery of 1MDB funds will be 'sooner than expected, but not very quickly' — MACC lawyer
KUALA LUMPUR (Aug 17): Malaysia is expected to take less than nine years to recover the funds potentially lost through troubled 1Malaysia Development Bhd (1MDB),…
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Jho Low accuses Dr M's regime of fuelling a 'trial by media'
KUALA LUMPUR (Aug 17): Fugitive financier Low Taek Jho, the alleged mastermind behind the financial troubles at 1Malaysia Development Bhd (1MDB), today lambasted the PH…
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Dr Mahathir arrives in Hangzhou to kick off five-day China visit
HANGZHOU (Aug 17): While the Malaysian public is listening to Tun Dr Mahathir Mohamad’s speech about the first 100 days after the Pakatan Harapan coalition…
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CEP and its recent extension is 'not unconstitutional', says retired apellate judge
KUALA LUMPUR (Aug 17): A retired court of appeal judge has brushed aside claims that the five-man Council of Eminent Persons (CEP), whose operating tenure…
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The 100 days of the Pakatan Harapan Government
KUALA LUMPUR (Aug 17): Following is the English translation of the full text of the address by Prime Minister Tun Dr Mahathir Mohamad on “The…
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Tyson has agreed to buy chicken-nugget maker Keystone for US$2.5 bil
SÃO PAULO/CHICAGO (Aug 17): Tyson Foods Inc, the largest U.S. meat producer, agreed to buy chicken-nugget maker Keystone Foods LLC for about US$2.5 billion, according…
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Rehda: SST exemption might not reduce house prices significantly
PUTRAJAYA (Aug 17): The recent announcement of the Sales and Service Tax (SST) exemption for major building materials and construction services might not have significant…
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Axiata, IOI, Kossan, Malayan Flour Mill, Mercury Industries, Pesona Metro, Pharmaniaga, Serba Dinamik, Sime Darby Plantations and Star
(Aug 17): Based on corporate announcements and news flow today, stocks in focus on Monday (Aug 20) may include the following: Axiata Bhd, IOI Corp…