News
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EUR/JPY Finds Fibonacci Support; But Can it Quell the Sell-Off?
EUR/JPY is bouncing from a familiar Fibonacci level, but after becoming well-worn so far in the month of August, for how much longer can this stem the tide from sellers?
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S&P 500: Net Shorts Continue Around Highest Yearly Levels
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.
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GBP/USD: Cable Crushed Through 1.3000, More Pain in Store?
The British Pound has been in a hard-sell posture since last week’s BoE rate hike, and with a dovish Bank of England now coupled with a brutal amount of uncertainty around Brexit, there seems to be little by way of positivity around GBP.
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Crude Oil Price Forecast: Institutions, Trade War Threats Drop WTI
WTI has fallen below the 100-DMA after the weekly EIA Inventory report showed a smaller draw than expected as longs continue to curb their positions and bullish outlook.
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EUR/GBP Technical Analysis: Euro Takes Aim at Ten-Month Range Top
The Euro is accelerating higher against the British Pound, with prices poised to break out of the choppy range containing them for the past ten months.
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Nikkei 225 Technical Analysis: Range Shows No Sign of Losing Grip
The Nikkei 225 remains stuck in an established trading range at what are quite high levels by recent standards. It has this in common with other global benchmarks
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S&P 500 Price Analysis – Wary as Highs Near, Dow Struggles to Keep Up
The S&P 500 warrants caution on fresh longs as the old high nears, Dow has ground to make up.
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Dow Pulls Back from Five Month Highs Ahead of US Inflation
US stocks have pulled back after the earlier-August breakout. With a key release of US inflation on the calendar for tomorrow, can bulls push up to fresh highs?
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GBP/USD: Weekly Long Positions Grow 13.8% Sparking a Bearish Bias
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.
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XE Market Analysis: Asia – Aug 08, 2018
The Dollar index perked up early in the N.Y. session on Wednesday, though later gave back its gains, dropping to 95.13 from 95.40 highs. There was no U.S. data to move markets. Wall Street settled on either side of flat, while Treasury yields were a touch lower. EUR-USD ranged between 1.1573 and 1.1609, as USD-JPY […]
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XE Market Analysis: Europe – Aug 09, 2018
The Dollar has been lacking direction so far today, overall, though gained about 1% versus an underperforming New Zealand Dollar, which dropped sharply on the lead of the RBNZ’s dovish guidance after the central bank left the official cash rate unchanged at 1.75%. NZD-USD posted a 29-month low at 0.6664. EUR-USD, meanwhile, has been holding […]
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XE Market Analysis: North America – Aug 09, 2018
The Dollar lifted during the London AM session, with the USD index (DXY) having reversed most of the decline it posted yesterday in making an intraday peak of 95.35. EUR-USD concurrently fall back under 1.1600 to an intraday low of 1.1576 low, which puts in some distance from yesterday’s five-session peak at 1.1628, though the […]
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EPF to reach RM1 trillion in two to five years — Alizakri
KUALA LUMPUR (Aug 9): The assets size of the Employees Provident Fund (EPF) will reach RM1 trillion in the next two to five years, says…
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FBM KLCI marginally up on foreign support as oil hits sentiment
KUALA LUMPUR (Aug 9): The FBM KLCI rose by a marginal 0.22 point or 0.01%, supported by increased foreign participation in the Malaysian stock market….
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Where are the 'missing' RM18b GST refunds, Guan Eng asks ex-Treasury sec-gen Irwan Serigar
KUALA LUMPUR (Aug 9): Finance Minister Lim Guan Eng has called on former Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah to reveal the…
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Internal probe by MoF is insufficient, says Khairy as he lodges police report
KUALA LUMPUR (Aug 9): An internal investigation by the Ministry of Finance (MoF) into the RM18 billion input tax credit allegedly misappropriated from the goods…
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Gamuda, KPS accept SPLASH takeover offer
KUALA LUMPUR (Aug 9): Gamuda Bhd and Kumpulan Perangsang Selangor Bhd (KPS) announced today that they have resolved to accept the State government’s offer for…
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APL Industries ex-ED Cheryl Tan, sister jailed five years, fined RM7m each for insider trading
KUALA LUMPUR (Aug 9): The Kuala Lumpur Sessions Court today convicted a former executive director of APL Industries Bhd (APLI), Datin Seri Cheryl Tan Bee…