Malaysia’s economy to worsen on muted private consumption — Fitch
KUALA LUMPUR (Feb 1): Malaysia’s economic outlook is set to worsen this year with gross domestic product (GDP) growth in 2021 dipping to 10%, down…
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Silver swept up by GameStop retail frenzy; prices soar
SINGAPORE (Feb 1): Silver broke above $30 an ounce for the first time since 2013 on Monday as an army of retail traders stormed into the…
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Pound Technical Outlook: GBP/USD, Short & Medium-term Charts to Watch
GBP/USD has been trending higher in choppy fashion; channel and wedge formations to keep an eye on for further cues.
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Weekly Technical Euro Forecast: It's a Mixed Bag
Selection matters in the EUR-crosses, as each major pair is seemingly in its own world.
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AUD/USD, AUD/CAD Key Chart Patterns. Are Breakdowns Looming?
The Australian Dollar has formed bearish technical setups against its US and Canadian counterparts, with prices potentially setting up for significant breakdowns.
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Mexican Peso Forecast: Bears Lose Control as USD/MXN Threatens to Break Above Key Resistance
USD/MXN is attempting to break above a descending trendline as buyers gain momentum.
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US Dollar Technical Forecast: DXY, EUR/USD, GBP/USD, AUD/USD
The broader US Dollar Index rebounded 0.71% last month amid rising volatility and fading EUR/USD strength. GBP/USD looks primed for a break and AUD/USD is contending with support.
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Mestron clarifies it does not have MoH's approval to distribute Covid-19 vaccines in Malaysia
KUALA LUMPUR (Jan 31): Mestron Holdings Bhd has issued a clarification to say that it did not obtain approval or a clearance letter from the…
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Malaysia reports 5,298 new Covid-19 cases, 14 more deaths
KUALA LUMPUR (Jan 31): Malaysia reported 5,298 new Covid-19 cases as of noon today, with 14 more deaths, the Ministry of Health (MOH) said. Daily recoveries…
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XE Market Analysis: Asia – Jan 29, 2021
The Dollar overall headed lower on Friday, with the bulk of losses coming in the London morning session. Heavy risk-off conditions returned, with the usual suspects driving equities lower. The uncertainties over vaccines, the Covid outlook, new variants of the virus, along with equity market disruptions caused by the arrival of “casino” stocks, all weighed […]
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USD/MXN Technical Outlook: USD Finds Itself in a Fight at Resistance
The USD has been mounting a small comeback versus the Peso, but trend and resistance stand in the way of a larger advance.
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GBP/JPY IG Client Sentiment: Our data shows traders are now at their least net-long GBP/JPY since Jun 11 when GBP/JPY traded near 134.40.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bullish contrarian trading bias.