Gold, Silver Price Forecast: Silver Bid, Gold/Silver Ratio Breaks Down
Gold has continued to digest for much of the past six months, but this week saw Silver bulls show up in a very pronounced manner.
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Dow Jones Forecast: Will There be Another 10 Percent Price Drop?
The Dow Jones entered a technical correction after breaking the “Ascending Channel” formed since early November. MACD divergence points to bearish momentum that may lead to a deeper pullback.
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SC, Bursa advise investors to be cautious of social media influence after Gamestop frenzy
KUALA LUMPUR (Jan 29): The Securities Commission Malaysia (SC) and Bursa Malaysia said they are closely monitoring the local stock market in light of the…
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Robinhood raises US$1 bil in dash for cash after trader revolt
(Jan 29): New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions of…
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Short selling continues at Top Glove despite GameStop-inspired call to push up glove counters
KUALA LUMPUR (Jan 29): The glove bears today still shorted 2.52 million Top Glove Corp Bhd shares worth RM16.69 million despite the GameStop-inspired call for…
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Supermax, Top Glove, Mestron, Iris Corp, Homeritz, Uchi Technologies, KTG and Jerasia
KUALA LUMPUR (Jan 29): Based on corporate announcements and news flow today, stocks that may be in focus next Tuesday (Feb 2) include: Supermax Corp…
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Why short squeeze on Top Glove isn’t as easy to achieve as with GameStop
KUALA LUMPUR (Jan 30): The glove bears which shorted Top Glove Corp Bhd shares do not seem to have backed off that easily, despite the…
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Social media induced David vs Goliath tussle over rubber glove stocks
KUALA LUMPUR (Jan 30): Last Thursday evening, certain retail investors created a new forum dubbed “BursaBets”, on social aggregator Reddit, for like-minded individuals to discuss…
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Wall St drops after J&J vaccine data, GameStop effect weighs
NEW YORK (Jan 30): US stock indexes dropped, closing out the Friday session with the biggest weekly fall since October, as investors gauged the ramifications…
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Singapore suspends Reciprocal Green Lane arrangements with M'sia, Germany, South Korea for three months
SINGAPORE (Jan 30): Singapore will be suspending the Reciprocal Green Lane arrangements with three countries including Malaysia for a period of three months from Feb…
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PIAM: Medical and health policies do not provide coverage for Covid-19
KUALA LUMPUR (Jan 30): Medical and health insurance policies issued by general insurance companies do not provide coverage for pandemics such as Covid-19, the General…
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Malaysia reports new record of 5,728 Covid-19 cases, 13 more deaths
KUALA LUMPUR (Jan 30): Malaysia reported a fresh record of 5,728 new Covid-19 cases and 13 more fatalities as at noon today. The daily recovery tally…
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XE Market Analysis: Asia – Jan 28, 2021
The abrupt flip to risk-on on Thursday from risk-off on Wednesday saw the USD reverse some of the gains posted yesterday. The DXY eased back to 90.42 from overnight highs of 90.86 through the morning session. Incoming U.S. data was supportive of risk taking levels, with Q4 GDP rising close to expectations, and jobless claims […]
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XE Market Analysis: Europe – Jan 29, 2021
The dollar majors have mostly been holding within their respective Thursday ranges amid a backdrop of whippy global asset markets, which have once again turned to a risk-off positioning mode. The exception has been USD-JPY, which floated to a seven-week high at 104.57 on the back of yen weakness, which saw GBP-JPY lift to an […]
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XE Market Analysis: North America – Jan 29, 2021
Directional themes among currencies have been somewhat convoluted so far today, fitting a backdrop of whippy global asset markets. The yen underperformed markedly. USD-JPY rallied to a two-month-plus high at 104.95, while GBP-JPY lift to an 11-month high, EUR-JPY a three-week peak, and AUD-JPY a two-day high. This price action is a break in correlation […]
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Gold Price Forecast: Losing Momentum, Even as Vol Perks Up – Levels for XAU/USD
Gold volatility initially surged at the start of the session, but its fade during the day has contributed to gold prices giving up their gains.
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Indian Rupee, Nifty 50 Outlook: Will USD/INR and the Stock Index Reverse Next?
The Indian Rupee may be at risk against the US Dollar as momentum fades. Will the Nifty 50 bounce from key support? The index has extended losses following a bearish Double Top chart pattern.
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XE Market Analysis: Asia – Jan 27, 2021
The Dollar headed broadly higher through the London morning session, and into early N.Y. trade, before pulling back some later in the session. A fairly severe bout of risk-off hit equities, while supporting Treasuries, which resulted in a round of safe-haven USD buying. Talk of over-valued equities, along with the usual concerns over Covid, vaccines […]