FTSE 100, DAX 30 Technical Forecast For The Week Ahead
FTSE 100 extends pullback after extension rejection, DAX risks breakout as range narrows.
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British Pound Technical Outlook: GBP/USD, EUR/GBP Wedge Patterns in Focus
The British Pound finds itself trading within converging trendlines, as Rising and Falling Wedge patterns define GBP/USD and EUR/GBP price action.
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Dr Mahathir not hospitalised
KUALA LUMPUR (Jan 23): Former prime minister Tun Dr Mahathir Mohamad is still at his house today and not hospitalised, thereby denying rumours that he…
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Oil industry reels as Biden targets fossil fuels in first days
(Jan 23): Hours after taking office, President Joe Biden made good on a campaign promise to cancel the Keystone XL oil pipeline. Later that day his…
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Govt warns it will impose full-scale lockdown if infections don't decrease — Eurocham
KUALA LUMPUR (Jan 24): The government will launch a full-scale lockdown after Feb 4 if the number of Covid-19 cases is not brought under control, according…
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Malaysia’s daily Covid-19 cases drop to 3,346, outpaced by 4,427 recoveries
KUALA LUMPUR (Jan 24): Malaysia recorded 3,346 new Covid-19 cases today, bringing the total number of cases in the country to 183,801 cases. This is a…
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XE Market Analysis: North America – Jan 22, 2021
The dollar has traded mostly firmer up on a safe haven bid with the reflation trade having come to a firm stop. The DXY dollar index lifted moderately to a 90.26 high after basing out at a nine-day low at 90.05. The greenback still lost ground to the euro, which outperformed as market participants continued […]
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XE Market Analysis: Asia – Jan 22, 2021
FX trade was choppy on Friday, leaving the DXY gyrating in a relatively narrow range between 90.06 and 90.30. Early risk-off conditions resulted in some safe-haven USD buying, though as Stocks moved off their worst levels, the Greenback faded again. Incoming U.S. data was strong, with bot Markit PMIs and existing home sales beating estimates, […]
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Gold Price Forecast: What to Make of Recent Rebound? Levels for XAU/USD
Gold prices have proven extremely sensitive to US Treasury yields and the US Dollar.
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USD/CAD Technical Overview: Trend is Down, but Bullish Pattern May Emerge
USD/CAD is still clearly in a downtrend, but the development of a falling wedge may help the pair buck the trend.
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Gold Price Outlook: Gold Weekly Reversal- Bear Market Rally or More?
Gold snapped a two-week losing streak but keeps price within the broader August downtrend. These are the levels that matter on the XAU/USD weekly chart.
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Euro Weekly Technical Outlook: EUR/USD May Dip More Before Finding Support
The EUR/USD chart is still tilting in favor of some more weakness, but if the longer-term trend-line holds then selling may be short-lived.
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Dow, S&P close lower as IBM, Intel weigh, coronavirus concerns rise
NEW YORK (Jan 22): The Dow and S&P 500 ended modestly lower yesterday, dragged down by losses in blue-chip technology stalwarts Intel and IBM following their…
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British PM says new variant may carry higher risk of death
LONDON (Jan 22): British Prime Minister Boris Johnson said on Friday the new English variant of COVID-19 may be associated with a higher level of mortality…
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Cautious trading expected for Bursa ahead of Fed announcement
KUALA LUMPUR (Jan 23): Trading on Bursa Malaysia is expected to be cautious ahead of the US Federal Reserve (Fed) meeting next week. Bank Islam Malaysia Bhd…
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Petronas said to join fray for US$4b Lonza chemical arm
(Jan 23): State oil producer Petroliam Nasional Bhd (Petronas) is among suitors vying for a chemicals business being sold by Lonza Group AG, people with knowledge of…
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MITI revises anti-dumping duties on cold rolled coils from Vietnam
KUALA LUMPUR (Jan 23): The government has revised anti-dumping duties imposed on imports of cold rolled coils of alloy and non-alloy steel originating from Vietnam. In…