Canadian Dollar Forecast: Loonie's Wings Clipped? Levels for CAD/JPY, USD/CAD
The Canadian Dollar has struggled to recapture bullish momentum.
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Japanese Yen Price Analysis: AUD/JPY, EUR/JPY Poised to Gain Ground
The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar .
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Banks trading higher today prior to MPC meeting announcement
KUALA LUMPUR (Jan 20): All banks, except for one, were in the green today prior to an impending announcement this afternoon on the outcome of…
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BNM keeps OPR at 1.75% amid continued recovery of global economy but downside risks remain
KUALA LUMPUR (Jan 20): Bank Negara Malaysia (BNM) has maintained the overnight policy rate (OPR) at 1.75% following the Monetary Policy Committee (MPC) meeting today,…
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Maybank Kim Eng says to keep some glove stocks in your portfolio
KUALA LUMPUR (Jan 20): While glove stocks have been underperforming since November of last year as positive news flow on vaccines hit the market, Maybank…
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KLCI ends at intraday low, investors book profit after BNM holds policy rate
KUALA LUMPUR (Jan 20): The FBM KLCI gave up its earlier gains and closed at its intraday low of 1,601.54, as investors took profit after…
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Fernandes: AirAsia not cancelling Airbus orders at the moment
KUALA LUMPUR (Jan 20): “Delay [Airbus aircraft orders] more than cancel.” The statement by AirAsia Group Bhd group chief executive officer Tan Sri Tony Fernandes…
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INIX to take legal action against The Edge
KUALA LUMPUR (Jan 20): INIX Technologies Holdings Bhd is taking legal action against The Edge on the article titled “INIX Technologies application to supply Covid-19 vaccines…
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Alibaba's Jack Ma makes first public appearance in three months
SHANGHAI (Jan 20): Alibaba Group founder Jack Ma made his first public appearance since October on Wednesday when he spoke to a group of teachers…
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Court: Companies must be delisted once winding-up order served
PUTRAJAYA (Jan 20): The Court of Appeal has ruled that a listed company that has been served with a winding-up order must be delisted, based on…
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HSBC, Maybank’s insurance venture among bidders for AXA Singapore
(Jan 20): HSBC Holdings Plc and Malayan Banking Bhd’s insurance venture, Etiqa, are among shortlisted bidders for Axa SA’s business in Singapore, which could raise…
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Covid-19: Malaysia's new cases climb to 4,008 with 11 more deaths; actives surge to 41,087
KUALA LUMPUR (Jan 20): Malaysia reported an increase of 4,008 Covid-19 cases today, the second highest addition in a day and the second time its…
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XE Market Analysis: North America – Jan 18, 2021
The DXY dollar index has posted a one-month high at 90.95, which sets up potential for a third consecutive up week, which is something that hasn’t been seen since January last year. Other currencies have mostly softened, especially the dollar bloc and other cyclical currencies as global stock markets have continued to sputter. Chinese equities […]
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XE Market Analysis: Europe – Jan 19, 2021
The dollar has dropped today after rallying yesterday. A bullish sentiment on Asian stock markets boosted other currencies, particularly the dollar bloc and other cyclical units. The MSCI Asia-Pacific index rose over 1.5% to within a few pips of record highs. U.S. index futures rallied by over 0.5%. Commodities, in contrast, were lacklustre. Oil prices […]
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GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Jan 07, 2021 when GBP/JPY traded near 140.83.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.