News
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Gold Price & Silver May be Weak Near-term, but Remain Long-term Bullish
Precious metals have fallen out of favor, and that may continue for a bit while longer; the long-term charts though still look constructive.
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Euro Forecast: Deeper Setbacks Take Foot in EUR/JPY, EUR/USD Rates
EUR/USD has been on worse footing than EUR/JPY as the DXY Index continues its climb.
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Gold Technical Forecast: XAU/USD May Rise as 200-MA Holds Firm
Gold prices have come under significant pressure to kick-off 2021. However, the formation of bullish technical patterns across multiple timeframes suggests that a rebound higher may be at hand.
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Euro Technical Forecast: Will EUR/USD, EUR/AUD Weakness Last?
The Euro has weathered considerable selling pressure against key FX peers recently as EUR/USD price action sinks below its 50-day simple moving average and EUR/AUD drops to 26-month lows.
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S&P 500, DAX 30 & FTSE Technical Forecast for Next Week
The S&P 500 continues to trend higher within the confines of an upward channel, and as long as it stays above the lower parallel of the pattern then it remains positioned for higher prices.
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Covid-19: Malaysia reports 3,211 new cases, cumulative infections top 150,000
KUALA LUMPUR (Jan 15): Malaysia reported 3,211 newly-confirmed Covid-19 cases today, which brought the nation’s total number of infected individuals to 151,066 so far. Eight additional…
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MCO in Kelantan, three Sarawak districts starting tomorrow — Ismail Sabri
KUALA LUMPUR (Jan 15): The entire state of Kelantan will be placed under the Movement Control Order (MCO) from tomorrow until Jan 26, while in…
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EVENING 5: Five things you need to know today
EVENING 5: BNM seen cutting OPR to 1.5% Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. DBS…
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KNM, Kanger, SKP, Batu Kawan, CCM, Daya Materials, Samaiden, MESB, Seacera, AT Systemization, Notion-VTec, TNB, GenM and FGV
KUALA LUMPUR (Jan 15): Based on corporate announcements and news flow today, stocks that may be in focus on Monday (Jan 18) include: KNM Group…
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Malaysia initiates legal action against EU following anti-palm oil campaign
KUALA LUMPUR (Jan 15): The Plantation Industries and Commodities Ministry (MPIC) has initiated legal action against the European Union (EU) and its member states France…
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Decade-long slippery slope for private investment
KUALA LUMPUR (Jan 16): Malaysia’s attractiveness as a foreign investment destination was a hot topic last week after Finance Minister Tengku Datuk Seri Zafrul Abdul…
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Oil drops over 2% on China lockdowns, US stimulus concerns
NEW YORK (Jan 16): Oil prices fell more than 2% on Friday, with both contracts posting a loss on the week as concerns about Chinese…
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Top Glove says employees in four factories test positive for Covid-19
KUALA LUMPUR (Jan 16): Top Glove Corp Bhd, which has had half its production capacity halted for over a month in November due to a severe…
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XE Market Analysis: Asia – Jan 14, 2021
The Dollar attempted to rally early in the N.Y. session on Thursday, taking the DXY to two-session highs of 90.58, up from overnight lows of 90.24. From there, a round of profit taking set in, seeing the USD reverse lower against major currencies. There was little initial reaction to the much worse than expected jobless […]
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XE Market Analysis: Europe – Jan 15, 2021
The dollar has traded firmer amid a backdrop of sputtering global stock markets, which, having lifted yesterday on reports of a $2 tln fiscal stimulus package from president-elect Biden, dropped back after he confirmed the package would total $1.9 tln. Market participants overlooked remarks from Fed Chairman Powell, who ruled out raising interest rates anytime […]
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