News
-
-
-
-
-
-
USD/CAD Technical Overview: Stuck in a Channel Below Long-term Support
USD/CAD continues to show very little threat at this time of turning things around; trending below long-term support suggests further losses ahead.
-
US Dollar Builds for Break as EUR/USD Slips Below Key Support
US Dollar bulls are trying to take a stand, to some degree, as the oversold currency has spent the past couple of weeks pulling back.
-
Australian Dollar Outlook: Aussie Building Breakout- AUD/USD Levels
Australian Dollar has carved a monthly range just below technical resistance and we’re looking for the breakout. These are the levels that matter on the AUD/USD charts.
-
Copper Price Forecast: Bull Flag Suggests Gains Ahead for Base Metal
Amid a weaker US Dollar, copper prices are still coiling during their bullish breakout attempt.
-
British Pound Forecast: Bullish Breakouts on Pace, or At Least on Precipice – Levels for GBP/JPY, GBP/USD Rates
GBP/JPY rates are continuing with their bullish breakout, while GBP/USD rates may not be far behind.
-
US Dollar Technical Outlook: USD/SGD, USD/TWD, USD/THB, USD/IDR
While the US Dollar has been holding its ground, its downside bias against the Singapore Dollar, New Taiwan Dollar, Thai Baht and Indonesian Rupiah remains intact as it hovers at support.
-
Trump's China tech war backfires on automakers as chips run short
(Jan 15): Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that in some cases has been exacerbated by the…
-
Genting Malaysia unit permanently shuts casino in English town
KUALA LUMPUR (Jan 15): Genting Malaysia Bhd’s (GenM) wholly-owned subsidiary Genting UK plc permanently closed its Genting Casino Southport, in the north west of England,…
-
Biden unveils plan to pump US$1.9 trillion into pandemic-hit economy
WILMINGTON, Del. (Jan 15): President-elect Joe Biden outlined a $1.9 trillion stimulus package proposal on Thursday, saying bold investment was needed to jump-start the economy and…
-
News on fabric face masks cause of infection inaccurate — MoH
KUALA LUMPUR (Jan 15): The Ministry of Health Malaysia (MoH) denies the authenticity of a news report with the headline “COVID-19: Pelitup Muka Jenis Fabrik…
-
With talks of possible OPR cut, Public Bank, Maybank among top laggards on Bursa
KUALA LUMPUR (Jan 15): Public Bank Bhd and Malayan Banking Bhd (Maybank) are among the top losers on Bursa Malaysia now, following the discussions on…
-
Why many Asian countries are being cautious about vaccines
(Jan 15): The nations quickest to enact social distancing and contact-tracing systems have mostly kept Covid-19 in check, but their citizens now find themselves lagging in…
-
TNB implements new terms for electricity connection charge
KUALA LUMPUR (Jan 15): Tenaga Nasional Bhd (TNB) announced today it will implement the Malaysian government-approved enhanced terms for the electricity connection charge and connected load…
-
KLCI ends 0.53% lower as banking stocks drag on profit taking
KUALA LUMPUR (Jan 15): The FBM KLCI finished 8.70 points or 0.53% lower at 1,627.01, dragged mainly by profit taking on banking counters. The index earlier…
-
Trump’s move cost bosses at Chinese tech giant Xiaomi US$4.5b
(Jan 15): The Trump administration’s surprising blacklisting of Xiaomi Corp. is costing its top executives big bucks. Lei Jun, the chief executive officer who co-founded the smartphone…
-
RON95, RON97 prices up five sen, diesel up three sen — MoF
KUALA LUMPUR (Jan 15): The retail prices of RON95 and RON97 petrol will rise five sen a litre each while the retail price of diesel…
-
XE Market Analysis: North America – Jan 13, 2021
The dollar lifted out of lows, aided by gains against the euro after ECB’s Villeroy fired a rhetorical volley across the bows of euro bulls, reminding the forex market that he and his colleagues “are monitoring with particular attention the negative effects of the euro exchange rate.” Market participants, meanwhile, overlooked a much stronger than […]
-
XE Market Analysis: Asia – Jan 13, 2021
FX trade was relatively quiet in N.Y. on Wednesday, keeping the DXY inside of a 90.20 to 90.45 trading band. Incoming data saw December CPI on the cooler side of expectations, though there was little market reaction. Wall Street struggled, though into the close, the major indices were all in modestly green territory. Treasury yields […]
-
XE Market Analysis: Europe – Jan 14, 2021
Modest weakness in the euro and yen, along with a smidgen of firmness in the Canadian dollar, were pretty much the only directional themes among the main currencies in trading through to the early London interbank session. EUR-USD edged out a two-day low at 1.2136, which is 4 pips shy of the 24-day low that […]
-
-
-
-