News
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EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Jan 04, 2021 10:00 GMT when EUR/GBP traded near 0.90.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
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Canadian Dollar Outlook: Key USD/CAD, CAD/JPY Levels to Watch
USD/CAD possibly forming short-term base amid a corrective USD. CAD/JPY facing long-term resistance
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Australian Dollar Forecast: Aussie Threatens to Snap Eight-Week Rally
Australian Dollar is poised to snap an eight-week winning streak as Aussie stalls into uptrend resistance. These are the levels that matter on the AUD/USD weekly chart.
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Gold Price Forecast: All That Glitters is Not Gold – Levels for XAU/USD
Gold prices are following US yields, and rising US yields present a fresh challenge in 2021.
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Australian Dollar Technical Outlook: AUD/USD, AUD/JPY, AUD/CHF
The Australian Dollar looks poised to outperform its haven-associated counterparts, as bullish technical setups take shape on multiple timeframes. Key levels for AUD/USD, AUD/JPY and AUD/CHF.
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Swiss Franc Forecast: NZD/CHF, CAD/CHF Testing Key Chart Areas
A Symmetrical Triangle and long-term trendline resistance provide key levels to watch for NZD/CHF and CAD/CHF
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Dow Jones, S&P 500, FTSE 100 Forecast: Are Retail Traders Betting on Reversals?
As the Dow Jones, S&P 500 and FTSE 100 trade within bearish chart patterns, are retail investors continuing to add downside exposure to these key stock market benchmarks?
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Glove bear JP Morgan tells clients gloves ain’t needed during vaccinations
KUALA LUMPUR (Jan 13): JP Morgan, which initiated coverage on the Malaysian rubber glove sector with “sell” calls in December, reminded investors that gloves are…
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High Court quashes bid to strike out Sarawak solar hybrid project dispute
KUALA LUMPUR (Jan 13): The High Court has dismissed a striking out application brought by Jepak Holdings Sdn Bhd’s former managing director Saidi Abang Samsudin…
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Bumi Armada, BSL Corp, Cymao, Elsoft, Greatech, GUH Holdings, Hong Seng, KPower, Lagenda, Muda Holdings, Oriental Interest, Pinehill Pacific, PNE PCB, Scomi, Sunzen
KUALA LUMPUR (Jan 13): theedgemarkets.com highlighted 15 stocks at Bursa Malaysia’s afternoon close today. 14 stocks indicated negative momentum while one has positive momentum. The stocks with…
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EcoWorld says not pursuing UEM Sunrise merger
KUALA LUMPUR (Jan 13): Eco World Development Group Bhd (EcoWorld) said today the property developer’s board has decided not to pursue the proposed merger with…
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Tech stocks top gainers on Bursa led by MPI, KESM, ViTrox, UWC
KUALA LUMPUR (Jan 13): Technology-linked stocks emerged as the top gainers on Bursa Malaysia as at noon today as analysts get more positive on both…
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Geely and Foxconn form partnership to build cars for other automakers
BEIJING/TAIPEI (Jan 13): Taiwan’s Foxconn and Chinese automaker Zhejiang Geely Holding Group said on Wednesday they will join hands to provide contract manufacturing for automakers. They…
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Zahidi tests positive for Covid-19, admitted to Hospital Sungai Buloh
PUTRAJAYA (Jan 13): Deputy Communications and Multimedia Minister Datuk Zahidi Zainul Abidin has been confirmed positive for Covid-19 based on test results received this morning. A statement…
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KLCI jumps 1.5% on bargain hunting, hopes of political stability and virus control
KUALA LUMPUR (Jan 13): The FBM KLCI rose 1.5% or 24.65 points to 1,636.69, lifted by bargain hunting, as measures seen as containing the coronavirus…
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Malaysia to study Sinovac clinical trial data before approving vaccine — Khairy
KUALA LUMPUR (Jan 13): Malaysia, which is negotiating supplies of a Covid-19 vaccine with China’s Sinovac Biotech, will only go ahead with procurement if it…
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RHB Investment Bank chief set to join billionaire Robert Kuok’s group
(Jan 13): Billionaire Robert Kuok’s Kuok Group is hiring one of the top investment bankers in Malaysia to help oversee the conglomerate’s investments in Southeast…
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XE Market Analysis: North America – Jan 11, 2021
The dollar has put in more rebound distance from the major-trend lows seen against the euro, yen, dollar bloc, and many other currencies a week ago. The U.S. currency has rallied on each trading day since the Georgia runoff elections, when it became clear that the Democrats would control the Senate. This has seen Treasury […]
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XE Market Analysis: Asia – Jan 11, 2021
The Dollar rallied to three-week highs in early N.Y. trade, taking the DXY to 90.72, up from overnight lows of 90.03. The Greenback later pared gains, as Wall Street posted losses, albeit from record closing highs on Friday. USD price action has shifted since the middle of last week, as higher interest rates, and prospects […]