News
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DAX Looking to Close Week in Record Territory, CAC Looking Strong Too
European markets are following the strong appetite for stocks that continues as the new year begins to unfold; the trend remains your friend until it isn’t.
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Gold Price Outlook: Gold Breakout Rejected – XAU/USD Bulls Beware
Gold surged 3.2% into the 2021 open before reversing sharply with price set to close lower on the week. Here are the levels that matter on the XAU/USD technical charts.
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Euro Forecast: Reversals Test Bulls' Fortitude – Levels in EUR/JPY & EUR/USD Rates
EUR/USD rates have crashed through multiple short-term technical support levels, while EUR/JPY rates are beginning to exhibit similar behavior.
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Gold Price Forecast: (XAU) Gold Grounded as Bitcoin Shoots to the Moon
Gold bulls just got grounded this week while Bitcoin flew to the moon. Do we have a new safe-haven taking the crown, or a mere pause in a bigger picture cycle?
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Euro Weekly Technical Outlook: EUR/USD Channel Structure in Focus
The EUR/USD is trending higher, but momentum has waned; still giving it the benefit of the doubt, but keep a watchful eye on the channel.
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Flood: 302 TNB substations shut down in Pahang — Mahdzir
KUANTAN (Jan 8): A total of 302 substations in Pahang have been shut down due to floods which hit the state since Sunday, said Tenaga…
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Pfizer-BioNTech vaccine granted conditional registration for use in Malaysia — Khairy
KUALA LUMPUR (Jan 8): The Pfizer-BioNTech Covid-19 has received conditional registration from the National Pharmaceutical Regulatory Agency (NPRA), according to Science, Technology and Innovation Minister…
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Malaysia’s daily Covid-19 deaths spike to record high of 16, new infections drop to 2,643
KUALA LUMPUR (Jan 8): Malaysia reported today its highest number of Covid-19-related deaths in a single day at 16, which brought the cumulative figure of…
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EVENING 5: Five things you need to know today
EVENING 5: PM to announce Covid-19 measures Monday Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1.Prime Minister…
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EPF’s stake in Top Glove drops below 5% as it lends out more script for regulated short selling
KUALA LUMPUR (Jan 8): The Employees Provident Fund (EPF) has ceased to be a substantial shareholder of Top Glove Corp Bhd, according to the glove…
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APFT, SKP Resources, Top Glove, VS Industry, Bintai Kinden and Sentoria
KUALA LUMPUR (Jan 8): Based on corporate announcements and news flow today, companies in focus on Monday (Jan 12) may include: APFT Bhd, SKP Resources…
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Investors shorted RM1.7 billion worth of shares in big four glove stocks
KUALA LUMPUR (Jan 8): In the first trading week of the new year, investors on Bursa Malaysia shorted RM1.7 billion worth of shares in the…
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MyHSR Corp certain compensation will not be S$270 mil, expects claim from Singapore by end-Jan
KUALA LUMPUR (Jan 8): Malaysia is expected to receive the Kuala Lumpur-Singapore High-Speed Rail (KL-Singapore HSR) compensation claim from Singapore in the next few weeks. MyHSR…
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Question of Malaysia's sovereignty at heart of HSR termination
KUALA LUMPUR (Jan 9): A dream dashed. Calls for transparency. Land of missed opportunities. These are some of the cries uttered by Malaysians after learning that…
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MoH wants travel controls tightened if Covid-19 cases continue to rise
JOHOR BARU (Jan 9): The Ministry of Health (MoH) has recommended to the National Security Council (MKN) to tighten controls on inter-district and interstate travel if Covid-19…
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XE Market Analysis: Europe – Jan 07, 2021
The dollar has found a footing after posting fresh losses yesterday, despite risk appetite holding up in Asian markets and into European trading. The DXY dollar index has inched above 89.50 after yesterday posting a 33-month low at 89.21. Markets are digesting the largely unexpected outcome in the two Georgia runnoff elections, which were won […]
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XE Market Analysis: North America – Jan 07, 2021
The dollar has rebounded out of the major-trend lows that were seen yesterday. The DXY dollar index posted a three-day high at 89.95, up from yesterday’s 33-month low at 89.21, while EUR-USD dropped over 0.5% to the mid 1.2200s while USD-JPY rallied to a nine-day high at 103.71. Markets have been discounting the upcoming Biden […]
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XE Market Analysis: Asia – Jan 07, 2021
The Dollar rallied for the second day on Thursday, though the bulk of gains came ahead of the N.Y. open. Higher Treasury yields, and prospects for stronger U.S. growth in the coming months due to what will likely be ramped up spending by Democrats now that they are in charge, have driven the USD up […]
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XE Market Analysis: Europe – Jan 08, 2021
The dollar’s correlative pattern with stock markets has inverted, with the currency now rising in step with rallying global stock markets. The catalyst for the change was the Democrat wins in the Georgia runoff elections, which heralds the prospect of much greater deficit spending and warranting higher growth expectations for the U.S. economy. U.S. Treasury […]
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