News
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GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Dec 30, 2020 09:00 GMT when GBP/USD traded near 1.36.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.
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Euro Forecast: EUR/USD Breakout Extends into 2021- Resistance in View
The Euro breakout may be vulnerable in the days ahead as price approaches multi-month uptrend resistance. Here are the levels that matter on the EUR/USD weekly chart.
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Dow Jones, S&P 500 Continue to Motor Along from Bullish Price Patterns
The U.S. stock market continues to look bullish with the indices breaking out of technical formations to new record highs.
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US Dollar Outlook: USD Breakdown Fizzles into 2021 Open- DXY Levels
The Dollar sell-off extended into the yearly open with the index stalling into long-term downtrend support. Here are the levels that matter on the DXY technical chart.
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Are Gold Prices Losing their Luster? What is Copper Telling Traders?
To find a period commensurate with current conditions, you may have to look at the post-Global Financial Crisis period in 2009.
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US Dollar Technical Forecast: USD/SGD, USD/TWD, USD/THB, USD/IDR
The US Dollar may be setting the stage to attempt comebacks against the Singapore Dollar, New Taiwan Dollar and Thai Baht. Will the Indonesian Rupiah hold its ground around key support?
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Wall Street Journal editorial board calls on Trump to resign
LOS ANGELES (Jan 8): The Wall Street Journal editorial board on Thursday called on U.S. President Donald Trump to resign, blaming him for inciting the…
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Employers required to provide Covid-19 quarantine centre for foreign workers, says Saravanan
PUTRAJAYA (Jan 8): Employers are required to provide quarantine centres to isolate their foreign workers who are confirmed Covid-19 positive, said Human Resources Minister Datuk Seri…
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Thai AirAsia says latest virus outbreak has dented business
KUALA LUMPUR (Jan 8): Thai AirAsia Co Ltd (TAA) said the latest Covid-19 outbreak in Thailand has dented the already weak travel sentiment in the…
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PNE PCB volume skyrockets 255 fold, price surges on glove venture
KUALA LUMPUR (Jan 8): PNE PCB Bhd’s share trade volume skyrocketed 255 fold to 89.42 million at Bursa Malaysia’s afternoon break today from 346,700 yesterday…
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Top Glove defends board after BlackRock criticism
KUALA LUMPUR (Jan 8): Top Glove Corp Bhd defended its board on Friday after BlackRock Inc issued a scathing statement, attacking the firm’s handling of…
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Biden says Trump incited 'domestic terrorists' at U.S. Capitol
WILMINGTON, Del. (Jan 8): President-elect Joe Biden said on Thursday that President Donald Trump fomented Wednesday’s violence at the U.S. Capitol, calling it one of…
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Khazanah sells another 5.18% stake in India's IDFC for US$44m
KUALA LUMPUR (Jan 8): Khazanah Nasional Bhd has sold another 5.18% stake in India’s IDFC Ltd, just days after selling smaller chunk of shares in…
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Malaysia fine-tuning Covid-19 National Vaccination Plan, says Dr Adham Baba
PUTRAJAYA (Jan 8): The Special Committee on Covid-19 Vaccine Supply Access Guarantee (JKJAV) is in the process of fine-tuning the Covid-19 National Vaccination Plan, which will…
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Trump prepares pardon list for aides and family, and maybe himself
(Jan 8): President Donald Trump has prepared a sweeping list of individuals he’s hoping to pardon in the final days of his administration that includes…
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KLCI-linked glove shares jump as Covid-19 cases rise
KUALA LUMPUR (Jan 8): Share prices of FBM KLCI-linked rubber glove manufacturers Top Glove Corp Bhd, Hartalega Holdings Bhd and Supermax Corp Bhd jumped more…
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XE Market Analysis: Europe – Jan 06, 2021
The dollar has tumbled to fresh major-trend lows as markets discount a possible Democrat sweep, with one of its Senate candidates, Warnock, having been declared winner in one of the two Georgia runoff elections, and the other, Ossoff, showing a slim lead in the vote count so far in the other election. Democrats need to […]
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XE Market Analysis: North America – Jan 06, 2021
The dollar has tumbled to fresh major-trend lows as markets discount a possible Democrat sweep, with one of its Senate candidates, Warnock, having been declared winner in one of the two Georgia runoff elections, and the other, Ossoff, showing a slim lead in the vote count so far in the other election. Democrats need to […]
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XE Market Analysis: Asia – Jan 06, 2021
The Dollar rallied in morning N.Y. trade on Wednesday, despite risk-on conditions. The prospect of further massive fiscal stimulus under a Democrat controlled government boosted Wall Street, and weighed heavily on Treasuries, taking yields sharply higher, and likely providing some support to the USD. Bigger picture, more stimulus and nascent inflation concerns will likely keep […]
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