News
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Gold Price Forecast: Blue Wave Bolsters Bullion – Levels for XAU/USD
Good news for gold prices as Democrats’ wins in the Georgia Senate Runoff Elections increases the odds of more fiscal stimulus.
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Oil Price Outlook: Crude Breakout Spills into 2021- Resistance Ahead
Oil prices surged more than 51% off the November lows with the breakout now eyeing uptrend resistance. Here are the levels that matter on the WTI technical chart.
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Monthly Forex Seasonality – January 2021: Start of Year Favors CAD, Gold Strength; USD Weakness
January typically brings about US Dollar weakness, while the commodity currencies (and commodities themselves) tend to do well.
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Canadian Dollar Technical Outlook: NZD/CAD, EUR/CAD, AUD/CAD
The Canadian Dollar is on the brink of challenging key technical levels against several peer currencies, but the Loonie faces dim prospects against most.
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US Dollar Time Cycle: USD Poised to Extend Push to Multi-Year Lows
The US Dollar is at risk of extended losses as long-term price analysis hints at a cyclical downturn. Implications for the DXY, AUD/USD and NZD/USD.
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Petronas says Baram oil output to resume in 3Q21 after ship accident
(Jan 7): Malaysia’s state energy firm Petroliam Nasional Bhd (Petronas) said on Monday it expects to resume full production at its Baram facilities, off the…
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Sales tax waiver helps UMW smash 2020 sales targets
KUALA LUMPUR (Jan 7): The sales tax exemption introduced by the government in the middle of last year propelled strong sales for UMW Holdings Bhd in…
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NYSE to delist three Chinese telcos in dizzying about-face
NEW YORK (Jan 7): The New York Stock Exchange (NYSE) said on Wednesday it will delist three Chinese telecom companies, confirming its latest U-turn on…
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Congress resumes certification of Biden's win after Trump supporters storm US Capitol
WASHINGTON (Jan 7): Hundreds of President Donald Trump’s supporters stormed the US Capitol on Wednesday in a stunning bid to overturn his election defeat, occupying…
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Investors react after Trump supporters stormed Capitol, Democrats swept Senate
TOKYO/NEW YORK (Jan 7): Asian stocks and U.S. stock futures rose on Thursday, while Treasury yields remained high and the dollar unwound overnight losses after supporters…
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Bargain hunting and short covering lift glove stocks for third day
KUALA LUMPUR (Jan 7): Glove stocks, whose share prices have tumbled more than 40% from their record highs, attracted bargain hunting, lending support to share…
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Investment deal expected to bolster European dealmaking in China
HONG KONG (Jan 7): European companies are expected to hunt for assets in China, mainly in insurance, healthcare and automobile sectors, after the world’s second-largest economy…
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Dramatic fall in Malaysia CPO prices seen as Mistry predicts 'a year of two halves'
KUALA LUMPUR (Jan 7): In a year of two halves seen for crude palm oil (CPO) prices, Godrej International Ltd director Dorab Mistry predicted today…
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Nikkei hits 30-year high as financials gain on Democrat control of Senate
TOKYO (Jan 7): Japanese shares ended higher on Thursday, with the Nikkei touching a 30-year peak, powered by financials as U.S. bond yields climbed on hopes of larger…
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Court issues 'stern warning' to Najib in relation to Facebook postings
KUALA LUMPUR (Jan 7): The High Court has issued a stern warning to former premier Datuk Seri Najib Razak following his Facebook postings about former…
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XE Market Analysis: North America – Jan 05, 2021
The dollar has been trading steadily so far today after yesterday rebounding quite sharply from 33-month lows. This has come amid a backdrop of sputtering stock markets, with narratives ascribing today’s two runoff elections in Georgia, which has existential implications for the incoming Biden administration (as the result will decide whether Democrats or Republicans will […]