News
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Australian Dollar 1Q Forecast: Aussie Breakout Risks Exhaustion High
Australian Dollar rips through multi-year trend resistance – can the rally continue into 2021? These are the levels that matter on the AUD/USD technical chart into 1Q.
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Oil 1Q 2021 Forecast: Positive Momentum Heading Into the New Year
As 2020 draws to a close, crude oil price nears a key resistance in its attempt to recover from the coronavirus pandemic
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BioNTech founders warn of vaccine supply gaps
BERLIN (Jan 1): BioNTech is working flat out with partner Pfizer to boost production of their COVID-19 vaccine, its founders said, warning there would be gaps…
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RMCO throughout Malaysia extended until March 31, says Ismail Sabri
KUALA LUMPUR (Jan 1): The recovery movement control order (RMCO) throughout the country has been extended until March 31, 2021, said Senior Minister (Security Cluster) Datuk…
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Covid-19: Malaysia reports 2,068 new cases, three deaths today
KUALA LUMPUR (Jan 1): Malaysia reported today 2,068 newly-confirmed Covid-19 cases, which brought the cumulative total number of infected individuals in the country to 115,078 so far. Three additional Covid-19-related…
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Three new Covid-19 clusters detected today, two linked to workplaces, says Noor Hisham
KUALA LUMPUR (Jan 1): The Ministry of Health (MoH) detected three new Covid-19 clusters — in Penang, Johor, Pahang and Selangor — today, and two of them are workplace…
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Bursa Malaysia to see cautious trading in first week of 2021
KUALA LUMPUR (Jan 2): The local stock market is likely to usher in the first trading week of 2021 on a cautious trading mode as…
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Ringgit expected to strengthen to 4.0 against US dollar next week
KUALA LUMPUR (Jan 2): The ringgit is expected to trade higher against the US dollar next week, on positive Covid-19 vaccine sentiment and better performance…
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Econsave denies selling imported meat with fake halal logo
KLUANG (Jan 2): Econsave Cash & Carry Sdn Bhd has denied allegations that the supermarket is selling imported meat involved in the fake halal logo…
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Tokyo to request new emergency declaration as Covid-19 cases climb — media
TOKYO (Jan 2): The Tokyo Metropolitan Government will ask the central government later on Saturday to declare a state of emergency following a resurgence of…
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China senior diplomat says US relations at 'new crossroads'
SHANGHAI (Jan 2): China’s relationship with the United States has reached a “new crossroads” and could get back on the right track following a period…
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CPO futures may see cautious trading after US bans Sime Darby Plantation palm oil — trader
KUALA LUMPUR (Jan 2): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in a cautious mode next week,…
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XE Market Analysis: North America – Dec 31, 2020
The DXY dollar index has posted another major-trend low, at 89.52, a level last traded in April 2018. The dollar has continued to correlate inversely with global stock market direction, with weakness today being concomitant with the MSCI Asia Pacific rising to a new record high in holiday-thinned conditions. The DJIA yesterday closed at a […]
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XE Market Analysis: Asia – Dec 31, 2020
N.Y. FX trade was very quiet on the last day of the year, though the Dollar managed modest gains through the morning session. The DXY has made new trend lows of 89.52 in overnight Asian trade, though managed to rebound to 89.94 highs into the London close. The weekly jobless claims data likely helped USD […]
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