Crude Oil Price Forecast: Post-Breakout Flag Forms – Levels for Crude Futures
Crude oil prices backed off key resistance mid-month, but have recently found support at the highs seen in November – a good omen heading into 2021.
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New Zealand Dollar Technical Analysis: NZD/CHF, NZD/JPY, NZD/USD
The New Zealand Dollar looks poised to continue outperforming its haven-associated counterparts in the near term. Key levels to watch for NZD/USD, NZD/CHF and NZD/JPY rates.
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Swiss Franc Analysis: NZD/CHF, AUD/CHF, CAD/CHF Levels to Watch
The Swiss Franc presents several key technical levels to watch into 2021 as NZD/CHF, AUD/CHF, and CAD/CHF set course for potential breakouts or trend resumptions.
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Malaysia's November Producer Price Index down 3%
KUALA LUMPUR (Dec 30): The Producer Price Index (PPI) for local production decreased 3% year-on-year (y-o-y) in November 2020, said the Department of Statistics Malaysia (DOSM). In…
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China Sinopharm's vaccine has 79% protection rate against Covid-19, says developer
BEIJING (Dec 30): A vaccine developed by a unit of China National Biotec Group (CNBG) is 79.34% effective at protecting people from COVID-19 and the company…
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Stronger recovery path seen in automotive sector after vehicle sales tax exemption extended
KUALA LUMPUR (Dec 30): Analysts foresee a stronger recovery path for the automotive sector after the government announced a six-month extension to the new vehicle…
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Company, directors charged with using uncertified halal logo
JOHOR BARU (Dec 30): A meat supplying company and two of its directors pleaded not guilty in the Sessions Court here today to charges of using the halal logo…
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Bitcoin hits record US$28,600 as 2020 rally powers on
LONDON (Dec 30): Bitcoin on Wednesday hit a record US$28,599.99, taking gains this year past 295% amid heightened interest from bigger investors. The world’s most popular…
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KLCI up, steady buying interest seen in lower liners
KUALA LUMPUR (Dec 30): Bursa Malaysia continued to trade higher in the afternoon with a steady buying interest in the lower liners. As at 3.05pm,…
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Court strikes out Dr M’s bid to challenge Art Harun's appointment as Speaker and Azalina his deputy
KUALA LUMPUR (Dec 30): The Kuala Lumpur High Court today struck out a legal challenge brought by former prime minister Tun Dr Mahathir Mohamad on…
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Norway's Aker Solutions sued by ex-employee amid Malaysia graft probe
KUALA LUMPUR (Dec 30): A former Malaysian employee of Norway’s largest oil services company Aker Solutions has sued the firm, saying it tried to stop…
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Indonesia bans hardline Islamic Defender's Front group
JAKARTA (Dec 30): Indonesia has banned the controversial but politically influential hardline group the Islamic Defender’s Front, the country’s chief security minister announced on Wednesday. Minister…
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India says talks with China yet to make progress to end border standoff
NEW DELHI (Dec 30): Talks between India and China have yet to make headway to end a standoff on a disputed section of their Himalayan border,…
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XE Market Analysis: Asia – Dec 28, 2020
FX trade was thin in N.Y. on Monday, as London and parts of the continent remained on Christmas break. Price action was choppy, though the USD overall ended mostly higher. The only data release was the December Dallas Fed index, which was lower than expected, but ultimately had little market impact. The last week of […]
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