US Dollar Forecast: Sell the Rumor, Buy the News? Levels for DXY Index
The US Dollar (via the DXY Index) has traded higher, even as US fiscal stimulus is formalized and a government shutdown is avoided.
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EUR/CHF IG Client Sentiment: Our data shows traders are now net-short EUR/CHF for the first time since Dec 18, 2020 when EUR/CHF traded near 1.08.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bullish contrarian trading bias.
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Canadian Dollar Forecast: Loonie Yet to Take Flight – Setups in CAD/JPY, USD/CAD Rates
News flow boosting risk appetite has helped counter year-end repositioning, which was hurting the Canadian Dollar.
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US Dollar Price Analysis: AUD/USD, EUR/USD, NZD/USD, USD/CAD
The US Dollar may continue to lose ground against its major counterparts in the near term after falling to multi-year lows. Levels to watch for AUD/USD, EUR/USD, NZD/USD, USD/CAD.
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Dewan Negara to debate motion on meat cartel
KUALA LUMPUR (Dec 29): The issue of illegal meat cartels will be debated in Dewan Negara in accordance with Rule 17 (1) with the proposer…
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Ant considers holding company with regulation similar to bank, sources say
(Dec 29): Jack Ma’s under-siege Ant Group Co is planning to fold its financial operations into a holding company that could be regulated more like…
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YTL-controlled Starhill Global REIT obtains RM1.68b unsecured loan
KUALA LUMPUR (Dec 29): YTL Starhill Global REIT Management Ltd, the manager of Singapore-listed Starhill Global Real Estate Investment Trust (Starhill Global REIT), announced that…
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Govt collects more than RM400m in digital service tax
KUALA LUMPUR (Dec 29): The government has so far collected RM428.07 million from digital service providers since enforcement of the Digital Services Tax early this…
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China’s record 5G blueprint for 2021 electrifies telecommunications stocks
(Dec 29): China unveiled plans to almost double its fifth-generation wireless capacity next year, sending ZTE Corp. and other network gear makers soaring. Carriers from China Mobile…
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No year-end party for glove bulls
KUALA LUMPUR (Dec 29): As Covid-19 vaccines gain momentum, glove maker shares may find themselves difficult to cheer at year-end. Although most of the glove makers’ share…
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Wuhan’s Covid-19 cases may have been 10 times higher, study shows
(Dec 29): The scale of the Covid-19 outbreak in Wuhan early this year may have been nearly 10 times the recorded tally, a study conducted by…
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Abolishment of GST affected country's revenue — deputy finance minister
KUALA LUMPUR (Dec 29): The previous government’s decision to abolish the goods and services tax (GST) has to some extent affected the country’s revenue, said Deputy Finance Minister I…
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Nikkei ends at over 30-year high on hopes for expanded US stimulus
TOKYO (Dec 29): Japan’s Nikkei share average ended at a more than three-decade high on Tuesday, as risk appetite improved on hopes that a long-awaited U.S….
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Senate GOP faces stimulus dilemma as Democrats side with Trump
(Dec 29): Republicans will likely block Democrats’ attempts to have the Senate follow the House in boosting stimulus payments for most Americans to $2,000, even though…
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Top US health officials warn of post-holiday coronavirus surge
(Dec 28): Current and former U.S. health officials took to the airwaves Sunday to warn Americans of a potential jump in Covid-19 cases after the…
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Foreign selling on Bursa at RM24.76b year-to-date, says MIDF Research
KUALA LUMPUR (Dec 28): Foreign investors have so far in 2020 sold RM24.76 billion worth of local equities on Bursa Malaysia, according to MIDF Research. In its weekly fund…
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Trump signs virus aid bill after panning US$600 stimulus checks
(Dec 28): President Donald Trump signed a bill containing US$900 billion in pandemic relief, the White House said, triggering the flow of aid to individuals…
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Malaysian business sentiment remains muted for 1Q21, says Dun & Bradstreet
KUALA LUMPUR (Dec 28): Malaysian business sentiment continued to remain muted for the first quarter of 2021 (1Q21), although slight improvements were seen for the third…