News
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DAX 30 & CAC 40 Technical Analysis: Gap-fills & More
The DAX and CAC are seen as likely to experience more strength in the days/weeks ahead after filling the Monday gaps.
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Canadian Dollar Forecast: Reversals Cause for Concern in CAD/JPY, USD/CAD Rates?
The Canadian Dollar has been a top performing major currency since the end of March. Do recent losses mean the bull run is over?
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Gold Price Forecast: Downtrend Remains, but Looks like a Bull Flag – Levels for XAU/USD
Gold prices remain in their multi-month downtrend, but budding bullish momentum on the daily timeframe necessitates other considerations.
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Bitcoin, S&P 500, Gold Outlook: How Can Short Bets Drive Prices into 2021?
Retail positioning is hinting that Bitcoin and the S&P 500 could extend gains as short bets accumulate. Gold is looking vulnerable however based on recent changes in exposure.
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Australian Dollar Outlook: AUD/JPY, AUD/USD Pullback Coming to an End?
The cyclically-sensitive Australian Dollar’s recent slide lower may prove to be nothing more than a short-term pullback. Key levels to watch for AUD/JPY, AUD/USD rates.
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Steel-related counters up after Malaysia imposed anti-dumping duties on flat-rolled products from China, South Korea, Vietnam
KUALA LUMPUR (Dec 24): Share prices of Bursa Malaysia-listed steel-related companies including Hiap Teck Venture Bhd and Malaysia Steel Works (KL) Bhd (Masteel) rose in morning…
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Deloitte fails to set aside RM2.2m fine imposed by SC
KUALA LUMPUR (Dec 24): Audit firm Deloitte PLT today failed to set aside the RM2.2 million imposed on the firm by the Securities Commission Malaysia (SC)…
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Supermax is KLCI's top percentage gainer year-to-date, followed by Top Glove
KUALA LUMPUR (Dec 24): Supermax Corp Bhd, which was traded as an FBM KLCI constituent for the first time on Monday, is now the year-to-date…
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Key events behind China's investigation into Alibaba Group
(Dec 23): China has launched an investigation into Alibaba Group for suspected monopolistic behaviour and will summon its Ant Group to meet in coming days,…
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Federal Court to hear Shafee's bid to expunge 1MDB-linked money laundering, tax evasion affidavit on Jan 21
PUTRAJAYA (Dec 24): The Federal Court reconfirmed today that it will hear on Jan 21, 2021 lawyer Tan Sri Muhammad Shafee Abdullah’s s application to expunge an…
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KLCI ends morning session lower
KUALA LUMPUR (Dec 24): Bursa Malaysia ended the morning session easier as profit taking emerged ahead of the long weekend break. At the lunch break, the benchmark FBM…
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Biggest Bangladeshi IPO in a decade, Robi Axiata surges 50% on debut in Dhaka
(Dec 24): Robi Axiata Ltd, the Bangladesh unit of Malaysia’s biggest telecommunication company by revenue, surged on debut after local investors sought 5.7 times more…
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Hume, Marine & General, AYS, KPower, Lagenda, Leon Fuat, Masteel, MSC, Mycron, SCIB, Tashin, Widad
KUALA LUMPUR (Dec 24): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum, while 10 showed negative…
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China launches antitrust probe into tech giant Alibaba
HONG KONG/BEIJING (Dec 24): China has launched an antitrust investigation into Alibaba Group and will summon the tech giant’s Ant Group affiliate to meet in…
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High Court sets Feb 3 for decision on Isa Samad's RM3m graft case
KUALA LUMPUR (Dec 24): Whether former Felda chairman Tan Sri Mohd Isa Abdul Samad will be acquitted or convicted on nine corruption charges, involving RM3…
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XE Market Analysis: Europe – Dec 22, 2020
The dollar has traded moderately firmer, though has remained off highs seen during yesterday’s whippy price action. The combo of market-jolting news and thin year-end markets exacerbated the strong up-then-down price action that the dollar experienced yesterday, with the currency having now settled at moderately firmer levels. The dollar bloc and other cyclical currencies have […]
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XE Market Analysis: North America – Dec 22, 2020
The dollar has traded moderately firmer, and the pound has drifted lower, though the U.S. currency has remained comfortably below its Monday highs while the UK currency has remained well off the lows it saw yesterday. News that the EU has rejected the UK’s latest offer on fishing (which was a 35% reduction in the […]
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XE Market Analysis: Asia – Dec 22, 2020
The Dollar moved broadly higher in N.Y. on Tuesday, taking the DXY from 90.04 lows at the open to 90.70 in late morning. The risk backdrop remained a bit soggy, as threats of further Covid lockdowns kept Wall Street capped, despite the passing the the $900 bln U.S. aid package. This supported the USD, as […]
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