News
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France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Dec 10, 2020 13:00 GMT when France 40 traded near 5,546.20.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.
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USD/ZAR Technical Outlook: Nearly Decade-long Trend-line Looks Like Next Stop
USD/ZAR continues to sell off aggressively, with it heading towards a long-term threshold of support; may see small bounces along the way before reaching it.
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Gold Price Outlook: Gold Rally Runs into First Test of Resistance
Gold is up 6% this month with the price recovery eyeing the first major test of downtrend resistance. Here are the levels that matter on the XAU/USD technical charts.
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Euro Technical Forecast 1Q 2021: EUR/USD Pullback After Breakout?
The Euro seems to have broken a 12-year downtrend against the US Dollar but a pullback may follow to start 2021 before any upside follow-through materializes.
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Japanese Yen 1Q 2021 Forecast: Key Trend Breaks Hint at Sustained Losses
The haven-associated Japanese Yen looks set to extend its slide lower against the Australian and New Zealand Dollars as bearish technical set-ups take place on multiple timeframes.
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Judge changed in Umno lawyer Hafarizam's trial after witness interview delays
KUALA LUMPUR (Dec 18): Umno legal adviser Datuk Mohd Hafarizam Harun, who is on trial for three charges of money laundering for allegedly receiving RM15…
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Covid-19: Malaysia logs 1,683 new cases, half from Selangor and KL, pushing tally past 90,000
KUALA LUMPUR (Dec 18): Malaysia’s new Covid-19 cases climbed to 1,683 from 1,220 reported yesterday, with Selangor and Kuala Lumpur contributing 889 cases or 53%…
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CMCO for KL, Selangor, Sabah, several other localities extended until Dec 31
KUALA LUMPUR (Dec 18): The Conditional Movement Control Order (CMCO) in Kuala Lumpur, Selangor and Sabah and several localities in other states has been extended…
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KLCI slips 1.31% as investing sentiment sours amid CMCO extension
KUALA LUMPUR (Dec 18): The FBM KLCI slipped 1.31% or 21.86 points today, tracking declines in regional peers, while news of the conditional movement control…
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External auditor of DGB Asia, SMTrack, Inix resigns on same day
KUALA LUMPUR (Dec 18): Jamal, Amin & Partners (JAP) has resigned as the external auditor of DGB Asia Bhd with effect from last Wednesday (Dec 16),…
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Judge in Rosmah’s graft trial offers to recuse himself
KUALA LUMPUR (Dec 18): The judge presiding over Datin Seri Rosmah Mansor’s second corruption trial has offered to recuse himself to expedite the case. Justice…
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EVENING 5: Five things you need to know today
EVENING 5: Govt extends CMCO, grants leeway to tourism Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1….
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CCM, NWP, Pecca, Reservoir Link, Bermaz Auto, Pegasus Heights, Hai-O, PCCS, Gas Malaysia, PLS Plantation, Fintec, NetX, Puncak Niaga and NTPM
KUALA LUMPUR (Dec 17): Based on corporate announcements and news flow today, companies that may be in focus on Monday (Dec 21) include: Chemical Company…
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Taking over the reins at Petronas during a trying time
KUALA LUMPUR (Dec 19): On the 83rd floor of the Petronas Twin Towers last week, Tengku Muhammad Taufik Tengku Aziz, the president and CEO of…
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XE Market Analysis: Europe – Dec 17, 2020
The dollar posted fresh trend lows as the ‘2021 reflation trade’ ensued. The MSCI Asia-Pacific index hit a new record high, as did S&P 500 futures. Commodities gained, with Brent oil prices posting new nine-month highs above $51.00, while base metals rallied, although prices remained off recent trend highs. Against this backdrop, the DXY dollar […]
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XE Market Analysis: North America – Dec 17, 2020
The dollar posted fresh trend lows as the ‘2021 reflation trade’ ensued. The MSCI Asia-Pacific index hit a new record high, as did S&P 500 futures, while Europe’s Stoxx 600 posted a nine-month high. Commodities gained, with Brent oil prices posting new nine-month highs above $51.00, while base metals rallied, although prices remained off recent […]
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XE Market Analysis: Asia – Dec 17, 2020
The Dollar fell to new trend lows on Thursday in N.Y., taking the DXY to 89.76, the first time under the 90.00 mark since April of 2018. Prospects for another fiscal stimulus package, along with a “lower for longer” Fed, and negative real U.S. interest rates will likely continue to result in further USD losses […]