Mah Sing rises in brisk morning trade on news of possible HK listing of manufacturing arm
KUALA LUMPUR (Dec 17): Mah Sing Group Bhd rose by as much as 4.84% or 4.5 sen to an intra-morning high of 97.5 sen in brisk…
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Google secretly gave Facebook perks, data in ad deal, US states allege
OAKLAND/PALO ALTO, California (Dec 16): Facebook Inc and Alphabet’s Google , the two biggest players in online advertising, used a series of deals to consolidate their market…
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Economic outlook for 4Q more challenging than initially expected, says Mustapa
KUALA LUMPUR (Dec 17): The fourth quarter of the year (4Q20) is a lot more challenging in terms of mounting an economic recovery than initially…
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Pfizer's Covid-19 vaccine effectiveness level is 95%, Dewan Rakyat told
KUALA LUMPUR (Dec 17): The selection of the Covid-19 vaccine produced by international pharmaceutical company Pfizer is based on an interim report of clinical trials of…
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Oil prices hit nine-month high after US crude stock draw
SINGAPORE (Dec 17): Oil hit a nine-month high on Thursday after government data showed a fall in U.S. crude stockpiles last week, while progress towards a…
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KLCI ends morning session in the red
KUALA LUMPUR (Dec 17): Bursa Malaysia ended the morning session in the red on profit taking after a strong showing over the past two days, dealers said. The FBM KLCI fell 8.87 points to 1,672.54 from yesterday’s close at 1,681.41. Today,…
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XE Market Analysis: Europe – Dec 15, 2020
Narrow ranges have been prevailing among the main dollar pairings and associated cross rates. This has been seen against a backdrop of sputtering global stock markets. Data showing Chinese industrial production rising 7.0% y/y in November, a 20-month high, along with a rise retail sales, didn’t have much impact. Commodities have also been lacking direction […]
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XE Market Analysis: North America – Dec 15, 2020
Narrow ranges have been prevailing among the main dollar pairings and associated cross rates. This has been seen against a backdrop of sputtering global stock markets. Data showing Chinese industrial production rising 7.0% y/y in November, a 20-month high, along with a rise retail sales, didn’t have much impact. Commodities have also been lacking direction […]
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XE Market Analysis: Asia – Dec 15, 2020
The Dollar edged lower in N.Y. trade on Tuesday, seeing the DXY match the 32-month low of 90.42 printed on Monday. FX trade was quiet overall, and activity will likely continue to shrink into the end of the year. Risk-on conditions weighed on the safe-haven USD, as equities rallied on renewed hopes for a fiscal […]
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US Dollar Technical Outlook: DXY Set Up for More Selling
The US Dollar Index (DXY) has been moving sideways after selling off, this suggests another thrust lower is coming.
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Gold Price Forecast: Gold Bulls Bid Ahead of FOMC- XAU/USD Levels
Gold is attempting a third weekly rally with XAU/USD testing resistance ahead of FOMC tomorrow. These are the levels that matter on the weekly technical chart.
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Brexit Latest: Deal Speculation Sinks Ranging EUR/GBP Rates
EUR/GBP rates have reversed lower in the confines of their multi-month triangle and sideways consolidation.
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New Zealand Dollar Technical Analysis: NZD/USD, NZD/JPY, GBP/NZD
The cyclically-sensitive New Zealand Dollar looks set to extend its climb higher against its major counterparts. Key levels to watch for NZD/USD, NZD/JPY and GBP/NZD.
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Dow Jones, S&P 500 Outlook: Turn Lower Ahead as Momentum Fades?
IG Client Sentiment is hinting that the Dow Jones and S&P 500 could turn lower ahead as upside momentum appears to be fading. What are areas of support to watch for?