News
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Nasdaq 100 Technical Outlook: FANMAG May Soon Send NDX Much Higher
The Nasdaq 100 trend continues and may soon get a further boost from its leading group of stocks.
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Crude Oil Price Forecast: Post-Breakout Flag Builds – Levels for Crude Futures
Crude oil prices have been trading sideways for the past week, continuing the flag that was identified in the prior update.
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Canadian Dollar Forecast: CAD Bulls in Control Ahead of BOC – Levels for CAD/JPY, USD/CAD
The Canadian Dollar rally may be slowing, but a deceleration in gains doesn’t mean the bullish trajectory has been altered.
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Gold Price Outlook: Gold Stages December Rally- Is a Low In Place?
Gold surged more than 6.2% off the November low with the rally now eyeing the first test of resistance. Here are the levels that matter on the XAU/USD technical charts.
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MAHB, Gamuda, Inix, FGV, Pestech, Public Bank, GDEX, Tasco, AirAsia, Serba Dinamik, G Capital
KUALA LUMPUR (Dec 8): Based on corporate announcements and news flow today, stocks in focus for Wednesday (Dec 9) may include the following: Malaysia Airports…
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New policy to transform Malaysia from user to developer of technologies
KUALA LUMPUR (Dec 8): The National Policy on Science, Technology and Innovation (DSTIN) 2021-2030 will intensify local technology development and application efforts to transform the…
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Testing times: More work needed on Astra/Oxford vaccine trials
LONDON/FRANKFURT (Dec 8): AstraZeneca and Oxford University have more work to do to confirm whether their Covid-19 vaccine can be 90% effective, a peer-reviewed paper…
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Top bank fines 2020
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Wall Street closes higher on vaccine lift; S&P 500, Nasdaq at records
NEW YORK (Dec 9): U.S. stocks closed higher on Tuesday, with the S&P and Nasdaq setting record highs, in part due to a boost from…
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Oil steady as COVID-19 cases, lockdowns dampen vaccination news
NEW YORK (Dec 9): Oil prices were little changed on Tuesday as the most populous U.S. state tightened its pandemic lockdown through Christmas and COVID-19…
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Tata to stop paying dues to AirAsia Group if latter fails to invest in Indian JV by Dec 31 — report
KUALA LUMPUR (Dec 9): India-based conglomerate Tata Group will stop dues payment by AirAsia (India) Ltd to AirAsia Group Bhd if AirAsia Group does not…
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Hartalega is The Edge’s BRC Company of the Year
PETALING JAYA (Dec 9): Hartalega Holdings Bhd won the coveted The Edge Billion Ringgit Club (BRC) Company of the Year award for 2020, the 11th…
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Serba Dinamik falls by as much as 9.4% after announcement of private placement
KUALA LUMPUR (Dec 9): Serba Dinamik Holdings Bhd declined by as much as 9.42% this morning following the announcement of its private placement yesterday. The counter…
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KLCI up 15.63 points as Public Bank tops Bursa gainers
KUALA LUMPUR (Dec 9): The FBM KLCI settled up 15.63 points or 0.96% at 1,647.33 during Bursa Malaysia’s midday break today, partly helped by top…
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XE Market Analysis: Europe – Dec 07, 2020
Currency markets have been directionally uneventful, which is typical in early-week trading, especially in a December. The DXY dollar index has settled above the 32-month low see on Friday at 90.48. The nine-month dollar downtrend resumed over the last month after about a two month hiatus. We anticipate there is more to come in this […]
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XE Market Analysis: North America – Dec 07, 2020
The dollar and yen found their feet while the pound dropped sharply on no-deal Brexit anxiety, and the dollar bloc currencies put in a rotation lower amid a backdrop of risk-cautious sentiment in global markets. Global stock markets mostly traded lower, as did oil and other commodities. Regarding sterling, the currency shed over 1% against […]
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XE Market Analysis: Asia – Dec 07, 2020
The Dollar showed signs of a rally in overnight trade, though USD sellers quickly emerged at the N.Y. open, taking the DXY from 91.24 highs to 90.71 lows. Brexit uncertainty saw risk-taking levels sink, leaving Wall Street mostly lower, and Treasury yields under pressure. In addition, Covid worries remained, as cases and deaths in the […]
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