News
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Dow Jones, DAX 30, FTSE 100 Forecasts for the Week
US equity markets continue to press into uncharted territory while European indices have begun a period of consolidation. Regardless, the Dow Jones, DAX 30 and FTSE 100 will each have to negotiate …
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Japanese Yen Technical Forecast: USD/JPY, GBP/JPY
The Japanese Yen finds itself near key technical levels as recent weakness in the have-linked US Dollar continued to push USD/JPY lower. Meanwhile, GBP/JPY’s current posture looks poised for short-…
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Monthly Forex Seasonality – December 2020: End of Year Favors EUR, NZD Strength; USD Weakness
December typically brings cheer for the Australian and New Zealand Dollars, while the US Dollar is left with coal.
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Pound Technical Outlook – GBP/USD, Week Ahead Could be a Defining One
Cable is flirting with a potentially massive breakout as the 13500 level comes under siege; the week ahead could be a defining one.
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Euro Outlook Hinges on Key Breakouts: EUR/USD, EUR/GBP, EUR/JPY, EUR/NZD
The Euro technical outlook seems slightly bullish, with EUR/USD, EUR/GBP and EUR/NZD eyeing technical breakouts. There may be upside potential in EUR/JPY, but prices face key resistance.
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Govt to allow nationwide interstate travel from Monday — Ismail Sabri
KUALA LUMPUR (Dec 5): The government has decided to allow movements across states and districts nationwide without the need for police permit except in areas…
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Covid-19: Malaysia logs 1,123 new infections, 490 cases from Klang Valley with four deaths
KUALA LUMPUR (Dec 5): Malaysia today logged 1,123 new Covid-19 cases, taking cumulative confirmed infections in the country to 71,359, according to the Ministry of Health. Meanwhile,…
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Covid-19: Four new clusters detected today, including Bina Bulatan construction site cluster in KL with 162 new cases
KUALA LUMPUR (Dec 5): Health director-general Tan Sri Dr Noor Hisham Abdullah announced four new Covid-19 clusters today, of which two were detected in Sabah,…
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Government to end CMCO in several states
KUALA LUMPUR (Dec 5): Following the reduction of Covid-19 infection cases in several states, the government today decided to end the Conditional Movement Control Order…
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Sony to shut a Malaysia factory, consolidate facilities
KUALA LUMPUR (Dec 5): Sony Corp will close a factory in Malaysia next year to consolidate its operations in its other plant in the state…
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No conditions for i-Sinar application, only criteria for verification — EPF
KUALA LUMPUR (Dec 5): There are no conditions attached for i-Sinar withdrawal application and what is outlined are the criteria to ensure that the application…
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Time for business to drive climate action: PM’s adviser
KUALA LUMPUR (Dec 6): The unfolding climate crisis demands that Asean nations pull together to take urgent action, but member states need a fresh approach…
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XE Market Analysis: Europe – Dec 04, 2020
Currencies have settled in relatively narrow ranges so far today, with the dollar and yen consolidating recent sharp declines. Global asset markets have remained buoyed, though mixed. The main U.S. equity indices hit fresh highs yesterday and copper prices today posted new near-seven-year highs today in Asia trading. South Korea’s KOPSI pegged a new record […]
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XE Market Analysis: North America – Dec 04, 2020
The euro outperformed moderately during the London morning session, and was showing a 0.5% gain on the weakest of the main currencies, the Australian dollar. Both EUR-USD and EUR-JPY tested their respective 32- and three-month highs from yesterday, though neither the pair nor the cross exceeded these levels. Global asset markets remained buoyant, with European […]
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XE Market Analysis: Asia – Dec 04, 2020
The DXY printed fresh 32-month lows of 90.48 in early N.Y. trade on Friday, posting its eighth-consecutive lower daily low in the process. Risk-on conditions prevailed, resulting in some USD selling, though the major driver of recent USD losses appeared to be Covid vaccine hopes, where widespread distribution over the next few months is expected […]
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