News
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US Dollar May Still Struggle: USD/SGD, USD/IDR, USD/MYR, USD/PHP
The US Dollar technical outlook remains broadly bearish against ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso. Where to from here?
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GBP/USD Technical Outlook: Sterling Nearing Big Breakout Level vs Dollar
Cable is nearing the 13500 area and could be in for either a big breakout, or yet another rejection that sends it lower.
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Crude Oil Prices Flag Outside of Range – Why a Breakout May Fail
Crude oil prices have been climbing alongside improved risk appetite, but gains may prove limited as production comes back online.
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Euro Forecast: EUR/USD Surges to Fresh 2020 Highs- Breakout Levels
A Euro breakout is ripping to fresh yearly highs with the rally now testing initial resistance objectives. Here are the levels that matter on the EUR/USD weekly chart.
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BioNTech founder vaults into world’s richest on 250% surge
(Dec 4): Ugur Sahin just reached another milestone. The co-founder of BioNTech SE on Thursday joined the world’s 500 richest people after the U.K. this week approved…
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Trump silent on record virus deaths as he fumes over loss
(Dec 4): President Donald Trump is keeping largely silent about a surge in U.S. coronavirus infections, hospitalizations and deaths over the past week, instead focusing…
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After pushing past consensus target with a 26% jump in the past month, will BAT continue to climb?
KUALA LUMPUR (Dec 4): The share price of British American Tobacco (Malaysia) Bhd (BAT) has jumped 26% in just a month to its highest in…
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Tropicana’s purchase of Top Glove shares raises eyebrows
KUALA LUMPUR (Dec 4): Tropicana Corp Bhd, of which tycoon Tan Sri Lim Wee Chai is the chairman and a substantial shareholder, bought RM78.47 million…
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Ex-Felda chairman Isa Samad's end-of-defence submissions in graft trial deferred again until Dec 24
KUALA LUMPUR (Dec 4): Submissions at the end of defence for former Federal Land Development Authority (Felda) chairman Tan Sri Mohd Isa Abdul Samad’s graft trial…
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Ringgit opens 120 basis points higher on firmer oil prices
KUALA LUMPUR (Dec 4): The ringgit opened higher against the US dollar for the third consecutive day, riding on firmer crude oil prices fuelled by the…
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KLCI falls 0.53% on profit taking; regional markets mixed
KUALA LUMPUR (Dec 4): The main index of Bursa Malaysia fell 0.53% in the mid-morning as market breadth turned tepid on profit taking, while regional markets…
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Perak MB loses confidence vote
KUALA LUMPUR (Dec 4): Perak Menteri Besar Datuk Seri Ahmad Faizal Azumu has lost the support of the majority of the State Legislative Assembly after a motion…
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O&G counters back in vogue on oil price gains
KUALA LUMPUR (Dec 4): Oil and gas (O&G) counters dominated the list of top gainers today as oil prices advanced after the Organization of the Petroleum Exporting Countries+…
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Gamuda Water vehicle issues SPLASH receivables-backed bonds
KUALA LUMPUR (Dec 4): Gamuda Bhd subsidiary Gamuda Water Sdn Bhd’s vehicle Glacier Assets Bhd (issuer) has proposed to issue RM630 million worth of senior…
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XE Market Analysis: Europe – Dec 02, 2020
The dollar and yen have remained soft versus most other currencies, although some caution emerged in global asset markets after a fresh rally yesterday. EUR-USD broke higher over the last day and today extended to a new 32-month high at 1.2089. Demand for euros was notable yesterday, and followed eurozone inflation data for November that […]
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XE Market Analysis: North America – Dec 02, 2020
The dollar and yen have remained soft versus most other currencies, although caution emerged in global asset markets. EUR-USD broke higher over the last day and today extended to a new 32-month high at 1.2089. Demand for euros was notable yesterday, and followed eurozone inflation data for November that came in below expectations in posting […]
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XE Market Analysis: Asia – Dec 02, 2020
The Dollar attempted to move higher through the London morning session, though again came under pressure through the N.Y. session. The DXY touched lows not seen since April of 2018, bottoming at 91.11, and down from opening highs of 91.50. USD losses came on the back of a largely disappointing ADP jobs report. Wall Street […]