News
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Gold Price Forecast: Gold in Free-fall – XAU/USD Breakdown Levels
Gold plunged nearly 10% off the November high with a third weekly breakdown testing four-month lows. Here are technical levels that matter on the XAU/USD weekly chart.
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Sterling (GBP) Weekly Outlook – Friction when Technicals and Fundamentals Collide
Sterling remains controlled by post-Brexit trade talks and this heightened nervousness is now playing out in various GBP-pairs
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EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Nov 20, 2020 15:00 GMT when EUR/GBP traded near 0.89.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
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Hong Leong Bank, HLFG, Hibiscus, Ekovest, Padini, Axiata, Alliance Bank, QL Resources, KNM, Maybank, Affin Bank, Public Bank, CIMB, Kenanga Investment Bank, Sunway, BHIC, Paramount and TDM
KUALA LUMPUR (Nov 27): Based on corporate announcements and news flow today, shares that may be in focus on Monday (Nov 30) include: Hong Leong…
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Putrajaya pulls back govt guarantee for Penang's US$500m loan to finance LRT project
KUALA LUMPUR (Nov 27): Putrajaya has decided not to proceed to grant a government guarantee for a US$500 million (RM2.04 billion) loan application by Penang…
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Airbus resells six unwanted jets built for AirAsia
PARIS (Nov 27): Airbus has found buyers for six aircraft from the A320neo family rejected by one of its main customers, Malaysia’s AirAsia, as it works…
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Budget 2021: What’s next after the first hurdle?
KUALA LUMPUR (Nov 28): Budget 2021 is not only the largest budget historically — it is also one of the most contentious budgets in recent history. It…
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Wall St gains, Nasdaq hits record high as holiday shopping begins
NEW YORK (Nov 27): Wall Street stocks advanced, with the Nasdaq closing at a record high, on Friday in a holiday-shortened week as retailers kicked off the year-end…
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WHO says 'highly speculative' to say Covid-19 did not emerge in China
GENEVA (Nov 27): The World Health Organization’s top emergency expert said on Friday it would be “highly speculative” for the WHO to say the coronavirus did…
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Oil prices post weekly gain ahead of OPEC+ meeting
NEW YORK (Nov 27): Oil prices were mixed on Friday but posted a fourth straight week of gains ahead of an OPEC+ meeting early next week. Brent crude…
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Tech stocks slowly gaining prominence in Singapore’s market
(Nov 28): Technology stocks, the lack of which has made Singapore one of Asia’s worst markets this year, are slowly starting to win more clout in…
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Ringgit expected to ride on weaker US dollar next week
KUALA LUMPUR (Nov 28): The upward momentum of the ringgit versus the US dollar will likely to continue next week, riding on the weaker greenback bias, stable…
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Upward momentum seen for Bursa in the week ahead
KUALA LUMPUR (Nov 28): After a volatile trading week due to the Budget 2021 Parliament voting that had caused market jitters, Bursa Malaysia is poised for an…
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XE Market Analysis: Europe – Nov 26, 2020
The dollar has remained soft. Although risk appetite has waned in global markets, it hasn’t been sufficient to warrant safe haven positioning, which would have put the U.S. currency in demand. Worse than expected U.S. jobless claims caught attention, despite strong durable orders and home sales data, given the course to more Covid-related restrictions in […]
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XE Market Analysis: North America – Nov 26, 2020
The dollar has remained soft in quiet conditions, while global asset markets have seen little direction. The U.S. Thanksgiving holiday has quelled activity. Europe’s Stoxx 600 traded near flat. Most stock markets in Asia gained, though remained off recent highs. The MSCI World Index is also off its highs, but remained buoyant and on course […]
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