US Dollar at Risk: USD/SGD, USD/MYR Breakouts Eyed. USD/IDR, USD/PHP Hold
The US Dollar extended breakouts against the Singapore Dollar and Malaysian Ringgit. USD/IDR and USD/PHP are more resilient as they idle around key support zones.
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DAX 30, CAC 40 Technical Outlook: Holding Rally Well So Far
The European indices are maintaining their ground after the strong burst higher earlier in the month; the DAX has some strong resistance to get through, though.
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Gold Price Forecast: XAU/USD Threatens Breakdown- GLD Levels
Gold is down nearly 1.5% this week with price now approaching support at multi-month lows. These are technical levels that matter on the XAU/USD weekly chart.
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Silver Prices, Platinum Prices Outpacing Gold for One Key Reason
Even as the US Dollar has failed to rally, precious metals’ prices haven’t had an easy going. Some are doing better than others, and for one key reason.
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EVENING 5: Five things you need to know today
EVENING 5: Vaccine rollout to boost glove demand, says RHB Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know…
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IMF, G-20 warn recovery may be derailed, risks still very high
The recovery is uneven, highly uncertain and subject to elevated downside risks including those arising from renewed virus outbreaks in some economies. WASHINGTON/ZURICH/LONDON (Nov 19): Leaders…
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Western governments suspend talks on new export credit rules, citing divisions, transparency
WASHINGTON (Nov 19): Eleven of 18 governments trying to negotiate new export credit rules said on Thursday that they were suspending technical talks because of…
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Mestron, Bumi Armada, PetGas, Petron, Pharmaniaga, IGB, Apex Healthcare, SunCon, MBM, CCM, AAX, Mega First, GHL and Amtel
KUALA LUMPUR (Nov 19): Based on corporate announcements and news flow today, stocks that are likely to be in focus tomorrow (Nov 20) might be…
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Top Glove spent about half its RM1.87b profit for FY20 on share buybacks since September
KUALA LUMPUR (Nov 19): Top Glove Corp Bhd, which made a whopping net profit of RM1.87 billion for its financial year ended Aug 31, 2020,…
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Wall Street closes higher as new stimulus talks ease shutdown worries
(Nov 20): U.S. stocks ended in positive territory on Thursday as fresh stimulus hopes buoyed investor sentiment toward the end of a session fraught with…
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Stocks, oil rise on report U.S. stimulus talks may resume
NEW YORK (Nov 20): Stocks and oil rallied on Thursday after reports that U.S. congressional leaders may be willing to restart negotiations on stimulus for…
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KLCI drifts lower as U.S. futures slide, banking heavyweights drag
KUALA LUMPUR (Nov 20): The main index at Bursa Malaysia drifted lower early Friday, tracking muted regional markets as U.S. futures slid in Asian trading. At…
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Vivocom sparks deja vu again
KUALA LUMPUR (Nov 20): Big wide smiles are likely plastered on the faces of Vivocom International Holdings Bhd’s shareholders as the company’s share price more…
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CIMB lets go of three Singapore department heads
KUALA LUMPUR (Nov 20): CIMB has let go of three Singapore department heads, following a review of its operations in the Republic, according to an…
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XE Market Analysis: Europe – Nov 18, 2020
The dollar maintained a soft tone, posting fresh lows against the yen and the pound, while holding above Tuesday lows against the euro and others. The Australian dollar saw intraday weakness before recovering. A degree of caution has crept back in after recent strong gains in world stock markets, which propelled the MSCI World Index […]
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XE Market Analysis: North America – Nov 18, 2020
The dollar continued to soften. While there has been evident caution after recent strong gains in world stock markets, markets have remained buoyant, with Europe’s Stoxx 600 lifting towards yesterday’s eight-month, S&P 500 E-mini futures gaining 0.3%. Asian markets were mostly higher, though Japan’s Nikkei closed lower and Chinese markets were flat. Australia’s ASX index […]
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XE Market Analysis: Asia – Nov 18, 2020
N.Y. FX trade was very quiet on Wednesday, with major Dollar pairings held to narrow ranges. The USD attempted to rally early on, though quickly turned modestly lower. The DXY topped at 92.45, later easing to a 92.27 low. Incoming U.S. data saw October housing starts rise more than forecast, though the outcome had little […]
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