News
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Euro Strikes Balance as Vaccine Hopes Offset by European Covid Spread
Hope was the big item to start the week and it couldn’t come at a better time as Europe continues to struggle with Covid.
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Dow Jones Drifts Lower From All-Time High, Eyeing 28000 for Support
The Dow Jones Index retreated after hitting an all-time high of 29,933 on November 9th as profit taking kicked in. Bearish momentum appears to be prevailing with an eye on 28,000 for an immediate s…
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USD/JPY Technical Outlook Appears Neutral to Negative in Week Ahead
USD/JPY explosion off the lows has a familiar level of resistance in play within the context of a generally negative trend.
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Sterling Outlook: Pound Rally Falters at Resistance- GBP/USD Levels
A multi-week rally in Sterling remains vulnerable as Cable stalls at key technical resistance. Here are the levels that matter on the GBP/USD weekly technical chart.
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S&P boasts record close with earnings reports adding to vaccine-fuelled optimism
NEW YORK (Nov 13): The S&P 500 notched a record closing high on Friday with upbeat earnings reports helping to drive optimism about the economy…
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AT Systematization weekly trading volume breaches 10 billion shares
KUALA LUMPUR (Nov 14): AT Systematization Bhd (ATS) continued to see a surge in trading activity in the past trading week with its total weekly…
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Bargain hunting to boost Bursa next week — Bank Islam
KUALA LUMPUR (Nov 14): Bursa Malaysia is expected to trade higher next week with investors likely to go on a bargain-hunting mode following last week’s losses but…
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V-shaped recovery will be derailed if Budget 2021 not passed — EMIR Research
KUALA LUMPUR (Nov 14): The V-shaped recovery that has been attained at this point will be derailed if Budget 2021 is not passed by Parliament, according…
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Malaysia calls on Asean+3 to keep market open during Covid-19 crisis
KUALA LUMPUR (Nov 14): Malaysia has called on Asean plus China, Japan and South Korea (Asean+3) to remain committed in keeping the markets open and…
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Covid-19: Malaysia reports 1,114 new cases, N Sembilan sees spike to 371
KUALA LUMPUR (Nov 14): Malaysia today saw 1,114 new Covid-19 cases, bringing the total number of infections in the country to 46,209. Total active cases rose…
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Govt to ensure completion of 2020 projects, says Mustapa
KUALA LUMPUR (Nov 14): The government will strive to ensure that the development projects in 2020 are fully completed, said Minister in the Prime Minister’s Department (Economic…
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Covid-19: Four new clusters detected today, while two clusters ended
KUALA LUMPUR (Nov 14): The Ministry of Health (MoH) detected four new Covid-19 clusters today, with 59 infections related to the clusters, of which two were…
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2021 GDP growth projection of 6.5%-7.5% based on economic expectations, says Tengku Zafrul
KUALA LUMPUR (Nov 14): The government’s gross domestic product (GDP) growth projection of between 6.5% and 7.5% for next year, is an estimate based on the…
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Govt ready to allow more EPF contributors to withdraw savings from Account 1 — finance minister
KUALA LUMPUR (Nov 14): The government is prepared to increase the number of contributors eligible to withdraw their savings from Account 1 of the Employees Provident Fund…
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XE Market Analysis: Europe – Nov 13, 2020
Narrow ranges have been ensuing, with a theme of yen firmness amid a backdrop of softening stock markets. Market narratives are loaded with the ‘fading Covod-19 vaccine rally’ phraseology due the rollout logistics and time frame. The IEA said that a Covid vaccine won’t likely boost the oil market until late 2021, for instance. Pfizer’s […]
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XE Market Analysis: North America – Nov 13, 2020
A risk-back-on theme emerged during the London morning, which imparted a concurrent dollar and yen softening theme in currency markets while seeing commodity currencies lift out of lows. The main European stock indices has racked up gains of over 0.5%, as of the late London morning, and S&P 500 E-mini futures were up by nearly […]
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XE Market Analysis: Asia – Nov 13, 2020
The Dollar was modestly lower in N.Y. trade on Friday, resulting in the DXY falling from lows of 92.91 to 92.75 in early afternoon. Major Dollar pairings were largely held to narrow trading bands, but risk-on conditions weighed fairly broadly on the safe-haven Greenback. Wall Street rallied, with markets holding out hope for a Covid […]
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