Mexican Peso Technical Forecast: Further Downside is Likely but Uncertainty Remains
As we wait for the outcome of the US presidential election, USD/MXN takes advantage of a risk-on move
News
-
-
Dow Jones, Nasdaq 100, CAC 40, FTSE 100 Forecasts for the Week Ahead
Stocks ripped higher last week, recapturing much of the ground lost in late October. Now nearing resistance, can the major equity markets continue to drive higher?
-
Biden declares victory, calls on Americans to mend divisions
WASHINGTON (Nov 8): President-elect Joe Biden has declared victory in the 2020 US presidential election, calling on Americans to reconcile after a bitterly fought campaign…
-
World leaders welcome Biden win as they seek reset in US ties
LONDON (Nov 8): World leaders welcomed Joe Biden’s election win with many hoping the Democratic US president-elect will spur a reset in ties, bringing a…
-
Petronas to pay Sabah RM1.25b in sales tax next year — media
KUALA LUMPUR (Nov 8): Malaysian state-owned energy giant Petroliam Nasional Bhd (Petronas) is expected to pay the resource-rich state of Sabah RM1.25 billion in sales…
-
Singapore’s economic rebound not likely ‘vibrant’, says PM Lee
SINGAPORE (Nov 8): Singapore’s economy is unlikely to pick up in a “very vibrant sort of way very soon” as key export markets in Europe…
-
Malaysia reports 852 new Covid 19 cases; total infections over 40,000
KUALA LUMPUR (Nov 8): Malaysia reported 852…
-
-
-
-
-
-
AUD/USD Forecast: Australian Dollar Rally Overextended?
The Australian Dollar rallied versus the US Dollar as risk appetite soared, but the move in AUD/USD may be overextended in the short term
-
Euro Forecast: EUR/USD Outlook Improves as USD Strength Ebbs Away
The coming week should be less volatile for EUR/USD as the markets settle in the wake of the US Elections, with the Euro potentially benefiting from any further move into risk assets.
-
Ismail Sabri: CMCO in all states in Peninsular Malaysia except Perlis, Pahang, Kelantan until Dec 6
KUALA LUMPUR (Nov 7): Due to the sustained high number of positive Covid-19 cases, Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob has announced…
-
Covid-19: Malaysia’s daily new cases stay above 1,000-level for fifth consecutive day
KUALA LUMPUR (Nov 7): Malaysia reported 1,168 new Covid-19 infections today, marking the fifth day in a row the daily number of cases is back…
-
CMCO enforced in Kuching district for 14 days from Nov 9
KUCHING (Nov 7): Kuching district would undergo the Conditional Movement Control Order (CMCO) enforcement for 14 days, from Nov 9 to 22, following daily increases…
-
Govt assessing whether to impose MCO in Sabah — Ismail Sabri
KUALA LUMPUR (Nov 7): The National Security Council (MKN) is assessing whether to impose a Movement Control Order (MCO) throughout Sabah in view of the…
-
Covid-19: Implementation of CMCO to prevent situation from becoming worse — PM Muhyiddin
KUALA LUMPUR (Nov 7): The decision to enforce the Conditional Movement Control Order (CMCO) in all states in the Peninsula, except for Perlis, Kelantan and…
-
PM Muhyiddin confident economy will continue to grow under Budget 2021
KUALA LUMPUR (Nov 7): Prime Minister Tan Sri Muhyiddin Yassin is optimistic that the country’s economy will continue to grow under Budget 2021, which spells…
-
Tengku Zafrul refutes allegations of reduction in public health allocation in Budget 2021
KUALA LUMPUR (Nov 7): Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has refuted allegations that the government has drastically reduced its public health allocation…
-
Joe Biden wins US presidency after bitter contest with Trump
WASHINGTON (Nov 8): Joseph Robinette Biden Jr has defeated Donald Trump to become the 46th US president, unseating the incumbent with a pledge to unify…
-
Trump rejects outcome as Democrats celebrate Biden's triumph
WASHINGTON (Nov 8): Donald Trump is rejecting the outcome of the 2020 US presidential election and promises further legal challenges as Democrats and liberal groups…
-
China unlikely to find Biden a soft touch
WASHINGTON (Nov 8): In his unsuccessful campaign for re-election, US President Donald Trump repeatedly warned that a victory for Joe Biden would be a win…
-
XE Market Analysis: Europe – Nov 06, 2020
The dollar has found a footing after tipping sharply lower over the last three days, which mirrors a petering out in the risk-on positioning theme in global markets today. We’re still awaiting on the U.S. election result. Markets are pricing in a Biden presidency and a split Congress, with Republicans likely to retain the Senate […]
-
XE Market Analysis: North America – Nov 06, 2020
The dollar is down for a fourth consecutive day, with the DXY index posting a two-month low at 92.28 and EUR-USD rising to a 16-day high at 1.1878, extending the sharp rally from the 1.1603 low seen earlier in the week. USD-JPY printed a fresh eight-month low at 103.19. Expectations for a relatively lacklustre U.S. […]
-
XE Market Analysis: Asia – Nov 06, 2020
The DXY fell to its lowest level since September 1 in N.Y. trade on Friday, with the index printing four-straight lower daily lows this week. Pressure earlier came as risk-on conditions prevailed following the election, where most assumed a split Congress would keep taxes from rising and preserve business deregulation which has been seen four […]
-