USD/JPY Technical Outlook – Inching Closer to Wedge Break on Election Volatility
USD/JPY has been all over the place with the U.S. election hanging in the balance; wedge formation over past few months could soon break.
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Gold Price Outlook: The Post-Election Battle for 1900– XAU/USD Levels
Gold prices are testing multi-month downtrend resistance as markets await final election results. These are the levels that matter on the XAU/USD technical charts.
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KLCI snaps 4-day losing streak as investors weigh BNM rate decision, US election whipsaws stocks
KUALA LUMPUR (Nov 4): The FBM KLCI closed 3.16 points or 0.22% higher at 1,464.61 today after declining for four consecutive trading days as investors…
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Govt takes prudent approach in spending, says Muhyiddin
PUTRAJAYA (Nov 4): The government has adopted a prudent approach in spending, especially in terms of operating expenses, while at the same time optimising its income from investments and government-owned…
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AirAsia X classifies MAHB as secured creditor in revised debt revamp scheme, but says 'will not be intimidated'
KUALA LUMPUR (Nov 4): AirAsia X Bhd (AAX), the low-cost long-haul affiliate of AirAsia Group Bhd, has revised its proposed debt restructuring scheme and re-categorised…
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Covid-19: Malaysia reports 1,032 new cases today, with eight deaths and six new clusters
KUALA LUMPUR (Nov 4): Malaysia logged 1,032 new Covid-19 cases today, 62.6% of them from Sabah, while daily cases at its most populous state of…
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Public feedback sought in study on way forward for Malaysia democracy
KUALA LUMPUR (Nov 4): A detailed study to ascertain the way forward in Malaysia’s democracy is being conducted by a research team led by Datuk…
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Study each suggestion, formulate inclusive budget, says Agong
KUALA LUMPUR (Nov 4): The government has been advised to study in detail every suggestion it received to formulate the national Budget 2021 that is…
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AAX, MAHB, UMW, FGV, Latitude Tree, F&N, Gamuda, Crest Builder, Mega First, Ocean Vantage, Ipmuda and MAA
KUALA LUMPUR (Nov 4): Based on corporate filings and news flow today, stocks that may be in focus tomorrow include: AirAsia X Bhd (AAX), Malaysia…
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Stocks jump as Wall Street thinks tight U.S. election means gridlock
NEW YORK (Nov 5): U.S. stocks surged to close higher on Wednesday as the presidential election race remained cloudy but the likelihood of gridlock in…
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Stocks, dollar gain as unclear U.S. election thwarts Democratic sweep
NEW YORK/LONDON (Nov 5): The dollar rose and world equity markets rallied on Wednesday as investors bet that a progressive “Blue Wave” Democratic agenda of…
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XE Market Analysis: Europe – Nov 03, 2020
Narrow ranges have been prevailing, with the risk event of today’s U.S. election have a deterring effect on forex market activity. The DXY dollar index ebbed back under the 94.00 level after printing a five-week high yesterday at 94.29, with EUR-USD concurrently lifting above 1.1600, extending a so far moderate rebound from yesterday’s five-week low […]
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XE Market Analysis: North America – Nov 03, 2020
The correction in the dollar and yen intensified as market participants made a quick retreat from risk-off positioning. The risk-sensitive AUD-USD and AUD-JPY have been the biggest gainers out of the most traded currencies, with both showing gains of comfortably over 1% at their highs. Wrong-footed speculative accounts beat a retreat from short positions in […]
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XE Market Analysis: Asia – Nov 03, 2020
The Dollar fell in N.Y. trade on Tuesday, taking the DXY to four-session lows of 93.29 from 93.64 at the open. Risk-on conditions saw safe-haven USD flows unwind pretty much across the board. Wall Street rallied sharply, with short covering a driver into the U.S. election results, which should hopefully be known sometime during the […]
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