News
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AUD/USD Technical Outlook – Australian Dollar Set Up to Move Soon vs US Dollar
Aussie is coiling up above support and on that the compression in price action should soon lead to a breakout; levels and lines to watch.
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Canadian Dollar Outlook: USD/CAD Spills into Support- Election Levels
Canadian Dollar is testing the bounds of a multi-month price consolidation. These are the levels that matter on the Loonie technical charts heading into the election.
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Germany 30 IG Client Sentiment: Our data shows traders are now net-short Germany 30 for the first time since Oct 20, 2020 when Germany 30 traded near 12,759.20.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bullish contrarian trading bias.
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Covid-19: Malaysia sees deadliest day with 12 fatalities; new cases rise to 1,054
KUALA LUMPUR (Nov 3): Malaysia today posted…
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Seremban district placed under CMCO from Nov 5-18
(Bernama has corrected @22:04, the date in headline and intro paragraph to Thursday Nov 5, from Nov 4 earlier) KUALA LUMPUR (Nov 3): Seremban district in…
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EVENING 5: Five things you need to know today
EVENING 5: BNM keeps OPR in final 2020 meeting 1. Bank Negara Malaysia has decided to maintain the Overnight Policy Rate at 1.75% calling…
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China stops Jack Ma’s US$35 bil Ant IPO from going ahead
(Nov 3): China put the brakes on Ant Group Co’s US$35 billion share sale in Shanghai and Hong Kong, derailing the world’s biggest initial public…
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After a campaign like no other, Americans rendering final verdict at polls
WILMINGTON, Del./WASHINGTON/ SCRANTON & McCONNELLSBURG, Pennsylvania (Nov 3): Americans cast votes on Tuesday in the bitterly contested presidential race between incumbent Donald Trump and challenger…
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LTKM, Parlo, Country Heights, F&N, Frontken, MyEG, Prestariang, Scomi and MAHB
KUALA LUMPUR (Nov 3): Based on corporate announcements and news flow today, stocks that may be in focus tomorrow (Nov 4) include: LTKM Bhd, Parlo…
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Banks rush to take fines under Trump, casting light on misdeeds
(Nov 3): Giant banks have racked up more than US$4 billion in US penalties in a wave of settlements weeks before the presidential election. That…
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Alibaba drops after China suspends IPO of finance affiliate Ant
(Nov 3): Alibaba Group Holding Ltd’s US-traded shares tumbled as much as 9.7% on Tuesday after Ant Group Co, the finance affiliate also founded by…
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Wall Street closes sharply higher on U.S. Election Day stimulus hopes
NEW YORK (Nov 4): U.S. stocks closed sharply higher on Tuesday as Americans voted in one of the country’s most rancorous presidential elections and investors…
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Markets nod at Biden win as stocks gain, dollar slips
NEW YORK/LONDON (Nov 4): The dollar slid and global equity markets rose on Tuesday on bets of increased stimulus if Joe Biden wins the U.S….
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XE Market Analysis: Europe – Nov 02, 2020
The pound is in decline as markets react to weekend news that the UK will be heading into a one-month lockdown from this Thursday, which could be extended according to senior cabinet minister Gove. Germany and France have started one-month lockdowns, while tight restrictions are being imposed in many other European countries. Cable dove into […]
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XE Market Analysis: North America – Nov 02, 2020
The dollar been traded mixed in early week, early month trading. EUR-USD recovered above 1.1650 after pegging a five-day low at 1.1624. France and Germany are now in one-month lockdowns, and many other Eurozone and European nations are now operating under much tighter restrictions. Europe is now heading back into economic recession, although this shouldn’t […]
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XE Market Analysis: Asia – Nov 02, 2020
After losing some ground overnight, the Dollar recovered some through the N.Y. morning session on Monday. The DXY fell from a one-month high of 94.28 to 93.98 into the open, subsequently bouncing modestly to 94.18. Incoming U.S. data was supportive, which saw the manufacturing ISM improve more than expected. Safe-haven USD flows were noted ahead […]
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