Gold Weekly Technical Forecast: Range Holds Ahead of US Election
A somewhat indecisive week for the precious metal, which maintains a narrow range ahead of the US election.
A somewhat indecisive week for the precious metal, which maintains a narrow range ahead of the US election.
KUALA LUMPUR (Oct 24): Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah should ask Malaysia’s judiciary for its opinion as to whether Article 150…
KUALA LUMPUR (Oct 24): Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah and the Conference of Rulers will discuss the proposals forwarded by Prime…
KUALA LUMPUR (Oct 24): Former prime minister Tun Dr Mahathir Mohamad claimed today that Malaysia’s stock market will collapse completely if a state of emergency…
KUALA LUMPUR (Oct 24): Prime Minister Tan Sri Muhyiddin Yassin emphasised the need for a more detailed medium-long term plan to ensure the survival of…
PUTRAJAYA (Oct 24): Malaysia is expected to secure access to Covid-19 vaccine supply in the first quarter of next year. The Health Ministry (MOH) along with…
KUALA LUMPUR (Oct 24): The state-wide Conditional Movement Control Order (CMCO) in Sabah scheduled to end on Oct 26, will be extended for another 14…
KUALA LUMPUR (Oct 24): Barring unforeseen circumstances, Budget 2021 will be unveiled on Nov 6. This will be a budget under a new government, under…
KUALA LUMPUR (Oct 24): Malaysia reported seven Covid-19-related deaths today as the number of daily new cases tops 1,000 for the first time at 1,228. Health director-general…
KUALA LUMPUR (Oct 24): Tan Sri Tommy Thomas implores Prime Minister Tan Sri Muhyiddin Yassin not to resort to calling an emergency. The former attorney-general…
PUTRAJAYA (Oct 24): Six new Covid-19 clusters were reported in several states today, said Health director-general Tan Sri Dr Noor Hisham Abdullah. He said two of…
The dollar is trading moderately firmer against most other currencies, with the yen being the exception. Global stock markets are lacking direction, although the surface calmness belies an underlying skittish sentiment with hopes fading for a pre-election fiscal stimulus deal in the U.S. and with the looming elections inspiring a degree of reservation in investment […]
The dollar fell back concomitantly with rallying European stock markets and U.S. index futures, which was likely a repositioning dynamic after declining over the last two weeks. EUR-USD rebounded quite strongly, rising back above 1.1850 from a three-day low at 1.1787. Preliminary October PMI data in the services and composite readings out of the Eurozone […]
The Dollar moved modestly higher through the morning session, buoyed by safe-haven buying as Wall Street fell on dimming expectations for a new stimulus bill anytime soon. The two sides remain far apart on some items, like aid to states. The DXY rallied from opening lows of 92.67, later peaking at 92.96. The major equity […]
The US Dollar is losing ground against ASEAN FX, with USD/SGD and USD/IDR possibly readying to extend declines. Will USD/PHP and USD/MYR follow?
The Dollar has been falling versus the Peso, and with a generally weak USD and strong risk trends weighing, support is at risk of breaking.
As we round our way towards a new week, Cable is within the confines of a bullish structure with beginnings back in September.
KUALA LUMPUR (Oct 23): The Swiss Financial Market Supervisory Authority (FINMA) has reduced the amount of money to be confiscated from BSI Bank to 70 million…
KUALA LUMPUR (Oct 23): UEM Sunrise Bhd has announced a reduction in its stake in a firm developing 2,500 acres (1,011.71ha) of land in Kulai, Johor, which will result…
KUALA LUMPUR (Oct 23): ViTrox Corp Bhd’s share price soared to an all- time high of RM14.68 today after it delivered a stellar set of…
KUCHING (Oct 23): Sarawak Chief Minister Datuk Patinggi Abang Johari Tun Openg today said that he is weighing between public health and the needs to get…
KUALA LUMPUR (Oct 23): Share prices have reversed their upward trend seen earlier on Bursa Malaysia today as speculation has run rife that a national health emergency,…
KUANTAN (Oct 23): Prime Minister Tan Sri Muhyidddin Yassin arrived at Istana Abdulaziz here today for an audience with Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin…
KUALA LUMPUR (Oct 23): Amid speculation on social media that the government will be declaring a state of emergency, constitutional expert Prof Dr Shamrahayu A…
KUALA LUMPUR (Oct 23): Daily new Covid-19 cases in Malaysia dropped to 710 — from 847 reported yesterday — taking total infections in the country…