News
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GBP Price Forecast: Pound Sterling Volatile Amid Brexit Talks
The Pound Sterling has popped higher over recent trading sessions against the US Dollar but struggles to make headway against the Euro. GBP price action also remains jumpy around Brexit headlines.
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Gold Prices Testing Key Trend Support as US Yields Surge – Levels for XAU/USD
The pullback from the August high in gold prices may be coming to the end of the road; the market is turning.
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MSM appoints Fakhrunniam Othman as acting group CEO
KUALA LUMPUR (Oct 9): MSM Malaysia Holdings Bhd said the sugar manufacturer yesterday appointed Fakhrunniam Othman as acting group chief executive officer (CEO) following its…
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Central banks sketch out digital currency as China forges ahead
LONDON (Oct 9): A group of seven major central banks including the U.S. Federal Reserve set out on Friday how a digital currency could look…
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China expects to meet poverty alleviation goal, sustainability the next test
LIANGSHAN, China (Oct 9): President Xi Jinping beamed down benevolently from a poster in the new flat of unemployed Jigu Gatie, provided by the Chinese…
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KLCI finishes up on institutional buying as politics drives stock bets
KUALA LUMPUR (Oct 9): The FBM KLCI finished up 10.92 points or 0.72% today at 1,530.35 on institutional buying and as Malaysia’s political developments drove…
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Malaysia records 354 new Covid-19 cases, 274 from Sabah, with six more deaths
KUALA LUMPUR (Oct 9): The Ministry of Health (MOH) reported 354 new COVID-19 cases today with six new deaths — the highest daily fatality since…
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UEM Sunrise MD's resignation coincides with controlling shareholder's proposed merger
KUALA LUMPUR (Oct 9): UEM Sunrise Bhd managing director (MD) Anwar Syarin Abdul Ajib, who is also the chief executive officer, tendered his resignation today…
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EVENING 5: Five things you need to know today
EVENING 5: UEM Sunrise’s MD/CEO resigns 1. UEM Sunrise Bhd’s MD cum CEO Anwar Syarin Abdul Ajib has tendered his resignation. 2. Stocks said to be linked to…
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Top Glove mulls raising US$1 bil in Hong Kong listing
HONG KONG (Oct 9): Top Glove Corp, the world’s biggest rubber glove maker, is considering raising more than US$1 billion from a listing in Hong…
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Top Glove, UEM Sunrise, MSM, XOX, WZ Satu and MyNews
KUALA LUMPUR (Oct 9): Based on corporate announcements and news flow today, companies in focus on Oct 12 (Monday) may include: Top Glove Corp Bhd,…
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US earnings improvement expected, but still a weak quarter
NEW YORK (Oct 9): While good business news has been in short supply, investors may take slight comfort in coming weeks from US corporate earnings…
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XE Market Analysis: Europe – Oct 08, 2020
The dollar has traded softer, inversely correlating with rallying stock markets on Wall Street. S&P 500 E-minis are up 0.7%, while the cash version of the index closed yesterday with a 1.7% gain. Progress in the piecemeal approach to pandemic support packages in the U.S. along with positive news from the Covid vaccine and treatment […]
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XE Market Analysis: North America – Oct 08, 2020
The dollar recouped lost ground against most peer currencies. EUR-USD settled to near net unchanged levels near 1.1750 after ebbing back from a 1.1781 high, which was set in early London trading. Dollar weakness had been a driver earlier. More dovish remarks have come from ECB policymakers, who have recently let it be known their […]
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XE Market Analysis: Asia – Oct 08, 2020
After heading slightly higher following the steady initial jobless claims and large drop in continuing claims, the Dollar pulled back some through the morning session. The DXY peaked at 93.77 early, later slipping to 93.59 lows. USD-major trading ranges remained relatively narrow. Wall Street stumbled after speaker Pelosi said she would not accept targeted stimulus(airlines, […]
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