AAX, Top Glove, SCGM, PUC, Tropicana, Bintai Kinden, Focus Dynamics and Oversea Enterprise
KUALA LUMPUR (Oct 6): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Oct 7) include: AirAsia X Bhd…
News
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Fed's Powell: Incomplete recovery could trigger ‘recessionary dynamics’
(Oct 6): The US economic recovery remains far from complete and could still slip into a downward spiral if the coronavirus is not effectively controlled…
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XE Market Analysis: Europe – Oct 05, 2020
The yen has softened and the dollar bloc currencies have firmed amid a risk-back-on positioning theme, driven by encouraging reports about U.S. President Trump’s health. USD-JPY lifted to a peak at 105.61, which is 7 pips shy of Friday’s high. The biggest mover out of the main currencies has been AUD-JPY, which rallied by about […]
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XE Market Analysis: North America – Oct 05, 2020
Both the dollar and yen softened, while the dollar bloc outperformed the other main free floating currencies amid a bout of risk-back-on positioning in global markets, fuelled by positive news about U.S. President Trump’s health condition. EUR-USD traded firmer, printing a peak at 1.1760, which is 10 pips short of the 13-day high that was […]
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XE Market Analysis: Asia – Oct 05, 2020
The Dollar was mostly lower in N.Y. trade on Monday, weighed down by the unwinding of long USD safe-haven positions as risk-on conditions returned. Reports that president Trump is doing better after being treated over the weekend for Covid, along with increased hopes that a U.S. fiscal aid package can be passed, combined to buoy […]
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US Dollar Technical Outlook: DXY Trading at Crossroad of Short-term Support
The US Dollar Index (DXY) is trying to hold here on this pullback at a confluence of support lines.
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USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Sep 10, 2020 when USD/JPY traded near 106.17.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.
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Canadian Dollar Forecast: Ready for Liftoff? Levels for CAD/JPY & USD/CAD Rates
After a rocky September, both CAD/JPY and USD/CAD rates are on the cusp of breaking in favor of more Canadian Dollar strength alongside crude oil prices and equity markets.
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France 40 IG Client Sentiment: Our data shows traders are now net-short France 40 for the first time since Sep 18, 2020 when France 40 traded near 4,991.60.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bullish contrarian trading bias.
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Gold Price Outlook: Can XAU/USD Break Critical Resistance? GLD Levels
Gold prices are poised to mark an outside-reversal today with the rally now approaching key resistance. Here are the levels that matter on the XAU/USD technical charts
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PM undergoes home quarantine for 14 days, will conduct meetings via video conference
KUALA LUMPUR (Oct 5): Prime Minister Tan Sri Muhyiddin Yassin said he will be observing self-quarantine at home for a period of 14 days as…
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MSM group CEO sacked after 'unacceptable' explanation about accounting adjustments
KUALA LUMPUR (Oct 5): Datuk Khairil Anuar Aziz has been axed as MSM Malaysia Bhd’s group chief executive officer (CEO) after the sugar company’s board…
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Malaysia's daily Covid-19 cases hit new record of 432
KUALA LUMPUR (Oct 5): Malaysia’s new Covid-19 cases surged to 432 today — the highest since infections were first reported in the country in January,…
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EVENING 5: Five things you need to know today
EVENING 5: PM Muhyiddin self-quarantines Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. Prime Minister Tan Sri Muhyiddin…
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Two new Covid-19 clusters reported in Kedah, one in Terengganu
KUALA LUMPUR (Oct 5): Three new Covid-19 clusters — two in Kedah and one in Terengganu — were reported today with a total of 23…
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One in 10 may have caught Covid, as world heads into ‘difficult period’ — WHO
GENEVA (Oct 5): Roughly one in 10 people may have been infected with the coronavirus, leaving the vast majority of the world’s population vulnerable to…
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China says US TikTok, WeChat bans break WTO rules
GENEVA (Oct 5): China said at a World Trade Organization meeting that restrictions by the United States on Chinese mobile applications TikTok and WeChat are…
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Tata taking on Ambani could be India’s Alibaba-Tencent: Andy Mukherjee
(Oct 5): Just as the Chinese duo of Jack Ma and Pony Ma have carved up major chunks of their country’s internet businesses, the battle…