News
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Gold Price Technical Outlook Looks Near-term Bearish
The gold bounce looks poised to end and turn into another leg lower soon.
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EUR/USD Technical Analysis: Euro May Fall as Major Top Forms
The Euro may have started the next major leg in its 12-year downtrend against the US Dollar, with scope for an extended drop back below parity in the months ahead.
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Dow Jones Formed an "AB=CD" Pattern, Signaling Potential Trend Reversal
The Dow Jones Industrial Average may attempt a trend reversal after forming an “AB=CD” pattern. Immediate resistance can be found at 27,850 – the 50-Day SMA.
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Japanese Yen Outlook: AUD/JPY, EUR/JPY Key Levels for the Week Ahead
The Japanese Yen’s resurgence last month may fail to carry over into October, as the haven-associated currency struggles to hold above pivotal chart support.
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PM chairs special meeting on Covid-19
PUTRAJAYA (Oct 3): A special National Security Council (NSC) meeting on Covid-19, chaired by Prime Minister Tan Sri Muhyiddin Yassin, is being held at Bangunan Perdana Putra,…
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Ringgit to trade in tight range next week
KUALA LUMPUR (Oct 3): The ringgit is expected to trade in a tight range next week with all eyes on crude oil prices, says AxiCorp…
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World’s best airport warns of ‘daunting’ future amid pandemic
(Oct 3): Changi Airport Group said the impact from the Covid-19 pandemic isn’t abating as officials behind the world’s best airport warned of a “daunting” period…
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US ban to hurt over 32,000 planters, say palm oil farmers
(Oct 3): Malaysia’s palm oil planters condemned the US block on imports of FGV Holdings Bhd products, saying the move will affect more than 32,000 farmers. The National…
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Deputy Minister Ahmad Masrizal tested positive for Covid-19
KUALA LUMPUR (Oct 3): Deputy Minister of Environment and Water Datuk Dr Ahmad Masrizal Mohamad confirmed that he tested positive for COVID-19 after the second test…
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No need for MCO, says Ismail Sabri
PUTRAJAYA (Oct 3): It is not necessary to reimplement the movement control order (MCO) despite a surge in Covid-19 positive cases in the country, said Senior Minister…
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PM Muhyiddin assures govt's commitment to curbing Covid-19
KUALA LUMPUR (Oct 3): Tan Sri Muhyiddin Yassin today gave assurance and commitment of the government to continue handling and curbing the spread of COVID-19 in the…
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Malaysia sees 317 new Covid-19 cases, biggest daily jump since pandemic began in January
KUALA LUMPUR (Oct 3): Malaysia recorded 317 new Covid-19 cases today, the biggest daily jump since the pandemic began in January, according to Ministry of…
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MoH reports three new clusters, in Kedah and Selangor, with 16 confirmed infections
KUALA LUMPUR (Oct 3): The Ministry of Health (MoH) announced three new Covid-19 clusters today, of which two were found in Kedah and one in Selangor,…
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Impractical to have GE15 soon, says Dewan Negara president
JELEBU (Oct 3): The 15th general election should not be held anytime soon as the country is still grappling with the COVID-19 pandemic, said Dewan Negara President…
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XE Market Analysis: Asia – Oct 01, 2020
The Dollar fell into the N.Y. open on Thursday, though later made up some ground following some pretty decent U.S. data. The DXY partially recovered from the eight-session lows of 93.533 seen into the open, later topping at 93.90. The ADP jobs report was considerably better than expected, while continuing jobless claims fell sharply, and […]
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XE Market Analysis: Europe – Oct 02, 2020
The yen has rallied versus other currencies amid a pronounced risk-off positioning theme in global markets on news that President Trump, along with the First Lady and White House public relations counsellor, have tested positive for Covid. S&P 500 E-minis are 1.4%, and Asian stock markets and European equity index futures have also taken a […]
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XE Market Analysis: North America – Oct 02, 2020
The yen and pound outperformed other currencies, the former finding safe haven demand amid pronounced risk-off positioning theme in global markets on news that President Trump, along with the First Lady and White House public relations counsellor, have tested positive for Covid, and the latter finding support from Brexit news. Global equity markets and most […]
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