News
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Gold Price Outlook: XAU/USD Pops, Resistance at Prior Support
Gold prices are poised for a larger recovery after plummeting nearly 11% off the yearly highs. Here are the levels that matter on the XAU/USD technical charts.
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AUD/USD, S&P 500, Dow Jones Outlook Mixed After Recent Gains
IG Client Sentiment is painting a mixed outlook for the AUD/USD, S&P 500 and Dow Jones as all three attempt to reverse recent losses. What could be the technical barriers ahead?
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DAX 30, CAC 40 Technical Outlook Leans Neutral to Bearish
European indices are in bounce mode, but is that all it is before another wave of selling comes, or more sideways chop?
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Gold Price Forecast: Losing Luster as Real Yields Turn Higher – Levels for XAU/USD
Gold prices have struggled through September after being one of the best performing assets since global financial markets bottomed out in March.
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Sterling Outlook: Pound Rebound to be Short Lived- GBP/USD Levels
Sterling is testing a critical support pivot with the bears on notice heading into the October open. Here are the levels that matter on the weekly technical chart.
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BNM regrets MyCC's final decision on PIAM's case; general insurers disappointed
KUALA LUMPUR (Sept 30): Bank Negara Malaysia (BNM) said today it regrets the Malaysia Competition Commission’s (MyCC) final decision, in which MyCC concluded that Persatuan Insurans…
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Baidu-backed online tutor Zuoyebang seeks new funding at US$10b valuation — sources
HONG KONG/BEIJING (Sept 30): Chinese online education startup Zuoyebang has started a new fundraising drive at a valuation of $10 billion, said two people with…
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Little change on FBM KLCI as investors awaiting fresh buying impetus
KUALA LUMPUR (Sept 30): The FBM KLCI was almost unchanged at the end of the trading day at 1,504.82 points, barely 0.92 points higher as…
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Special Report: Hidden hands behind penny stock surge
ASTUTE market observers would have noticed on the local bourse a group of individuals, supposedly acting in concert, who have amassed shares in more than…
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EVENING 5: Five things you need to know today
EVENING 5: BNM ‘regrets’ MyCC’s decision on PIAM’s case 1. Bank Negara Malaysia says it regrets the Malaysia Competition Commission’s final decision in the Persatuan Insurans…
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Malaysia reports 89 new Covid-19 cases with two new deaths
KUALA LUMPUR (Sept 30): New Covid-19 cases in Malaysia dropped to 89 today, after three straight days of reporting triple digits of infections. Among the 89…
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New cluster in Kedah detected with three confirmed infections
KUALA LUMPUR (Sept 30): A new cluster of Covid-19 infections — Tembok cluster — has been detected in Kedah with three confirmed infections. Health director-general Tan…
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US bans imports of palm oil from FGV
KUALA LUMPUR/WASHINGTON (Sept 30): The United States has banned imports of palm oil from Malaysian company FGV Holdings Bhd following an investigation into allegations it…
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DNeX, Inta Bina, Cypark, Prestariang, MAHB, SunCon, LPI, FGV
KUALA LUMPUR (Sept 30): Based on corporate announcements and news flow today, companies that may be in focus tomorrow include Dagang NeXchange Bhd, Inta Bina…
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UN chief: time for national plans to help fund global Covid-19 vaccine effort
NEW YORK/GENEVA (Sept 30): UN chief Antonio Guterres said on Wednesday that it is time for countries to start using money from their national Covid-19…
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XE Market Analysis: Asia – Sep 28, 2020
The Dollar recovered some of its overnight losses in N.Y. on Monday. The DXY has fallen from 94.63 to 94.19 into the N.Y. open, then subsequently topped at 94.42 before settling in near 94.30. For U.S. data, the September Dallas Fed index was better than expected, and may have supported the USD at the margins. […]
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XE Market Analysis: Europe – Sep 29, 2020
The dollar and yen are softer, with both currencies continuing to correlate inversely with global stock market direction. EUR-USD posted a four-day high at 1.1684, extending the rebound from the two-month low that was seen last Friday at 1.1612, and EUR-JPY lifted to an eight-day peak at 123.33. Cable and GBP-JPY have seen a similar […]
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XE Market Analysis: North America – Sep 29, 2020
The dollar and yen have continued to soften, especially the latter, even though global stock market rally has once again flagged. EUR-USD posted a six-day high at 1.1699, extending the rebound from the two-month low that was seen last Friday at 1.1612, and EUR-JPY lifted to an eight-day peak at 123.54. The euro itself did […]
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