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New Zealand Dollar Analysis: NZD/USD, NZD/JPY, GBP/NZD Price Action
The New Zealand Dollar’s correction lower against the Japanese Yen and US Dollar may be at an end, as NZD remains constructively perched above key chart support..
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EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Aug 31, 2020 when EUR/JPY traded near 126.39.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
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NZD/USD IG Client Sentiment: Our data shows traders are now net-long NZD/USD for the first time since Jun 03, 2020 when NZD/USD traded near 0.64.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.
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Gold Price & Silver Technical Outlook: Gold Has Room to Decline, Silver Sitting on Support
Gold broke down out of a triangle pattern and has room to go before big support, the decline in silver has been fiercer, but may not go along with gold as quickly with support at its feet.
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Euro Dollar Outlook: EUR/USD Bounce Faces First Test- NFP Levels
Euro reversed off key support but the recovery keeps price within the monthly trend heading into NFPs. These are the levels that matter on the EUR/USD technical charts.
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Tough for Malaysia to go through another lockdown — World Bank
KUALA LUMPUR (Sept 29): It will be challenging for the Malaysian economy to have another lockdown to contain the spread of Covid-19, said World Bank…
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Supermax pares loss after High Court overturns ex-MD Stanley Thai’s guilty verdict
KUALA LUMPUR (Sept 29): Supermax Corp Bhd pared its loss today after the High Court overturned the Session Court’s conviction of its former managing director (MD)…
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KLCI drops on profit taking in glove shares, World Bank downgrade
KUALA LUMPUR (Sept 29): The FBM KLCI closed down 7.76 points or 0.51% at 1,503.90 today, partly due to profit taking in rubber glove manufacturers’…
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New Sabah govt to focus on reviving economy, says CM Hajiji
KOTA KINABALU (Sept 29): Reviving the state economy, which has been affected by the Covid-19 pandemic, will be the focus of the new Sabah government. Chief…
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Bursa says website access restored to normal, no cybersecurity issues
KUALA LUMPUR (Sept 29): Bursa Malaysia said today that access to the bourse operator and regulator’s website has been restored to normal, after it was…
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Shared Prosperity Action Council to monitor WKB 2030, says Muhyiddin
KUALA LUMPUR (Sept 29): The government will set up the Shared Prosperity Action Council (MTKB), which will act as a top-level monitoring mechanism, so that the objectives…
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Loans totalling RM743m approved under Penjana SME Financing — finance minister
KUALA LUMPUR (Sept 29): A total of 3,058 small and medium enterprise (SME) applications, involving a loan value of RM742.8 million, have been approved under the Penjana…
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Malaysia sees another three-digit jump in new Covid cases today, with four new clusters found
KUALA LUMPUR (Sept 29): The Ministry of Health (MoH) reported 101 new Covid-19 infections in Malaysia today, bringing the country’s total confirmed infections to date…
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EVENING 5: Five things you need to know today
EVENING 5: Court quashes Stanley Thai’s conviction Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. The Kuala Lumpur…
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Ekovest, PLS, Aeon Credit, OSK, Ireka, Kanger, Supermax, MyNews and Inix
KUALA LUMPUR (Sept 29): Based on corporate announcements and news flow today, companies that are likely to be in focus tomorrow (Wednesday) might be as…
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XE Market Analysis: Europe – Sep 28, 2020
The yen posted moderate gains in otherwise quiet, narrowly ranging currency markets. USD-JPY and yen crosses softened. More ECB policymaker signalling about their concern of euro valuations elicited EUR-JPY selling, which tipped the cross to a two-month low at 122.38. USD-JPY, meanwhile, gave back most of the gains that were seen on Friday in posting […]
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XE Market Analysis: North America – Sep 28, 2020
The dollar has softened concurrently with rallying global stock markets, losing most ground to the pound, which surged. The yen pared intraday gains as the equity rally picked up momentum during the European morning session. The USD index (DXY) dropped by 0.5% to within a pip of Friday’s low at 94.19, while EUR-USD rebounded to […]
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