KLCI drops 0.62% amid news of possible change in govt
KUALA LUMPUR (Sept 23): The FBM KLCI dropped 0.62% today amid news of a potential change in the Malaysian government, while other uncertainties including concerns…
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Malaysia’s new Covid-19 cases climb to 147, with three new deaths reported
KUALA LUMPUR (Sept 23): New Covid-19 infections in Malaysia climbed to 147, from 82 recorded yesterday, with three new fatalities as of noon today. Today’s daily…
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Tengku Adnan trial: Prosecution says accused admitted no Umno Supreme Council member knew about purported donation
KUALA LUMPUR (Sept 23): The prosecution in former federal territories minister Datuk Seri Tengku Adnan Tengku Mansor’s corruption trial told the High Court here today…
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Many Umno, BN MPs voice support for Anwar, says Zahid
KUALA LUMPUR (Sept 23): Umno president Datuk Seri Dr Ahmad Zahid Hamidi said he has received information that many Umno and Barisan Nasional (BN) Members of Parliament…
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EVENING 5: Five things you need to know today
EVENING 5: Govt announces RM10bil Kita Prihatin package Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. PM Tan…
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Favelle Favco, UMW, Solution, Encorp, IHH and WZ Satu
KUALA LUMPUR (Sept 23): Based on corporate news flow and announcements today, companies that may be in focus tomorrow are Favelle Favco Bhd, UMW Holdings…
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XE Market Analysis: Asia – Sep 21, 2020
The Dollar had its best day in a while in N.Y trade on Monday, taking tie DXY to six-week highs of 93.78 from overnight lows of 92.75. Safe-haven USD buying was widespread, as global equities melted down on the back of rising virus cases in much of Europe, the lack of progress on U.S. stimulus, […]
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XE Market Analysis: Europe – Sep 22, 2020
The dollar and yen have remained firm but mostly off Monday’s highs. The Australian dollar has been the only mover of note out of the main currencies we track, falling to new lows after RBA deputy governor Debelle said that the central bank is watching the currency “carefully” and that forex intervention is a policy […]
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XE Market Analysis: North America – Sep 22, 2020
The dollar and yen have remained firm versus most other currencies. Stock markets managed to rebound in Europe after another negative session in Asia, while S&P 500 minis pared overnight losses. EUR-USD printed a seven-week low at 1.1720, and the prevailing bias looks likely to remain bearish. Aside from market participants have on net re-discovered […]
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USD/JPY IG Client Sentiment: Our data shows traders are now at their most net-long USD/JPY since Mar 08 when USD/JPY traded near 103.93.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.
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FTSE 100 Technical Outlook – Support at Risk, March Retest Could Be In the Works
The FTSE is probing near the bottom of a solid channel structure; a break of the pattern could see selling accelerate.
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Australian Dollar Forecast: AUD/USD Plummets, Can Bulls Back the Bid?
Australian Dollar losses continue to mount with Aussie testing the September range lows today. Here are the levels that matter on the AUD/USD technical charts.
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Covid-19: Recoveries outstrip infections in latest 24-hour period
KUALA LUMPUR (Sept 22): Malaysia’s Covid-19 recoveries in the 24 hours as of noon today totalled 168, more than double the 82 new infections. The health…
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Scepticism over Ho Wah Genting’s healthcare move
LOSS-MAKING Ho Wah Genting Bhd (HWGB), which has been searching for a core income-generating business for some time, may have finally found one in the…
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Property market's 1H performance down y-o-y, to remain sluggish till year end — deputy finance minister
PUTRAJAYA (Sept 22): The property market’s performance, as measured by the volume and value of transactions, declined year-on-year in the first half (H1) of 2020 in line…
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Malaysia mulls carbon tax on sustainability-linked investments
KUALA LUMPUR (Sept 22): Malaysia is considering to impose carbon tax on future investments related to sustainability in a bid to tackle climate change, said…
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Sabah polls: PBS and STAR agree to truce for four seats — PN sec-gen
KOTA KINABALU (Sept 22): PBS has decided to withdraw from the Tambunan and Bingkor seats and throw its support behind Perikatan Nasional (PN) candidates from STAR…
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When glove party ends, not just shareholders get burnt
AS the overbought glove sector extended its sell-off from last month, investors — particularly those sitting on profit — joined the selling, which further fuelled…