News
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Australian Dollar Forecast: AUD/USD May be Setting Stage for Reversal
It was a quiet week in Aussie as AUD/USD put in its second consecutive week of indecision. But taking a more granular look highlights the potential for a reversal scenario.
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Oil Price Outlook: Crude Recovery Vulnerable below Trend Resistance
Oil prices saw a reprieve to the recent selling pressure but remain at risk while below downtrend resistance. Here are the levels that matter on the WTI technical chart.
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US Dollar Outlook: DXY Still Struggling to Rise From Big Support
The Dollar has bottoming potential, but that is starting to lose weight as it fails to sustain any lift; next week could be a big one for USD’s near-term outlook.
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XAU/USD Forecast: Gold Price Aims Higher as Pressure Builds
Gold price action has lacked conviction for a breakout from its recent consolidation, but upward pressure building along the 50-day moving average has potential to send XAU/USD snapping higher.
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Trump to shut off TikTok, WeChat to new US users on Sunday
WASHINGTON (Sept 18): The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans…
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Trump expects to have Covid-19 vaccine for every American by April
WASHINGTON (Sept 18): President Donald Trump said on Friday he expects to have available enough doses of a coronavirus vaccine for every American by April. “Hundreds of…
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SSM offers 90% compound reduction until Dec 31
KUALA LUMPUR (Sept 19): The Companies Commission of Malaysia (SSM) is offering 90 per cent reduction from the original compound value for applications to strike off the…
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MACC arrests ex-Armed Forces officer, company director over claims linked to RM800m Sarawak road project
KUALA LUMPUR (Sept 19): The Malaysian Anti-Corruption Commission (MACC) has detained two people, including a former senior officer of the Malaysian Armed Forces who holds a…
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Covid-19: Malaysia reports 20 new cases, one death and new Bakau cluster
KUALA LUMPUR (Sept 19): Malaysia reported 20 new Covid-19 cases today, with one new fatality in the country, as at noon today. This raised the total number…
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Controlling shareholder TS Wong mops up more shares in MyEG
KUALA LUMPUR (Sept 19): Wong Thean Soon, better known as TS Wong, bought an additional 1.31 million shares in MyEG Services Bhd yesterday, according to the…
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EPF records RM15.12b gross investment income for 2Q20, up 24.3% q-o-q
KUALA LUMPUR (Sept 19): The Employees Provident Fund (EPF) reported a gross investment income of RM15.12 billion for the second quarter ended June 30, 2020…
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Ginsburg’s death reshapes US presidential campaign in final weeks
(Sept 19): Justice Ruth Bader Ginsburg’s death thrust the Supreme Court into the center of the presidential race just six weeks before Election Day, reshaping the…
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Malaysia to join COVAX vaccine plan
PUTRAJAYA (Sept 19): Malaysia will be joining 172 countries to participate in the COVID-19 vaccine global access (COVAX) to obtain access to the supply of COVID-19 vaccine, said the Ministry of…
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Sabah election: Hajiji denies being puppet of Musa Aman
TUARAN (Sept 19): Sabah Bersatu chief Datuk Hajiji Noor has rubbished allegations that he is a puppet of former chief minister Tan Sri Musa Aman. He said…
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XE Market Analysis: Asia – Sep 17, 2020
Dollar gains seen following the FOMC on Wednesday, and through the overnight Asian session evaporated during London morning trade and through the N.Y. session on Thursday. The DXY stood at about 93.10 just ahead of the Fed, rallied to 93.58 in Asia, later bottoming at 93.06 in N.Y.. Mediocre U.S. data weighed some, as housing […]
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XE Market Analysis: Europe – Sep 18, 2020
The dollar has scraped out a two-day low at 92.82 in the narrow trade-weighted (DXY) index, with EUR-USD concurrently pegging a two-day high at 1.1862, gaining quite sharply from yesterday’s five-week low at 1.1737. A steadying in stock markets today has seen the dollar ebb back, after finding safe haven demand during the worst of […]
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XE Market Analysis: North America – Sep 18, 2020
The dollar and more especially the yen lifted during the London morning session. EUR-USD dropped back to the lower 1.1800s after pegging a two-day high at 1.1862. Yesterday’s five-week low is at 1.1737. A combo of EUR-JPY selling and broader dollar buying facilitated the decline in EUR-USD, which came amid a backdrop of flagging global […]
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