News
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S&P 500 Price Analysis: VIX Flops as Stocks Hold Weekly Lows
The S&P 500 Index just printed back-to-back declines following a disappointing Fed meeting, but dip buyers defended a key technical level, helping stocks close notably off session lows and pressuri…
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Euro Technical Forecast: EUR/USD, EUR/CHF, EUR/AUD, EUR/CAD
The Euro seems to have avoided a breakout lower against the US Dollar. This is as EUR/CHF faces converging trend lines. EUR/AUD may bounce, will EUR/CAD follow higher?
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EUR/JPY, AUD/JPY, USD/CAD, Gold – Charts for Next Week
Looking ahead to next week there are some interesting charts to watch across different markets.
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USD/MXN Technical Outlook Worsens as Yearly Highs Come into Play
The Peso isn’t weakening here with stocks, perhaps that continues perhaps not; watch USD/MXN technical merits for cues versus correlations.
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US Dollar Outlook: USD Grinds into Weekly Support – DXY Levels
The Dollar is off more than 0.35% this week with the index paring nearly half of the monthly recovery. Here are the levels that matter on the DXY weekly technical chart.
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British Pound (GBP) Weekly Outlook – GBP/USD and EUR/GBP Forecasts
Sterling remains trapped by overarching fundamentals drivers and both GBP/USD and EUR/GBP are going to have to wait until the Brexit dust settles.
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Malaysia August vehicle sales up 3% on-year but down 8% from July
KUALA LUMPUR (Sept 18): The Malaysian Automotive Association (MAA) said today the country’s August 2020 vehicle sales volume was 3% higher year-on-year at 52,800 units from…
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KLCI reverses gains at 11th hour as Nestle, banks drag
KUALA LUMPUR (Sept 18): The FBMKLCI bucked regional trend and closed 6.44 points or 0.43% lower today at 1,506.63, after an 11th-hour fall following a…
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Tony Fernandes quashes news on AirAsia Japan suspending flights
PETALING JAYA (Sept 18): AirAsia Group chief executive officer Tan Sri Tony Fernandes has quashed news that AirAsia Japan is to suspend all flights for…
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Vincent Tan: Berjaya Corp has no interest in Sea Gamer Mall
KUALA LUMPUR (Sept 18): Berjaya Corp Bhd founder and executive chairman Tan Sri Vincent Tan Chee Yioun said today that the diversified group has no…
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Malaysia's new Covid-19 cases climb to 95, with first new death in 16 days reported
KUALA LUMPUR (Sept 18): Malaysia’s new Covid-19 cases soared to 95 today — from 21 reported yesterday — with one new fatality in the country…
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Sapura Energy posts second consecutive quarterly net profit with RM23.7m for 2QFY21
KUALA LUMPUR (Sept 18): Sapura Energy Bhd posted a net profit of RM23.7 million for the second financial quarter ended July 31, 2020 (2QFY21), an increase…
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EVENING 5: Five things you need to know today
EVENING 5: Sapura Energy remains in the black Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. Sapura Energy…
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PNB to take Amanah Harta Tanah private at RM1 per unit
KUALA LUMPUR (Sept 18): Permodalan Nasional Bhd (PNB) intends to take Amanah Harta Tanah PNB (AHP) private via a selective unit redemption (SUR) exercise, in…
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Jack Ma's Ant Group wins Shanghai OK for launch of giant dual IPO
HONG KONG (Sept 18): China’s Ant Group has received approval from the Shanghai Stock Exchange for a domestic initial public offering, the bourse said on…
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Fed officials tussle over practical meaning of new inflation policy
WASHINGTON (Sept 18): Federal Reserve policymakers on Friday began fleshing out what their new tolerance for inflation will mean in practice, an issue critical to…
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XE Market Analysis: Asia – Sep 16, 2020
The dollar headed a bit lower, then reversed course higher following the FOMC announcement, where policy was unchanged, as expected, though moves were modest. USD-JPY dipped from 104.98 to 104.80, then headed to 105.08 highs, as EUR-USD bounced from 1.1830 to 1.1855 before heading to 1.1805 lows. The FOMC’s “dot plot” indicated rates on hold […]
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XE Market Analysis: Europe – Sep 17, 2020
EUR-USD edged out a five-day low at 1.1829, extending the retreat from yesterday’s 1.1901 six-day peak. Expectations for the Fed to present upward revisions to U.S. economic projections at the conclusion of the FOMC meeting today, along with recent signs that the ECB is concerned about the euro, or at least would be if rising […]
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XE Market Analysis: North America – Sep 17, 2020
The dollar and yen gained concurrently with tumbling global stocks and commodity prices. EUR-USD consequently dropped to a five-week low at 1.1737 ahead of the European open, subsequently rebounding to the 1.1800 area. USD-JPY printed a seven-week low at 104.68. EUR-JPY also clocked a fresh seven-week nadir at 123.31, while AUD-JPY hit an eight-day low. […]
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