News
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Canadian Dollar Forecast: Turns Coming in CAD/JPY & USD/CAD?
After five consecutive months of gains, the Canadian Dollar has struggled through the first half of September.
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US Dollar Technical Outlook: USD/SGD, USD/MYR, USD/IDR, USD/PHP
The US Dollar may rise against the Singapore Dollar and Philippine Peso. USD/MYR’s downtrend holds, but a bullish pattern brews. USD/IDR seems stuck between key technical levels.
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Euro Technical Outlook: EUR/USD Vulnerable at Yearly Trend Resistance
A multi-month rally faltered at uptrend resistance this month and leaves the broader advance vulnerable. Here are the levels that matter on the EUR/USD weekly chart.
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FBMKLCI finishes lower in line with regional indices following US Fed decision
KUALA LUMPUR (Sept 17): The FBMKLCI finished 1.19% or 18.21 points lower today at 1,513.07 points, in line with declines seen among other regional indices…
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TNB acquires controlling stake in UK solar assets from Egypt's EFG-Hermes
ABU DHABI (Sept 17): Egyptian investment bank EFG-Hermes Holding Co has sold a controlling stake in a UK solar-energy portfolio to a Malaysian utility in…
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Top Glove eyes Hong Kong listing
KUALA LUMPUR (Sept 17): Top Glove Corp Bhd is planning a listing in Hong Kong by 2021 to enhance the rubber glove manufacturer’s investor reach…
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Uber to seek partial sale of US$6.3b Didi stake
(Sept 17): Uber Technologies Inc is seeking to sell part of its US$6.3 billion stake in China’s Didi Chuxing, as it begins to shed minority…
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Covid-19: Malaysia reports 21 new cases, one new cluster in Sabah
KUALA LUMPUR (Sept 17): Malaysia today reported 21 new Covid-19 cases — of which five were imported and 16 were local transmissions — bringing the…
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MACC solicitors looking into US DoJ action in UK that seeks to recover US$300m more in 1MDB assets
KUALA LUMPUR (Sept 17): Solicitors representing the Malaysian Anti Corruption Commission is currently looking into reports that the United States Department of Justice is seeking…
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Muhyiddin: Choose Sabah government that is aligned with federal government
KUALA PENYU (Sept 17): With nine more days for polling in the Sabah state election, Prime Minister Tan Sri Muhyiddin Yassin today called on all…
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Profit-taking pulls Top Glove down 12% from day’s high despite best-ever quarterly results
KUALA LUMPUR (Sept 17): Buying interest in Top Glove Corp Bhd appears to have evaporated after the group announced its best-ever quarterly net profit of…
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EVENING 5: Five things you need to know today
EVENING 5: World Bank’s IFC warns of financial crisis Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. The…
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WHO says safety comes first as over 170 nations join Covid-19 vaccine plan
SINGAPORE (Sept 17): The World Health Organisation said that more than 170 countries had joined its global plan to distribute vaccines fairly around the world,…
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XE Market Analysis: Asia – Sep 15, 2020
The Dollar headed mostly higher through the N.Y. morning session on Tuesday, after fading through the overnight session. Decent U.S. data helped sentiment, as the Empire State index rose more than expected. The 0.4% industrial production gain was smaller than expected, but it followed big upward revisions that left August levels that were just modestly […]
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XE Market Analysis: Europe – Sep 16, 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 16, 2020
The dollar has been trading softer into the FOMC announcement. EUR-USD rallied by just over 50 pips from the intraday low in posting a high at 1.1882, nearing yesterday’s six-day peak. Dollar weakness has been facilitated by relatively strong gains (0.5%, give or take) in Cable and AUD-USD. Regarding the FOMC, no changes are expected […]
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