Genting Malaysia injects another RM635m into Empire Resorts
KUALA LUMPUR (Sept 11): Genting Malaysia Bhd (GENM) said it is injecting another US$150 million (RM625 million) cash into loss-making Empire Resorts Inc. This comes barely…
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XE Market Analysis: Asia – Sep 09, 2020
The DXY pulled back in N.Y. trade on Wednesday, after printing a one-month high of 93.65 ahead of the open. The index bottomed at 93.15 in late morning trade. Wall Street rallied sharply, with tech sector buying leading the charge, as investors were quick to step back in after the NASDAQ corrected 10% over the […]
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XE Market Analysis: Europe – Sep 10, 2020
The dollar has been on the ebb, inversely correlating with the strong rebound on Wall Street yesterday, which spilled over to most Asian stock markets today. The USD index (DXY) drifted to a two-day low at 93.07, while EUR-USD etched out a three-day high at 1.1836, extending the rebound from yesterday’s one-month low at 1.1753. […]
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XE Market Analysis: North America – Sep 10, 2020
The dollar has been on the ebb, inversely correlating with the strong rebound on Wall Street yesterday, which spilled over to most Asian stock markets today. The USD index (DXY) drifted to a two-day low at 93.02, while EUR-USD etched out a three-day high at 1.1846, extending the rebound from yesterday’s one-month low at 1.1753. […]
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US Dollar Reversal Taking Shape? USD/SGD, USD/MYR, USD/PHP, USD/IDR
The US Dollar is trying to reverse higher against ASEAN FX. USD/SGD, USD/MYR and USD/PHP have closed above key falling trend lines. Will USD/IDR follow higher?
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USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Jul 07, 2020 when USD/JPY traded near 107.55.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.
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FTSE 100 Technical Analysis: Stuck in Channel, Waiting on Actionable Price Action
The FTSE is generally holding lower but is still handing onto one line of support; wouldn’t take much to push the index over the edge though.
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Zuraida: No vacancy tax on unsold high-end units
NEWS: No vacancy tax next year KUALA LUMPUR (Sept 10): The widely debated Vacancy Tax on unsold high-end properties will likely not be imposed next year…
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Submissions on admissibility of ex-1MDB CEO’s witness statement to continue today
KUALA LUMPUR (Sept 10): The 1MDB-Tanore trial resumes this afternoon with the admissibility of former 1Malaysia Development Bhd (1MDB) chief executive officer Mohd Hazem Abdul…
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Warisan picks ex-MITI minister Leiking, not former CJ Malanjum as rumoured, to contest in Sabah election
KUALA LUMPUR (Sept 10): Parti Warisan Sabah has announced that former international trade and industry minister Datuk Darell Leiking will be contesting the Moyog state seat…
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China vaccine front runner says shots safe amid AstraZeneca setback
(Sept 10): China National Biotec Group Co. said none of the recipients of its two coronavirus shots has reported an obvious adverse reaction or infection,…
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BNM maintains OPR at 1.75% as global economy continues to improve
KUALA LUMPUR (Sept 10): Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the overnight policy rate (OPR) at 1.75%, with the…
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COVID-19: Malaysia reports 45 new cases today, including 40 from Benteng Lahad Datu cluster
KUALA LUMPUR (Sept 10): Malaysia recorded 45 new COVID-19 cases today — almost double the 24 cases reported yesterday — and most of the new…
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KLCI slips on glove counters sell-off, OPR surprise
KUALA LUMPUR (Sept 10): The FBM KLCI slid 0.44%, dragged by glove makers’ continued sell-off, while Malaysian shares drifted lower as investors digested Bank Negara…
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AstraZeneca should know by year end whether vaccine works if trials restart, says chief executive
ZURICH/FRANKFURT (Sept 10): AstraZeneca should still know before the end of the year whether its experimental vaccine protects people against COVID-19, the drugmaker’s chief executive Pascal…
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EVENING 5: Five things you need to know today
EVENING 5: BNM maintains OPR amid recovery Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. Bank Negara keeps the…
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Top Glove forks out nearly RM100m for share buy-backs
KUALA LUMPUR (Sept 10): Top Glove Corp Bhd spent nearly RM100 million on share buy-backs today. In a bourse filing, the rubber glove maker said it…
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XE Market Analysis: Asia – Sep 08, 2020
The DXY hit near three-week highs of 93.47 in N.Y. morning trade, up from overnight lows of 93.00. Another risk-off session kept pressure on the risk-sensitive USD-JPY, though the USD remained firm versus the other major currencies. There was nothing in the way of data to drive markets, as another sharp day of declines on […]