Gold Price Forecast: XAU Holds Support as Monthly Gold Bar Goes Doji
Gold came into the month with a full head of steam. But buyers soon ran into a brick wall and price action reversed hard. But the past two weeks have seen digestion.
News
-
-
Australian Dollar Forecast: AUD/JPY, AUD/USD Breakout Ahead of September RBA Meeting
The two major AUD-crosses have started to poke their heads above key technical resistance.
-
Canadian Dollar Price Outlook: USD/CAD Downside Breakouts in Focus
The Canadian Dollar cleared key support barriers against the US Dollar on multiple chart time frames. Will USD/CAD extend losses and set course to reverse its trend from 2012?
-
DAX 30, CAC 40 Technical Outlook – Sell-off Around the Corner?
European indices are moving sideways, but the longer they fail to rally the more likely a fall in the fall becomes.
-
Indian, Indonesian and Philippine long-term pass holders barred from Sept 7
PUTRAJAYA (Sept 1): Malaysia will block the entry of long-term pass holders from India, Indonesia and the Philippines starting from Sept 7 due to the sharp…
-
GPA up 21% on possible emergence of new shareholder
KUALA LUMPUR (Sept 1): Shares of GPA Holdings Bhd rose as much as 21.43% or 4.5 sen today, continuing the uptrend last month on buying…
-
Borrowers asked to contact banks on moratorium status
KUALA LUMPUR (Sept 1): Individuals in need of financing repayment assistance need to respond immediately or go to their respective banks to confirm the extension…
-
KLCI slips 0.25% as market enters consolidation mode
KUALA LUMPUR (Sept 1): The FBM KLCI slipped 0.25% today as investors opted for selective rebalancing among their portfolios following the end of the results…
-
Ringgit ends at 7-month high as dollar continues to slip
KUALA LUMPUR (Sept 1): A broadly weaker US dollar and strong risk appetite have bolstered the ringgit to end at its highest level in seven…
-
Boustead denies management attempting to block LTAT's privatisation bid
KUALA LUMPUR (Sept 1): Boustead Holdings Bhd has today denied claims that it was attempting to block a proposed privatisation exercise of the company by…
-
Covid-19: Malaysia reports one death, 14 new cases
KUALA LUMPUR (Sept 1): Malaysia reported today one Covid-19-related death and 14 new cases related to the pandemic as at 5pm, according to the latest…
-
Shahrol signs ‘US$1b refinancing scheme’, but agreement says US$2b
Shahrol conceded that he never questioned the fundraising efforts, as he was no longer CEO at the time, but only sat on the 1MDB board…
-
EVENING 5: Five things you need to know today
EVENING 5: Malaysia bars pass holders from three countries Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. Malaysia will…
-
Rev Asia to acquire digital firm iMedia as part of regularisation plan
KUALA LUMPUR (Sept 1): Rev Asia Bhd said it will be acquiring iMedia Asia Sdn Bhd for RM10 million as part of its regularisation plan. This…
-
XE Market Analysis: Europe – Aug 31, 2020
The dollar posted fresh lows during the pre-Europe session in Asia-Pacific markets. The framework regime shift at the Fed, announced by Chairman Powell last week, effectively reaffirmed the dollar softening trend, concomitantly with shorter dated inflation-adjusted Treasury yields posting fresh lows. The yields on the 5- and 7-year real constant maturity Treasury notes were indicated […]
-
XE Market Analysis: North America – Aug 31, 2020
The dollar posted fresh trend lows against some currencies. The framework regime shift at the Fed, announced by Chairman Powell last week, effectively reaffirmed the dollar softening trend, concomitantly with shorter dated inflation-adjusted Treasury yields posting fresh lows. The yields on the 5- and 7-year real constant maturity Treasury notes were indicated on Friday at […]
-
South African Rand Outlook: USD/ZAR, GBP/ZAR and EUR/ZAR
Rand traders lie in wait as economic substance is needed for further directional bias.
-
GBP/USD Outlook: UK Subsidy Issue Reignites No-deal Brexit Concerns
The Pound Sterling has pulled back slightly after posting a yearly high against the US dollar on Friday. Can the Dollar weaken any further to aid the Sterling bull run?
-
FTSE 100 Technical Analysis: Rolling Over, May Sell Off Soon
The FTSE continues to trade very heavy and if risk appetite turns south then the index may be in trouble as fall rolls around.
-
GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Aug 24, 2020 13:00 GMT when GBP/JPY traded near 138.47.
Positioning is more net-long than yesterday but less net-long from last week. The combination of current sentiment and recent changes gives us a further mixed GBP/JPY trading bias.
-
Rukun Negara encapsulates Malaysia’s soul, spirit and national unity – King
KUALA LUMPUR (Aug 31): The Rukun Negara that was instituted 50 years ago as the basis of national unity and formation of the country, is…
-
Shocks in oil and gas industry weigh on financial performance
KUALA LUMPUR (Aug 31): The oil and gas industry is experiencing its third price collapse in 12 years but after the first two shocks, the…
-
BNM seen making final 25bps OPR cut as early as September — DBS
KUALA LUMPUR (Aug 31): Bank Negara Malaysia (BNM) is expected to make one final 25 basis point (bps) cut in the Overnight Policy Rate (OPR)…
-
Asian currencies gain on China data, Fed policy support
(Aug 31): Emerging Asian currencies rose on Monday as quickening growth in China’s services sector supported recovery prospects in the region and added to positive…
-
Special Report: Why high T20 numbers may have scant meaning
IN seeking equitable growth for all Malaysians, a lot of attention is understandably being paid to the bottom 40% of households (B40), which is deemed…
-
Brent hits 5-mth high on Abu Dhabi supply cuts, China data
SINGAPORE (Aug 31): Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies…
-
Glove mania lost steam in August as interest shifted to Covid-19 vaccine proxy
KUALA LUMPUR (Aug 31): The glove mania in Bursa Malaysia appears to be losing momentum in August although all the glove counters soared to all-time…
-
Covid-19: Malaysia reports one death, six new cases
KUALA LUMPUR (Aug 31): Malaysia reported today one Covid-19-related death and six new cases linked to the pandemic, Tan Sri Dr Noor Hisham Abdullah said…