The Dollar has been trading steady-to-firmer so far today. EUR-USD has been holding below the two-week high seen yesterday at 1.1361, and USD-JPY lifted to a two-day high at 111.69. AUD-USD took a spill, concurrently with a 4%-plus tumble in iron ore prices (sparked by news of the reopening of a major mining operation in […]
The Dollar has traded steady-to-firmer so far today. EUR-USD has been holding below the two-week high seen yesterday at 1.1361, and USD-JPY lifted to a two-day high at 111.69 in Tokyo before settling slightly lower. AUD-USD saw some volatility, dipping in Sydney trading concurrently with a 4%-plus tumble in iron ore prices (sparked by news […]
OVERVIEW The Dollar Index is trading flat ahead of this afternoon’s FOMC announcement GBP/USD returned in negative territory after inflation rose slightly and investors wait to see if EU leaders agree to extend the Brexit calendar NYMEX WTI waits for EIA inventory data to make the next move and is trading at $58.70 a barrel.
The dollar fell following the FOMC announcement, where rates were left unchanged as expected. The dot-plot signaled no further rate increases this year, and one 25 basis point rise in 2020. The Fed revised 2019 inflation lower, and said it will end its balance sheet reduction in October. EUR-USD spiked over 1.1440 from 1.1355, while […]
The Dollar has settled to a consolidation of recent declines into the FOMC. EUR-USD has settled below the two-week high seen yesterday at 1.1358. The high was a product of the Dollar’s underlying softening bias amid expectations for the Fed to trim inflation forecasts and lower dot plots, and following last week’s surprising benign inflation […]
OVERVIEW The greenback is trading relatively lower against the G-10 currencies ahead of Fed announcement GBP/USD is trading higher after reports show the UK’s unemployment rate down to a four-decade low NYMEX WTI approached the $60 psychological level as OPEC looking to rebalance the market
The Dollar was range bound in N.Y. trade on Tuesday, as market participants largely sat on the sidelines ahead of Wednesday’ FOMC announcement. The USD had been under some pressure over the past few sessions, as traders priced in a dovish leaning announcement from the Fed. Risk could be skewed to the upside for the […]
KUALA LUMPUR (March 19): Tun Dr Mahathir Mohamad said the Pakatan Harapan-led government spent a good part of its first year to plug the “almost…
KUALA LUMPUR (March 19): The government will continue to attract high value-added, high technology and knowledge-intensive investments within the manufacturing sector to complete the value…
KUALA LUMPUR (March 19): The FBM KLCI retreated at the midday break today as investor sentiment turned tepid and most indices fell. At 12.30pm, the FBM…
KUALA LUMPUR (March 19): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s noon market break today. It showed two with positive momentum and nine…
KUALA LUMPUR (March 19): Hong Leong Investment Bank Bhd downgraded its Dayang Enterprise Holdings Bhd share recommendation to sell from buy on the belief that…
The Dollar has traded moderately softer as London interbank participants take to their desks. The narrow trade-weighted USD index has dipped to a three-session low of 96.44, nearing last week’s two-week low at 96.39. EUR-USD has concurrently been trading buoyantly, although has so far remained checked by last week’s two-week peak at 1.1344. Cable has […]
The Dollar has traded mostly weaker, outside the case against the Pound, as the UK currency underperformed ahead of what is the most crucial week so far in the Brexit process. Cable ebbed under 1.3250, receding by about 50 pips from Friday’s closing levels, though remained up by 0.8% from week-ago levels. The British Chambers […]
KUALA LUMPUR (March 19): With the implementation of reforms to ensure a clean government, Finance Minister Lim Guan Eng is “100% confident” that the Pakatan…
KUALA LUMPUR (March 19): Scientex Bhd’s net profit in the second quarter ended Jan 31, 2019 (2QFY19) grew 8.5% to RM73.75 million from RM67.98 million…
OVERVIEW The greenback is trading lower against most major currencies, and the DXY Index is down by 0.1% GBP/USD is in negative territory as MPs prepare a new vote before seeking extensions of Article 50. NYMEX WTI firms 20 cents to trade $58.60 a barrel, remaining near four-month high. HIGHLIGHT
The dollar had been on the decline into the N.Y. open on Monday, though later perked up some on renewed trade tensions, when it was announced that the proposed meeting between Trump and Xi could be pushed back to June. The DXY rallied from 96.38 lows into the open, later peaking at 96.63. EUR-USD fell […]
KUALA LUMPUR (March 19): PLS Plantations Bhd executive chairman Tan Sri Lim Kang Hoo said today the company expects to return to profitability in financial…
KUALA LUMPUR (March 19): Ex-Goldman Sachs banker linked to the 1Malaysia Development Bhd scandal, Roger Ng, is attempting a second bite of the cherry by…
(Mar 19): Tencent Holdings Ltd is putting about 10 percent of its managers on notice, as China’s largest gaming and social media company shakes up…
KUALA LUMPUR (March 18): The FBM KLCI pared some of its gains but remained 0.38% up at the midday break, in line with the rise…
KUALA LUMPUR (March 18): theedgemarkets.com highlighted 14 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and 12…
PUTRAJAYA (March 18): Attorney General Tommy Thomas denied that there was a breach of natural justice on former premier Datuk Seri Najib Abdul Razak, as…
BEIJING (Mar 18): Authorities in China have arrested almost 13,000 “terrorists” in the restive far western region of Xinjiang since 2014, the government said on…
KUALA LUMPUR (March 18): Members of Parliament’s Public Accounts Committee (PAC) will meet within this week to discuss the necessity of appointing a new chairman…
PUTRAJAYA (March 18): Finance Minister Lim Guan Eng said today the Malaysian government will seriously consider future issuance of yen-denominated or Samurai bonds if the…
KUALA LUMPUR (March 18): The Attorney General’s Chambers (AGC) today denied that it did not have any documents prior to its decision to charge the…