AirAsia plans flights to Vietnam’s Mekong Delta city of Can Tho
HO CHI MINH CITY (Feb 22): AirAsia plans to start services between Kuala Lumpur and Can Tho city from April 8 with four flights per…
News
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USD/SGD, USD/MYR May Turn Higher as USD/IDR, USD/PHP Eye Support
The US Dollar may be readying to turn higher against the Singapore Dollar. Declines in USD/MYR may be undermined by fading downside momentum. USD/IDR and USD/PHP eye familiar support.
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DAX 30 & CAC 40 Charts: Resistance, Relative Weakness Remain Headwinds
The DAX is lagging behind other major global indices, both it and the CAC face resistance hurdles as the world’s largest and strongest market could soon come under pressure.
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Dow Marches to 26k as 2019 Rally Continues
US equities have continued to recover from the Q4 sell-off, and the Dow Jones Industrial Average is making a move back-towards the 26k psychological level.
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GBPUSD: Cable Pulls Back From Fibonacci Resistance After FOMC Minutes
GBPUSD tested above 1.3100 earlier after a strong four-day push, but with USD strength showing up and a very uncertain backdrop around Brexit – can bulls maintain?
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XE Market Analysis: Europe – Feb 20, 2019
The Dollar has traded mostly firmer against the other main currencies, though lost ground to the Yuan and other Asian currencies after a Bloomberg report yesterday suggested that the U.S. is set on securing a pledge from China that it will not devalue its currency as part of a trade deal. China’s foreign ministry says […]
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XE Market Analysis: North America – Feb 20, 2019
The Dollar has put in a mixed performance, eking out a three-session high versus the Yen while posting losses against the Yuan and other Asian currencies — a five-year low in the case of the Thai Baht — and the Euro. EUR-USD posted a two-week high at 1.1358. The high was a reflection of dollar […]
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XE Market Analysis: Currency Market is Subdued, Investors Seek Guidance from the FOMC Minutes
OVERVIEW The US dollar bounces back after yesterday’s freefall and waits for the FOMC’s meeting minutes Investors are also hoping for a real breakthrough in Brexit talks as the UK PM meets with EC President NYMEX WTI Crude consolidates around a 12-week high, near $55.50.
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XE Market Analysis: Asia – Feb 20, 2019
The dollar ticked higher after the release of the FOMC minutes, EUR-USD faded under 1.1340 from 1.1370, while USD-JPY rallied over 110.80 from near 110.65. The minutes revealed few surprises, and the FX reaction appeared to be a bit of “buy the news” for the Dollar. The Greenback had been under pressure through the morning […]
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Goldman Sachs Plaintiffs Vie for Lead Role in 1MDB Group Suit
(Feb 21): Five law firms are vying to take control of litigation against Goldman Sachs Group Inc. over the 1MDB scandal, asking a judge to…
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Trump Says Kim Must Do Something `Meaningful' to End Sanctions
(Feb 21): Donald Trump said Kim Jong Un must do something “meaningful” to escape U.S. sanctions on his country, in comments ahead of the president’s…
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Fed Eyes Ending Asset Runoff in 2019 Amid Clouded Rate Path
(Feb 21): Federal Reserve officials widely favored ending the runoff of the central bank’s balance sheet this year while expressing uncertainty over whether they would…
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Samsung Launches $1,980 Galaxy Fold Phone That Turns Into Tablet
(Feb 21): Samsung Electronics Co. unveiled a $1,980 smartphone with a foldable screen, a dramatic shift in the mass market for phones. The device has a 4.6-inch…
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May Races to Escape Brexit Impasse After Tory Defections
(Feb 21): U.K. Prime Minister Theresa May is racing to find a way out of the Brexit impasse amid mounting evidence that an agreement is…
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Housing ministry launches scheme to aid first-time homebuyers
SEMENYIH: The housing and local government ministry has launched the FundMyHome+DepositKu scheme, further easing the burden for first-time homebuyers who purchase property via EdgeProp Sdn…
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KLCI drifts lower as Public Bank and Top Glove weigh
KUALA LUMPUR (Feb 21): The FBM KLCI drifted lower in early trade this morning against the backdrop of mixed regional markets, weighed by index-linked Public…
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KLCI dips 0.31% on profit taking, stays firmly above 1,700 level
KUALA LUMPUR (Feb 21): The FBM KLCI dipped 0.31% but remained firmly above the 1,700-point level at mid-morning today, as profit taking on select blue…
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Dr Mahathir says US-China trade tension already impacts Malaysia
KUALA LUMPUR (Feb 21): Malaysia is no exception as the trade tension between US and China impacts economic growth in Southeast Asia, Prime Minister Tun…
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Hafarizam claims trial to two money laundering charges amounting to RM15m
KUALA LUMPUR (Feb 21): Lawyer Datuk Hafarizam Harun had today claimed trial to two money laundering charges amounting to RM15 million. At the Kuala Lumpur Sessions…
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S&P 500, Dow, and Nasdaq 100 Charts: On to the Next Big Levels of Resistance
The impressive v-bottom rally in the U.S. indices continues to trek onward, with another major set of levels in sight.
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EUR/USD: Sentiment Suggests a Mixed Bias
Recent changes in sentiment warn that the current EURUSD price trend may soon reverse higher despite the fact traders remain net-long.
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GBPUSD: 60% of Traders Are Net-Long
Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.
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S&P 500 : Traders Net-Short Are 63.3% Higher from Last Week
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.
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USDJPY: 48.7% of Traders Are Net-Long
Recent changes in sentiment warn that the current USDJPY price trend may soon reverse lower despite the fact traders remain net-short.
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Gold: 70.6% of Traders Are Net-Long
The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.
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Japanese Yen Technical Analysis: USD/JPY Breaks Range Top
The Japanese Yen has succumbed to a bout of weakness against the US Dollar with the break of the pair’s old trading range.
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XE Market Analysis: Europe – Feb 19, 2019
USD-JPY edged out a fresh high, at 110.71, which is the loftiest level seen since Friday, in what has been directionally-limited trading in forex and global equity markets so far today. The MSCI Asia-Pacific (ex-Japan) stock index is fractionally lower, although near the four-month highs seen last Wednesday. Market participants are waiting for clarity on […]
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XE Market Analysis: North America – Feb 19, 2019
The dollar majors have continued to trade relatively steadily. USD-JPY edged out a high at 110.81, which is the loftiest level seen since Friday, while EUR-USD has been narrowly orbiting 1.1300, consolidating after rebounding from Friday’s three-month at 1.1234. The euro has turned lower in the latest phase, which follows a batch of dovish-leaving ECB […]