OVERVIEW GBP is climbing towards $1.30 today after UK labour market data showed earnings growth numbers which are the strongest they’ve been since 2008. Big week for central bank announcements this week with Fed minutes out tomorrow, Bank of Canada Governor Stephen Poloz to give a speech Thursday, RBA Governor Philip Lowe speaks in Australian […]
The Dollar index fell to nearly two-week lows in N.Y. on Tuesday, bottoming at 96.43, a d down from pre-open highs of 97.09. A dovish spin from Fed’s Mester, softer Treasury yields, and a fairly steady risk backdrop weighed down the Greenback. Aside from upbeat housing data, the economic calendar was empty, giving markets little […]
NEW YORK (Feb 20): U.S. stocks gained ground on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level U.S.-China trade talks resumed in…
NEW YORK (Feb 20): Oil prices were mixed on Tuesday as concerns about global crude oil demand and uncertainty over the latest round of U.S.-China…
SYDNEY/NEW YORK (Feb 20): Asian stocks looked set to climb after strong earnings sentiment helped boost U.S. equities, while lingering trade concerns lifted Treasuries. The…
KUALA LUMPUR: The government’s goal of building one million affordable and low-cost houses within 10 years is a realistic plan and not just a populist…
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KUALA LUMPUR (Feb 20): Persatuan Patriot Kebangsaan (National Patriot Association), which comprises Malaysian military and police veterans, had today urged the police and Malaysian Anti-Corruption…
KUALA LUMPUR (Feb 20): The FBM KLCI opened higher today after US stocks climbed overnight on Tuesday as investors closely watch China-US trade talks. At 9am…
KUALA LUMPUR (Feb 20): Malaysian prosecutors are expected to file money laundering charges today against Paul Stadlen, who was a media advisor to former prime…
MADRID (Feb 20): A Repsol-led consortium, in which Petronas holds a 45% stake, has found new gas resources in Indonesia estimated at at least 2…
KUALA LUMPUR (Feb 20): Shares in Hibiscus Petroleum Bhd rose after the company reported yesterday that its quarterly profit more than quadrupled, on additional contribution…
There was a broad advance in the run of speculative-leaning equities, commodities and currencies this past week. The pace was uneven, but the progress was registered nonetheless. Yet, only now does the real technical commitment meet its test with Dollar eying 97.75, Dow looking towards 27,000 and crude crossing 55.50.
The ASX 200 remains in its dominant uptrend but that trendline is getting close and resistance remains in place. This could yet be consolidation rather than anything more worrying
The Yen traded softer amid a risk-on backdrop in Asian markets leading into the London interbank open. USD-JPY posted a two-session high at 110.59, while EUR-JPY and AUD-JPY also lifted into two-session high terrain. This was seen concurrently with the MSCI Asia-Pacific (ex-Japan) equity index rising by nearly 1%. Japan’s Nikkei 225 closed with a […]
A Dollar softening theme emerged during the London AM session, which saw EUR-USD and Cable post respective two-session highs at 1.1330 and 1.2938, and USD-JPY ebbed back come after printing a high at 110.61. Stock markets were near net unchanged in Europe, and S&P 500 futures were showing fractional losses, following a bullish session in […]
AUD-JPY has been the biggest mover in a day of directionally challenged markets, with North American markets absent and participants waiting on progress from the U.S.-China trade talks, which will resume for an extended second week in Washington after terminating in Beijing last week with “progress” but without resolution. AUD-JPY settled off highs, but with […]
KUALA LUMPUR (Feb 18): Based on corporate announcements and news flow today, stocks in focus for Tuesday (Feb 19) may include the following: Deleum Bhd,…
SINGAPORE (Feb 18): Singapore Finance Minister Heng Swee Keat delivered a budget that included more health-care and military spending, ahead of a general election that…
KUALA LUMPUR (Feb 19): The FBM KLCI is seen trending range bound today with immediate support at the 1,686-point level as domestic buying sentiment stays…
(Feb 19): Singapore Finance Minister Heng Swee Keat boosted health-care and military spending, gave tax rebates to citizens and tightened rules on foreign workers ahead…
(Feb 19): U.K. and European officials are working on a new legal text for the most contentious part of the Brexit deal, but time is…
(Feb 19): Asia’s dollar bond markets have staged a blistering rally this year, but for a group of borrowers that sit on the cusp of…
KUALA LUMPUR: China’s ambassador to Malaysia Bai Tian revealed that the China Construction Bank is proposing to issue Panda bonds in China to Malaysia to…
KUALA LUMPUR (Feb 19): The FBM KLCI ticked up marginally in early trade this morning, tracking regional markets, but gains were seen capped. At 9.05am, the…
KUALA LUMPUR (Feb 19): The FBM KLCI remained in positive zone at mid-morning today, tracking regional markets on expectations of progress in the China-US trade…
KUALA LUMPUR (Feb 19): Malaysia Airports Holdings Bhd (MAHB) said its suit against AirAsia over the latter’s refusal to implement its passenger service charge (PSC)…
The Euro flip-flopped last week as it tested important support, with character in price action showing signs of changing it may be on the cusp of developing meaningful downside momentum.