News
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Gold: Net-Long Positions Increase from Yesterday
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.
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ASX 200 Technical Analysis: Range Break Could Come Quite Soon
The ASX 200 has settled into a broad, familiar range following the downside break of its dominant uptrend channel. This week is replete with fundamental events that could consign that range to history
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XE Market Analysis: Europe – Jan 29, 2019
The Dollar has traded softer versus the Euro and Yen, while holding near net unchanged levels versus Sterling and the Dollar bloc currencies. EUR-USD to a two-week low at 1.1443, extending the rebound from last week’s six-week low at 1.1289. Most Euro crosses are also up, with EUR-CHF carving out a six-week high, and EUR-GBP […]
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XE Market Analysis: North America – Jan 29, 2019
The Dollar majors have seen little net direction, with forex markets in an noncommittal state ahead of U.S.-China trade talks, due today and tomorrow, which carries potential to directionally impact global markets. EUR-USD corrected out of a two-week high at 1.1450, which extended the rebound from last week’s six-week low at 1.1289. Most Euro crosses […]
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XE Market Analysis: Sterling Wears the Crown for Best Performing G-10 Currency
OVERVIEW The US Dollar Index halts a three-day freefall ahead of FOMC announcement GBP/USD oscillates around the mid-point of 1.31 as MPs gather to debate Brexit Plan B before tonight’s critical vote NYMEX WTI Crude is up 2.40% after the Trump administration imposes sanctions on Venezuela HIGHLIGHT
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XE Market Analysis: Asia – Jan 29, 2019
The Dollar was quite steady through the N.Y. session on Tuesday, ticking down slightly after a much weaker U.S. consumer confidence print, though holding its own over all. EUR-USD dipped to 1.1411 from 1.1445 into the open, while USD-JPY peaked at 109.54 early, before slipping to 109.28 lows. USD-CAD bottomed at 1.3242, then drifted up […]
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China to offer some subsidies on cars, appliances to lift weak demand
BEIJING (Jan 29): China on Tuesday unveiled a flurry of measures aimed at spurring sales of items ranging from cars and appliances to information services,…
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Komarkcorp, JAG, Vsolar, Mega First, Xin Hwa
KUALA LUMPUR (Jan 29): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. One showed positive momentum while four had negative…
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LPI Capital 4Q net profit rises 1.2%, declares 42 sen dividend
KUALA LUMPUR (Jan 29): LPI Capital Bhd’s net profit for the fourth quarter ended Dec 31, 2018 rose 1.2% to RM84 million from RM83 million…
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Sime Darby Plantation inks palm oil collaboration with SALCRA
KUALA LUMPUR (Jan 29): Sime Darby Plantation Bhd (SDP) and Sarawak Land Consolidation and Rehabilitation Authority (SALCRA) have signed a memorandum of understanding (MoU) today…
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CIMB completes Asean expansion with Philippine digital bank
MANILA (Jan 29): CIMB opens in the Philippines as an all-digital bank, the first of its kind for the group as it looks to expand…
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Sapura Energy shares down at record low as rights securities start trading
KUALA LUMPUR (Jan 29): Sapura Energy Bhd’s share price fell as much as 1.5 sen or 5.26% today to a record low at 27 sen…
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KLCI down amid trade talks uncertainty; Sapura Energy at record low
KUALA LUMPUR (Jan 29): The FBM KLCI closed down 7.09 points or 0.42% at 1,690.41 today after US shares fell overnight on Monday and as…
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Rapper fights US forfeiture complaint over 1MDB
KUALA LUMPUR (Jan 29): American rapper Pras, who is a founding member of 1990s hip hop group The Fugees, is fighting the US Government over…
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Genting, LPI, Axiata, DRB-Hicom, Eita, Comfort Gloves, Sunway, Pavilion REIT, Uzma and CMMT
KUALA LUMPUR (Jan 29): Based on corporate announcements and news flow today, companies in focus on Wednesday (Jan 30) may include: Genting Bhd, LPI Capital…
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Dr M on ECRL project: 'We are still negotiating'
PETALING JAYA (Jan 29): Prime Minister Tun Dr Mahathir Mohamad said no final decision has been made on the East Coast Rail Link (ECRL) project. “At…
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