News
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EUR/USD Weekly Technical Forecast: Euro Breakdown a Fake-out?
The Euro broke support on Thursday with the help of the ECB but was reversed on Friday casting a shadow on the bear-flag breakdown.
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Technical Outlook: S&P 500 Trendline Resistance in Focus, FTSE MIB Breaks Double Top
Descending trendline to spark inflection point for S&P 500, while FTSE MIB raises scope of pullback
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Weekly Technical Forecast: Equities Continue to Drive Higher as the Dollar Slides
While broad ranges carved out by markets over the previous three months are still standing, a rise in volatility raises the stakes and probability of significant technical breaks in the coming weeks. With the Dow pushing deeper into its recovery, crude oil extending its reversal pattern and GBPUSD clearing its 200-day moving average; momentum may […]
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Indonesia palm oil tycoon who built US$9b empire dies
JAKARTA (Jan 27): Eka Tjipta Widjaja, who became a coconut and palm-oil trader at the age of 15 before building a multi-billion dollar empire with…
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Ex-Malakoff project director Abdul Yazid Kassim is new MRT Corp CEO
KUALA LUMPUR (Jan 27): Abdul Yazid Kassim, a former project director of Malakoff Corp Bhd, will take over as the new chief executive officer of…
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Crude Oil Forecast: Sharp Rebound Appears Set To Continue
The crude oil price has risen nearly 30% from the late December low, and the pace of the jump with the volatile fundamental background may continue to support further gains toward the lower $60s.
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Sterling (GBP) Weekly Technical Outlook: Preparing For Further Upside?
A good week for Sterling bulls with gains across most GBP-FX pairs. The technical outlook remains positive despite the light sell-off into the weekend.
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Dollar Ends Week With Its Worst Drop in 4 Months, Still Not a Break
The Dollar was shaken out of its stasis at the end of the past week with a sharp rally on Thursday and larger tumble Friday. Despite the late fireworks, a broader range still holds. Will we finally break free this week?
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Gold Weekly Technical Outlook: Price Rally Testing Trend Resistance
Gold is testing critical down-trend resistance and we’re looking to validate a possible breakout. Here are the levels that matter on the XAU/USD weekly chart.
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Voting for the Cameron Highlands Parliamentary seat proceeds smoothly in cool weather
TANAH RATA (Jan 26): Voting for the P078 Cameron Highlands by-election began at 8am today. Though the temperature was at 15 degrees Celsius in Brinchang,…
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What Is Can-One's Endgame?
KUALA LUMPUR: It has been seven years since Can-One Bhd surfaced as the major shareholder of Kian Joo Can Factory Bhd, but the bad blood…
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Trump wounded by border wall retreat in deal to end shutdown
WASHINGTON (Jan 26): President Donald Trump, who famously vowed to negotiate big deals in the White House, came out of a government shutdown battle on…
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ECRL contract with CCCC cancelled over RM500m interest cost — Azmin
KUALA LUMPUR (Jan 26): The government has finalised the cancellation of the East Coast Rail Link (ECRL) contract with China Communications Construction Company (CCCC) at…
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EC orders Manogaran out of polling station over shirt with party logo
TANAH RATA (Jan 26): The Election Commission (EC) today ordered Pakatan Harapan (PH) candidate M. Manogaran to leave a polling station during polling today in…
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Cameron Highlands by-election: BN in the lead
TANAH RATA (Jan 26): Unofficial results have it that Barisan Nasional is in the lead. Polling ended at 5.30pm. The Election Commission announced that the voter…