News
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Crude Oil Forecast: Trading Higher Against 2019’s Wall of Worry
The crude oil price has climbed a wall of worry at the start of 2019, and now Brent is above $60 & WTI is above $50 with multiple supporting factors favoring the recent advance.
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Gold Weekly Technical Outlook: Price Rejected at Downtrend Resistance
Gold has responded to slope resistance with prices snapping a four-week wining steak. Here are the levels that matter on the XAU/USD weekly chart.
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EUR/USD Weekly Technical Forecast: Euro Dropping Towards Support, Bear-flag Building
The Euro is backing down into support and may bounce, but overall a bear flag is under development and at some point likely to lead to another leg lower…
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Weekly Technical Forecast: Reversals are Taking with the Equites Up Four Week and the Dollar Back with Bulls
The overwhelming sense of dread and high volatility plaguing the markets through the end of the past year is slowly starting to lift. US equities have led risk trends to a four-week recovery that has overcome key levels while the Dollar has just recently saved itself from a full bearish reversal. Will this sense of […]
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Malaysia achieves record direct tax collection of RM137b in 2018
KUALA LUMPUR (Jan 20): The Inland Revenue Board of Malaysia achieved a new record in direct tax collection last year, with RM137.035 billion collected, which is…
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AUD/USD, AUD/CAD Prepare for Next Big Moves as AUD/JPY May Reverse
The Australian Dollar generally struggled extending gains last week. AUD/USD and AUD/CAD may set the stage for their next big moves ahead. AUD/JPY may be on the verge of a reversal.
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Sterling (GBP) Weekly Technical Outlook: Taking a Post-Rally Breather
A positive week for Sterling across the board ends with minor pull-backs ahead of the weekend.
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US Dollar Weekly Technical Forecast: Rally Back into Consolidation Zone Improves Outlook
For the past week, the DXY Index has been moving in lockstep with stocks and US Treasury yields. There’s little reason to think that will change in the week ahead.
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Technical Outlook: S&P 500 Upside Limited, DAX Makes Topside Breach
Descending trendline to spark inflection point for S&P 500, while DAX breaches key resistance.
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Genting’s woes
KUALA LUMPUR (Jan 19): Since October last year the Genting Group has been hit by a series of negative developments — an increase in casino…
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