News
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Weekly Technical Forecast: Will Liquidity Define the Equities, EURUSD and Oil Reversals?
Though the intensity of their corrections vary – from the Dollar just recently slipping range support to the S&P 500 trying to claw out of its ‘bear market’ – we have seen a number of markets walk back meaningful breaks this past week. Are these true reversals or brief respite in prevailing trends?
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DAX 30 & CAC 40 Technical Forecast – Looking for More Near-term Weakness
Eurozone equities have weakened a bit the past couple of sessions, expecting more of a this in the near-term as the bounce off the lows undergoes its first test.
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AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD
Gain in AUDUSD stalled, however, DMA support curbs further selling. AUDJPY risks remain tilted to the downside, while AUDNZD momentum slows.
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Bitcoin: Net-Long Positions Continue to Increase
Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.
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EUR/USD: Traders Increase Their Long Positions
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.
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S&P 500 : Traders Increase Their Net-Short Positions
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: 56.4% of Traders Are Net-Long
Recent changes in sentiment warn that the current USDJPY price trend may soon reverse higher despite the fact traders remain net-long.
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XE Market Analysis: Europe – Jan 14, 2019
A risk-off theme underpinned the Yen while weighing on the Dollar bloc currencies. AUD-JPY, NZD-JPY and CAD-JPY are all showing gains of over 0.5%. This came with Asian stock markets and oil and other resource commodity prices tumbling after China trade data showed imports down 7.6% y/y in December while exports contracted 4.4% y/y. AUD-USD […]
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XE Market Analysis: North America – Jan 14, 2019
A risk-off theme underpinned the Yen while weighing on the Dollar bloc currencies. AUD-JPY, NZD-JPY and CAD-JPY are all showing gains of over 0.5%. This came with Asian stock markets and oil and other resource commodity prices tumbling after China trade data showed imports down 7.6% y/y in December while exports contracted 4.4% y/y. AUD-USD […]
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XE Market Analysis: Is "No Brexit" Still an Option?
OVERVIEW The pound is stronger on ‘soft or no Brexit’ The Aussie Dollar is weaker on ‘risk off’ sentiment Turkish Lira dips after Trump comments HIGHLIGHT The pound is stronger today and continues to trade around a 7-week high against the US Dollar. Reports have surfaced this afternoon that many Tory lawmakers may look to back […]
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XE Market Analysis: Asia – Jan 14, 2019
The Dollar ended on a slightly softer footing in N.Y. trade on Monday, though ranges generally were relatively narrow. Due to the U.S. government shutdown, there were no data to move the market. Wall Street opened sharply lower on fallout from the overnight weak China trade data, though managed to pare losses through the session. […]
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AirAsia online reservation system to be unavailable for 13hrs this weekend
KUALA LUMPUR (Jan 14): AirAsia Group Bhd will be upgrading its Navitaire New Skies reservation system this weekend as part of its continuing effort to…
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Trust us with voluntary disclosure programme, IRB tells taxpayers
KUALA LUMPUR (Jan 14): Inland Revenue Board (IRB) chief executive officer Datuk Seri Sabin Samitah has urged taxpayers to trust the government’s intention in introducing…
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Hong Kong finance chief welcomes 'orderly' home-price declines
HONG KONG (Jan 14): Hong Kong’s finance chief welcomed the city’s decline in home prices since August and said that officials have no plans to…
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Guan Eng: SC to regulate digital currencies starting tomorrow
KUALA LUMPUR (Jan 14): The Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 will come into force tomorrow (Jan…
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KLCI down on China trade slump; PetDag, PChem and Top Glove fall
KUALA LUMPUR (Jan 14): The FBM KLCI closed down 7.06 points or 0.42% at 1,676.16 today after news on the shock contraction in China exports…