News
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EUR/USD: Traders Decrease Their Net-Long Positions
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.
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GBPUSD Prices May Rise Despite Net-Long Positions
Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.
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Nikkei 225 Technical Analysis: ’18 Lows Eyed As Index Slips Back
The Nikkei 225 has fallen into a support zone whose lower limit is this year’s low. For the moment that looks safe, but bulls have work to do
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Gold & Silver Price Analysis – FOMC-Spurred Key-reversals Weaken Backdrop
Yesterday, precious metals reversed on the Fed meeting, still have some positives short-term, but that could change if reversals start leading to follow-through.
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The Price of Gold May Continue to Fall
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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XE Market Analysis: Asia – Dec 19, 2018
The Dollar remained under pressure ahead of the FOMC announcement, taking the DXY to eight session lows of 96.56 early in the session. Traders pared long USD positions, and in some cases gone short on expectations the Fed will raise rates today, but signal a pause in tightening going forward. The USD perked up slightly […]
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XE Market Analysis: Europe – Dec 20, 2018
The Yen has outperformed amid a risk-off backdrop, with stock markets in Asia tumbling and S&P 500 futures showing losses of over 0.5%, building on the closing losses seen on Wall Street yesterday after the Fed refrained from signalling a pause in its tightening cycle. Oil prices are down over 2%, though remain above the […]
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Goldman says relied on documents provided by IPIC execs in 1MDB US$1.75b bond issue
KUALA LUMPUR (Dec 20): Goldman Sachs said the financial services provider relied on documents provided by International Petroleum Investment Co (IPIC) executives, when Goldman Sachs…
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Sapura Energy sinks below rights issue price of 30 sen for second straight day
KUALA LUMPUR (Dec 20): Sapura Energy Bhd’s share price sinks below its rights issue price of 30 sen for two consecutive trading days. The continued…
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Mohamad Hasan is UMNO acting president
KUALA LUMPUR (Dec 20): UMNO deputy president Datuk Seri Mohamad Hasan will be UMNO acting president, said party secretary-general Tan Sri Annuar Musa. He also said…
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Finance Ministry allocates RM77m to FELDA settlers
KUALA LUMPUR (Dec 20): The Ministry of Finance (MoF) has provided a special allocation of RM77 million to assist the settlers of Federal Land Development…
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FBM KLCI falls after oil slump, US rate-hike guidance
KUALA LUMPUR (Dec 20): The FBM KLCI closed 5.1 points or 0.31% lower today after the US Federal Reserve raised interest rates on Wednesday and…
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World stocks slide as Fed aggravates recession fears
LONDON (Dec 20): World equity markets slumped on Thursday after the U.S. Federal Reserve dashed investor hopes of a more dovish policy outlook even as…
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Oil slumps 4% to lowest in a year as stock markets sink
LONDON (Dec 20): Oil prices fell more than 4% on Thursday, hitting their lowest in more than a year on worries about oversupply and the…
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Malaysia attracts RM139.3b investments in first nine months
KUALA LUMPUR (Dec 20): Malaysia attracted RM139.3 billion in approved investments in the manufacturing, services and primary sectors in the first nine months of 2018,…
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HSBC to sell 49% of Malaysian takaful business to FWD
KUALA LUMPUR (Dec 20): HSBC Holdings Plc (HSBC) is selling its 49% stake in HSBC Amanah Takaful (Malaysia) Bhd, held via indirect wholly-owned unit HSBC…
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Genting Malaysia, TNB, E.A. Technique, KKB, Cahya Mata Sarawak, YFG, Atta Group Global, Dnex and Aeon Credit
KUALA LUMPUR (Dec 20): Based on corporate announcements and news flow today, companies that may be in focus on Friday (Dec 21) may include: Genting…
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