News
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USD/JPY 2-Month Highest Net Long Position Indicates a Strong Bearish Bias
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.
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AUD/USD Technical Analysis: Sellers Struggle for Follow-Through
Australian Dollar sellers are struggling to find follow-through after pushing the currency below support guiding the upswing from late October against its US counterpart.
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Japanese Yen Technical Analysis: USD/JPY Wilts, Don’t Trust Move Yet
The Japanese Yen has staged a little fightback against the US Dollar, and it may well have further to run. However, it may be too late in the year to entirely trust this move
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USD/PHP Prices May Extend Climb as USD/MYR and USD/IDR Fall
The Philippine Peso had its worst day against the US Dollar since May, USD/PHP could be vulnerable to reversing its dominant downtrend. Meanwhile USD/MYR and USD/IDR may turn lower.
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S&P 500, Dow Jones & Nasdaq 100 Charts: Yearly Lows and FOMC in Focus
This week the major U.S. indices are testing the year lows, today we have the FOMC which may be a catalyst for making or breaking those important levels.
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Xe Market Analysis: The Currency Market Holds its Breath Ahead of a Key FOMC Meeting
OVERVIEW The US Dollar index waits for the US Fed decision on interest rates, with the Greenback down 0.2% vis-à-vis G-10 currencies The GBP is ignoring Brexit chaos and is focused on the upcoming Bank of England interest rate decision The price of a barrel of NYMEX WTI Crude crashes to $48.90, its lowest level […]
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XE Market Analysis: Asia – Dec 18, 2018
The Dollar recovered some in N.Y. trade on Tuesday, taking the DXY to 97.16 from seven-session lows of 96.72 seen into the open. USD short covering ahead of the FOMC announcement on Wednesday was a driver, though the market appears to be ready for a dovish statement from the Fed after it likely raises rates […]
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XE Market Analysis: Europe – Dec 19, 2018
The Dollar has traded softer so far today as markets anticipate a “dovish hike” from the Fed today, being a 25 bp tightening complemented by a signal that policy is going neutral. There has been some speculation that the Fed might even refrain from hiking, though we are doubtful this will happen. Stock markets in […]
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XE Market Analysis: North America – Dec 19, 2018
The Dollar remained on a softening tack, printing fresh lows against some currencies, including both the Yen and the Euro, the latter of which has been the chief beneficiary of the softer U.S. currency. EUR-USD edged out a fresh nine-day high of 1.1414, which surpasses yesterday’s peak by 13 pips. EUR-JPY, EUR-GBP and EUR-CHF, among […]
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Thailand raises key rate after 7 years, no more hikes seen soon
BANGKOK (Dec 19): Thailand’s central bank on Wednesday raised its key policy rate for the first time in more than seven years and cut economic…
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Hacked diplomatic cables reveal Europe's anxiety about Trump, Russia, Iran: NYT
(Dec 19): Hackers accessed the European Union’s diplomatic communications network for years, downloading cables that reveal concerns about the Trump administration, struggles to deal with…
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Hong Kong to sell cheap homes in world's least affordable city
HONG KONG (Dec 19): Hong Kong’s government is set to sell its first batch of cheap homes under a new program to help people get…
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Malaysia seeks Goldman Sachs’s presence to proceed with trial
KUALA LUMPUR (Dec 19): Malaysian prosecutor M Kurup declines to specify whose presence at Goldman the prosecution is seeking before it proceeds with trial. * “We…
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MAHB eyes 10 new airlines in 2019
SEPANG (Dec 19): Malaysia Airports Holdings Bhd (MAHB) aims to attract 10 new airlines both premium and low-cost carriers (LCCs) to Malaysia, especially to its…
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Asia's leading companies need to take a leap of faith when appointing non-executive directors
SINGAPORE (Dec 19): Many leading Asian companies’ boards are still reluctant to move out of their comfort zone when appointing non-executive directors, according to Heidrick…