News
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Crude Oil May See Light in Tunnel As Oncoming Train
Despite seemingly good news to support the broad demand picture, crude has only moved sideways after falling 33% from the early October high leading traders to wonder if more pain is on the way.
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Gold Weekly Technical Outlook: Price Rally Pulls Back ahead of FOMC
Gold prices snapped a three-week winning streak as demand eases ahead of the Fed interest rate decision. Here are the levels that matter on the XAU/USD weekly chart.
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EUR/USD Weekly Technical Forecast: Euro Shorts in Charge on Tri-break
The Euro finally broke the triangle it’s been forming over the past month; lower prices ahead as it makes maybe its final meaningful move of the year.
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AUD Prices May Fall Into 2019, AUD/CAD at Risk to Reversal Pattern
The Australian Dollar may be setting itself up for declines in the final weeks of 2018. AUD/USD and AUD/NZD look vulnerable while AUD/CAD is overshadowed by a bearish reversal pattern.
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GBPUSD Weekly Technical Outlook: Seven Weekly Bear Candles Dominate
Both daily and weekly GBPUSD charts remain weak and any rally will be met by strong resistance.
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Dollar Hits an 18-Month High as Anti-Currency Demand Fights Liquidity
The DXY Dollar Index managed to charge to its highest level since June 2017 this past Friday. The insinuation of a breakout fueled by a ‘demand for alternatives’ against a known liquidity drain raises serious trading considerations.
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Technical Forecast for Dow, S&P 500, FTSE 100, DAX and Nikkei
The Q4 slump has continued in global equities, and next week brings the final full trading week of 2018. WIll the Fed bring bulls a lifeline of support?
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XE Money Transfer: USD Brushes Aside G-10 currencies and Moves to a 20-month High
OVERVIEW Better-than-expected retail sales attract more bid for the US dollar. The Dollar Index is up 0.6% Sterling comes under heavy selling pressure as a no-deal Brexit situation resurfaces. NYMEX WTI Crude flat near $52.25 a barrel as investors assess the impact of a stalling Chinese economy HIGHLIGHT
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XE Market Analysis: Asia – Dec 14, 2018
The Dollar index pulled back from 18-month highs it posted early in the session, dipping to 97.43 from 97.71 highs. Incoming U.S. data was decent, with retail sales coming in as-expected, with upside prior month revisions. Industrial production was netter than expected, though revised down from prior months. Wall Street was slammed on China slowdown […]
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AIG Malaysia expects to end the year with marginal growth in gross premiums
KUALA LUMPUR (Dec 14): Insurer AIG Malaysia expects to see a marginal 1% growth in gross written premiums (GWP) this year, from RM715 million recorded…
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Shahril decides to pump in RM100m more for Sapura Energy's cash call
KUALA LUMPUR (Dec 14): Sapura Energy Bhd announced late tonight that its single largest shareholder Tan Sri Shahril Shamsuddin, who is also the president and CEO,…
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CCM, Mynews, BToto, Sanichi, Gamuda, D'nonce, Sime Darby Plantation, Tan Chong, MCT, YFG, Nextgreen, V.S. Industry, Tenaga, Petronas Chemicals and Sapura Energy
KUALA LUMPUR (Dec 14): Based on corporate announcements and news flows, stocks in focus on Monday (Dec 17) may include: CCM, Mynews, BToto, Sanichi, Gamuda,…