News
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NZD/USD Technical Analysis: Kiwi Dollar Down Trend Back in Play?
The New Zealand Dollar may be on the verge of resuming the down trend against its US counterpart after a break of support followed signs of topping below 0.70.
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Euro Weekly Technical Forecast: Bottoming Efforts Under Way in Several Crosses
The Euro has seemingly halted its decline since early-October, setting the stage for bottoming efforts in several EUR-crosses, including EUR/USD.
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Weekly Technical Forecast: Proximity to Key Technical Boundaries Puts Many Markets at Risk of Breaks
We are facing a market that will have to resolve a conflict of historical norms with structural risks. December is known as a quiet month, but the exceptional consistency in volatility throughout 2018 makes range bounds take on a far more ominous apparenance. Beware surprise breaks.
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XE Market Analysis: Europe – Dec 10, 2018
The Dollar and Sterling have come under general pressure, with EUR-USD showing an intraday gain of 0.5% in printing a three-week high at 1.1442, while EUR-GBP saw an every bigger gain in posting a 10-week high at 0.8978. The Pound underperformed the Dollar, too, which has driven a modest loss in Cable, to the lower […]
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XE Market Analysis: North America – Dec 10, 2018
The Dollar and Yen have, by varying degrees, traded generally softer against most other currencies, with the main exception being Sterling, which has come under pressure as markets fear fresh political uncertainty in the UK after what is expected to be a failed parliamentary vote tomorrow on the EU Withdrawal Agreement. The Pound was showing […]
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Global cleaning giant ISS to shed 100,000 jobs, exit markets
COPENHAGEN (Dec 10): ISS A/S of Denmark, which is the world’s largest cleaning company, is planning to get rid of about 100,000 jobs — representing…
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UK's November shopper numbers fall worst for a decade
LONDON (Dec 10): Shopper numbers in Britain saw their largest November drop for a decade, as Black Friday discounts drove more shopping online, retail researcher…
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Bursa suspends Prestariang's PDT, IDSS
KUALA LUMPUR (Dec 10): Bursa Malaysia has suspended the proprietary day trading (PDT) and intraday short selling (IDSS) of Prestariang Bhd for the rest of…
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Onset of recession may take longer than expected after yield curve inverts
(Dec 10): The onset of a U.S. recession could take longer than usually thought after key points of the Treasury yield curve invert, as a…
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Tabung Haji paid dividends using depositors' savings — report
KUALA LUMPUR (Dec 10): Lembaga Tabung Haji (TH) effectively paid dividends (hibah) using depositors’ savings, said Malaysiakini, quoting a financial position review for 2017 by…
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MACC arrests Najib over 1MDB audit probe, says source
PUTRAJAYA (Dec 10): The Malaysian Anti-Corruption Commission (MACC) today arrested Datuk Seri Najib Tun Razak after the former prime minister was called up once again…
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KLCI dives 17.23 points with world markets as plantation shares hit sentiment
KUALA LUMPUR (Dec 10): The FBM KLCI closed down 17.23 points or 1.03% at 1,663.31 as world economic growth and US-China trade spat concerns weighed…
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Business as usual for Top Glove, no suspension of supply to UK
KLANG (Dec 10): Top Glove Corp Bhd chairman Tan Sri Dr Lim Wee Chai said today it’s business as usual for the group and its…
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Scientex firms deal for 42.41% Daibochi stake for RM222.5m
KUALA LUMPUR (Dec 10): Scientex Bhd said it will issue 25.28 million new shares in the company to satisfy the proposed acquisition of a 42.41%…
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Malaysian vessels will stay put in disputed waters — PM
KUALA LUMPUR (Dec 10): Malaysian vessels will stay put in the disputed waters along the Malaysia-Singapore maritime border, Prime Minister Tun Dr Mahathir Mohamad said…