News
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EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP
EURUSD bearish trend opens scope for a test of the YTD lows, while EURJPY lacks significant signs of a near term break. EURGBP tests supports, which curbs further losses for now.
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GBP/USD Sentiment is Unable to Provide a Clear direction
The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.
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USD/JPY Sentiment Prompts a Mixed Bias
The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.
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Ethereum Price Forecasted to see Large Gain using Elliott Wave Analysis
Ethereum’s price chart shows the potential for an increase to 225 according to Elliott Wave Theory. We are looking for strength to emerge soon.
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Gold Price Outlook: XAU/USD Consolidation- Breakout Imminent
Gold is in consolidation just below multi-month slope resistance. Here are the targets & invalidation levels that matter on the XAU/USD charts heading into December.
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S&P 500: Weekly Short Positions Soar 29% Prompting a Bullish Bias
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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Gold Sentiment Suggest that Prices Might Rise
Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.
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USD/BRL Techninal Analysis: Bearish Reversal in Sight?
USD/BRL has formed what appears to be a bearish Head and Shoulders pattern. The pair’s movement is likely being driven by Brazilian politics.
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NZD/USD Technical Analysis: Double Top Forming Below 0.69?
The New Zealand Dollar is back to retest resistance below the 0.69 figure against its US counterpart, with negative RSI divergence hinting that the barrier may hold.
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EUR/GBP Technical Analysis: Euro Prices Awaiting Range Breakout
EUR/GBP prices struggled confirming a break above the August descending trend line, consolidation mode appears to be ensuing. Upper boundary near 0.89394, lower one around 0.88108.
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S&P 500, Dow Jones & Nasdaq 100 Charts: Buyer Beware, Looks like Just a Bounce
This week has brought some strong upside price action, but looking like another bounce; may have ended yesterday.
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XE Market Analysis: North America – Nov 29, 2018
The Dollar lifted out of fresh lows, while the Yen outperformed as Europe stock markets pared opening gains, S&P 500 futures sank and after the main Chinese stock indexes closed with 1%-plus losses for a second day. EUR-USD fell back to 1.1350 after printing a four-session high at 1.1397 as the impact of Fed Powell’s […]
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XE Market Analysis: Asia – Nov 29, 2018
The Dollar was choppy in N.Y. trade on Thursday, though remained inside of a relatively narrow range through the session. Incoming income and spending data were stronger than expected, though jobless claims rose more than expected, and the pending home sales index fell more than forecast. EUR-USD ranged between 1.1402 and 1.1365, while USD-JPY found […]
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XE Market Analysis: Dollar Steadies After Powell's Speech
OVERVIEW Traders now only price in one rate hike for the US in 2019. Sterling continues to hover around vital 1.2750 level as Brexit concerns mount. The South African Rand is supported by Fed’s dovish tone. HIGHLIGHT The South African Rand has strengthened against the Greenback today following Fed Chair Powell’s speech where he eyed […]
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XE Market Analysis: Europe – Nov 30, 2018
The Dollar majors have been directionally challenged as market participants sit on their hands into the Trump-Xi meeting at the G20 gathering in Argentine. EUR-USD has remained buoyant, in the upper 1.1300s, holding just below yesterday’s one-week high at 1.1401. Cable has remained settled in the upper 1.2700s after failing to sustain gains above 1.2800 […]
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Supermax could gear up for contact lens venture
KUALA LUMPUR (Nov 30): Newly-appointed chairman of Supermax Corp Bhd, Albert Cheok, said the group is targeting to produce 250 million pieces of contact lens…
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UK house price growth edges off 5-year low — Nationwide
LONDON (Nov 30): British house price growth picked up slightly this month from October’s five-year low, but the future outlook remains depressed by an uncertain…
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Goldman says escalation 'most likely' outcome of Trump-Xi dinner
HONG KONG (Nov 30): Goldman Sachs Group Inc said that a continued escalation of the US-China trade war would be the “most likely” outcome of…
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Financial markets remain affected by external developments in October — BNM
KUALA LUMPUR (Nov 30): Malaysia’s domestic financial markets continued to experience non-resident portfolio outflows in October, due mainly to external developments, said Bank Negara Malaysia…
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Parliament will not interfere with PAC probe on 1MDB — speaker
KUALA LUMPUR (Nov 30): Parliament will not interfere with the Public Accounts Committee’s (PAC) investigations into claims that the Auditor-General’s (AG) report on 1Malaysia Development…
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FBM KLCI tumbles 16.48 points after foreign portfolio adjustment
KUALA LUMPUR (Nov 30): The FBM KLCI closed 16.48 points or 0.97% lower today after foreign institutional investors’ portfolio adjustments led to a sharp drop…
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Lion Air crash sheds light on dark side of cockpit automation
WASHINGTON (Nov 30): As Boeing Co was developing its latest version of the 737 airliner, it discovered the design was slightly more prone to a…
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Star Media says Wong Chun Wai to retire as MD/CEO next year
KUALA LUMPUR (Nov 30): Star Media Group Bhd announced today that its group managing director and chief executive officer Datuk Seri Wong Chun Wai has…
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Lodin to vacate four top posts at Boustead Holdings, related firms
KUALA LUMPUR (Nov 30): Tan Sri Che Lodin Wok Kamaruddin will relinquish four top positions in Armed Forces Fund Board (LTAT)-controlled public listed companies by…
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UMW Holdings sells Shah Alam land for RM288m; returns to the black in 3Q
KUALA LUMPUR (Nov 30): UMW Holdings Bhd, which returned to profitability in the third quarter ended Sept 30, 2018 (3QFY18), is disposing of its leasehold…
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