News
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EUR/USD: Weekly Short Positions Slump 21% Leading to a 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 EURUSD-bearish contrarian trading bias.
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Weekly CoT Update for Euro, Crude Oil, and Other Major Contracts
There was a continued theme this past week of growing shorts in the Euro and selling in crude oil.
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Japanese Yen Technical Analysis: USD/JPY Base Looks Very Firm
The Japanese Yen remains under the broad pressure against the US Dollar which has dominated 2018. USD/JPY bulls now have a reasonable platform from which to try for the year’s peak again
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USD/IDR Attempts Reversing 2018 Uptrend. SGD, PHP Eye Resistance
The Indonesian Rupiah is on the verge of accelerating its appreciation against the US Dollar, putting USD/IDR’s 2018 uptrend at risk. USD/SGD and USD/PHP eye near-term resistance levels.
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DAX 30 Technical Analysis – Bounce Set to End Soon
The DAX has lifted a bit in recent sessions off long-term support, but it’s not likely to last long with trend and market tone working against global stocks.
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XE Market Analysis: North America – Nov 27, 2018
The Dollar has traded steady-to-firmer, managing gains versus the Euro and Yen, and an underperforming Pound, while posting modest losses to the Aussie Dollar and holding steady versus the Canadian Dollar. Cable shed over 0.5% in pegging a 23-day low at 1.2733, while EUR-GBP lifted to four-session highs. Some market narratives pointed to Trump’s remarks […]
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XE Market Analysis: Asia – Nov 27, 2018
The Dollar advanced some overall in morning trade on Tuesday, later giving back some of its gains. The DXY topped at twp-week highs of 97.50 before easing to to 97.31 lows. Softer U.S. consumer confidence briefly dented the dollar. Wall Street was down most of the session, though managed a comeback after NEC Director Kudlow […]
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XE Market Analysis: Europe – Nov 28, 2018
Yen softness has been the main theme so far today, with most Dollar pairings remaining in narrow ranges and comfortably within yesterday’s ranges. EUR-USD has retained a heavy tone, ebbing back under 1.1300, though remaining above the two-week low posted yesterday at 1.1277, which was seen after Trump threatened to a blanket rise in car […]
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Auditor had questioned Nissan on payments to Ghosn at heart of scandal: source
TOKYO (Nov 28): Nissan Motor Co’s auditor had repeatedly questioned transactions at the heart of allegations of financial misconduct by former chief Carlos Ghosn but Nissan said…
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China envoy warns of dire consequences if US hardliners hold sway
WASHINGTON (Nov 28): China is going to this week’s G-20 summit hoping for a deal to ease a damaging trade war with the United States, Beijing’s…
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Zahid among nine called to give statements — IGP
KUALA LUMPUR (Nov 28): UMNO president Datuk Seri Dr Ahmad Zahid Hamidi is among nine individuals who have been called by police to give statements…
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Murphy Oil in talks to sell Malaysian oil, gas assets — sources
SINGAPORE (Nov 28): Murphy Oil Corporation is in talks to sell its Malaysian oil and gas assets after an unsolicited bid that could fetch between…
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TV3, union groups sign manpower rationalisation MOA
KUALA LUMPUR (Nov 28): Media Prima Bhd said today its subsidiary Sistem Televisyen Malaysia Bhd (TV3) and union groups representatives had yesterday signed a memorandum…
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India's Modi and China's Xi aim to build on thaw in ties at G20 meeting
NEW DELHI (Nov 28): Indian Prime Minister Narendra Modi and Chinese President Xi Jinping will meet on the sidelines of a G20 meeting this week, aiming…
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Furhat, a robot with the human touch, wants to hear your woes
LONDON (Nov 28): Furhat tilts his or her head, smiles, exudes empathy and warmth, and encourages us to open up. The robot, a three-dimensional bust with a…
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Bermaz Auto scraps planned unit listing on Philippine Stock Exchange
KUALA LUMPUR (Nov 28): Mazda vehicles distributor Bermaz Auto Bhd has scrapped its plans to list its subsidiary, Bermaz Auto Philippines Inc (BAP), on the…
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FBM KLCI rises as investors bargain hunt; ringgit weakens
KUALA LUMPUR (Nov 28): The FBM KLCI closed 1.58 points or 0.1% higher as investors bargain hunted for beaten-down Malaysian shares amid hopes that the…
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FGV in recovery mode, says its chairman
KUALA LUMPUR (Nov 28): FGV Holdings Bhd, which undertook its biggest impairment from the 2014 acquisition of London-listed Asian Plantation Ltd (APL) in the third…
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