News
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A-G confirms 1MDB audit report altered on Najib's order; Jho Low's name removed
KUALA LUMPUR (Nov 25): Auditor-General Tan Sri Dr Madinah Mohamad has confirmed that the original audit report on 1MDB has been altered, and that orders…
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Charts for Next Week – USD, USD/CAD, USD/MXN, Crude Oil, Gold Price & More
The US Dollar Index has a couple of developments to watch in the week ahead, while USD/CAD tests trend support, USD/MXN at risk of rolling over, and gold contends with resistance.
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EUR/USD Weekly Technical Forecast: Euro’s Trend & Chart Pattern May be at Odds
The euro has broader trend forces working against it, but could make good on a developing short-term bullish price pattern; leaves near-term outlook in limbo.
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XE Market Analysis: North America – Nov 23, 2018
The Dollar has traded firmer against most currencies outside the case versus the Yen, which saw its safe haven premium pick up after Chinese stocks came under heavy pressure, with the SSE index with a 2.5% closing loss, and as oil prices dove by over 4% to fresh 13-month lows. EUR-USD was a leader, tumbling […]
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XE Market Analysis – Black Friday Sale on Euros Following Disappointing Data
OVERVIEW The Dollar Index nears a five-day high, up 0.1% against the majors The Euro erases earlier sessions’ gains to trade in negative territory. NYMEX WTI Crude moves closer to $50.00 a barrel, down 6.70% on the day due to a supply glut HIGHLIGHT
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XE Market Analysis: Asia – Nov 23, 2018
FX trade was relatively subdued in N.Y. on Friday, though the Dollar remained firm after climbing in London morning dealings. EUR-USD touched six-session lows under 1.1335. USD-JPY bottomed at 112.66 on weaker equities, though recovered to near 112.90 as Wall Street pared losses. USD-CAD was whipped around by warmer Canada CPI and another plunge in […]
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MRCB receives RM1.33b settlement for EDL concession termination
KUALA LUMPUR (Nov 23): Malaysian Resources Corp Bhd (MRCB) has received the settlement sum of RM1.33 billion for the termination of the Eastern Dispersal Link (EDL)…
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FGV sues ex-CEO, ex-directors over APL acquisition
KUALA LUMPUR (Nov 23): FGV Holdings Bhd is suing its former group president and chief executive officer, Datuk Mohd Emir Mavani Abdullah, and 13 others…
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Palm oil's horrid year is down to more than just Orangutans
KUALA LUMPUR (Nov 23): The world’s most-used edible oil is having a horrendous year as a powerful mix of drivers pushes prices down — from…
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Cocoa crisis hits top grower's exporters as banks pull finance
ABIDJAN (Nov 23): Domestic shippers in the world’s top cocoa producer are losing market share to foreign-backed competitors, as exporters become ensnared in the fallout…