News
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EUR/USD: Weekly Long Positions Slump 33% Leading to 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 EURUSD-bullish contrarian trading bias.
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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: Downward Trend in Weekly Short Positions Leads to a Bearish Bias
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.
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Japanese Yen Technical Analysis: USDJPY Uptrend Holds Despite Falls
The Japanese Yen has staged a modest fight back against the US Dollar in what might be termed a ‘battle of the havens.’ However Yen bulls have not yet managed to land a really heavy blow
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USD/PHP Fall to Pause? USD/MYR Eyes New High, USD/IDR Uptrend Held
USD/PHP downtrend accelerates but near-term correction may be in the cards. USD/MYR eyes new 2018 highs as USD/IDR uptrend holds. USD/SGD remains in consolidation as stubborn support held.
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NZD/USD Technical Analysis: Two-Month Support Line Broken
The New Zealand Dollar may have be resuming the downtrend against its US counterpart after breaking support defining an almost two-month recovery.
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XE Market Analysis: North America – Nov 20, 2018
There have been mixed themes coursing through forex markets so far today. The Euro has come under general pressure, pushing EUR-USD under 1.1430, down from the two-week high posted during the early London interbank session at 1.1473, and EUR-JPY over 60 pips lower from highs to a two-session low at 128.36. The decline has been […]
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XE Market Analysis: Investors Turn to Safe Haven Currencies Amidst Global Equity Selloff
OVERVIEW The Dollar Index halts a five–day slide against the G-10 currencies British Pound moves into consolidation mode before it breaks out NYMEX WTI Crude loses 2.3% to trade near $55.90. HIGHLIGHT
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XE Market Analysis: Asia – Nov 20, 2018
The Dollar was under some pressure into the N.Y. open on Tuesday, though as the session progressed, the Greenback managed a decent rally. The DXY popped to 96.87 highs from opening levels near 96.85. Slightly better than expected housing starts data helped slightly, though another day of severe risk-off conditions, saw some safe-haven flows into […]
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XE Market Analysis: Europe – Nov 21, 2018
The Dollar majors have traded mixed, with the U.S. currency gaining versus the Yen but losing ground against rebounding Dollar Bloc currencies, with a lift-from-lows and rebound in S&P 500 futures facilitating some squaring out of risk-off positioning. USD-JPY has lifted three-day highs in the upper 112.0s, and most Yen crosses have also lifted. Asian […]
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More civilian focus, less military, in South China Sea would ease fears: Chinese paper
BEIJING (Nov 21): China should put more focus on building civilian facilities on islands in the South China Sea and less emphasis on the military to…
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Sapura Energy units secure contracts worth RM1.75b
KUALA LUMPUR (Nov 21): Sapura Energy Bhd’s units have secured several contracts in Malaysia and Mexico with a combined value of approximately RM1.75 billion. In a…
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Felda assets bought at higher premium, says Azmin
KUALA LUMPUR (Nov 21): Federal Land Development Authority (Felda) has acquired some of its assets at prices “much higher than market price”, said economic affairs…
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U.S. accuses China of continuing IP theft amid trade war
WASHINGTON (Nov 21): The U.S. on Tuesday accused China of continuing a state-backed campaign of intellectual property and technology theft even as the world’s two…
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Good ecosystem crucial to complement electric car initiative : MAA
KUALA LUMPUR (Nov 21): The Malaysian Automotive Association (MAA) hopes the government will give more focus on developing an environmentally-friendly ecosystem for electric car vehicles,…
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Trade war has positive ramifications for Asean, says Anwar
JAKARTA (Nov 21): Asean should seize opportunities of the trade war between U.S. and China to ensure it remains an investment destination for both countries,…
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Philippines, China edge closer to a South China Sea energy deal
MANILA (Nov 21): The Philippines and China signed a framework agreement on joint oil and gas exploration in the South China Sea, setting the stage…
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After Xi visit Japan, Philippines meet to advance infrastructure plans
MANILA (Nov 21): Philippine government ministers met with a top adviser of Japan’s prime minister on Wednesday, in a effort to move forward major infrastructure projects,…
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FBM KLCI falls 0.9% as economic growth concerns hit global equities
KUALA LUMPUR (Nov 21): The FBM KLCI fell 15.34 points or 0.9% today to close at 1,695.37 after US equities dropped overnight on Tuesday with…
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Global growth heading towards fragile soft landing — OECD
PARIS (Nov 21): Trade tensions and higher interest rates are slowing the global economy, though for now there are no signs of a sharp downturn,…
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