Tag Archives: Technical Analysis

NEW YORK (March 24): Wall Street tumbled on Friday with more than 1,000 points knocked off the Dow in two days as investors, increasingly nervous…

NEW YORK (March 24): Crude prices rose on Friday, hitting their highest since late January after the Saudi energy minister said OPEC and allied producers…

KUALA LUMPUR (March 24): AEON Co (M) Bhd said Malaysia’s retail industry is still undergoing consolidation as the sector continues to witness outlet closures of…

KUALA LUMPUR (March 24): Bank Negara Malaysia (BNM) Governor Tan Sri Muhammad Ibrahim said there has never been a target level for the ringgit exchange…

Something unusual has happened in the movement of short vs. long term bonds. I’m not talking about a yield curve inversion, because obviously there hasn’t been any. In fact, 10 year bonds are still yielding more than 0.5% higher than 2 year bonds, which was a very typical spread during any expansion between the 1960s […]

The DXY bounced to 89.96 highs, after printing 89.41 one-month lows in London morning trade. Risk off conditions prevailed through the session, as trade concerns rose following Trump’s direction to the U.S. Trade Office to consider increased tariffs on Chinese goods, with a list that initially would include $50 bln in Chinese exports. The dollar […]

The yen remained underpinned as risk aversion continued to course through global markets on the realizing threat of Trumpian trade wars. USD-JPY logged a 16-month low at 104.64. Japanese inflation data today may have given the yen an added bid, with the BoJ-watched core CPI reading rising to a rate of 1.0% y/y in February […]

The dollar is softer today, although above lows seen yesterday versus many of the main currencies, or above the 16-month low that was seen during the Tokyo session earlier today in the case against the yen. EUR-USD clocked a high at 1.2349 earlier, since settling lower by remaining 0.2% up on the day. There seems […]

KUALA LUMPUR (March 23): The Malaysian Automotive Association (MAA) is forecasting a 2% increase in car production for 2018. “Car production could be 2% or higher…

PETALING JAYA: Low-cost carrier AirAsia Bhd apologised on Thursday (March 22) after two ground workers were caught tossing baggage believed to contain bicycles off a…

KUALA LUMPUR (March 23): AirAsia X Bhd (AAX) plans to introduce another three new routes in the second half of this year, according to its…

HONG KONG/BENGALURU (March 23): Steve Wynn, the former chief executive of Wynn Resorts Ltd, has disposed his entire 11.8% stake in the firm for US$2.1…