Tag Archives: Technical Analysis

KUALA LUMPUR (Jan 18): Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF) intends to buy commercial assets in Phase 2 of the Battersea…

KUALA LUMPUR (Jan 18): Based on corporate announcements and news flow today, stocks in focus on Friday (Jan 19) may include the following: Atta Global…

KUALA LUMPUR (Jan 19): The FBM KLCI is expected to extend its consolidation today and drift lower, with immediate support at 1,818, in line with…

(Jan 19): HSBC Holdings Plc has agreed to pay about $100 million in penalties to resolve a U.S. Justice Department investigation into the rigging of…

(Jan 19): India slashed tax rates on some goods and services just days ahead of the country’s budget, as it continues to rationalize its six-month-old…

(Jan 19): Why are official warnings of the threat that rising interest rates pose to Hong Kong’s red-hot housing market falling on deaf ears? The Hong…

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) and the Employees’ Provident Fund (EPF) intend to buy commercial assets in Phase 2 of the Battersea Power Station…

The dollar staged a bounce after posting fresh lows versus the yen, euro, and a number of other currencies during the early part of the Tokyo session. USD-JPY posted a new four-month low at 110.19, completing a run of seven consecutive down sessions, before recouping to the upper 110.0s. The price action was similar to […]

By now I’m sure you’ve read elsewhere that industrial production rose strongly in December.  That’s certainly true, and to put it in perspective, here is the overall number (red) together with manufacturing (blue) and mining (including oil and gas) ( green): 

The USD index (DXY) has lifted out a of a fresh low that was seen early in the Asia-Pacific session at 90.14. That is the lowest level seen since December 2014, and was the culmination of a 13.2 decline from the high seen in January 2017. The low also marks about a 55% retracement of […]

OVERVIEW EUR weaker after ECB policymaker’s comments and inflation. GBP hit a fresh high overnight. USD soft despite strong industrial production and housing data. Bitcoin slump continues, and its value is now half of its peak last month. HIGHLIGHT The Canadian Dollar saw some wild swings as the Bank of Canada announced it was raising […]

KUALA LUMPUR (Jan 17): Ekuiti Nasional Bhd (Ekuinas), a government-linked private equity fund management company, has sold its 100% shares of Tenby Education Group to…