Tag Archives: Technical Analysis

NILAI (Nov 15): Tan Sri Liew Kee Sin, who received his honorary doctorate of entrepreneurship from INTI International University today, said his university education in…

KUALA LUMPUR (Nov 15): CIMB Group Holdings Bhd chairman Datuk Seri Nazir Razak said the financial services provider will “take full advantage of what technology…

KUALA LUMPUR (Nov 15): While production is currently in a high cycle, stockpiles are building up slowly, Dorab Mistry, director at Godrej International, says at…

KUALA LUMPUR (Nov 15): The FBM KLCI declined 10.62 points or 0.6% mainly on Petronas Dagangan Bhd shares’ steep drop in the final trading minutes…

KUALA LUMPUR (Nov 15): Tenaga Nasional Bhd (TNB) is partnering Indonesian state-owned utility company PT PLN (Persero) to build a 2x200MW coal-fired power plant in…

KUALA LUMPUR (Nov 15): Hock Seng Lee Bhd has come out to say that the family dispute between its managing director Datuk Paul Yu Chee…

OVERVIEW Political concerns are weighing heavily on the Pound with Brexit risks increasing. US Dollar is quiet so far, sentiment looks slightly soft due to tax reform doubts. IMF says Europe’s growth is “stronger” and warns disruptive Brexit could result in “appreciably” lower growth.  Central bankers gather in Frankfurt to discuss the global economy and […]

The euro has rallied by 0.5% versus the dollar and yen, and by over 0.6% versus the pound. Eurozone data releases today that include above-forecast German GDP and a rise, albeit sub-forecast, in the November ZEW survey out of Germany, have helped underpin the shared currency. EUR-USD, which has logged a three-week high at 1.1725, […]

The dollar majors have been trading mixed, with EUR-USD opening in the London interbank market on a bid following above-forecast German GDP data, pushing to early-November highs near 1.1690, while USD-JPY has continued to flat-line around 113.60-65 — a directionless pattern that has been concomitant with relative stability in global stock markets. The NZ dollar […]

The Fed released the Senior Loan Officer Survey last Monday, which is of particular interest because in its nearly 30 year history, it has been a good long leading indicator, and so has been added to my stable of same.

OVERVIEW The Pound is under pressure on an inflation undershoot. USD has mixed performance but is generally weaker with a little boost from stronger PPI. The Swedish Krona falls sharply after inflation cools. The Chinese Yuan economic data misses’ expectations, pointing to moderating growth.  Oil prices retreated modestly from last week’s peak but remain firm.

The dollar was pressured again in N.Y. on Tuesday, leaving the DXY at nearly three-week lows of 93.75. EUR-USD led the charge, rallying to 1.1805, a three-week high, while USD-JPY bottomed at 113.32, weighed down by risk-off conditions. USD-CAD printed one-week highs of 1.2773, as WTI crude fell over $1/bbl. Cable meanwhile, recovered from just […]