Tag Archives: Technical Analysis

NUSA DUA, Indonesia (Nov 3): Malaysian crude palm oil (CPO) prices could rise to a high of RM2,950 (US$697) per tonne in January before falling…

NEW YORK (Nov 3): There were no bids during the auction of the 47-storey Park Lane Hotel — priced at US$1 billion — here last…

KUALA LUMPUR (Nov 3): The FBM KLCI erased gains at the 11th hour to close 0.12 point lower at 1,740.93 points on late selling of…

The dollar has traded softer following reports run by MarketWatch and Bloomberg saying that Fed Governor Powell will be nominated to the Fed Chairmanship position later on Thursday. Powell is seen as one of the more dovish candidates for the top job at the Fed, similar to Yellen. Yesterday’s conclusion of the FOMC, meanwhile, predictably […]

The dollar was range bound ahead of the FOMC announcement, though a decent ADP jobs report kept a floor under the unit. The greenback rose a bit, then fell, then rose again following the Fed announcement, where policy was left unchanged, as expected, and the statement was unremarkable. EUR-USD dipped to 1.1619 from near 1.1630, […]

When it comes to the economy both in the present and over the next 3 to 6 months, there’s nary a cloud in the sky. I won’t bother with a graph, but the stock market (which doesn’t measure the well-being of the average American, but is a legitimate leading indicator over the next 3 to […]

The dollar has been trading generally softer so far today, although was settled at near net unchanged levels against the yen heading into the New York interbank open and up versus the pound. Reports that Fed Governor Powell will be nominated to the Fed Chairmanship position later today imparted a downside spin on the greenback, […]

FX trade started the Thursday session with an as-expected BoE rate hike, which was followed with a sell-the-fact response from the sterling market. Cable retreated to near one-month lows of 1.3058 into the London close from 1.3225. Elsewhere, details of the U.S. tax reform bill were released, which initially did not go over well. Stocks […]

KUALA LUMPUR (Nov 2): ARA Asset Management Ltd is considering listing a real estate investment trust in Malaysia with ~RM2 billion (US$472 million) of assets,…

KUALA LUMPUR (Nov 2): AirAsia X Bhd said its Malaysian unit carried 23% more passengers at 1.5 million in the third quarter from 1.22 million…

KUALA LUMPUR/SYDNEY/SINGAPORE (Nov 2): Malaysia is investigating the theft of mobile-phone records for 46.2 million customers, while an online security lapse in Australia exposed personal…

KUALA LUMPUR (Nov 2): Shares of Ekovest Bhd rebounded today on bargain hunting after a sharp fall yesterday, rising as much as 6.3% in early…