KUALA LUMPUR: Ringgit ditutup tinggi berbanding dolar Amerika Syarikat (AS) hari ini berikutan harga minyak mentah yang tinggi dan mata wang AS itu lemah, kata peniaga. Sehingga 6 petang, mata wang tempatan meningkat kepada 4.2600/2640 berbanding dolar AS daripada 4.2680/2720 semasa ditutup pada Selasa. Peniaga berkata, minyak mentah Brent diniagakan pada AS$43 setong, menjelang mesyuarat […]
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AUD/JPY is dangerously close to a bearish breakout. Bulls will need to get price above counter-trendline and resistance structure to fend off the bears. Plenty of fundamentals are stacked in the bull’s favour, but critical data awaits. AUD/JPY is testing the downside of a key support level the 1-hour chart at the time of writing while fundamentals lean
Oxford’s COVID-19 vaccine that is backed by AstraZeneca is reportedly generating “the kind of antibody and T-cell (killer cell) response that the researchers would hope to see,” Robert Peston, ITV News’ political editor, wrote on Wednesday. “As I understand, not all of the many vaccines under development across the world increase both antibodies and T-cells. But the
USD/JPY slides below the 107.00 level as the 107.42 resistance remains intact. The pair faces next support at 106.65, as Credit Suisse’s analysts note. Key quotes “USD/JPY remains capped at its downtrend from early June, 13 and 55-day averages and price resistance at 107.32/42.” “Whilst low conviction the immediate risk is seen staying marginally lower whilst below here
USD/JPY refreshes the intraday high following a U-turn from 107.15. Increasing hopes of virus vaccine follow Wall Street’s performance to recall the bulls. News that Tokyo will raise the pandemic to the highest levels, fears of an escalation in the US-China tussle challenge sentiment. BOJ will be the key despite no change expected in the
Early on Wednesday, around 03:00 AM GMT, the Bank of Japan (BOJ) will provide the decision of its routine monetary policy meeting. The central bank is widely expected to offer no change to its present monetary policy. In doing so, the BOJ will keep the short-term interest rate target at -0.1% and directing 10-year government
Gold is trying hard to recover ground above the $1800 mark, as the US dollar continues to benefit from broad risk-aversion amid looming coronavirus risks. Let’s see how it is positioned ahead of the critical US CPI release. The Technical Confluences Indicator shows that the yellow metal is likely to face an uphill task to take on the
Sentiment towards EUR/USD is bullish courtesy of signs of a rebound in the German economy. Germany’s Merkel says a second EU summit may be needed on the fiscal stimulus package. Upside may remain elusive if the global stocks turn risk-averse on lingering virus concerns. EUR/USD looks north with the German economy showing signs of bottoming out
Bitcoin resumes the decline after a failed recovery attempt. Global pessimism will increase the selling pressure on the first digital coin. Bitcoin (BTC) has returned to the previous range and seems to be more inclined to retest $9,000 towards the end of the week. At the time of writing, BTC/USD is changing hands at $9,184,
USD/CAD gained traction for the second consecutive session on Friday. Concerns about surging COVID-19 cases benefitted the safe-haven USD. Weaker crude oil prices undermined the loonie and remained supportive. Investors now look forward to the Canadian jobs report for a fresh impetus. The USD/CAD pair climbed further beyond the 1.3600 mark and shot to 1-1/2-week
