Brent crude’s three-month time spread is nearing the widest contango, a situation where the futures price is above the expected future spot price. It indicates the oversupply fears are coming back to haunt markets, according to Bloomberg. Brent oil fell by over 5.5% to $39.34 on Tuesday. That was the lowest level since June 16. […]
KUALA LUMPUR: Ringgit dibuka rendah berbanding dolar AS hari ini berikutan mata wang Amerika Syarikat (AS) itu mengukuh disokong oleh data pekerjaan, yang menunjukkan kadar pengangguran menurun dan hasil Perbendaharaan AS yang meningkat. Pada 9.01 pagi, mata wang tempatan berada pada 4.1600/1700 berbanding dolar AS daripada 4.1550/1600 semasa ditutup pada Isnin. Seorang peniaga berkata ringgit
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AUD/JPY trades 0.12% higher on the day at 77.36. Australia’s Business Confidence bettered estimates but remained fragile. Japan’s weak GDP could keep the anti-risk yen under pressure. AUD/JPY continues to trade in the green above 77.30 after National Australia Bank’s Business Confidence index for August came in better-than-expected. The index improved to -8 in August
The bird was under pressure overnight, but bulls are back in town in Asia. The US dollar is back under pressure ahead of the NFP. NZD/USD is currently trading at 0.6707 between a session range of between 0.6688 and 0.6711 as the US dollar gives back more gains as markets get set for the US jobs numbers
KUALA LUMPUR: Ringgit dibuka tinggi berbanding dolar Amerika Syarikat (AS) hari ini dengan sentimen positif yang dibawa oleh momentum hasil menggalakkan Sekuriti Kerajaan Malaysia (MGS) terus menyokong mata wang tempatan, kata peniaga.Pada pukul 9 pagi, mata wang tempatan disebut pada 4.1410/1460 berbanding dolar AS daripada 4.1430/1490 ketika ditutup pada Rabu. Ketua Pakar Ekonomi Bank Islam
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AUD/JPY keeps losses after key data releases in Australia and China. Australia’s trade surplus narrowed more than expected in July. China’s Caixin Services PMI for August bettered estimates by a big margin. AUD/JPY is trading in the red near 77.80 following the release of Australia’s trade data and China’s service sector data. The pair, however, has
KUALA LUMPUR: Ringgit dibuka rendah berbanding dolar Amerika Syarikat (AS) hari ini berikutan mata wang AS itu mengukuh selepas Indeks Pengurus Pembelian (PMI) Pembuatan Institut Pengurusan Bekalan (ISM) AS naik kepada 56 daripada 54.2 pada Ogos. Pada 9.09 pagi, mata wang tempatan berada pada 4.1490/1540 berbanding dolar AS daripada 4.1400/1450 semasa ditutup pada Selasa. Ketua
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GBP/USD extends pullback from the early high of 1.3395 amid overbought RSI. Bearish candlestick formation can benefit from the break of one-month-old support (previous resistance). Bulls will have to cross 1.3400 to retake the controls. GBP/USD refreshes the intraday low to 1.3358, down 0.08% on a day, during Tuesday’s Asian session. The Cable surged the
