KUALA LUMPUR: Bursa Malaysia endured another week of foreign funds outflow, in line with other regional peers, according to MIDF Research. “Based on data from Bursa, international investors took out RM1.91bil net of local equities last week, ” it said in its weekly fund flow report. The research house noted that Malaysia had the second

AUD/USD bounces off fresh multi-year low despite disappointment from China’s February month Retail Sales, Industrial Production. RBA signaled QE after the Fed surprised markets. Risk-tone remains under pressure amid the global central bankers’ fight against the coronavirus. AUD/USD pays a little heed to China’s February month data dump as the quote stays unfazed around 0.6130

Bitcoin price dips massively under $4,000 amid extreme volatility levels. BTC/USD price is likely to settle above $5,000 but there are no guarantees. Bitcoin’s price has continued to keep investors on the edge since Thursday. The breakdown is arguably the worst selloff experienced in the cryptocurrency market. From trading above $8,000 a couple of days

Gold prices have fallen sharply amid a massive market panic, that pushed everything lower – including the normally safe-haven precious metal. How is XAU/USD as a mad week draws to an end? The Technical Confluences Indicator is providing good news for gold bulls, with strong support at $1,581, which is the convergence of the Simple

EUR/USD is back above 1.13 amid risk-off mood in the global markets. Trump’s coronavirus speech fell short of expectations and strengthened the demand for safe havens. With rates already below zero, the ECB has little room to deliver aggressive stimulus. Risk aversion is again boding well for the single currency. EUR/USD pair is currently trading

Gold fails to cheer the disappointment from US President Trump’s coronavirus action plan. The weekly descending trend line, 100-HMA act as the key resistance. Sellers will wait for sustained trading below 50% Fibonacci retracement. Despite an increase in the market’s risk-off moves following US President Donald Trump’s fiscal stimulus, Gold prices trimmed some gains to

GBP/USD has recaptured 1.29 after falling earlier in response to the surprise BOE double-dose rate cut of 50bp to 0.25% in an unscheduled more to counter the coronavirus crisis. It comes ahead of the UK Budget coming later in the day. Momentum on the four-hour chart has turned negative, but pound/dollar managed to recapture the

The GBP/USD pair witnessed a dramatic turnaround on Tuesday and tumbled nearly 250 pips intraday amid resurgent US dollar demand. The set-up seems to have shifted back in favour of bears ahead of the UK annual budget, Haresh Menghani from FXStreet informs. Key quotes “Hopes of fiscal stimulus by the Trump administration provided a strong