The Malaysian ringgit has experienced a substantial appreciation, driven by robust foreign investment in the domestic bond market. A surge in capital inflows, totaling RM5.5 billion in July alone, has propelled the ringgit's performance. This analysis delves into the underlying economic factors driving this trend, examining key indicators and assessing the outlook...
"Success is not final, failure is not fatal: It is the courage to continue that counts." - Winston Churchill
"An arrow can only be shot by pulling it backward. When life is dragging your back with difficulties, it means it's going to launch you into something great. So just focus, and keep aiming." - Unknown
"Difficult roads often lead to beautiful destinations....
Greetings Traders,
As we anticipate the upcoming week, our attention is firmly on USDCAD, where we are actively assessing a potential selling opportunity around the 1.32600 zone. Engaged in a downtrend, USDCAD demonstrates a sustained downward trajectory. Concurrently, the currency pair is in a correction phase, steadily converging towards the trend at the...
This is the same double bottom from yesterdays rushed idea. Thursday 10th and 11th saw a rise from 1706 to 1764. Consequently, due to strong bullish pressure i have changed the neckline from 1706 to 1800. This will be determined in the coming days, if price challenges 1800, with XAUUSD needing to fill in from fib line 0.236 to 0 (This is nearly 4500 pips which...
Fundamentals:
The RBA in December's meeting was a hawkish stance. This suggests that going forward, their monetary policy will continue to be hawkish. Coupled with that, given the pandemic's effects on the Australian economy, the Australian government's fiscal policy will be at the forefront of their minds in stimulating their economy. This is a two for one...
