Global markets Bond futures fully price in (97.1%) for 1 rate cut of 0.25% this Thursday 19 Dec, 3am FOMC meeting. Malaysia markets Local Macro USDMYR rebounded from weekly low of 4.4200 and closed last Friday at 4.4500, while SGDMYR continued flirting around 3.30 region. The Malaysia government 10-year bond yield settled slightly higher at 3.82% (+0.03%). More corporate currency hedging activities are expected for year end, including export proceeds, impo...
$CLOUDPT (0277.MY)$Had a good breakout from its RM 0.87+ main downtrend resistance and rallied towards the RM 0.94 regions over the past 2 weeks. So far still able to hold above its RM 0.85+ support on the daily chart as a higher low. If able to sustain, could trend back up towards the RM 0.94 - RM 1+ regions soon. Support: RM 0.90, RM 0.87, RM 0.85 areas Resistance: RM 0.93, RM 0.94, RM 0.95 areas
been days already
Bond futures fully price in (97.1%) for 1 rate cut of 0.25% this Thursday 19 Dec, 3am FOMC meeting.
Malaysia markets
Local Macro
USDMYR rebounded from weekly low of 4.4200 and closed last Friday at 4.4500, while SGDMYR continued flirting around 3.30 region. The Malaysia government 10-year bond yield settled slightly higher at 3.82% (+0.03%).
More corporate currency hedging activities are expected for year end, including export proceeds, impo...
So far still able to hold above its RM 0.85+ support on the daily chart as a higher low. If able to sustain, could trend back up towards the RM 0.94 - RM 1+ regions soon.
Support: RM 0.90, RM 0.87, RM 0.85 areas
Resistance: RM 0.93, RM 0.94, RM 0.95 areas
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