Teletrade Malaysia

19/07/2021

May Allah ease your hardships and shower you with loads of peace and prosperity on Eid. Have a blessed time! Eid al-Adha Mubarak.

19/07/2021

The dollar sat near its highest levels in months on Monday as the spread of the delta coronavirus variant made investors nervous about the global recovery and sent money into safety.

The dollar sat near its highest levels in months as the spread of the delta variant made investors nervous about the global recovery and sent money into safety.

19/07/2021

Gold slipped on Friday as a stronger dollar dulled its appeal and pushed the metal further from one-month highs hit in the previous session.

19/07/2021

Gold prices edged higher on Monday as a fall in U.S. Treasury yields and concerns over a global economic recovery slowdown due to the spread of the delta variant of the coronavirus lifted demand for the safe-haven metal.

Gold prices edged higher as a fall in U.S. Treasury yields and concerns over a global economic recovery slowdown lifted demand for the safe-haven metal.

19/07/2021

As second-quarter earnings season kicks into gear, Wall Street analysts are highlighting the stocks that are poised to deliver impressive quarterly performances.

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Netflix and Johnson & Johnson

19/07/2021

The Organization of Petroleum Exporting Countries (OPEC) and its non-OPEC allies reached a deal Sunday to phase out 5.8 million barrels per day of oil production cuts by September 2022 as prices of the commodity hit their highest levels in more than two years.

Coordinated increases in oil supply from OPEC+ will begin in August, the group announced Sunday.

19/07/2021

Johnson & Johnson is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter.

J&J is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection.

19/07/2021

U.S. stock index futures were lower during overnight trading on Sunday, after the major averages posted their first negative week in four.

U.S. stock index futures were lower during overnight trading on Sunday after the major averages snapped a three-week winning streak.

19/07/2021

Shares in Asia-Pacific slipped in Monday morning trade, as oil prices fell after OPEC and its allies reached a deal.

OPEC and its allies reached a deal on Sunday to phase out 5.8 million barrels per day of oil production cuts by September 2022.

19/07/2021

10 things you need to know before the opening bell on July 19

The Indian equity market is likely to open lower on Monday following losses in global peers as fears of rising inflation and a relentless surge in Delta variant of the coronavirus in Asian countries dampened investors’ risk appetite. At 7:53 am, the SGX Nifty was trading 222 points or 1.40 percent...

19/07/2021

Interest Rate Decisions Set for Tuesday and Thursday

When trading, the economic calendar is a tool that most investors use to know what is coming up and how the market could move.

On Tuesday, July 20, at 01:30 CET, the People’s Bank of China (PBoC) will announce its interest rate decision. The European Central Bank (ECB) will also release its interest rate decision on Thursday, July 22, at 11.45 CET.

A hawkish outlook of the economy usually leads to a rise in the interest rate, which is positive for the currency linked to that rate. If a more dovish view of the economy is seen, then this normally has the opposite effect as interest rates are seen to be kept stable or lowered. This is deemed to be negative for the region’s currency.

The interest rate in China currently stands at 3.85%, while the ECB is holding the interest rate at 0% for now.

See what else is coming up at http://bit.ly/2L52nRf.

Disclaimer: Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.

19/07/2021

An Outlook on the UK Services Sector

When trading, the economic calendar is a tool that most investors use to know what is coming up and how the market could move.

On Friday, July 23 at 08:30 CET the preliminary Markit Services PMI for July will be released. The PMI service is thought to provide an indication of the overall condition of sales and employment of the UK. A high reading is thought to be a positive sign for the GBP, as a reading above 50 is a sign of expansion. A reading below 50 is a sign of contraction.

The latest figure stands at 62.4.

See what else is coming up at http://bit.ly/2L52nRf.

Disclaimer: Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.