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Malaysia: Inflation pressure is losing momentum – UOB
UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting assessed the latest inflation figures in Malaysia.
Key Quotes
“Consumer price index (CPI) fell further albeit by smaller magnitude of 1.9% y/y in June (May: - 2.9%). The decline came in line with ours (-2.0%) and market estimates (-
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FX update: USD trends lower
The Dollar has continued to track lower, despite a backdrop of flagging stock markets in Asia, although US equities closed with moderate gains yesterday and S&P 500 futures are showing a modest rise in overnight trading. The narrow trade-weighted USDIndex (DXY) printed a fresh four-and-a-half-mo
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European Economics Preview: Germany GfK Consumer Confidence Data Due
Consumer confidence from Germany is due on Thursday, headlining a light day for the European economic news.
At 2.00 am ET, Germany's Gfk consumer confidence survey results are due. The forward-looking consumer sentiment index is expected to rise to -5 in August from -9.6 in July.
In the meantime,
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Gold Price Analysis: XAU/USD rises over 1%, nears rising wedge hurdle
Gold has rallied to fresh nine-year highs above $1,865.
The metal looks to have carved out a rising wedge pattern on the daily chart.
Gold is flashing green for the fourth straight day. At press time, the yellow metal is trading at $1,862 per ounce, representing a 1.10% gain on the day. Prices gai
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