Free Trial
USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

US

'Big Tech' Bill Goes To Senate

COMMODITIES

Oil Up For Fifth Week On Supply Disruption, Geopolitics

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Spot USD/MYR operates -12 pips at MYR4.2315 as we type, with little in the way of notable domestic headline flow seen so far.

  • Note that the pair recently re-tested the neckline of a double bottom pattern charted over Sep-Nov. A failure to break that level resulted in a fresh bout of USD/MYR purchases.
  • Bulls would be pleased by a break above Dec 3 high of MYR4.2372, which would shift focus to Nov 26 cycle high of MYR4.2490, a key topside target. Bears look for a fall through Dec 1 low/aforementioned neckline at MYR4.2000/4.1970.
  • FinMin Zafrul told CNBC that Malaysia is on track to achieve its GDP growth target of +3.0-4.0% Y/Y this year, despite the emergence of a new coronavirus variant.
  • Participants look ahead to the release of Malaysia's industrial output on Friday.