Page 56 - Malaysian Ringgit News Today

Wall Street got back to business as usual overnight, buying equities and selling the US Dollar as Janet Yellen, in her Treasury Secretary selection t

1/19/2021 4:54:20 AM GMT The Financial Times reports that Treasury Secretary Nominee Janet Yellen, the Federal Reserves former head, will state that the US risks a more prolonged recession and long-term scarring if it did not inject more government spending into the economy. The prepared remarks obtained by the FT ahead of Ms Yellens testimony today outlined that Ms Yellen feels that with interest rates at historical lows, now was the time to "act big," with the benefits outweighing the challen...

1/18/2021 10:32:10 AM GMT The Malaysian Ringgit as USD/MYR opens markets this week at 4.0365 while the Leu as USD/RO Nopens at 4.0366, a 1 pip difference. USD/MYR at 4.0365 opens exactly on its 20 day average while USD/RON at 4.0366 opens between its 50 and 100 day average from 4.0029 to 4.0683. Bank Negara, the Malaysian Central bank policy rate runs currently 1.75 since the drop in November2020 while the National Bank of Romania at the January 15 meeting cut is policy rate to 1.25 from 1.50. ...

1/18/2021 5:37:43 AM GMT Chinas GDP for Q4 showed an increase of 6.50% YoY for Q4, leaving China on track to expand by 2.30% for 2020. Industrial Production rose by an impressive 7.30% as the rest of the worlds insatiable demand for Made in China showed no signs of slowing down. By contrast, domestic data still showed the caution that has been prevalent throughout the year. Retail Sales for December rose 4.60% versus 5.50% expected, a cause for joy in any other country but China. That likely re...

How to get paid and manage taxes as a digital nomad Joe Bindloss 18 January 2021 Digital nomads should make plans for payments and taxes before departure © Mayur Kakade / Getty Images As a location-independent freelancer, you’ll need to work out how you get paid and how to sort out your taxes before moving abroad. It can be overwhelming but this guide should help you get started. Getting paid No form of getting paid as a remote worker will be completely free; there are always charges. D...

No news is good news in a buy everything world, and the hand wringing angst apparent after Monday's equity market retreat disappeared as rapidly as it

US Dollar Price Outlook: Emerging Market Currencies Face Rising Treasury Yields 2021-01-11 04:30:00 Daniel Dubrovsky, Strategist US Dollar, Singapore Dollar, New Taiwan Dollar, Thai Baht, Philippine Peso, ASEAN, Fundamental Analysis – Talking Points US Dollar gains versus ASEAN currencies despite rally in Emerging Market stocks Rising longer-dated Treasury yields cushioning Greenback on fiscal stimulus bets APAC, ASEAN data: ...

US stocks rebound after sharp sell-off on the first trading day of the year Oil prices surge after Saudi Arabia pledges to do heavy lifting on production cuts FX market knotted like a tightly coiled spring just waiting to pop Gold in a holding pattern US stocks rebounded on Tuesday following a sharp sell-off on the first trading day of the new year, with investors training their ears and eyes on the Senate elections in Georgia that could determine the direction of fiscal stimulus and US tax pol...

12/30/2020 4:40:41 AM GMT Asia has a pre-New Year’s Eve look about it today, as an empty data calendar combined with an ever-present headline risk leaves the regions financial markets content to drift on the currents. Overnight, US equity markets retreated after Senate Republican Leader McConnell effectively blocked increasing direct payments to $2000. Instead of just saying no, Senator McConnell was much more cunning. He introduced legislation that upped the payments but tied it to provision...

US Dollar Forecast: Stimulus Delay, New Virus Strain, Brexit Threaten SGD and THB 2020-12-23 06:00:00 Daniel Dubrovsky, Strategist US Dollar, Singapore Dollar, Indonesian Rupiah, Philippine Peso, Thai Baht, ASEAN – Talking Points The US Dollar may find a bottom against ASEAN currencies on market volatility Year-end external risks: US stimulus woes, coronavirus mutation, no-deal Brexit APAC, ASEAN data: Bank of Thailand, Singa...