Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Gold and Asian Stocks Rebound as Market Volatility Eases and Global Sentiment Improves 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
 unchanged at 3.00 pct, says Scotiabank - EconoTimes)
Bank Negara Malaysia (BNM) is expected to leave its overnight policy rate (OPR) unchanged at 3.00 percent given the nation’s strong economic growth and benign inflation outlook. Malaysia's economy grew 5.8 percent y/y in the second quarter, the fastest pace in more than two years. It has added to speculation over an early general election to be called by PM Najib.
Meanwhile, the nation’s inflation will likely decline in November and December on account of favorable base effect. The MYR advanced slightly in August although foreign investor pulled out funds from local stock markets. Going forward, the 4.30 level will continue to serve as a resistance for USD/MYR.
"The MYR is expected to advance to catch up with gains in regional peers as it remains undervalued in terms of either the NEER or the REER. After breaking below the 4.25 level on Wednesday, USD/MYR could head for 4.20 followed by 4.10 and 4.00 going forward," Scotiabank commented in its latest research report.
Meanwhile, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
