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    Asian equities could take a boost after strong gains seen on US equities

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    USDMYR Technical Analysis

    USDMYR Technical Analysis

    Asian equities observe positive start as optimism on Wall Street echoes

    Asian equities could trade with negative bias reflecting caution awaiting Nvidia’s earnings report

    Asian equities could take a boost after strong gains seen on US equities

    Asian equities likely to trade within narrow range following volatile session on Wall Street

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

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    Asian equities could take a boost after strong gains seen on US equities

    Asian equities may trade on the back foot as traders took profits during Wall Street session

    USDMYR Technical Analysis

    USDMYR Technical Analysis

    Asian equities observe positive start as optimism on Wall Street echoes

    Asian equities could trade with negative bias reflecting caution awaiting Nvidia’s earnings report

    Asian equities could take a boost after strong gains seen on US equities

    Asian equities likely to trade within narrow range following volatile session on Wall Street

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

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USD/MYR Technical Analysis

Dyogenes Rodrigues Diniz by Dyogenes Rodrigues Diniz
October 6, 2023
in Forex
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USDMYR Technical Analysis
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The US Dollar falls -0.08% against the Ringgit this Thursday and is now trading at 4.7250. Despite the downward movement, the main market feeling is indecision, which is evident due to the small candle on the daily chart. The Initial Jobless Claims data came in slightly lower than expected (207k real against 210k predicted), but as the difference was small, this was not enough to move investors. The market is also a little calmer today due to fears about the release of US Unemployment data tomorrow. Nonfarm Payroll is an economic indicator that measures job creation in the US excluding the agricultural sector and is seen as the most important data for the global economy. Due to the importance of this information, the market tends to be a little more apprehensive the day before the release of the NFP.

Tags: Initial jobless claimsNFPUSD/MYR
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