Concerns on crude oil oversupply, which led the West Texas Intermediate (WTI) crude to breach below the key US$50 a barrel mark, has prompted selling momentum in currencies of emerging economies linked to crude exports, including the ringgit.
“WTI continues to get crushed and so does emerging currencies like the ringgit.
“Investor sentiment is continually plagued by oversupply concerns and the next crucial level to watch (for WTI) is US$42,” said ForexTime Ltd chief market analyst Jameel Ahmad.
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“WTI continues to get crushed and so does emerging currencies like the ringgit.
“Investor sentiment is continually plagued by oversupply concerns and the next crucial level to watch (for WTI) is US$42,” said ForexTime Ltd chief market analyst Jameel Ahmad.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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