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80.51, holding close to the one-month high of 80.59 touched on Thursday.USD/MYR Technical OutlookThe pair has been on a downtrend since the start of this year and has dropped more than 5.6% to the 9 July low of 3.16.Despite the gains since then, the pair is broadly holding the downtrend, suggesting the ringgit has not yet begun a weakening trend.On the downside,Nike Air Max 2011 Grey Black Yellow, the pair has its next target at 3.1600, the 50% retracement of the May 2013 to January 2014 rally and then comes the very important 3.1350, which is a long-term trend support.Further south,Air Max 2013 Womens Blue Pink, 3.1100, the 61.8% level, and 3.0700 are the two levels to watch ahead of the May 2013 low of 2.9600.On the higher side, the pair will first target 3.20, the 38.2% retracement and then 3.22 and 3.24 ahead of the 23.6% level of 3.2600. A break of the same will confirm the reversal of the downtrend.Further on the topside, the pair will target 3.30 ahead of a retest of the January peak of 3.3513.USD/MYR WeeklyIB Times UK/FXStreet
QPR Complete Signing of Ex-Manchester United Defender Rio FerdinandBy Naveen UllalJuly 18, 2014 06:14 BSTRio FerdinandReutersRio Ferdinand has completed his switch to Queens Park Rangers after he was released from Manchester United at the end of last season.The former England international's contract at Old Trafford expired on 30 June and the Red Devils informed the 35-year-old that his services are no longer required at United. Ferdinand has now joined QPR on a free transfer and has penned down a new one-year contract."QPR have completed the signing of Rio Ferdinand on a free transfer. Ferdinand, 35, has put pen to paper on a one-year contract until the summer of 2015,Nike Air Max 2013 UK, following his release from Manchester United at the end of last season,Nike Air Max 95 Womens," a statement read on QPR's official website.Ferdinand admitted that he did have several offers from clubs across the world. However, the former United legend rejected signing for a foreign club as he wanted to continue in the Premier League."I spoke to Harry and Mr Fernandes at length. I think they both looked me in the eye and knew that I still have something to offer �C that I had a genuine desire to come here and play football," Ferdinand explained."I had a lot of offers from all over the world �C some in places with a better climate than here. But the draw for me was to play in the Premier League and back here where it all started. It's not about money �C I had loads of more lucrative offers available to me.""I still feel I've got something to offer and I'm excited about helping this club cement its place in the Premier League," he added.Meanwhile, QPR manager Harry Redknapp expressed his delight after QPR completed a deal for Ferdinand."Rio's a fantastic player and a great professional �C I'm delighted we've been able to bring him here. I signed Rio as a 14 year-old. He was class on the field and off the field then, and he's continued in that manner throughout his career," Redknapp said."During his time at Manchester United, he was the best defender in Europe, if not the world. To bring him to QPR �C when he's still got so much to offer in terms of his quality, class, experience and know-how �C is a remarkable coup for the club," the former Tottenham manager concluded.RelatedMichael Carrick Out for 10-12 Weeks After Ankle SurgeryLouis van Gaal Unveiled by Manchester UnitedLiverpool and Manchester United Consider Summer Move for AS Roma Winger Adem Ljajic
Manchester United Handed Boost in Mats Hummels PursuitBy Pradhan MuthannaJuly 18, 2014 06:14 BSTMats HummelsReutersManchester United have been boosted in their pursuit of Borussia Dortmund defender Mats Hummels.According to the Express, United have a good chance of landing the World Cup winning defender, after Dortmund confirmed the arrival of young German international and Arsenal target Matthias Ginter from Freiburg, whom they had earlier targeted as the perfect replacement for Hummels.The Dortmund defender was manager Louis van Gaal's primary defensive target, even though he has been linked with multiple names as he looks to shore up the defence after the