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Mon, May 06, 2024 04:18 PM All times are UTC

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Guide to today’s important data and events

Sep 18, 2015 08:45 am UTC| Insights & Views

Not many economic dockets to be released today. All with low risks associated. Data released so far - China - House price index dropped -2.3% in August, after -3.7% drop in July. Euro Zone - Current account...

FxWirePro: Leading indicators trace out early signals of Loonie’s gain and trend reversal

Sep 18, 2015 07:33 am UTC| Insights & Views

After prolonged bull-run of USDCAD, now looking to reverse and change its direction. Technical charts with all timeframes are tracing out early signs of bearish sentiments. A hanging man pattern candle has formed on daily...

FxWirePro: GBP/JPY shorts on PRBS on job – long ATM puts yet to function

Sep 18, 2015 06:39 am UTC| Insights & Views

On monthly chart, the formation of hanging man pattern candle on peaks of uptrend at around 193.456 levels. This hanging man followed by two long real body red candles would reveal a medium term downtrend direction.Overall...

FxWirePro: Is it U turn on AUD/CAD? Stay firm with shorts on short put ladder

Sep 18, 2015 06:10 am UTC| Insights & Views

We had advocated short put ladder strategy in our earlier post, now short sides seem to function as per our expectations as the pair rallies onto 0.9519 levels, so that those shorts with smaller expiries, lets 3D, 5D or 7D...

Equity snapshot (indices)

Sep 17, 2015 17:18 pm UTC| Insights & Views

Equities are all mixed today. Performance this week at a glance in chart table - SP 500 - SP 500 is marginally up, hovering just below key psychological level of 2000. Todays range 1995-1973. Initial jobless...

Commodities snapshot (precious & industrial)

Sep 17, 2015 16:50 pm UTC| Insights & Views

Metal pack is trading in low volatility today. Performance this week at a glance in chart table - Gold - Gold is marginally down after yesterdays gains from $1100 support area, focus on FOMC. Todays range -...

Currency snapshot (commodity pairs)

Sep 17, 2015 16:35 pm UTC| Insights & Views

Dollar index trading at 95.33 (+0.01%) Strength meter (today so far) - Aussie -0.74%, Kiwi -0.56%, Loonie -0.20%. Strength meter (since last week) - Aussie +0.76%, Kiwi +0.03%, Loonie +0.48%. AUD/USD - Trading at...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Macron's France Targets Fourfold Increase in EV Sales by 2027; Welcomes BYD Factory Plans

France has announced plans to quadruple EV sales by 2027. The agreement, enhancing Frances position against global competitors, aligns with a state visit from China, spotlighting potential collaborations with major...

Shiba Inu Insider Urges Focus on SHIB and BTC Amid Market Rally

In a recent wake-up call, Lucie of the Shiba Inu team urged the cryptocurrency community to closely monitor Shiba Inu (SHIB) and Bitcoin (BTC) as both tokens exhibit strong price recoveries. This comes amid growing...

Is China Opening Doors to Bitcoin ETFs? Investor's Comment Sparks Debate

Following the recent launch of Bitcoin ETFs in Hong Kong, speculation is mounting over potential access for mainland Chinese investors. Richard Byworth, a prominent Bitcoin investor, suggested that these ETFs could soon be...

Hyundai Pumps Over $900M into Self-Driving Tech, IONIQ 5 Wins Top Family SUV

In a significant move, Hyundai has invested more than $900 million into autonomous driving technologies through its startup, Motional. Concurrently, the Hyundai IONIQ 5 has been acclaimed as the Best Electric 5 Passenger...

Apple's Foldable Future: 20.3-Inch Hybrid in 2025, Foldable iPhone in 2026

Apple is reportedly intensifying its efforts to develop foldable devices. It aims to unveil a 20.3-inch hybrid by late 2025, followed by a foldable iPhone in late 2026. This move signifies a strategic shift towards...