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Fri, May 03, 2024 01:53 AM All times are UTC

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FxWirePro: Bearish candles on GBP/USD; Buy GBP/USD binary puts for 15-20 pips

Jul 03, 2015 10:55 am UTC| Insights & Views

GBP/USD hit lows at 1.5603 during European morning trade, the pair subsequently managed to recover back at 1.5644 with insignificant volumes.Doji and spinning top pattern candles occurred at 1.5743 and 1.5606 levels...

Aussie on verge of a big break out

Jul 03, 2015 10:42 am UTC| Insights & Views

Aussie seems ready to join commodity currency rout, which has rattled its neighbor New Zealand Dollar this year already. Aussie is down more than 1.25% against dollar today so far and further drop seems likely over the...

Kiwi’s record weekly losing stretch makes RBNZ top forecaster

Jul 03, 2015 10:25 am UTC| Insights & Views

New Zealand Dollar, on its way to continue longest weekly decline on record, which now stretched for 11th straight week. This week it is down almost 2.5% against dollar. This has made Kiwi, the worst performing currency...

Dollar looks well bid against pound heading into weekend

Jul 03, 2015 09:45 am UTC| Insights & Views

Another better economic dockets from UK and another dull performance from pound, as dollar looks well bid against pound as crucial weekend approaches. UK services PMI came at 58.5 compared to 56.5 prior and 57.5...

FxWirePro: Expect downtrend in EUR/JPY; Mitigate downside risks via PRBS

Jul 03, 2015 08:33 am UTC| Insights & Views

Currency Derivatives Insights: (EURJPY)Hedge this pairs potential slumps through deploying option strategy (Put Ratio back Spread) as weekly technical charts suggest bearish bias.%D line crossover above 80 levels on slow...

Chinese sell offs worst since 2008 crisis

Jul 03, 2015 08:23 am UTC| Insights & Views

Chinese economy and the stock market, both having worst time since 2008 crisis. Today Chinese services PMI dropped to 51.8 in June, which is worst since February this year. While services PMI is still on expansionary...

FxWirePro: Buy EUR/JPY binary calls for targets at 136.4470

Jul 03, 2015 07:29 am UTC| Insights & Views

The final services the euro area are also released at 56.1 quite below than forecasted numbers at 58. But this does not seem to impact much adversely on Euro as the PMIs for France, Germany are all expected to be unchanged...

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Economy

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...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

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...

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...

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

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...

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,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Technology

Solana's Future Anchored in Four Key Pillars, Developer Outlines Strategy

Vibhu Norby, CEO of Drip Haus, has outlined four essential pillars to define Solanas path forward amid a dynamic period of growth and challenges in the blockchain space. Key Strategies for Solanas Scaling and User...

Shiba Inu Magazine Details Upcoming Shibarium Hard Fork Enhancements

Shiba Inu (SHIB) lovers will get a full description of the highly anticipated Shibarium hard fork in the most recent issue of The Shib magazine. On International Workers Day, the magazine begins with a rallying cry for the...

2025 Sees SK hynix's HBM Chips Fully Booked Amidst AI Surge

SK hynix, a key player in the artificial intelligence (AI) services sector, made a significant announcement on Thursday. HBM Sales Reflect SK hynixs Market Leadership Its high-bandwidth memory (HBM) processors,...

Bitcoin Price May Consolidate for Two Months Post-Halving, Says Bitfinex

As the cryptocurrency market adjusts to the latest Bitcoin halving, analysts from Bitfinex forecast a price consolidation period of up to two months, with significant price fluctuations expected within this...

Former PayPal President Predicts Bitcoin as AI's Future Currency

Amid fluctuating prices, former PayPal President David Marcus champions Bitcoin as the native currency of AI at the Bitcoin for Corporations 2024 event, rekindling interest and optimism in the cryptocurrencys long-term...