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FxWirePro: EUR/NZD pauses decline, downside risk remains

May 21, 2020 15:23 pm UTC| Technicals

EUR/NZD declined on Thursday as grim Eurozone outlook weighed on euro. The pair traded as high as 1.7963 before easing to trade around 1.7963 in afternoon US session. Technical signals are bearish as RSI is at 47,...

FxWirePro: EUR/AUD dips below lower range, bearish bias increases

May 21, 2020 14:52 pm UTC| Technicals

EUR/AUD declined on Thursday as optimism of a closer fiscal union in Europe fizzled out. Euro also weakened after indicator which tracks the manufacturing and services sectors showed that Germanys recession eased in...

FxWirePro: USD/SEK hits 2-1/2 month low, outlook remains bearish

May 21, 2020 12:41 pm UTC| Technicals

The Swedish Krona rallied to a 2-1/2 -month peak as Sweden is likely to benefit from exports and increased foreign trade in the coming weeks. However, growing doubts over Swedens ability to handle the economic crisis...

FxWirePro: USD/TRY trims gains as Turkey central bank cuts rate

May 21, 2020 11:50 am UTC| Technicals

The Turkish Lira trimmed losses after the countrys central bank delivered 9th consecutive policy rate cut. The Central Bank of the Republic of Turkey lowered its key interest rate by 50 basis points to 8.25 percent...

FxWirePro: Daily Commodity Tracker - 21st March, 2020

May 21, 2020 11:17 am UTC| Technicals

Daily Commodity Tracker WTI (US OIL): Daily trend - Strongly Bullish Previous Week High/Low: 29.79/ 24.81 Previous Day High/Low: 33.75/ 31.60 GOLD (XAU/USD): Daily trend - Neutral Previous Week...

FxWirePro: Copper rangebound around 110-EMA, outlook bullish

May 21, 2020 11:00 am UTC| Technicals

Copper chart - Trading View Copper was trading rangebound on the day at 2.453 at around 10:50 GMT. Price action hovers around 110-EMA as the pair consolidates previous sessions gains. GMMA indicator shows...

FxWirePro: USD/NOK retreats from 2-1/2 month low, faces resistance at 5-DMA

May 21, 2020 10:54 am UTC| Technicals

The Norwegian Krone declined after rising from four straight sessions, as the greenback rallied across the board. The greenback against a basket of currencies traded 0.1 percent up at 99.22, having touched a low of...

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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

US Loosens EV Battery Rules, Expands Tax Credit Eligibility Amid Controversy

Amidst escalating tensions over electric vehicle (E.V.) tax credits, the U.S. government has relaxed stringent regulations, potentially widening eligibility for tax credits up to $7,500. This move, aimed at accelerating...

SHIB, BONK, WIF's Sudden Price Jumps; What's Behind Them?

Recent surges in the cryptocurrency market have caught the attention of traders, particularly with tokens like Shiba Inu (SHIB), Bonk (BONK), and Dogwifhat (WIF) experiencing notable price hikes. Analysts attribute this...

Snowden Issues Final Bitcoin Warning, Takes Aim at Elon Musk and Puppy-Killing Politician

Edward Snowden, the famed whistleblower and advocate for privacy, sent shockwaves across social media platforms with his latest flurry of posts. Targeting Bitcoin developers, tech mogul Elon Musk, and South Dakota Governor...

Samsung Chief Lee Jae-yong Wraps Up Europe Visit, Includes Vatican and Zeiss

Samsung Electronics Chairman Lee Jae-yong returned to Seoul this Friday after a crucial ten-day European trip, where he met with Pope Francis and explored potential business collaborations. The Korea Herald reported...

Bitcoin Thrives: Whales Accumulate Over 47K BTC Amidst Price Rally

Bitcoin experiences a transformative moment as large-scale investors, known as whales, acquire over 47,000 BTC, valued at $2.9 billion, amidst a price retreat. This strategic move marks a pivotal shift in sentiment,...