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Wed, May 01, 2024 05:27 PM All times are UTC

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FxWiprePro - Crude oil Daily Outlook

Apr 10, 2024 10:56 am UTC| Technicals

Crude oil- WTI crude oil trading weak for the fourth consecutive day on easing Middle East tension. It hit a low of $85.05 yesterday and is currently trading at $86.62. Markets eye ceasefire talks between...

FxWirePro- Silver Daily Outlook

Apr 10, 2024 10:15 am UTC| Technicals

Ichimoku analysis (4-hour chart) Tenken-Sen- $28.11 Kijun-Sen- $27.97 Silver is consolidating in a narrow range ahead of US CPI and FOMC meeting minutes. It hit a low of $27.62 yesterday and is...

FxWirePro- Gold Daily Outlook

Apr 10, 2024 08:17 am UTC| Technicals

Gold - Ichimoku Analysis (4 Hour chart) Tenken-Sen- $2328.44 Kijun-Sen- $2309 Gold hits a fresh all-time high ahead of US CPI. The yellow metal hit a high of $2365 yesterday and is currently...

FxWirePro: GBP/NZD falls below 2.1000, bears keep the advantage

Apr 09, 2024 23:23 pm UTC| Technicals

GBP/NZD dipped on Tuesday as bears retained control ahead of RBNZ policy decision. Its widely expected that the Reserve Bank of New Zealand (RBNZ) will maintain the current interest rate at 5.5% GBP/NZD drops...

FxWirePro:EUR/NZD set to remain soft ahead of RBNZ rate decision

Apr 09, 2024 19:35 pm UTC| Technicals

EUR/NZD declined on Tuesday as kiwi dollar gained some traction against euro ahead of RBNZ rate decision. The Reserve Bank of New Zealand is scheduled to meet on Wednesday, and it is expected to maintain the cash rate...

FxWirePro: GBP/AUD extends drop, faces 23.6%fib support

Apr 09, 2024 18:01 pm UTC| Technicals

GBP/AUD declined on Tuesday as Australian dollar maintained its upward momentum against the pound, buoyed by gains in commodities and the strengthening Chinese yuan. Despite the release of subdued Westpac Consumer...

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

Apr 09, 2024 17:26 pm UTC| Technicals

EUR /AUD slipped below 1.6400 level on Tuesday as Australian dollar continued to gain traction against euro benefited from help provided by iron-ore and gold rally Iron ore futures prices continued to rise for a second...

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Economy

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...

The Mattei Plan: why Giorgia Meloni is looking to Africa

Since coming to power, Giorgia Melonis government has been remarkably orthodox in its foreign policy. Unwavering support for Ukraine, loyalty to the Atlantic Alliance and full participation in the European Union - these...

Politics

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...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

The 50th anniversary of Portugal’s Carnation Revolution

Across Portugal, a number of photography exhibitions are currently on display that commemorate the ousting of the Estado Novo, the dictatorial, authoritarian and corporatist political regime that had ruled the country...

Science

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...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Tron's Justin Sun Boosts Dogecoin, Shiba Inu at Token 2049 Conference

At the Token 2049 conference, Tron founder Justin Sun endorsed popular meme coins like Dogecoin and Shiba Inu, emphasizing their pivotal distinction from traditional finance and celebrating their community-driven...

Bitcoin Dips 11% Post-Halving: Unexpected Decline Shocks Investors

Bitcoins price has unexpectedly fallen by 11% since the halving on April 20, stirring concerns among investors hoping for a post-halving surge. According to CoinGecko, Bitcoin dropped below $57,000 on May...

South Korea Pledges 5-Year Boost in Console Gaming Market Share

With an eye toward reducing dependence on mobile platforms, South Koreas government laid out a five-year plan Wednesday to bolster its console gaming sector, which currently represents a mere 1.5% of the global...

Transaction Fees on Shiba Inu’s Shibarium Skyrocket by 500%

Shibarium, the dedicated blockchain for the Shiba Inu cryptocurrency, has seen transaction fees escalate dramatically, with a 500% increase recorded over the last day, signaling a surge in user activity and market...

Samsung Capitalizes on AI Boom with Advanced Memory Chips and Home Automation with Jet Bot Success

Amid the global AI surge, Samsung has expanded its memory chip production and scored big with its Bespoke Jet Bot Combo, quickly selling over 10,000 units in South Korea. Samsung is one of the worlds most significant...