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Tue, May 07, 2024 06:49 AM All times are UTC

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FxWirePro: USD/DKK breaks below 200-DMA, intraday bias bearish

Jan 15, 2020 11:54 am UTC| Technicals

The Danish Krone rallied to a 1-week peak, hovering away from multi-week lows hit last week. USD/DKK is currently trading 0.2 percent down at 6.7037, having hit low of 6.6990 earlier, its lowest since Jan. 8. The...

FxWirePro: USD/NOK gains as Norway's trade surplus declines, jump till 8.9142 likely

Jan 15, 2020 11:06 am UTC| Technicals

The Norwegian Krone eased, reversing most of its previous session gains following downbeat December balance of trade figures. Norways trade surplus decreased to NOK 25.6 billion in December from NOK 26.29 billion in...

FxWirePro: USD/TRY extends gains ahead of CBRT interest rate decision, good to buy on dips

Jan 15, 2020 10:36 am UTC| Technicals

The Turkish Lira eased, drifting further away from a 4-week peak recorded earlier in the week ahead of the Central Bank of the Republic of Turkeys (CBRT) interest rate decision. The CBRT slashed its one-week repo...

FxWirePro: EUR/SEK halts 2-day losing streak on Sweden's soft inflation figures

Jan 15, 2020 09:57 am UTC| Technicals

The Swedish Krona declined after rising for two straight sessions following soft inflation figures. Swedens annual inflation rate came in at 1.8 percent in December, unchanged from the previous month and matching...

FxWirePro: Silver back above $17.80 mark, stay long

Jan 15, 2020 05:07 am UTC| Technicals

XAG/USD is currently trading around $17.87 marks. It made intraday high at $17.88 and low at $17.76 levels. Intraday bias remains bullish for the moment. A daily close above $17.80 will test key resistances...

Renminbi Series

Chinese yuan erases previous gain against U.S. dollar, bias remains slightly bullish

Jan 15, 2020 04:10 am UTC| Technicals

USD/CNY is currently trading around 6.8954 marks. It made intraday high at 6.8978 and low at 6.8835 levels. Intraday bias remains bullish till the time pair holds key support at 6.8835 mark. A sustained...

FxWirePro: USD/SGD rejects key support at 1.3457 mark, short term trend reversal likely

Jan 15, 2020 03:11 am UTC| Technicals

USD/SGD is currently trading around 1.3478 marks. It made intraday high at 1.3484 and low at 1.3468 levels. Intraday bias remains bullish till the time pair holds key support at 1.3456 mark. A daily close...

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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

NVIDIA & AMD Secure TSMC’s CoWoS Supply Through 2025 Amid AI Boom

In a significant move underscoring the fierce competition in the AI sector, AMD and NVIDIA have reportedly locked in all of TSMCs Chip-on-Wafer-on-Substrate (CoWoS) manufacturing capacity for the next two years. This...

USDh Launches as First Bitcoin-Backed Dollar Offering 25% Yield

In a groundbreaking development in Bitcoin-native decentralized finance (DeFi), Hermetica has announced the launch of USDh, the first synthetic dollar backed by Bitcoin with a promising yield of up to 25%. Set to debut in...

Huawei's Mate 70 Series to Run on Kirin 9100 Chip: AnTuTu Scores Equal Snapdragon 8 Gen 1

Rumors swirl around Huaweis upcoming Mate 70 flagship series, hinting at a groundbreaking inclusion: the Kirin 9100 chipset. Initial performance figures suggest the chip matches Qualcomms Snapdragon 8 Gen 1, setting the...

Kraken's Bold Move: Expanding into Germany with DLT Finance Partnership

Cryptocurrency giant Kraken makes waves with its strategic decision to launch operations in Germany, a pivotal move in its broader European expansion plan. Teaming up with DLT Finance, a regulated financial institution,...

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...