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Crypto Technicals: ETH/USD retraces above 1H 200-SMA, 'Hammer' on daily charts signals further gains

May 24, 2019 12:12 pm UTC| Digital Currency Technicals

ETH/USD chart - Trading View Exchange - Coinbase Support: 221.23 (21-EMA); Resistance: 267.51 (Weekly cloud base) Technical Analysis: Bias Bullish ETH/USD has retraced above 1H 200-SMA and hourly cloud. The...

FxWirePro: EURUSD recovers sharply on declining US yield, good to buy on dips

May 24, 2019 10:57 am UTC| Technicals

EURUSD recovered sharply nearly 100 pips from low of 1.11070 on declining US bond yield. US 10 year yield declined more than 3.5% yesterday and hits lowest level since Dec 2017. The spread between US 10 year and German...

FxWirePro: EUR/CHF bears resume after back-to-back shooting stars – Trade spot for luring risk/reward, one-touch put and short hedge

May 24, 2019 10:53 am UTC| Technicals

Technical Glance:EURCHFbears nudge prices below DMAs on bearish engulfing patterns (refer daily plotting), consequently, strong support is breached below 1.1307 levels. For today, mild rallies are unlikely to sustain as...

Crypto Technicals: BTG/USD grinds higher along 21-EMA, breakout at 61.8% Fib (25.74) will accentuate gains

May 24, 2019 10:17 am UTC| Digital Currency Technicals

BTG/USD chart - Trading View Exchange - Binance Support: 21.46 (21-EMA); Resistance: 26.10 (trendline) Technical Analysis: Bias Bullish Bitcoin Gold extends gradual grind higher along 21-EMA support, bias...

FxWirePro: USDCHF hits 1-month low on ongoing geoplitical tension, good to sell on rallies

May 24, 2019 09:28 am UTC| Technicals

USDCHF is trading extremely weak and lost more than 90 pips on ongoing politcal tension in UK and trade ar escalation. UK PM May has announced exit date as Jun 7thand cabinet rejected new Brexit deal. Andrea Leadsom House...

Crypto Technicals: LTC/USD bounces off 21-EMA support, next bull target $109

May 24, 2019 08:38 am UTC| Digital Currency Technicals

LTC/USD chart - Trading View Exchange - Coinbase Support: 87.01 (21-EMA); Resistance: 98 Technical Analysis: Bias Bullish LTC/USD is extending gains for the 2nd straight session, bias higher. The pair was...

FxWirePro: USD/ZAR remains well supported below 14.50 mark, bias remains slightly bearish

May 24, 2019 08:09 am UTC| Technicals

USD/ZAR is currently trading around 14.41 levels. It made intraday high at 14.49 and low at 14.39 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 14.50 marks. A...

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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...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

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,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

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

Elon Musk Injects $10 Billion Into Tesla AI, Eyes Autonomous Robotaxi

Elon Musk has declared a monumental $10 billion investment in Teslas artificial intelligence, setting the stage for advanced autonomous driving and a potential Robotaxi service. Tesla to Invest $10 Billion in AI for...

OpenAI and Worldcoin Eye Strategic Partnership Amid Regulatory Gaze

Amid escalating regulatory scrutiny, OpenAI, led by Sam Altman, is reportedly discussing a potential partnership with Worldcoin, another venture Altman co-founded. As detailed by Bloomberg, these talks could lead to...

Traders Forecast Best Altseason Since 2017 as Bitcoin Momentum Cools

As Bitcoin stabilizes above $64,000, traders forecast a burgeoning altcoin market that may mirror the explosive growth last seen in 2017. Bitcoin Rebounds Over Weekend, Traders Anticipate Potential Altcoin...

MicroStrategy Stock Skyrockets 461.7% Despite Bitcoin Market Turmoil

Despite the cryptocurrencys volatility, MicroStrategys stock soared by an impressive 461.7% over the past year, buoyed by strategic investments in Bitcoin and innovative debt management. MicroStrategy Triumphs: Stock...

Elon Musk in Beijing to Propel Tesla's Self-Driving Tech in China

Tesla CEO Elon Musk unexpectedly visited Beijing on Sunday to discuss launching Teslas Full Self-Driving technology in China and navigate data transfer policies amidst heightened US-China trade collaborations. Elon Musk...