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FxWirePro: NZD/USD extends recovery from new 7-month lows at 0.6481, break above 1H 200-SMA to see further upside

May 24, 2019 07:21 am UTC| Technicals

NZD/USD chart - Trading View NZD/USD is extending recovery from new 7-month lows at 0.6481, trades 0.18% higher on the day at 0.6530 at 07:15 GMT. Antipodeans better bid on the day on improved risk sentiment and...

FxWirePro: USD/CNY consolidates around 6.90 mark, PBOC sets yuan mid-point at 6.8993

May 24, 2019 07:11 am UTC| Technicals

USD/CNY is currently trading around 6.9060 marks. It made intraday high at 6.9142 and low at 6.9006 levels. Intraday bias remains neutral till the time pair holds key resistance at 6.9181 mark. A sustained...

FxWire Pro: USD/INR trades in narrow range, bias remains neutral

May 24, 2019 06:23 am UTC| Technicals

USD/INR is currently trading around 69.58 marks. It made intraday high at 69.75 and low at 69.57 marks. Intraday bias remains neutral for the moment. Key resistances are seen at 69.85, 70.20, 70.52, 70.85,...

FxWirePro: CAD/JPY bears prove more potential in head and shoulder patterns – Trade tunnel spreads and uphold short hedges

May 24, 2019 06:19 am UTC| Technicals

Take a Glance at Technical analysis:CADJPYhas slid way below DMAs ever since the formation of hanging man and bearish engulfing patterns at stiff resistance of 82.571 levels. Hanging man patterns have occurred at...

FxWirePro: AUD/USD trades in narrow range, recovery capped at 1H 200-SMA

May 24, 2019 06:01 am UTC| Technicals

AUD/USD chart - Trading View AUD/USD edged higher overnight on improved risk sentiment and weaker USD amid poor U.S. data. Recovery in the pair is capped at 1H 200-SMA, bias remains bearish. The pair is trading...

FxWirePro: USD/TWD rejects key resistance at 31.57 mark, short term trend reversal likely

May 24, 2019 05:11 am UTC| Technicals

USD/TWD is currently trading around 31.49 marks. It made intraday high at 31.56 and low at 31.47 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 31.57 marks. A daily...

FxWirePro: EUR/CHF pauses downside at 1.12 handle, bias bearish

May 24, 2019 04:30 am UTC| Technicals

EUR/CHF chart - Trading View EUR/CHF consolidates previous sessions losses, extends marginal gains in the Asian session. Price action has paused downside at 1.12 handle, bias remains bearish. Momentum studies are...

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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

KT Innovates Media, Content Business Through AI

KT Group is transforming its media and content business through artificial intelligence (AI). The company is innovating the mentioned units as part of its acceleration strategy. According to Yonhap News Agency, KT said...

Elon Musk Secures Crucial Data Deal for Tesla with Baidu in China

In a significant development, Tesla has forged a partnership with Baidu, obtaining crucial lane-level navigation data for its Full Self-Driving system in China. This deal represents a major advancement in Teslas ambitious...

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...