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FxWirePro: FTSE100 trades extremely weak on Brexit turmoil, good to sell on rallies

May 23, 2019 13:13 pm UTC| Technicals

FTSE100 trading weak for past two days and lost more than 100 points on ongoing Brexit news. UK PM Theresa May is expected to step down if conservative party looses in election happening in Europe.Eurpoean election latest...

Crypto Technicals: IOT/USD holds 21-EMA support, retrace till 0.3185 (200-DMA) likely on break below

May 23, 2019 12:12 pm UTC| Digital Currency Technicals

IOT/USD chart - Trading View Exchange - Bitfinex Support: 0.3612 (21-EMA); Resistance: 0.4007 (5-DMA) Technical Analysis: Bias Bearish IOT/USD extends grind lower, trades at 0.3746 at 12:00 GMT. The pair has...

Crypto Technicals: BTC/USD bounces off session lows with 'Hammer' formation, bias neutral

May 23, 2019 11:24 am UTC| Digital Currency Technicals

BTC/USD chart - Trading View Exchange - Coinbase Support: 7110 (21-EMA); Resistance: 7882 (5-DMA) Technical Analysis: Bias Neutral BTC/USD extends weakness for the 4th straight session. Price action has...

FxWirePro: XAU/USD bears travel through falling wedge, Can Gold drag slumps to form triple top pattern?

May 23, 2019 11:10 am UTC| Technicals

Technical glance:Golds (XAUUSD) minor trend has formed a falling wedge pattern. Gravestone doji has occurred at stiff wedge resistance and at $1,296.20 levels, consequently, bears have been attempting to nudge prices...

FWirePro: EURUSD hits 4- week low on trade escalation, markets eye European election

May 23, 2019 11:07 am UTC| Technicals

EURUSD hits 4-week low at 1.11291 on account of US-Sino trade tension and Brexit uncertainty.US -China 11thround of talks happened on May 5thin Washington but ended with no trade deal. US imposed further tariffs to Chinese...

FxWirePro: Nifty declines after hitting 12000 on Modi's historic sweep, good to buy on dips

May 23, 2019 10:17 am UTC| Technicals

Nifty hits record high 12041 after BJP thumping victory in 2019 election. According to latest trend BJP ha crossed half way mark 270 and racing towards 345 mark.The index currently lost nearly 400 points from high on high...

Crypto Technicals: ETH/USD breaks below 200-SMA, tests 23.6% Fib at 234

May 23, 2019 09:34 am UTC| Digital Currency Technicals

ETH/USD chart - Trading View Exchange - Coinbase Support: 216.96 (21-EMA); Resistance: 267.51 (Weekly cloud base) Technical Analysis: Bias Neutral to Slightly Bearish ETH/USD trades 3.56% lower on the day at...

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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 Unveils $10 Billion AI Investment to Propel Tesla's Autonomy

In a bold stride towards futuristic transportation, Elon Musk has declared a $10 billion investment in artificial intelligence for Tesla, aiming to enhance its autonomous driving technology and potentially launch a...

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's Bold Strategy Pays Off: Stock Skyrockets Amid Bitcoin Fluctuations

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...