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FxWirePro: EUR/KRW hovers around key support at 1,327 mark, sustained close below targets 1,317 mark

May 23, 2019 00:54 am UTC| Technicals

EUR/KRW is currently trading around 1,328 mark. It made intraday high at 1,328 and low at 1,327 levels. Intraday bias remains neutral till the time pair holds key support at 1,327 mark. A sustained close...

FxWirePro: Buy CHFJPY above 109.60 (intraday trade idea)

May 22, 2019 14:00 pm UTC| Technicals

Ichimoku analysis (Hourly chart) Tenken-Sen- 109.36 Kijun-Sen- 109.369 CHFJPY is consolidating after hitting high of 109.63 yesterday.The slight bullishness in Swiss franc is ongoing trade tension...

USDCAD trades well below 55- day EMA,dip till 1.3275 likely

May 22, 2019 13:37 pm UTC| Technicals

USDCAD is trading extremely weak and lost more than 150 pips in past four trading days on rising crude oil and easing trade aluminium,steel tariff tension between US and Canada. Canadian retail sales data released today...

FxWirePro: FTSE100 Daily Outlook

May 22, 2019 12:24 pm UTC| Technicals

FTSE100 has broken high of 7363 made on May 16thafter long consolidation on weak Pound sterling. GBP recovered sharply more than 100 pips after Theresa May offered new Brexit plan on Tuesday but MPs reacted negatively to...

Crypto Technicals: BTC/GBP pivotal at 1H 200-SMA (6123), weakness likely on break below

May 22, 2019 12:05 pm UTC| Digital Currency Technicals

BTC/GBP chart - Trading View Exchange - Coinbase Support: 6123 (1H 200-SMA); Resistance: 7040 (Upper BB) Technical Analysis: Bias Neutral BTC/GBP trades in the red for the 3rd straight session, hovers around...

Crypto Technicals: Litecoin grinds lower for the 3rd straight session, scope for test of 50-DMA (81.52)

May 22, 2019 11:29 am UTC| Digital Currency Technicals

LTC/USD chart - Trading View Exchange - Coinbase Support: 86 (21-EMA); Resistance: 98 Technical Analysis: Bias Slightly Bearish LTC/USD is extending weakness for the 3rd straight session, bias lower. The...

FWirePro: EURUSD continues to trade lower on possible US blacklist expansion, good to sell on rallies

May 22, 2019 11:11 am UTC| Technicals

EURUSD has once again declined after showing minor jump above 1.11750. Overall trend is still weak and fundamental factors are supporting US dollar.The main reason was Brexit uncertainty and UK PM May offers a plan to go...

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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...