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Sun, May 05, 2024 01:28 PM All times are UTC

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FxWirePro:S&P500 trades higher for fourth consecutive day on US-China trade optimism, jump till 2820 likely

Feb 14, 2019 10:06 am UTC| Technicals

SP500 is trading higher for fourth consecutive day after breaking major resistance around 2744. The index has closed above 200- day MA for 2ndconsecutive day on US-China trade optimism and better than expected corporate...

FxWirePro: FTSE100 hits 2-1/2 month high following footsteps of global market, jump till 7314 likely

Feb 14, 2019 09:27 am UTC| Technicals

FTSE100 `continues to trade higher for 5thconsecutive day following more than 50 points jump yesterday. The index is trading higher following footsteps of US market. SP500 has broken 200- day MA after a long consolidation...

FxWirePro: EUR/CAD slips below 78.6% Fib at 1.4944, bias lower, stay short

Feb 14, 2019 09:18 am UTC| Technicals

EUR/CAD chart on Trading View used for analysis The single currency remains bid as we await EU preliminary Q4 GDP data. EUR/CAD trades 0.08% higher at 1.4935 at 0910 GMT, bias remains bearish. Technical...

FxWirePro: Silver remains well supported below $15.70 mark, good to sell on rallies

Feb 14, 2019 09:03 am UTC| Technicals

XAG/USD is currently trading around $15.58 marks. It made intraday high at $15.66 and low at $15.52 levels. Intraday bias remains bearish till the time pair holds key resistance at $15.72 mark. A daily close...

FxWirePro:EURUSD trades lower after stall German GDP data,good to sell on rallies

Feb 14, 2019 09:01 am UTC| Technicals

EURUSD has pared some of its loss made yesterday after better than expected German prelim GDP data.Euro has jumped till 1.13414 on Feb 12thand shown a decline till 1.12489. The German 4thquarter GDP came at 0% compared to...

FxWirePro: AUD/NZD resumes weakness after rejection at 21-EMA, stay short

Feb 14, 2019 08:57 am UTC| Technicals

AUD/NZD chart on Trading View used for analysis AUD/NZD is trading 0.16% lower at 1.0412 at 0845 GMT, bias bearish. The pair is extending previous sessions slump, scope for further downside. Price action is...

FxWirePro: EUR/GBP capped at 21-EMA ahead of EU Q4 GDP data, bias neutral

Feb 14, 2019 07:31 am UTC| Technicals

EUR/GBP chart on Trading View used for analysis EUR/GBP is trading largely unchanged at the time of writing after hitting session highs at 0.8770 and lows of 0.8754. Technical indicators for the pair do not...

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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

Leaked: New Huawei Luxeed SUV Images Fuel Anticipation for Tech Upgrades

Recently leaked photos allegedly showcasing the Huawei Luxeed SUV have ignited speculation over the vehicles advanced features and smart technology, potentially setting a new benchmark in the automotive...

Bitfinex CTO Deems Database Breach Claims 'Fake' Amidst Hacker Allegations

Bitfinexs Chief Technology Officer Paolo Ardoino has cast doubts on claims of a database breach by hacker organization FSOCIETY, branding the allegations as fake. Ardoino refuted the purported leak of 22,500 user emails...

Walmart Spotted with Tesla Semi in California as True Launch Date Revealed

Walmarts adoption of a Tesla Semi hit the California highways, signaling the electric trucks expanding reach. The sighting follows Teslas revelation of a late 2025 and early 2026 launch window for the highly anticipated...

Altcoin Market Rally Predicted, Analysts Forecast $4 Trillion Market Cap Surge

Analysts are predicting a substantial rally in the altcoin market, with projections indicating a surge that could drive the market cap to an impressive $4 trillion. This optimistic outlook is supported by positive economic...

Shiba Inu's Remarkable 12% Surge Fueled by Record SHIB Burns, Community Momentum

Shiba Inus ascent reaches new heights as the cryptocurrency experiences a remarkable 12% surge, fueled by record-breaking SHIB burns. The surge reflects robust community engagement and underscores the dynamic nature of the...