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FxWirePro: GBP/USD trades well below 1.300, dip till 1.2800 likely

Aug 06, 2018 10:28 am UTC| Technicals

GBP/USD is trading weak for third consecutive day.The pair has lost more than 300 pips in previous week after weak UK economic data and dovish rate hike by BOE. The pair hits low of 1.2955 for the day and is currently...

FxWirePro: GBP/JPY trades well below 145,dip till 143 likely

Aug 06, 2018 09:34 am UTC| Technicals

GBP/JPY is trading weak for fourth consecutive day and lost more than 250 pips from high of 147.15 made previous week .GBP was trading weak against all majors in previous week after weak economic data and dovish rate hike...

FxWirePro: CAD/CHF consolidates break above daily cloud, eyes 61.8% Fib at 0.7686

Aug 06, 2018 09:16 am UTC| Technicals

Refer CAD/CHF chart on Trading View CAD/CHF is consolidating break above daily cloud, bias remains bullish. The pair has closed above 200-DMA and break above cloud signals upside continuation. Technical...

FxWirePro: USD/ZAR rejects key resistance at 13.50 mark, sustained close above requires for upside rally

Aug 06, 2018 08:22 am UTC| Technicals

USD/ZAR is currently trading around 13.37 levels. It made intraday high at 13.39 and low at 13.30 levels. Intraday bias remains neutral till the time pair holds key resistance at 13.50 marks. A daily...

FxWirePro: NZD/CAD holds support at 88.6% Fib, break below will see further weakness

Aug 06, 2018 08:16 am UTC| Technicals

Refer NZD/CAD chart on Trading View NZD/CAD pauses downside at 88.6% Fib support at 0.8742, break below will see further weakness. Markets await RBNZ policy decision later this week which could offer fresh...

FxWirePro: AUD/USD minor trend drifts in range on engulfing patterns, bears nudge prices below EMAs in major trend ahead of RBA

Aug 06, 2018 07:28 am UTC| Technicals Insights & Views

AUDUSD forms bearish engulfing patterns at 0.7366 and 0.7376 levels and the stiff resistance is observed at 0.7444 0.7484 areas. Ever since the formation of aforementioned bearish patterns, the failure swings are...

FxWirePro: Gold Daily Outlook

Aug 06, 2018 06:59 am UTC| Technicals

Overall trend - bearish Gold has recovered slightly after US non farm payroll data. US economy has added only 157000 jobs for the month of Jul compared to forecast of 193000 and unemployment rate declines below 4% and...

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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

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...

Bitcoin Miners See Sharp Drop in Fee Revenue Following Halving Event

Following the recent Bitcoin halving, transaction fees, which once soared, now represent just 35% of miner revenue, significantly impacting their earnings amidst stable network conditions. Bitcoin Halving Sees Miner...

Adidas and Stepn Unveil NFT Sneakers in Trailblazing Web3 Partnership

Adidas has partnered with the Solana-based fitness app Stepn to launch an exclusive NFT sneaker collection, signaling the sports giants further dive into the Web3 space. Adidas Steps Into Web3 with Stepn Collaboration,...