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FxWirePro:CHF/JPY trade Idea

Aug 02, 2018 12:07 pm UTC| Technicals

Major resistance- 113.25. The pair has declined once again after showing a minor jump above 113. The pair hits high of 113.17 and declined almost 80 pips from that level. CHJPY is trading weak and has closed...

FxWirePro: US Oil hits 6-week lows, slips below $67 mark, Baker Hughes data in focus

Aug 02, 2018 12:05 pm UTC| Technicals

US Oil slips below $67 per barrel mark, hits 6-week lows, bias lower. Oil prices are on the slide once again as constraints and supply buildups prove to be short-lived. After API report showed an unexpected rise...

Digital Currency Revolution

FxWirePro: ETH/USD eyes key support at 400, bias bearish

Aug 02, 2018 11:44 am UTC| Digital Currency Technicals

ETH/USD dropped to 407 levels on Wednesday before closing at 419 levels. The pair failed to hold above the trend line joining 360 and 404.22 and is currently trading at 413 levels (Coinbase). The pairs upside is...

FxWirePro: EUR/CAD extends weakness after rejection at 21-EMA, eyes 61.8% Fib at 1.5095

Aug 02, 2018 10:43 am UTC| Technicals

EUR/CAD hits 7-week lows at 1.5125, further downside on cards. The pair has slipped below 200-DMA and daily cloud. Momentum indicators are highly bearish. RSI at 34 and sharply lower. DMI support downside...

FxWirePro: USD/CAD recovers slightly after hawkish Fed,NAFTA trade talks in focus

Aug 02, 2018 10:19 am UTC| Technicals

Canadian dollar hits week high on account of better than economic data and slight progress in NAFTA talks. Guillermo Malpica head of trade and NAFTA Mexico said that US has started showing more flexibility last week. The...

FxWirePro: NZD/USD slides on escalating Sino-US trade tensions, focus on US non-farm payrolls for further impetus

Aug 02, 2018 10:14 am UTC| Technicals

NZD/USD extends slump, dives 0.58% on the day to trade at 0.6752 at the time of writing. The antipodeans remain under pressure on escalating Sino-US trade tensions. The US President Trump proposed increasing the...

FxWirePro:EUR/USD trades lower on hawkish Fed and renewed trade war, good to sell on rallies

Aug 02, 2018 09:05 am UTC| Technicals

EUR/USD is trading lower and lost more than 80 pips from yesterdays high of 1.16996 after more hawkish fed policy. Fed has kept its interest rates unchanged at 1.75%-2% and has upgraded the assessment of US economy from...

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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,...