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FxWirePro: Cloud caps upside in BCH/USD, bias bearish, stay short

Aug 02, 2018 05:41 am UTC| Digital Currency Technicals

BCH/USD is trading in a narrow range, with session high at 772 and low at 758. The pair is extending weakness for the 4th straight session, bias remains bearish. Daily Ichimoku cloud weighs heavily on the upside,...

FxWirePro: Indian rupee trades marginally lower after RBI’s repo rate increase decision, faces strong support at 68.15 mark

Aug 02, 2018 05:29 am UTC| Technicals

USD/INR is currently trading around 68.26 marks. It made intraday high at 68.30 and low at 68.16 marks. Intraday bias remains slightly bullish till the time pair holds key support at 68.15 mark. Key...

FxWirePro: USD/CNY stabilizes above 6.80 mark, PBOC sets yuan mid-point at 6.7942

Aug 02, 2018 05:05 am UTC| Technicals

USD/CNY is currently trading around 6.8179 marks. It made intraday high at 6.8189 and low at 6.8054 levels. Intraday bias remains bullish for the moment. A sustained close above 6.8205 marks will test key...

FxWirePro: Nikkei trades lower on trade war escalation,good to buy on dips

Aug 02, 2018 04:00 am UTC| Technicals

Asian markets are trading weak on fresh tariff fears. US President Trump has threatened to impose 25% on $200 billion worth of Chinese imports. Chinese markets has lost more than 2% for the day and more than 5% from the...

FxWirePro: CAD/CHF breaks above 200-DMA, on track to test 61.8% Fib at 0.7686

Aug 02, 2018 03:52 am UTC| Technicals

CAD/CHF has closed above major resistance at 200-DMA signalling upside continuation. Technical indicators for the pair are bullish. RSI and Stochs are sharply higher, signalling strong momentum higher. Price...

FxWirePro: NZD/CAD 'Symmetric Triangle' breakout raises scope for further downside, stay short

Aug 02, 2018 03:30 am UTC| Technicals

NZD/CAD has shown a decisive breakout of Symmetric Triangle pattern raising scope for further weakness. The pair is consolidating previous session losses, is trading in a narrow range with a days high at 0.8834 and...

FxWirePro: USD/TWD trades in narrow range, stay bullish only above 30.70 mark

Aug 02, 2018 02:51 am UTC| Technicals

USD/TWD is currently trading around 30.62 marks. It made intraday high at 30.64 and low at 30.60 marks. Intraday bias remains neutral till the time pair holds key resistance at 30.70 mark. A daily close...

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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,...