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Fri, Apr 26, 2024 03:23 AM All times are UTC

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FxWirePro: Spot out lingering GBP/CAD bears on bearish crossovers and buzzing bulls on double bottom pattern – Hedge the perplexity via ATM straddles

Apr 11, 2018 09:29 am UTC| Technicals

Shooting star patterns have occurred at 1.8268 and 1.7938 levels on daily plotting, consequently, the price dips are observed. Trend study in the minor trend: 7DMA has crossed below 21DMA which is the bearish crossover,...

FxWirePro: AUD/JPY edges lower from 4-week highs at 83.37, break above 55-EMA could see further upside

Apr 11, 2018 08:33 am UTC| Technicals

AUD/JPY edges lower from 4-week highs at 83.37, trades 0.25% lower on the day. Price action has broken above 23.6% Fib at 82.52, bias is bullish. Momentum studies support upside and RSI shows strength above 50...

FxWirePro: Silver trades higher, stay bullish only above $16.62

Apr 11, 2018 08:07 am UTC| Technicals

XAG/USD is currently trading around $16.59 marks. It made intraday high at $16.61 and low at $16.51 levels. Intraday bias remains bullish till the time pair holds key support at $16.40 mark. A daily close...

FxWirePro: GBP/JPY trade higher on BOE McCaffrey hawkish statement, good to buy on dips

Apr 11, 2018 07:33 am UTC| Technicals

GBP/JPY is continuing its bullish trend for third consecutive day. The pair made fresh high for the week at 152.16 and showing a minor profit booking. The pair recovered sharply yesterday after hawkish comments by BOE MPC...

FxWirePro: Turkish lira weakens to record low beyond 4.1500 against U.S. dollar, stay bullish

Apr 11, 2018 07:23 am UTC| Technicals

USD/TRY is currently trading at 4.1539 levels. It made intraday high at 4.1561 and low at 4.1058 levels. Intraday bias remains bullish till the time pair holds key support at 4.0302 levels. Key resistances...

FxWirePro: ETH/EUR extends grind higher along 5-DMA, break above 20-DMA required for further upside

Apr 11, 2018 06:50 am UTC| Technicals Digital Currency

ETH/EUR extends grind higher along 5-DMA which offers immediate support at 326 levels. The pair is trading an extremely narrow range, hit a days high of 339 and a low of 333. Upside finds stiff resistance at...

FxWirePro: Gold trades higher on weak US dollar, good to buy on dips

Apr 11, 2018 06:46 am UTC| Technicals

Gold is trading higher in Asian session following a minor bullishness yesterday. The reason for slight jump in yellow metal is due to slight weakness in US dollar. The yellow metal is showing lot of buying interest at...

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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...

What if the Reserve Bank itself has been feeding inflation? An economist explains

Heres something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May...

China’s new world order: looking for clues from Xi’s recent meetings with foreign leaders

There is broad consensus that Chinese foreign policy has become more assertive and more centralised in the decade since Xi Jinping has ascended to the top of Chinas leadership. This has also meant that Chinese foreign...

How India’s economy has fared under ten years of Narendra Modi

More than 960 million Indians will head to the polls in the worlds biggest election between April 19 and early June. The ruling Bharatiya Janata Party (BJP), which is led by Prime Minister Narendra Modi, is seeking a third...

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,...

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...

Georgia is sliding towards autocracy after government moves to force through bill on ‘foreign agents’

Georgias ruling party attempted to pass a controversial bill on foreign agents in March 2023. The law would have required civil society groups and the media to register as being under foreign influence if they receive...

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

Shiba Inu Announces Shibarium Hardfork: New Capabilities Teased, SHIB Price Jumps 3.2%

Shiba Inu has announced a transformative hardfork for its Shibarium platform, set for May 2, promising enhanced features and a surge in SHIBs price by 3.2% in response to the news. Shibarium Hardfork Set for May 2:...

Qualcomm Responds to Snapdragon X Elite Benchmark Cheating Claims

Qualcomm has responded to the serious allegations that it cheated on performance benchmarks for its Snapdragon X Elite and Plus chips, targeting competition with leading laptop processors. According to Toms Hardware,...

Japanese Yen Hits Record Low As Bitcoin Surges Globally

In a stunning financial shift, the Japanese yen has reached a 34-year low against Bitcoin, which also hit all-time highs in 14 countries, fueled by optimism surrounding new spot Bitcoin ETFs. Yen Hits 34-Year Low as...

Worldcoin Targets OpenAI Alliance, Faces Scrutiny Amid Regulatory Challenges

Worldcoin, a digital identification innovator, is eyeing a partnership with OpenAI despite facing regulatory scrutiny and data privacy concerns. The collaboration aims to bolster its technological advancements and market...

SHIB Community Ignites Burn Rate by 2,076% Following Major Announcement

The Shiba Inu community has dramatically increased the SHIB burn rate by 2,076% in response to a recent significant announcement, signaling a proactive shift in strategy. Shiba Inu Community Ramps Up Token Burns,...