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FxWirePro: USD/ZAR back above 12.00 mark, faces strong resistance at 12.15 mark

Apr 13, 2018 07:16 am UTC| Technicals

USD/ZAR is currently trading around 12.04 levels. It made intraday high at 12.06 and low at 12.02 levels. Intraday bias remains bullish till the time pair holds key support at 11.92 mark. A daily close...

FxWirePro: USD/JPY breaks into daily cloud, hits fresh 2-month highs at 107.59, bias higher

Apr 13, 2018 07:02 am UTC| Technicals

USD/JPY has broken consolidation below daily cloud and has broken above. The pair has hit fresh 2-month highs at 107.59 and we see scope for further gains. Improving risk-appetite weighed on the Japanese Yens...

FxWirePro: Chinese yuan trades almost flat despite lower than expected trade balance data

Apr 13, 2018 06:30 am UTC| Technicals

USD/CNY is currently trading around 6.2865 marks. It made intraday high at 6.2927 and low at 6.2864 levels. Intraday bias remains neutral for the moment. A sustained close above 6.2890 marks will test key...

FxWirePro: EUR/AUD Trade Idea

Apr 13, 2018 06:09 am UTC| Technicals

FxWirePro Currency Strength Index for EUR/AUD: Bias Bearish FxWirePros Hourly EUR Spot Index was at -26.306 (Neutral) FxWirePros Hourly AUD Spot Index was at 97.2781 (Bullish) Technical Analysis: Bias Bearish - Price...

FxWirePro: USD/INR remains well supported above 65.00 mark, good to buy on dips

Apr 13, 2018 05:53 am UTC| Technicals

USD/INR is currently trading around 65.14 marks. It made intraday high at 65.34 and low at 65.11 marks. Intraday bias remains slightly bullish till the time pair holds key support at 65.08 mark. Key...

FxWirePro:Nikkei recovers slightly on easing Middle east tension, good to buy on dips

Apr 13, 2018 05:37 am UTC| Technicals

Nikkei has shown a minor recovery from the low of 21872 made yesterday on account of easing Middle east tension.US markets has jumped slightly almost 1% mostly led by banks. Global markets jump after Donald Trump tweet...

FxWirePro: EUR/GBP consolidates previous session's massive slump, hovers around channel base at 0.8860

Apr 13, 2018 04:55 am UTC| Technicals

EUR/GBP saw a huge dive overnight as the Euro slumped across the board as ECB minutes and poor data weighed. The ECB minutes showed members remain widely concerned over the risk of trade conflicts and the absence of...

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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

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...

Leak: Huawei's Kirin PC Chip, Qingyun Notebooks to Launch Next Month

Leaked information hinting at the imminent debut of the highly anticipated Kirin PC chip alongside the release of new Qingyun notebooks. The introduction of this computer-dedicated CPU marks a significant milestone for...
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