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Thu, May 09, 2024 04:02 AM All times are UTC

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FxWirePro: USD/CNY consolidates around 6.6350 mark, PBOC sets yuan mid-point at 6.6263

Nov 15, 2017 06:26 am UTC| Technicals

USD/CNY is currently trading around 6.6324 marks. It made intraday high at 6.6362 and low at 6.6265 levels. Intraday bias remains neutral for the moment. A sustained close above 6.6349 marks will test key...

FxWirePro: AUD/CAD breaks major trendline support at 0.9685, hits 10-month lows at 0.9653, bias bearish

Nov 15, 2017 06:25 am UTC| Technicals

AUD/CAD slumps lower to hit 10-month lows at 0.9653, bias remains bearish. The pair has broken major trendline support at 0.9685, bears now eye 61.8% Fib retrace of 0.9150 to 1.0397 rally at 0.9626. Technical...

FxWirePro:Gold forms Cup and Handle pattern, good to buy above $1283

Nov 15, 2017 05:52 am UTC| Technicals

Pattern formed Cup and Handle Gold has formed a minor bottom around $1265 and is consolidating from that level for past two weeks. The yellow metals jumped till $1288 and is currently trading around $1280. The...

FxWirePro: EUR/AUD breaks above 61.8% Fib at 1.5455, next bull target 1.5646 (May 2017 high)

Nov 15, 2017 05:28 am UTC| Technicals

EUR/AUD breaks above 61.8% Fib at 1.5455 as the pair extends Symmetric Triangle breakout. The major has hit 18-month highs at 1.5563, momentum studies are highly bullish. Next bull target lies at 1.5646 (May 2017...

FxWirePro: USD/THB hits fresh 2-month low at 33.03 mark, bias remains bearish

Nov 15, 2017 04:59 am UTC| Technicals

USD/THB is currently trading around 33.04 marks. It made intraday high at 33.06 and low at 33.03 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 33.10 mark. A daily...

FxWirePro: AUD/JPY breaks 200-DMA support at 86.02, hits 3-month lows, bias bearish

Nov 15, 2017 04:38 am UTC| Technicals

AUD/JPY has broken below major 200-DMA support at 86.02, hits 3-month lows at 85.65. Aussie was dented by disappointing wage price and consumer sentiment index data released earlier today. The wage price index...

FxWirePro: AUD/USD slips below 0.76 handle, finds strong support at 0.7575, break below to accentuate weakness

Nov 15, 2017 04:25 am UTC| Technicals

AUD/USD is extending break below major trendline support at 0.7635, slips below 0.76 handle. The pair has hit fresh multi-month lows at 0.7576, bias remains bearish. Disappointing wage price, consumer sentiment...

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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

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

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...

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

EU Seizes Two Tesla Cybertrucks at Belarus Border Amid Russia Smuggle Attempt

In striking enforcement of EU sanctions, Lithuanian authorities at the Salčininku border crossing with Belarus confiscated two Tesla Cybertrucks. These vehicles, not yet released in Europe, were suspected of being smuggled...

Sam Altman Warns: AI's Economic Impact Greater Than Anticipated

During a recent panel at the Brookings Institute, Sam Altman, CEO of OpenAI, expressed deep concerns about the rapid socioeconomic changes driven by AI technologies. Altman highlighted the potential for significant job...

Shiba Inu Insider Drops Major Shiba Eternity Update; Community Anticipates Enhancements

Shiba Eternity: Lucies Tease Unveils Play-to-Earn Features and Breeding Mechanics The Shiba Inu community is buzzing with excitement following a recent announcement from a critical team member about Shiba Eternity, as...

Crypto Market Selloff: BTC, ETH, SOL, XRP, SHIB Prices Plummet, Crash Fears Grow

The cryptocurrency market shows new symptoms of weakness as bulls and bears battle for supremacy. Investors have recently lost about $150 billion, with the cryptocurrency market valuation falling from $2.42 trillion to...

BYD Shark Debuts in Mexico, Rivals Tesla Cybertruck and Ford F-150 Lightning

This month, the streets of Mexico will showcase the BYD Sharks debut, an advanced hybrid electric pickup set to rival the Tesla Cybertruck and highlight BYDs cutting-edge hybrid technology. BYD Shark: A New Hybrid...