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FxWirePro: EUR/NZD hits fresh 3-week lows at 1.6622, eyes 50-DMA at 1.6588

Nov 09, 2017 06:43 am UTC| Technicals

EUR/NZD has hit fresh 3-week lows at 1.6622, intraday bias lower. The pair is on track to close in the red for the 3rd successive week. Technical studies are bearish, RSI and Stochs are biased lower, we see a...

FxWirePro: AUD/USD struggles at 200-DMA, break above to see further upside

Nov 09, 2017 06:11 am UTC| Technicals

AUD/USD extends range trade below 0.77 handle, finds stiff resistance at 200-DMA at 0.7697. Markets will focus on the RBA Statement on Monetary Policy scheduled to be released on Friday at 00:30 GMT. The pair is...

FxWirePro: USD/INR hovers around 65.00 mark, short term trend reversal likely

Nov 09, 2017 06:07 am UTC| Technicals

USD/INR is currently trading around 65.01 marks. It made intraday high at 65.04 and low at 64.94 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 65.27 marks. Key...

FxWirePro: Gold hits 3- week high on declining US yields, good to buy above $1290

Nov 09, 2017 05:54 am UTC| Technicals

Gold is trading steady at three week high on minor weakness in US dollar and uncertainty over US tax plan. The yellow metal has shown a minor jump till $1287 and is currently trading around $1284. US bond yield spread...

FxWirePro: NZD/JPY breaks 20-DMA resistance at 78.99, good to go long on dips

Nov 09, 2017 05:22 am UTC| Technicals

NZD/JPY consolidating break above 20-DMA at 78.99, bias higher. RBNZ left rates unchanged at 1.75 percent, the Kiwi found support from the policy announcements, which forecasted rates rising in Q2 2019 vs Q3...

FxWirePro: NZD/JPY breaks 20-DMA resistance at 78.99, good to go long on dips

Nov 09, 2017 05:22 am UTC| Technicals

FxWirePro: USD/SGD remains well supported above 1.36 mark, faces immediate support at 1.3610 mark

Nov 09, 2017 04:34 am UTC| Technicals

USD/SGD is currently trading around 1.3624 marks. It made intraday high at 1.3629 and low at 1.3614 levels. Intraday bias remains bullish till the time pair holds key support at 1.3610 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...

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...

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...

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

Mainland China Investors Blocked from Accessing New Hong Kong Bitcoin ETFs

Despite launching new Bitcoin and Ether ETFs in Hong Kong, mainland Chinese investors remain sidelined due to longstanding cryptocurrency bans in their home country. Spot Bitcoin and Ether ETFs Launch in Hong Kong, But...

SHIB Price Climbs as Shibarium Upgrade Sparks Optimism Among Investors

The Shiba Inu cryptocurrency surged over 4% on April 26, buoyed by executive enthusiasm for the forthcoming Shibarium upgrade to enhance the platforms functionality and security. Shibarium Upgrade Fuels Market Optimism,...

China Investigates Digital Yuan Architect Yao Qian Amid CBDC Concerns

Yao Qian, a pivotal figure behind Chinas digital yuan, is under investigation for alleged misconduct, casting uncertainty on the future of Chinas CBDC initiatives. Probe into Yao Qian Shakes Foundations of Chinas...

Shein Joins Facebook, Amazon in EU Digital Regulations Compliance

Under the EU Digital Regulations, Shein has joined tech giants like Facebook, Amazon, and Google in meeting the strict compliance standards set by the EUs Digital Services Act due to its user base surpassing 45 million in...

Metaplanet Inc. Buys $6.25M in Bitcoin, Pivots to Digital Assets

In a strategic financial maneuver, Metaplanet Inc., a prominent Japanese public company, has invested $6.25 million in Bitcoin, marking its entry into the burgeoning cryptocurrency market. Metaplanet Dives into Crypto,...