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FxWirePro: 5-DMA caps upside in EUR/CAD, good to go short below 1.4738

Nov 08, 2017 08:57 am UTC| Technicals

EUR/CAD is trading a narrow range on the day, 5-DMA caps upside in the pair. Technical studies are biased bearish. RSI and Stochs biased lower, RSI weakness seen below 50 levels. Daily cloud offers strong support...

FxWirePro: USD/ZAR trades in narrow range, stay bullish only above 14.25 mark

Nov 08, 2017 08:41 am UTC| Technicals

USD/ZAR is currently trading around 14.16 levels. It made intraday high at 14.23 and low at 14.15 levels. Intraday bias remains neutral for the moment. A daily close above 14.25 will take the parity...

FxWirePro: XAG/USD hovers around $17.00 mark, bias remains neutral

Nov 08, 2017 07:20 am UTC| Technicals

XAG/USD is currently trading around $16.99 marks. It made intraday high at $17.02 and low at $16.91 levels. Intraday bias remains neutral till the time pair holds key support at $16.90 mark. A daily close...

FxWirePro: USD/CAD Short term outlook

Nov 08, 2017 07:07 am UTC| Technicals

Canadian dollar recovered sharply from 3-1/2 month low in previous week on higher oil prices. USD/CAD hits low of 1.27021 and is currently trading around 1.27658. Bank of Canada governor Stephen Poloz maintained a...

FxWirePro: EUR/GBP trades narrow range around 0.88 handle, bears eye 200-DMA at 0.8764

Nov 08, 2017 07:04 am UTC| Technicals

EUR/GBP halts 3 consecutive sessions of losses, attempts sluggish recovery, up 0.12% on the day. Bears on track to test 200-DMA at 0.8764, violation there could see further downside. EUR/GBP is extending post-BOE...

FxWirePro: NZD/USD bears resume ahead of RBNZ popping up with heaps of bearish signals below 21DMA and 100DMA – Tunnel spreads to trade and short hedge

Nov 08, 2017 06:43 am UTC| Technicals

NZDUSD forms bearish engulfing after rejection at the stiff resistance of 0.6969 (on dailies), major trend resumes bearish swings to slide below EMAs after the failure swings at the stiff resistance of 0.7499. The...

FxWirePro: Chinese yuan trades marginally lower after trade balance data

Nov 08, 2017 06:36 am UTC| Technicals

USD/CNY is currently trading around 6.6422 marks. It made intraday high at 6.6431 and low at 6.6353 levels. Intraday bias remains slightly bullish for the moment. A sustained close above 6.6380 marks will...

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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

DJI Faces Possible US Ban by Congress, Echoing Concerns Over TikTok and China

Congress is poised to include DJI in the FCCs list of banned technologies under the Secure and Trusted Communications Networks Act, highlighting similar US security concerns as those with TikTok. Congressional Action to...

OpenAI CEO Sam Altman and Other AI Leaders Join Federal Safety Board, Pledge to Protect Children Online

Sam Altman of OpenAI and executives from Microsoft, Google, and Nvidia have joined a new government AI safety board. This initiative, part of a broader effort to regulate AIs deployment in critical sectors, coincides with...

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...