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Sat, Apr 27, 2024 12:58 PM All times are UTC

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FxWirePro: NZD/USD finds strong support at 5-DMA at 0.6915, on track to test 20-DMA at 0.6981

Nov 07, 2017 06:20 am UTC| Technicals

NZD/USD hovers around session lows at 0.6927, caution seen ahead of GDT auction. The pair retraced dip below 0.69 handle on Monday and closed at 0.6944 levels. Kiwi boosted by New Zealand Finance Minister...

FxWirePro: Gold recovers on geopolitical concerns, good to sell on rallies

Nov 07, 2017 05:52 am UTC| Technicals

Gold has shown a good pullback yesterday on geopolitical risks and rising crude oil prices. The yellow metal jumped almost $16 on concerns over Saudi Crown Prince crackdown on corruption and arrest of number of princes and...

FxWirePro: Indian rupee falls sharply against U.S. dollar, good to buy on dips

Nov 07, 2017 05:49 am UTC| Technicals

USD/INR is currently trading around 64.90 marks. It made intraday high at 64.96 and low at 64.65 marks. Intraday bias remains bullish till the time pair holds key support at 64.62 marks. Key resistances are...

FxWirePro: AUD/CAD finds stiff resistance at 0.9810, bias lower, stay short

Nov 07, 2017 05:48 am UTC| Technicals

AUD/CAD is trading a narrow range on the day, intraday bias lower. Canada Ivey Purchasing Managers Index s.a registered at 63.8 above expectations (60.2) in October, but below previous months 68.6. Aussie largely...

FxWirePro: NZD/JPY struggles at 20-DMA (79.07), good to go long on break above

Nov 07, 2017 04:43 am UTC| Technicals

Kiwi boosted by New Zealand Finance Minister Robertsons comments, NZD/JPY keeps gains on the day. Robertson announced a 2-phase review of RBNZ mandate and said that there was no desire to have NZD included in the RBNZ...

FxWirePro: Taiwanese dollar trades marginally higher in early Asia, faces strong support at 30.08 mark

Nov 07, 2017 04:06 am UTC| Technicals

USD/TWD is currently trading around 30.12 marks. It made intraday high at 30.22 and low at 30.11 marks. Intraday bias remains bearish till the time pair holds key resistance at 30.22 mark. A daily close...

FxWirePro: Buy Nikkei on dips

Nov 07, 2017 03:32 am UTC| Technicals

Nikkei continuing its winning streak and hits fresh 21- year high at 22786 on account of strong global equity markets and weak yen. the jump in index was mainly due to rise in shares of mining sector and clothing company...

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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,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

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...

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

Apple Partners with OpenAI for On-Device AI in iOS 18, Enhancing Privacy

Apple Inc. has reignited discussions with OpenAI to integrate advanced AI features into iOS 18, utilizing large language models entirely on-device. According to a Bloomberg report, this move promises to significantly...

Republic First Bank Shut Down by Regulators, Crypto Prices Tumble

In a significant regulatory move, the Pennsylvania Department of Banking and Securities has closed Republic First Bank, marking the first major U.S. bank collapse of 2024. The closure has sparked heated reactions within...

Shiba Inu Tops Robinhood, 300M Dogecoin Moves As Market Eyes Breakout

Shiba Inu leads this weeks Robinhood cryptocurrency rankings as it surges 11%, while a massive 300 million Dogecoin transfer to Robinhood signals a potential market breakout, stirring interest among traders and...

Tesla Sets Late 2025 Launch for Semi, Expands Megapack Production

Tesla Inc. has confirmed the launch of its Semi truck for late 2025, with broader customer deliveries expected in 2026. This announcement coincides with the expansion of Teslas Megapack production at its Lathrop...

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,...