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Wed, May 08, 2024 10:03 AM All times are UTC

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FxWirePro: Copper takes 50-DMA support at 3.067, break below to see further downside

Nov 08, 2017 09:39 am UTC| Technicals

Copper is trading largely unchanged on the day, retraces from lows of 3.065. Price action has taken support at 50-DMA at 3.067, we expect weakness to resume on break below. We notice Doji formation at lows on...

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...

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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

Tesla's Robotaxi Tests in China Receive Government Backing for Full Self-Driving

Teslas ambitions for autonomous driving receive a significant boost as reports surface of the Chinese government endorsing the companys robotaxi trials with Full Self-Driving capabilities. Elon Musks vision of a global...

NFL, NBA, NASCAR Stars Resolve $2.4M Voyager Promo Lawsuit

NFL icon Rob Gronkowski, NBA player Victor Oladipo, and NASCAR driver Landon Cassill have collectively agreed to a $2.4 million settlement in a lawsuit concerning their roles in promoting the now-defunct cryptocurrency...

Grayscale's Ethereum ETF Twist: Withdraws Application Days Before SEC Verdict

In a dramatic turn of events, Grayscale shocked the cryptocurrency community by retracting its application for an Ethereum futures exchange-traded fund just days before the SECs looming decision deadline. This cast doubt...

Tesla Cybertruck Incident: Owner's Finger Injury Raises Safety Alarms

In a risky demonstration gone wrong, a Cybertruck owners attempt to prove its safety features backfired, resulting in a finger injury and stirring debates about the vehicles design and safety algorithms. Unexpected...

US Revokes Intel, Qualcomm Licenses Amidst Chip Sales Restrictions on Huawei

In a significant escalation of trade restrictions, the United States has revoked licenses from leading semiconductor manufacturers Intel Corp. and Qualcomm Inc., obstructing Huawei Technologies Co.s access to vital chip...