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Wed, May 08, 2024 06:47 AM All times are UTC

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FxWirePro: USD/SGD trades in stiff directions, bias remains neutral

Nov 07, 2017 02:49 am UTC| Technicals

USD/SGD is currently trading around 1.3624 marks. It made intraday high at 1.3624 and low at 1.3611 levels. Intraday bias remains neutral for the moment. A daily close above 1.3615 will test key resistances...

FxWirePro: South Korean won rises gradually against U.S. dollar, stay bearish

Nov 07, 2017 02:12 am UTC| Technicals

EUR/KRW is currently trading around 1,288 mark. Pair made intraday high at 1,292 and low at 1,288 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 1,301 mark. A...

FxWirePro: Japanese yen trades almost flat against U.S. dollar after cash earnings data

Nov 07, 2017 01:22 am UTC| Technicals

USD/JPY is currently trading around 113.75 marks. It made intraday high at 113.82 and low at 113.69 levels. Intraday bias remains neutral till the time pair holds key support at 113.69 marks. A daily close...

FxWirePro: USD/CHF trade Idea

Nov 06, 2017 13:51 pm UTC| Technicals

USD/CHF has once again recovered after hitting low of 0.99477 on Friday. The pair jumped after slightly better than expected US jobs data. It is currently trading around 1.0088. US economy has added 261K jobs in Oct...

FxWirePro: USD/CAD trades weak on higher oil price, good to sell on rallies

Nov 06, 2017 13:49 pm UTC| Technicals

USD/CAD has shown a minor selling after hitting 3-1/2 month high on Oct 31st 2017. The major decline in Loonie was due to higher oil price. Oil prices hits two year high on extension of OPEC supply cuts. The pair hits low...

FxWirePro: EUR/USD upside capped by 100- day MA, good to sell on rallies

Nov 06, 2017 12:44 pm UTC| Technicals

EURUSD declined sharply after hitting high of 1.16900 yesterday. The pair is trading weak after slightly better than expected US Nonfarm payroll. It has declined till 1.15885. It is currently trading around...

FxWirePro: GBP/USD trades weak after dovish hike by BOE, market eyes Brexit negotiations

Nov 06, 2017 10:16 am UTC| Technicals

Cable declined sharply in the previous week after BOE monetary policy meeting. BOE hiked rates as expected for the first time since 2007. But dovish hike by Central bank has pulled down the pound prices sharply. The pair...

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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

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...

Binance CEO Discloses $150 Million Bribe Amidst Tensions with Nigerian Government

Binance, the renowned cryptocurrency exchange, disclosed that Nigerian government authorities demanded a staggering $150 million in bribes to quell legal actions against its executives, igniting a fierce dispute between...

Hong Kong Central Bank Leads Initiative to Explore Asset Tokenization Advancements

The Hong Kong Monetary Authority (HKMA) has spearheaded the formation of a specialized community to explore asset tokenization. Partnering with various industry players and regulators, this initiative seeks to drive...