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FxWirePro: Gold trades well below 20- day MA, market eyes Fed monetary policy

Sep 19, 2017 05:46 am UTC| Technicals

Gold prices declined almost 1% yesterday due to Fed monetary policy meeting. The yellow metal declined almost $16 from the previous day close of $1320. It is currently trading around $1307.40. Fed is expected to keep...

FxWirePro: NZD/CAD holds major trendline support, breaks 20-DMA at 0.8921, bias higher

Sep 19, 2017 05:39 am UTC| Technicals

NZD/CAD has held major trendline support at 0.8740 in last weeks trade. The pair has edged higher to break 20-DMA resistance at 0.8922, bias higher. Technical indicators support upside in the pair. RSI and stochs...

FxWirePro: GBP/AUD consolidates cloud breakout, extends range trade after Carney's less hawkish comments

Sep 19, 2017 05:02 am UTC| Technicals

GBP/AUD trades in a narrow range, up 0.12% on the day, bias higher. The pair is extending consolidation after cloud breakout in the previous week. Less than hawkish comments by BoE Governor Mark Carney on Monday...

FxWirePro: USD/TWD remains well supported above 30.00 mark, faces immediate resistance at 30.18 mark

Sep 19, 2017 04:09 am UTC| Technicals

USD/TWD is currently trading around 30.10 marks. It made intraday high at 30.16 and low at 30.03 marks. Intraday bias remains neutral till the time pair holds key resistance at 30.18 mark. A daily close...

FxWirePro: USD/JPY struggles at cloud top, break above eyes 200-DMA at 112.21

Sep 19, 2017 04:00 am UTC| Technicals

USD/JPY consolidates at fresh 2-month highs at 111.66 hit overnight, bias higher. Cloud offers stiff resistance at 111.60, break above needed for further upside. Bulls await US dataflow for fresh impetus -...

FxWirePro: Nikkei Daily Outlook

Sep 19, 2017 03:35 am UTC| Technicals

Nikkei hits 2-1/2 month high on strong yen and higher global equities. The pair has broken yesterday high of 20131 and jumped till 20197at the time of writing . The index has closed well above 20000 and it is trading...

FxWirePro: USD/THB continues to trade in stiff boundaries, stay bearish only below 33.01 mark

Sep 19, 2017 03:30 am UTC| Technicals

USD/THB is currently trading around 33.07 marks. It made intraday high at 33.09 and low at 33.06 marks. Intraday bias remains neutral till the time pair holds key support at 33.01 mark. A daily close below...

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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...

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...

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...

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

LG Uplus, Kakao Mobility EV Charging Joint Venture Approved by the FTC

LG Uplus and Kakao Mobilitys joint venture to operate electric vehicle charging stations has been approved by the Fair Trade Commission. The antitrust regulator approved the JV on Monday, April 29. FTCs Crucial...

KT Innovates Media, Content Business Through AI

KT Group is transforming its media and content business through artificial intelligence (AI). The company is innovating the mentioned units as part of its acceleration strategy. According to Yonhap News Agency, KT said...

Musk Engages China: Baidu’s Data Deal and High-Stakes Hotel Meet with CATL

Tesla CEO Elon Musk is making headlines with a double play in China: securing critical navigation data from Baidu and engaging in strategic talks with CATL. These moves underline Teslas push to lead in global tech and...

Elon Musk Injects $10 Billion Into Tesla AI, Eyes Autonomous Robotaxi

Elon Musk has declared a monumental $10 billion investment in Teslas artificial intelligence, setting the stage for advanced autonomous driving and a potential Robotaxi service. Tesla to Invest $10 Billion in AI for...

OpenAI and Worldcoin Eye Strategic Partnership Amid Regulatory Gaze

Amid escalating regulatory scrutiny, OpenAI, led by Sam Altman, is reportedly discussing a potential partnership with Worldcoin, another venture Altman co-founded. As detailed by Bloomberg, these talks could lead to...