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FxWirePro: Gold trades weak as safe – haven demand fades, market eyes US Fed monetary policy

Sep 18, 2017 06:33 am UTC| Technicals

Gold prices declined on Friday as demand for safe- haven fades. The yellow metal declined almost $10 form the high of $1327.50 made yesterday. It is currently trading around $1329.20. Market eyes US Fed monetary...

FxWirePro: USD/INR exhibits range bound movement, upside limited

Sep 18, 2017 05:58 am UTC| Technicals

USD/INR is currently trading around 64.05 marks. It made intraday high at 64.16 and low at 64.03 marks. Intraday bias remains bearish till the time pair holds key resistance at 64.22 marks. Key resistances...

FxWirePro: Nikkei trades above psychological resistance 20000, jump till 20319 likely

Sep 18, 2017 05:47 am UTC| Technicals

Nikkei has broken major psychological resistance at 20000 and jumped till 20076 highest level since Aug 8th 2017 on account of strength in global equities and weak yen. The index jumped almost 800 points from the low and...

FxWirePro: Taiwanese dollar strengthens in early Asia, sustained close below 30.00 requires for downside rally

Sep 18, 2017 04:11 am UTC| Technicals

USD/TWD is currently trading around 30.05 marks. It made intraday high at 30.08 and low at 29.96 marks. Intraday bias remains bearish till the time pair holds key resistance at 30.18 mark. A daily close...

FxWirePro: USD/THB trades in rigid directions, bias remains neutral

Sep 18, 2017 03:41 am UTC| Technicals

USD/THB is currently trading around 33.08 marks. It made intraday high at 33.11 and low at 33.08 marks. Intraday bias remains neutral till the time pair holds key support at 33.03 mark. A daily close below...

FxWirePro: Chinese yuan trades almost flat after house price data

Sep 18, 2017 02:38 am UTC| Technicals

USD/CNY is currently trading around 6.5471 marks. It made intraday high at 6.5525 and low at 6.5457 levels. Intraday bias remains neutral for the moment. A sustained close above 6.5499 marks will test key...

FxWirePro: Singapore dollar rises gradually against U.S. dollar, bias remains bearish

Sep 18, 2017 02:00 am UTC| Technicals

USD/SGD is currently trading around 1.3443 marks. It made intraday high at 1.3465 and low at 1.3443 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3480 mark. A daily close...

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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

China Beat South Korea in OLED Panel Shipments for Small Gadgets

China reportedly defeated South Korea in the shipment of organic light-emitting display panels, or OLED, for IT gadgets. The Chinese makers outdid Korea for the first time in the first quarter of 2024. New Records for...

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...