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FxWirePro: Aussie falls against major peers as retail sales data misses expectations

Sep 07, 2017 01:59 am UTC| Technicals

AUD/NZD is currently trading around 1.1087 marks. Pair made intraday high at 1.1124 and low at 1.1086 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.1126 mark. A sustained...

FxWirePro: EUR/KRW fails to find support above 1,349 mark, short term trend reversal likely

Sep 07, 2017 01:39 am UTC| Technicals

EUR/KRW is currently trading around 1,345 mark. Pair made intraday high at 1,348 and low at 1,344 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 1,349 mark. A...

FxWirePro: US Dollar Index upside capped by 233- H MA, good to sell on rallies

Sep 06, 2017 13:14 pm UTC| Technicals

US Dollar index has shown a minor jump till 92.93 after forming bottom at 92.10 on Friday. It is currently trading around 92.25. Short term trend is still weak as long as resistance 93.60 (23.6% retracement of 99.89...

FxWirePro: USD/CHF trades in narrow range, good to sell on rallies

Sep 06, 2017 12:40 pm UTC| Technicals

USD/CHF has declined after showing a jump till 0.96143 yesterday. The pair has formed minor double bottom at 0.95400 and is currently trading around 0.95550. Major near term intraday resistance is around 0.9630 and...

FxWirePro: GBP/USD trade idea

Sep 06, 2017 12:29 pm UTC| Technicals

GBP/USD continuing its rally and hits one month high after breaking psychological resistance 1.3000 level yesterday. Cable jumped till 1.30480 highest since Aug 11th in spite of weaker than expected data in construction...

FxWirePro: EUR/GBP capped below 20-DMA, focus on ECB policy decision

Sep 06, 2017 11:12 am UTC| Technicals

EUR/GBP is extending slide after rejection at 0.93 handle. The pair has slipped below 20-DMA at 0.9166 which now caps recovery in the pair. Bearish divergence keeps scope for downside, next major support at...

FxWirePro: EUR/USD trades in narrow range, market eyes ECB for further direction

Sep 06, 2017 11:11 am UTC| Technicals

EUR/USD is consolidating in narrow range and shown a minor recovery after hitting trend line support yesterday. The pair is waiting for ECB meeting which is to be held on Sep 7th for further direction. It is currently...

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Economy

Why China’s economy has hit a wall

Chinas annual parliamentary meetings in Beijing came to a close on March 11. They were conducted under great pressure: a weak economy and high expectations from both the domestic public and international observers as to...

Vladimir Putin’s gold strategy explains why sanctions against Russia have failed

There are more than 16,000 sanctions imposed against Russia. Yet the Russian economy and war machine grew by 3.6 per cent in 2023 and is projected to grow another 2.6 in 2024. Nearly six per cent of Russias gross...

Mentorship is key to improving social and economic outcomes for Black youth

Black youth in Canada experience poorer educational achievement than other children and youth, which leads to subsequent poor economic outcomes. A series of problems and barriers contribute to poor educational outcomes....

There’s an extra $1 billion on the table for NT schools. This could change lives if spent well

The federal and Northern Territory governments have just made a historic funding announcement of about A$1 billion for schools in the territory. This includes an extra $737.7 million from the federal government and an...

Undersea cables for Africa’s internet retrace history and leave digital gaps as they connect continents

Large parts of west and central Africa, as well as some countries in the south of the continent, were left without internet services on 14 March because of failures on four of the fibre optic cables that run below the...

Politics

China's Commerce Minister to Advocate EV Sector in Europe Amid Subsidy, Tariff Probe

Chinas Commerce Minister Wang Wentao is set to visit Europe in April to address concerns and advocate for the Chinese electric vehicle (EV) industry amid a European Commission investigation into alleged unfair...

Chinese Hackers Target US Officials and Dissidents in Cyber Espionage Scheme

Seven nationals of the Peoples Republic of China (PRC) face charges for a long-term cyber espionage campaign targeting political dissidents and officials in the US, marking a significant escalation in international cyber...

SpaceX Builds Spy Satellites for US; Russia Warns of Military Response

Russia has issued a stark warning to the United States, stating that the use of SpaceXs satellites for espionage could render them targets for military action. This follows revelations that SpaceX is constructing a spy...

Deepfakes are still new, but 2024 could be the year they have an impact on elections

Disinformation caught many people off guard during the 2016 Brexit referendum and US presidential election. Since then, a mini-industry has developed to analyse and counter it. Yet despite that, we have entered 2024 a...

Science

How do airplanes fly? An aerospace engineer explains the physics of flight

Airplane flight is one of the most significant technological achievements of the 20th century. The invention of the airplane allows people to travel from one side of the planet to the other in less than a day, compared...

The mystery of consciousness shows there may be a limit to what science alone can achieve

The progress of science in the last 400 years is mind-blowing. Who would have thought wed be able to trace the history of our universe to its origins 14 billion years ago? Science has increased the length and the quality...

What is minoxidil, the anti-balding hair growth treatment? Here’s what the science says

Hair loss (also known as alopecia) often affects the scalp but can occur anywhere on the body. Its very common and usually nothing to worry about; about half of Australian men show signs of visible baldness at age 50 and...

Our survey of the sky is uncovering the secrets of how planets are born

When we look out to the stars, it is typically not a yearning for the distant depths of outer space that drives us. When we are looking out there, we are truly looking back at ourselves. We try to understand our place in...

Archeoastronomy uses the rare times and places of previous total solar eclipses to help us measure history

Total solar eclipses have fascinated and terrified people for centuries. Today, we know that total solar eclipses like the upcoming eclipse on April 8 are caused by a cosmic coincidence when the moon comes between the...

Technology

Amazon One App Launches, Expanding Palm Pay at Whole Foods, Panera

Amazon introduces the Amazon One app, allowing users to set up palm recognition for seamless payments at Whole Foods, Panera, and other locations directly from their smartphones. Amazon One Expands with Mobile App for...

Crypto ATM Installations Set to Skyrocket, Driven by Bitcoin FOMO, CEO Predicts

As the crypto industry anticipates a surge in Bitcoin interest post-halving, Bitcoin Depot CEO Brandon Mintz predicts a significant resurgence in crypto ATM installations worldwide. This optimism follows a decline in 2023...

Ford Motor Slashes F-150 Lightning Workers as EV Sales Slow

Ford Motor Company is trimming down its workforce at its Michigan production plant for F-150 Lightning pick-up trucks. The automaker cited slow EV sales as the reason for the move. Ford Motor will slash two-thirds or...

Wendy’s Signs Deal With PAR Punchh AI Platform to Advance Customer Loyalty Program

The Wendys Company selected the PAR Punchh customer loyalty platform to upgrade its loyalty program for better customer engagement. The fast-food chain will apply next-generation technology to offer the best solutions to...
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