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Mon, Apr 29, 2024 02:32 PM All times are UTC

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FxWirePro: USD/CNY trades in narrow range, PBOC sets yuan mid-point at 6.5423

Sep 15, 2017 05:35 am UTC| Technicals

USD/CNY is currently trading around 6.5495 marks. It made intraday high at 6.5519 and low at 6.5419 levels. Intraday bias remains neutral for the moment. A sustained close above 6.5535 marks will test key...

FxWirePro: EUR/GBP plunges to 8-week lows (0.8866) after pound spikes on hawkish BoE, finds strong support at W 20-SMA

Sep 15, 2017 04:40 am UTC| Technicals

EUR/GBP plunged to 8-week lows at 0.8866 as pound rallied across the board overnight post BoE. The pair is now consolidating previous sessions massive slump, bias still lower. BoE left policy unchanged with a...

FxWirePro: GBP/NZD extends major trendline breakout, bias higher, stay long

Sep 15, 2017 04:39 am UTC| Technicals

GBP/NZD is extending breakout above major trendline resistance and triangle top at 1.8050. The pair is consolidating previous sessions spike in GBP post BoE rate decision and is trading a narrow range in the Asian...

FxWirePro: USD/TWD trades in stiff directions, upside limited

Sep 15, 2017 03:45 am UTC| Technicals

USD/TWD is currently trading around 30.07 marks. It made intraday high at 30.13 and low at 30.03 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 30.18 mark. A daily...

FxWirePro: Nikkei Daily Outlook

Sep 15, 2017 03:32 am UTC| Technicals

Nikkei has shown a minor decline after hitting hits 1- month high at 19902 on account of North Korea tensions. The index jumped almost 650 points from the low and it is trading around 19822 0.18% lower. North Korea...

FxWirePro: USD/THB exhibits range bound movement, bias remains neutral

Sep 15, 2017 02:52 am UTC| Technicals

USD/THB is currently trading around 33.06 marks. It made intraday high at 33.08 and low at 33.06 marks. Intraday bias remains neutral till the time pair holds key support at 33.03 mark. A daily close below...

FxWirePro: USD/SGD rejects key resistance at 1.3538 mark, bias turns bearish again

Sep 15, 2017 02:19 am UTC| Technicals

USD/SGD is currently trading around 1.3470 marks. It made intraday high at 1.3480 and low at 1.3462 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3538 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

MetaComp and Harvest Global Launch Innovative Bitcoin Spot ETFs in Singapore

In a significant move to expand global investment options, Singapore-based fintech MetaComp has teamed up with Harvest Global Investments to launch innovative bitcoin spot ETFs. This collaboration integrates advanced...

Dogwifhat's Surge on Solana Network Ignites Crypto Market Buzz

Dogwifhat, a meme coin built on the Solana blockchain, has shown a remarkable recovery, catching the eye of investors after its recent listing on Bybit led to a notable price increase. This development comes amidst a...

Lawyer Accuses DOJ of 'Obvious Disdain for Privacy' in Tornado Cash Case

Amanda Tuminelli, legal counsel for the DeFi Education Fund, has strongly criticized the DOJs apparent disregard for privacy and emerging technologies in its ongoing case against Tornado Cash. Critique of DOJs Technical...

Australia Set to Unveil Spot Bitcoin ETFs, $4 Billion Inflows Projected

Australias top exchange, the ASX, is poised to approve its first spot in Bitcoin ETFs. This could potentially unlock $3 to $4 billion in initial inflows over the next three years, bolstering the countrys robust crypto...

Tesla Cybertruck Triumphs in Off-Road Challenge, Reveals Enhanced Features

Teslas Cybertruck recently demonstrated its superior off-road capabilities in a video featuring new adjustments for pitch and angle to boost its performance on challenging terrains. Cybertruck Outperforms in Rigorous...