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FxWirePro: South Korean won trades marginally lower as trade balance data fails to meet expectations

Sep 15, 2017 01:31 am UTC| Technicals

EUR/KRW is currently trading around 1,349 mark. Pair made intraday high at 1,352 and low at 1,348 levels. Intraday bias remains bullish till the time pair holds key support at 1,343 mark. A sustained close...

FxWirePro: USD/CHF trade Idea

Sep 14, 2017 12:11 pm UTC| Technicals

USD/CHF has shown a minor decline from the high of 0.96579 after SNB has commented that significant overvaluation of CHF has been reduced. The pair hits intraday low of 0.96182 and jumped sharply from that level. It has...

FxWirePro; GBP/USD trades higher on rate hike hopes, jump till 1.3400 likely

Sep 14, 2017 11:25 am UTC| Technicals

Cable has jumped sharply after slightly hawkish stance by BOE in the meeting. The pair has jumped from the low of 1.31499 till 1.33245at the time of writing. BOE has voted 7-2 kept interest rates unchanged at 0.25% vs...

FxWirePro: Copper extends breaks 20-DMA, eyes 50-DMA at 2.9094, stay short

Sep 14, 2017 11:17 am UTC| Technicals

Copper extends slump for 3rd consecutive session, trades 1.51% lower on the day. Technical indicators have turned bearish on daily charts, downside now eyes immediate support at 50-DMA at 2.9094. Violation at...

FxWirePro: EUR/USD recovers slightly from low of 1.1865, US CPI in focus

Sep 14, 2017 10:57 am UTC| Technicals

EUR/USD has declined sharply till 1.18658 and shown a minor recovery from that level. The pair recovered till 1.19097 for the intraday. It has formed a temporary top around 1.20920 33- month high on Aug 8th 2017 and...

FxWirePro: EUR/GBP extends range trade below 50-DMA, focus on BoE for further direction

Sep 14, 2017 10:35 am UTC| Technicals

EUR/GBP is trading in a narrow range as we head into Bank on England policy meeting. Caution seen ahead of Bank of Englands monetary policy meeting. The Central Bank is expected to decide unchanged monetary...

FxWirePro: EUR/AUD hovers around 100-DMA at 1.4861, eyes 1.4730 on break below, stay short

Sep 14, 2017 09:24 am UTC| Technicals

EUR/AUD edges higher from 3-week lows at 1.4813, bias lower. The pair has retraced dip below 100-DMA at 1.4861 and is currently hovering around 1.4870 levels. Technical studies on weekly charts are bearish, with...

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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

Samsung Teams With eSports Icon 'Faker' to Boost Odyssey Sales in China

Samsung Electronics has intensified its efforts in China by aligning with Lee Faker Sang-hyeok and the powerhouse T1 eSports team to promote their Odyssey gaming monitors. The collaboration was highlighted during an...

Ethereum Whales Sell Off 56K Coins, Fueling Fears of Further Price Drops

Whales have shaken the Ethereum market by dumping 56,000 coins, leading to widespread speculation about further price corrections amid the crypto markets broader instability. Impact of Whale Transactions on...

Shiba Inu Faces New Correction, Dips Below Key Support Levels

Shiba Inu (SHIB), the popular meme cryptocurrency, has initiated another correction phase. It dropped below the crucial 26-day EMA and edged towards significant support levels. This downturn reflects a broader hesitance in...

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...