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Fri, May 03, 2024 07:28 AM All times are UTC

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FxWirePro: NZD/USD breaks triple top, good to long break above major resistance at 0.7431

Jul 21, 2017 06:11 am UTC| Technicals

NZD/USD witnessed sharp swings on Thursdays trade. The pair bounced from lows of 0.7333 to hit highs of 0.7414. The Kiwi caught a fresh bid-wave on NZ FinMin Joyces comments, despite risk-off market profile. NZ...

FxWirePro: Gold trades higher after ECB monetary policy, good to buy on dips

Jul 21, 2017 05:53 am UTC| Technicals

Gold has recovered sharply after hitting low of $1235 on account of weak U.S dollar. The yellow metal jumped till $1247 yesterday and is currently trading around $1238.80. Euro jumped sharply against U.S dollar after...

FxWirePro: 'Bearish Doji Star' formation on AUD/CAD raises scope for downside, good to go short on break below 0.9915 (20-DMA)

Jul 21, 2017 05:28 am UTC| Technicals

AUD/CAD dived to over 0.75% on the day, slips below 5-DMA support at 0.9977. Aussie slumps across the board on dovish RBA Deputy Governor Debelles comments. Debelle said that a rising AUD is complicating the...

FxWirePro: USD/TWD hovers around key resistance at 30.50 mark, consistent close above targets 30.90

Jul 21, 2017 04:16 am UTC| Technicals

USD/TWD is currently trading around 30.44 marks. It made intraday high at 30.52 and low at 30.34 marks. Intraday bias remains slightly bullish till the time pair holds key support at 30.25 marks. A daily...

FxWirePro: Nikkei225 Daily Outlook

Jul 21, 2017 03:53 am UTC| Technicals

Nikkei is consolidating in arrow range between 20319 and 19836 for the past one month. The index has formed a temporary top around 20319 and any further bullish continuation only above that level. It is currently trading...

FxWirePro: USD/THB rejects key resistance at 33.67 mark, good to sell on rallies

Jul 21, 2017 03:50 am UTC| Technicals

USD/THB is currently trading around 33.53 marks. It made intraday high at 33.59 and low at 33.52 marks. Intraday bias remains bearish till the time pair holds key resistance at 33.70 mark. On the top side,...

FxWirePro: USD/SGD fails to find support above 1.3700 mark, stay bearish only below 1.3650

Jul 21, 2017 02:55 am UTC| Technicals

USD/SGD is currently trading around 1.3664 marks. It made intraday high at 1.3676 and low at 1.3656 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3700 mark. A daily close...

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Economy

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

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...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

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...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

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...

Technology

Shiba Inu (SHIB) Team Insider Unravels Key Burn Mystery: Exclusive Details

In a revealing discussion, Lucie, a member of the Shiba Inu team, sheds light on the enigmatic key burns orchestrated by the projects founder, Ryoshi. Lucies insights, shared in response to community inquiries, clarify the...

World's Largest Electric Container Ship Sets Sail with 50,000 kWh Battery Power

COSCO Shipping, a Chinese state-owned firm, has unveiled what it calls the worlds largest river-to-sea electric container vessel. The Green Water 01 is a 10,000-ton+ electric vessel that sets a new standard for...

Tesla Drivers Get $4k Off 2024 Chevy Blazer EV; Costco Auto Slashes Prices on New EVs

Tesla owners rejoice as Chevrolet rolls out an unprecedented $4,000 discount on the 2024 Blazer EV, open to Tesla drivers and a quirky list of EV owners. The electric vehicle market got more enticing with incentives...

Tesla Granted South Korean Emission Credit Trading Rights by Environmental Ministry

Ministry of Environments green light for Tesla to trade emission credits in South Korea marks a significant milestone, enabling the electric car giant to tap into a potentially lucrative market. With estimated credits...

US Lawmakers Push SEC for Bitcoin Options Trading Approval

In a bipartisan effort, US Representatives Mike Flood and Wiley Nickel have penned a letter to SEC Chair Gary Gensler, urging swift action in approving options trading for Bitcoin exchange-traded products (ETPs). Amid...