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Thu, May 09, 2024 02:38 AM All times are UTC

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FxWirePro: South African rand erases previous gain against U.S. dollar, good to sell on rallies

May 29, 2017 06:55 am UTC| Technicals

USD/ZAR is currently trading around 12.90 levels. It made intraday high at 12.94 and low at 12.67 levels. Intraday bias remains slightly bullish till the time pair holds key support at 12.85 marks. A...

FxWirePro: XAG/USD trades in narrow range, stay bullish only above $17.37 mark

May 29, 2017 05:50 am UTC| Technicals

XAG/USD is currently trading around $17.31 marks. It made intraday high at $17.37 and low at $17.29 levels. Intraday bias remains neutral till the time pair holds key resistance at $17.37 mark. A daily close...

FxWirePro: USD/INR hovers around key support at 64.52 mark, India's BSE index hits record high

May 29, 2017 05:48 am UTC| Technicals

USD/INR is currently trading around 64.51 marks. It made intraday high at 64.62 and low at 64.41 marks. Intraday bias remains neutral till the time pair holds key support at 64.52 marks. Key resistances are...

EUR/USD faces strong support at 1.1600, break below targets 1.1050

May 29, 2017 05:04 am UTC| Technicals

Major support 1.1160 (May 22nd 2017 low). EURO declined sharply from the high of 1.12680 in the previous week on account of positive U.S economic data. In the U.S sales of new and existing homes in April came in...

FxWirePro: Gold trades slightly above 61.8% fibo, jump till $1278 likely

May 29, 2017 04:58 am UTC| Technicals

Gold prices has recovered almost $40 from the low of $1226.75 made previous week and hits four week high on political uncertainty in U.S and is currently trading around $1265. The upside is limited for gold as U.S...

FxWirePro: USD/TWD hovers round key resistance at 30.20 mark, sustained close above targets 30.38 mark

May 29, 2017 03:04 am UTC| Technicals

USD/TWD is currently trading around 30.14 marks. It made intraday high at 30.18 and low at 30.08 marks. Intraday bias remains neural for the moment. A daily close above 30.20 will drag the parity up towards...

ASX200 faces strong support at 5675, break below targets 5580

May 29, 2017 02:42 am UTC| Technicals

ASX200 formed a temporary top around 5964 on May 1st and declining slowly from the high. The decline in Australian stock market was mainly due to slight weakness in global commodity prices. It was consolidating in narrow...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

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...

Politics

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

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...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

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...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

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,...

Technology

Shiba Inu Insider Drops Major Shiba Eternity Update; Community Anticipates Enhancements

Shiba Eternity: Lucies Tease Unveils Play-to-Earn Features and Breeding Mechanics The Shiba Inu community is buzzing with excitement following a recent announcement from a critical team member about Shiba Eternity, as...

Crypto Market Selloff: BTC, ETH, SOL, XRP, SHIB Prices Plummet, Crash Fears Grow

The cryptocurrency market shows new symptoms of weakness as bulls and bears battle for supremacy. Investors have recently lost about $150 billion, with the cryptocurrency market valuation falling from $2.42 trillion to...

BYD Shark Debuts in Mexico, Rivals Tesla Cybertruck and Ford F-150 Lightning

This month, the streets of Mexico will showcase the BYD Sharks debut, an advanced hybrid electric pickup set to rival the Tesla Cybertruck and highlight BYDs cutting-edge hybrid technology. BYD Shark: A New Hybrid...

South Korea Secures Competitive Edge With US Tax Credit Extension on EVs

South Korea has positively received the U.S. extension of tax credits for electric vehicles (EVs) incorporating Chinese graphite. This critical decision supports Seouls strategy to dominate the American EV market. This...

SHIB Exec Connects Shiba Inu to Bitcoin; Open Interest Falls 7%

SHIBs marketing officer, Lucie, emphasized similarities between Shiba Inu and Bitcoin, highlighting both projects foundational anonymity and community-driven development. Meanwhile, a 7% drop in open interest raises...