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FxWirePro: GBP/USD trades higher on better than expected U.K retail sales, good to buy on dips

May 18, 2017 13:43 pm UTC| Technicals

Cable recovered sharply and has broken major resistance at 1.3000 on better than expected U.K retail sales. UK retail sales came at 2.3% for the month of Apr compared to forecast of 1.2%. It is currently trading around...

FxWirePro: GBP/USD intraday upside momentum strong after UK retail sales beats forecasts

May 18, 2017 13:41 pm UTC| Technicals

GBP/USD rose on Thursday as sterling was boosted after British retail sales growth topped forecasts, easing concerns about the broader outlook for the economy this year. Retail sales volumes rose 2.3 percent on the...

FxWirePro: U.S Dollar Index Trade idea

May 18, 2017 12:32 pm UTC| Technicals

U.S dollar index trading extremely weak compared to previous week. The index broken strongly 55- W EMA and declined sharply till 97.33 in the week. The jump from 91.92 to 103.82 has come to an end since it has broken...

FxWirePro: CAD/JPY trades below trend lien support, good to sell on rallies

May 18, 2017 11:28 am UTC| Technicals

Major support 81.50 (trend line joining 75.49 and 80.57). CAD/JPY formed minor top at 83.75 after making a low of 80.57 on Apr 21st 2017 low. The pair is showing a decline for two consecutive days and also broken...

FxWirePro: Cloud caps upside in NZD/JPY, good to short rallies

May 18, 2017 11:05 am UTC| Technicals

Daily Ichimoku cloud weighs on the upside, NZD/JPY struggles to break through. Technical indicators on daily charts are heavily bearish. The pair finds strong trendline support at 76 levels, break below will see...

FxWirePro: NZD/USD closes above 20-DMA, bias higher, stay long

May 18, 2017 10:40 am UTC| Technicals

NZD/USD closed above 20-DMA on Wednesdays trade, intraday bias higher. Upside in the pair pauses at 23.6% Fibo at of 0.7375 to 0.6817 fall at 0.6950. Break above will see further upside. Next bull target is...

FxWirePro: 5-DMA caps upside in EUR/JPY, good to go short on rallies

May 18, 2017 10:07 am UTC| Technicals

EUR/JPY recovery was rejected at 5-DMA at 124.09, the pair down over 0.80% on the day. The pickup in risk aversion providing extra support to the safe haven JPY. While EUR extends weakness ahead of ECB...

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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...

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...

What if the Reserve Bank itself has been feeding inflation? An economist explains

Heres something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May...

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,...

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...

Georgia is sliding towards autocracy after government moves to force through bill on ‘foreign agents’

Georgias ruling party attempted to pass a controversial bill on foreign agents in March 2023. The law would have required civil society groups and the media to register as being under foreign influence if they receive...

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

SHIB Price Climbs as Shibarium Upgrade Sparks Optimism Among Investors

The Shiba Inu cryptocurrency surged over 4% on April 26, buoyed by executive enthusiasm for the forthcoming Shibarium upgrade to enhance the platforms functionality and security. Shibarium Upgrade Fuels Market Optimism,...

China Investigates Digital Yuan Architect Yao Qian Amid CBDC Concerns

Yao Qian, a pivotal figure behind Chinas digital yuan, is under investigation for alleged misconduct, casting uncertainty on the future of Chinas CBDC initiatives. Probe into Yao Qian Shakes Foundations of Chinas...

Shein Joins Facebook, Amazon in EU Digital Regulations Compliance

Under the EU Digital Regulations, Shein has joined tech giants like Facebook, Amazon, and Google in meeting the strict compliance standards set by the EUs Digital Services Act due to its user base surpassing 45 million in...

Metaplanet Inc. Buys $6.25M in Bitcoin, Pivots to Digital Assets

In a strategic financial maneuver, Metaplanet Inc., a prominent Japanese public company, has invested $6.25 million in Bitcoin, marking its entry into the burgeoning cryptocurrency market. Metaplanet Dives into Crypto,...
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