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FxWirePro: EUR/USD forms bearish pattern, good to sell on rallies

May 17, 2017 10:20 am UTC| Technicals

Harmonic pattern Bearish AB=CD Pattern. Potential Reversal Zone (PRZ) -1.11300 (161.8% and 61.8% fibo). EURUSD shown a huge jump after breaking 1.10200 high formed after French Elections. The pair jumped till...

FxWirePro: EUR/GBP fails to hold above 0.86 handle, finds stiff resistance at 0.8595

May 17, 2017 09:30 am UTC| Technicals

EUR/GBP edges lower from session highs at 0.8614 and is currently trading at 0.8566. Pound edges higher after drop in UK ILO unemployment rate which was better than forecasts for an unchanged reading. The major...

FxWirePro: Chinese yuan erases previous gain against U.S. dollar, intraday bias remains bullish

May 17, 2017 08:08 am UTC| Technicals

USD/CNY is currently trading around 6.8886 marks. It made intraday high at 6.8891 and low at 6.8813 levels. Intraday bias remains bullish till the time pair holds key support at 6.8800 marks. A sustained...

FxWirePro: NZD/JPY bears threat consolidation phase with shooting star and bearish engulfing patterns – Speculate via one touch binaries and short hedge

May 17, 2017 07:36 am UTC| Technicals

NZDJPY bears resume with bearish engulfing and shooting star in daily and weekly trend. Engulfing pattern at 77.992 levels, shooting star at 77.655 levels (on the weekly chart). Attempts of bull swings restrained...

FxWirePro: AUD/JPY rejected at 50-DMA, retrace upto trendline support at 82.50 likely

May 17, 2017 07:11 am UTC| Technicals

AUD/JPY was rejected at 50-DMA and the pair is extending downside for 2nd straight session. Price action capped below daily Ichimoku cloud which weighs heavily on the upside. The pair has broken below 20-DMA at...

FxWirePro: USD/ZAR fails to drop below 13.03 mark, short term trend reversal likely

May 17, 2017 07:07 am UTC| Technicals

USD/ZAR is currently trading around 13.12 levels. It made intraday high at 13.12 and low at 13.03 levels. Intraday bias remains bullish till the time pair holds key support at 13.03 marks. A daily close...

FxWirePro: Sell GBP/JPY on rallies

May 17, 2017 07:03 am UTC| Technicals

GBPJPY forms the temporary top around 148.11 and started to decline for fourth consecutive days from that level. It is currently trading around 145.07. The pair broken minor support at 146.30 (daily Tenkan-Sen and 10...

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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,...

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

Tesla Sets Late 2025 Launch for Semi, Expands Megapack Production

Tesla Inc. has confirmed the launch of its Semi truck for late 2025, with broader customer deliveries expected in 2026. This announcement coincides with the expansion of Teslas Megapack production at its Lathrop...

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,...