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Thu, May 02, 2024 01:35 AM All times are UTC

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FxWirePro: AUD/USD capped below major trendline resistance at 0.7725, bearish RSI divergence raises scope for downside

Feb 24, 2017 04:12 am UTC| Technicals

AUD/USD is struggling to break above major trendline resistance at 0.7725. Doji formation seen on daily charts in the Asian session. Bearish RSI divergence raises scope for downside in the pair. 5-DMA is minor...

FxWirePro: USD/CNY hovers around 6.87 mark, PBOC sets yuan mid-point at 6.8655

Feb 24, 2017 03:57 am UTC| Technicals

USD/CNY is currently trading around 6.8705 marks. It made intraday high at 6.8730 and low at 6.8608 levels. Intraday bias remains bullish till the time pair holds key support at 6.8600 mark. A sustained...

FxWirePro: USD/THB breaks key support at 34.99 mark, stay bearish

Feb 24, 2017 03:16 am UTC| Technicals

USD/THB is currently trading around 34.96 marks. It made intraday high at 35.02 and low at 34.96 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 35.11 marks. On the top...

FxWirePro: USD/SGD hits fresh 3-month low at 1.4050, sustained close below targets 1.3819

Feb 24, 2017 02:31 am UTC| Technicals

USD/SGD is currently trading around 1.4083 marks. It made intraday high at 1.4092 and low at 1.4064 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.4161 marks. A daily...

FxWirePro: Taiwanese dollar rises gradually against U.S. dollar, faces strong support at 30.60

Feb 24, 2017 01:44 am UTC| Technicals

USD/TWD is currently trading around 30.70 marks. It made intraday high at 30.76 and low at 30.61 marks. Intraday bias remains bearish till the time pair holds key resistance at 30.91 marks. A daily close...

FxWirePro: South Korean won marginally higher against euro on robust consumer sentiment index

Feb 24, 2017 01:08 am UTC| Technicals

EUR/KRW is currently trading around 1,196 mark. Pair made intraday high at 1,198 and low at 1,196 levels. Intraday bias remains neutral till the time pair holds key support at 1,195 mark. A daily close below...

FxWirePro: GBP/USD rallies above 1.2540 but reversal is likely

Feb 23, 2017 15:57 pm UTC| Technicals

GBP/USD rose on Thursday as growing concerns over the outcome of French presidential elections and sharp decline in US dollar helped the British pound. Much of the move was due to a broad selloff in the U.S. dollar...

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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...

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...

The Mattei Plan: why Giorgia Meloni is looking to Africa

Since coming to power, Giorgia Melonis government has been remarkably orthodox in its foreign policy. Unwavering support for Ukraine, loyalty to the Atlantic Alliance and full participation in the European Union - these...

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,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

The 50th anniversary of Portugal’s Carnation Revolution

Across Portugal, a number of photography exhibitions are currently on display that commemorate the ousting of the Estado Novo, the dictatorial, authoritarian and corporatist political regime that had ruled the country...

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

Analyst Sees Shiba Inu Hitting $0.00007 Despite Major Token Dump

A Shiba Inu whale recently dumped massive SHIB tokens on Coinbase, one of the worlds top cryptocurrency exchanges. The enormous volume of SHIB offloaded quickly sparked a gloomy feeling among crypto market aficionados...

Casio Joins NFT Trend with Astar zkEVM, Unveils Anniversary Collection

Casio, one of the worlds leading watch companies, has joined the battle for non-fungible tokens (NFTs) in partnership with Astars zero-knowledge Ethereum Virtual Machine. The Casio watch NFTs will go online on May...

Tron's Justin Sun Boosts Dogecoin, Shiba Inu at Token 2049 Conference

At the Token 2049 conference, Tron founder Justin Sun endorsed popular meme coins like Dogecoin and Shiba Inu, emphasizing their pivotal distinction from traditional finance and celebrating their community-driven...

Bitcoin Dips 11% Post-Halving: Unexpected Decline Shocks Investors

Bitcoins price has unexpectedly fallen by 11% since the halving on April 20, stirring concerns among investors hoping for a post-halving surge. According to CoinGecko, Bitcoin dropped below $57,000 on May...

South Korea Pledges 5-Year Boost in Console Gaming Market Share

With an eye toward reducing dependence on mobile platforms, South Koreas government laid out a five-year plan Wednesday to bolster its console gaming sector, which currently represents a mere 1.5% of the global...