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FxWirePro: USD/CNY breaks key resistance at 6.8709, stay bullish

Feb 21, 2017 06:54 am UTC| Technicals

USD/CNY is currently trading around 6.8811 marks. It made intraday high at 6.8860 and low at 6.8733 levels. Intraday bias remains bullish till the time pair holds key support at 6.8639 mark. A sustained...

FxWirePro: EUR/JPY holds above 100-DMA, break below will accentuate weakness

Feb 21, 2017 06:18 am UTC| Technicals

Widening European bond yields in wake of political uncertainty in the euro area likely to keep the single currency subdued. Latest OpinionWay poll show first-round support for Le Pen rising 1% point to 27%. Also,...

FxWirePro: XAG/USD hovers around key support at $17.92 mark, consistent close below targets $17.68

Feb 21, 2017 06:16 am UTC| Technicals

XAG/USD is currently trading around $17.93 marks. It made intraday high at $18.03 and low at $17.93 levels. Intraday bias remains bearish till the time pair holds key resistance at $18.05 mark. A daily close...

FxWirePro: Gold forms head and shoulder pattern, good to sell below $1232

Feb 21, 2017 06:15 am UTC| Technicals

Pattern formed Head and shoulder pattern The yellow metal has taken support near 200- H MA and slightly jumped from that level. Gold is trading weak on account of strong U.S dollar. It is currently trading around...

FxWirePro: NZD/USD resumes downside after brief consolidation on Monday, eyes 200-DMA at 0.7131

Feb 21, 2017 05:44 am UTC| Technicals

NZD/USD resumes downside after brief consolidation on Mondays trade, bias lower. Renewed buying interest seen in the greenback in the Asian hours on the back of a rebound in US treasury yields. Investors gear up for...

FxWirePro: USD/INR trades in narrow range, faces strong support at 66.99

Feb 21, 2017 05:00 am UTC| Technicals

USD/INR is currently trading around 67.01 marks. It made intraday high at 67.05 and low at 66.99 marks. Intraday bias remains neutral till the time pair holds key support at 66.99 marks. Key resistances are...

FxWirePro: USD/THB exhibits range bound movement, bias remains neutral

Feb 21, 2017 04:20 am UTC| Technicals

USD/THB is currently trading around 35.05 marks. It made intraday high at 35.09 and low at 35.02 marks. Intraday bias remains slightly bullish till the time pair holds immediate support at 34.99 marks. On...

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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...

Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks

The financial crisis of 2008 showed just how much the world depends on banks being well run. Since then, regulators have been given new powers to keep some of the biggest institutions on a much shorter leash to stamp out...

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

Shiba Inu Whale Moves 100 Billion SHIB Before FOMC, Signals Market Stir

In a surprising move, a mysterious Shiba Inu whale deposited 100 billion SHIB tokens into Coinbase, coinciding with a significant price drop just before the Federal Reserves crucial rate decision. This action has stirred...

Dongfeng Unveils High-Power Tesla Cybertruck Rival, Eyes Production in Italy

At the Beijing Auto Show, Dongfeng Motor Group showcased a Cybertruck-inspired electric vehicle boasting an impressive 1,305 horsepower, signaling its ambitions to produce over 100,000 electrified cars annually in Italy....

Biden Administration Set to Finalize Stricter EV Tax Credit Rules

The Biden administration is finalizing new electric vehicle tax credit rules, slashing the list of eligible models to just 13. This update, part of a broader effort to refine economic incentives before the election,...

Zeus Network Set to Launch Solana to Bitcoin Bridge in Q3 2024

Zeus Network has announced the launch of Zeus Program Library (ZPL) by Q3 2024, a pioneering bridge designed to connect and enhance asset transfer between the Solana and Bitcoin ecosystems, offering broad applications in...

Bitcoin Dips 4% Below Cost, Stirs Panic Among Short-Term Investors

In a startling decline, Bitcoin plummeted 4% below its average purchase price, sparking potential panic among short-term holders, who, according to analyst James Check, are now facing a 3% unrealized loss. Recent...