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Fri, May 03, 2024 09:45 AM All times are UTC

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FxWirePro: Upside momentum in AUD/CAD builds after breach of 20-DMA, good to go long on dips

Jan 10, 2017 06:50 am UTC| Technicals

Technical Analysis: AUD/CAD builds onto upside momentum as pair breaks 20-DMA resistance at 0.9719. The pair is extending recovery from 6-month lows of 0.9594 on 2nd Jan. Decisive close above 20-DMA to see...

FxWirePro: China’s PPI increases at fastest pace since September 2011, PBOC sets yuan mid-point at 6.9234

Jan 10, 2017 06:37 am UTC| Technicals

USD/CNY is currently trading around 6.9227 marks. It made intraday high at 6.9349 and low at 6.9175 levels. Intraday bias remains bearish for the moment. . A sustained close above 6.9350 marks will test key...

FxWirePro: Never buck GBP/USD downtrend as bears break major support, just 200pips away from multi-year lows

Jan 10, 2017 06:29 am UTC| Technicals

On daily charts, the bears manage to break below major supports of 1.2327 and 1.2205 levels; the current prices remain well below DMAs with confirmation from momentum indicators. The price dips may extend up to next...

FxWirePro: EUR/GBP extends bullish run above 38.2% Fib, bias higher, stay long

Jan 10, 2017 06:19 am UTC| Technicals

Technical Analysis: EUR/GBP extends bullish run after break of 100-DMA at 0.8626 on Mondays trade. Momentum studies remain bullish, the pair has broken 38.2% Fib of 0.9225 to 0.8304 fall. ADX supports uptrend,...

FxWirePro: USD/INR hovers 68.00 mark, faces strong resistance at 68.23

Jan 10, 2017 06:18 am UTC| Technicals

USD/INR is currently trading around 68.07 marks. It made intraday high at 68.14 and low at 67.99 marks. Intraday bias remains slightly bearish for the moment. Key resistances are seen at 68.23, 68.39, 68.49,...

Gold breaks minor trend line resistance, slight jump till $1197 is possible

Jan 10, 2017 06:01 am UTC| Technicals

Major resistance - $1188 Major support - $1160(200- H MA) The yellow metal has made a low of $1170 and recovered sharply from that level. It is currently trading around $1185.Gold has taken support near 60- H EMA...

FxWirePro: AUD/USD breaks channel top resistance, on track to test 50-DMA at 0.7406

Jan 10, 2017 05:39 am UTC| Technicals

Technical Analysis: AUD/USD has broken major channel top resistance at 0.7350, intraday bias higher. Momentum studies are bullish, strength in RSI at 56 levels with room for further upside. Currently, the pair...

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Economy

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...

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...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

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...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

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...

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...

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...

Technology

Kakao Enhances AI Focus, Merges Kakao Brain Into Core Operations

South Koreas Kakao Corporation finally decided to absorb Kakao Brains AI unit. The tech and internet giant is taking over its AI research and development (RD) business, which will include all of the departments staff and...

Shiba Inu (SHIB) Team Insider Unravels Key Burn Mystery: Exclusive Details

In a revealing discussion, Lucie, a member of the Shiba Inu team, sheds light on the enigmatic key burns orchestrated by the projects founder, Ryoshi. Lucies insights, shared in response to community inquiries, clarify the...

World's Largest Electric Container Ship Sets Sail with 50,000 kWh Battery Power

COSCO Shipping, a Chinese state-owned firm, has unveiled what it calls the worlds largest river-to-sea electric container vessel. The Green Water 01 is a 10,000-ton+ electric vessel that sets a new standard for...

Tesla Drivers Get $4k Off 2024 Chevy Blazer EV; Costco Auto Slashes Prices on New EVs

Tesla owners rejoice as Chevrolet rolls out an unprecedented $4,000 discount on the 2024 Blazer EV, open to Tesla drivers and a quirky list of EV owners. The electric vehicle market got more enticing with incentives...

Tesla Granted South Korean Emission Credit Trading Rights by Environmental Ministry

Ministry of Environments green light for Tesla to trade emission credits in South Korea marks a significant milestone, enabling the electric car giant to tap into a potentially lucrative market. With estimated credits...