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Fri, Apr 19, 2024 10:54 AM All times are UTC

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FxWirePro: BTC/USD struggles to break below $435, good to buy at dips

May 25, 2016 09:18 am UTC| Technicals

Pattern Formed- Triple bottom Major support - $435 BTC/USD has broken minor resistance $446 (55 day 4 H EMA). It is currently trading around $447.51. The pair should break below $435 for further...

FxWirePro: EUR/GBP capped below major trendline resistance at 0.7625, stay short

May 25, 2016 09:01 am UTC| Technicals

Disappointing German ZEW economic sentiment and the latest Brexit polls pushed EUR/GBP to its lowest level since early Feb to test 0.7600 levels. Upbeat German Ifo index data release earlier today saw some rebound in...

FxWirePro: Swedish krona erases previous loss against euro, intraday bias remains bearish

May 25, 2016 08:35 am UTC| Technicals

EUR/SEK is currently trading around 9.2589 levels. It made intraday high at 9.2762 and low at 9.2545 levels. Yesterday Sweden released unemployment data with positive numbers at 7.3% m/m vs 7.7% m/m previous...

FxWirePro: AUD/USD unable to holds gains above the 0.72 handle, 61.8% Fib caps upside

May 25, 2016 08:35 am UTC| Technicals

AUD/USDs recovery from its lowest level since early March was capped at 61.8% Fib retrace level at 0.7212. Risk-on early on Wednesday supported the commodities and thereby commodity-linked currencies like the...

FxWirePro: GBP/NZD trades lower better than expected New Zealand trade surplus , good to sell on rallies

May 25, 2016 08:17 am UTC| Technicals

Major resistance- 2.17532 GBP/NZD has retreated after making a high of 2.175 on account of better than expected New Zealand trade surplus . New Zealand posted a trade surplus of $292 million in Apr, more than the...

FxWirePro: EUR/JPY extends range trade for a second consecutive day, bias lower

May 25, 2016 07:12 am UTC| Technicals

EUR/JPY is extending range trade for a second consecutive day, with days highs at 122.79 and lows at 122.46. Pair remains capped below 510 DMAs, momentum studies are bearish. Strong support lies at 122.45 (Double...

FxWirePro: USD/CNY breaks key resistance at 6.5510, next target 6.5708 in focus

May 25, 2016 07:06 am UTC| Technicals

USD/CNY is currently trading around 6.5583 marks. It made intraday high at 6.5603 and low at 6.5509 levels. Intraday bias remains bullish till the time pair holds key support at 6.5510 levels. A sustained...

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Economy

Impact of Iran-Israel conflict on Stocks, Gold and Bitcoin

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation,...

Japan Posts 7.7% Growth in Machinery Orders

In a striking development that looks set to invigorate Japans economic prospects, a key gauge of capital spending in the country has seen its most significant jump in over a year. According to Cabinet Office data released...

How cuts to marginal income tax could boost the UK’s stagnant economic growth

The British prime minister recently claimed the UK economy has turned a corner. Rishi Sunak said inflation figures were encouraging, and proclaimed that 2024 would be the year Britain bounces back. According to his...

A sustainable future begins at ground level

In 2015, the United Nations adopted the Sustainable Development Goals (SDGs) as a call to action in global partnership. By 2023 it appears that our progress has been far from satisfactory in achieving these...

Digital trade protocol for Africa: why it matters, what’s in it and what’s still missing

In February 2024, African heads of states adopted a draft protocol to regulate digital trade within the continent. This significant yet challenging course for Africas digital economy fits into the broader trade agreement,...

Politics

Nvidia RTX 4090D Embroiled in US-China Tech Rivalry; South Korea Navigates Chip Export Dilemma

The U.S. government has tightened export restrictions on high-performance semiconductor chips to China, including the Nvidia RTX 4090D, and is urging South Korea to enforce similar curbs, marking a significant escalation...

Canada needs a national strategy for homeless refugee claimants

One year after the federal government closed Roxham Road, refugee claims in Canada continue to increase: there were 143,785 in 2023 compared to 91,730 in 2022. The surprise announcement in March 2023 to modify Canadas...

Who will Trump pick as his running mate?

Being second in line for leadership of the most powerful country in the world is not an easy job. But for Mike Pence, vice president under Donald Trump, things were even harder than usual. As insurrectionists descended...

US and Japan Boost AI, Semiconductor Alliance; EU Eyes Reduction in China Dependence

Japan and the United States are poised to deepen ties in the high-tech sector, signaling a strategic move to enhance their global partnership with a focus on artificial intelligence and semiconductor...

US Finalizes Ban List for Chinese Chipmakers; Boosts Mexico Semiconductor Ties

The United States is finalizing a list of Chinese chip factories banned from receiving vital technology, aiming to curb Beijings tech advancements amid national security concerns. Concurrently, a US-Mexico semiconductor...

Science

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...

If life exists on Jupiter’s moon Europa, scientists might soon be able to detect it

Europa is one of the largest of more than 90 moons in orbit around the planet Jupiter. It is also one of the best places to look for alien life. Often termed an ocean world by scientists, observations to date strongly...

Exploding stars are rare but emit torrents of radiation − if one happened close enough to Earth, it could threaten life on the planet

Stars like the Sun are remarkably constant. They vary in brightness by only 0.1% over years and decades, thanks to the fusion of hydrogen into helium that powers them. This process will keep the Sun shining steadily for...

An eclipse for everyone – how visually impaired students can ‘get a feel for’ eclipses

Many people in the U.S. will have an opportunity to witness nearly four minutes of a total solar eclipse on Monday, April 8, 2024, as it moves from southern Texas to Maine. But in the U.S., over 7 million people are blind...

Technology

Polestar to Launch Polestar 4 Pure EV in South Korea

Polestar, a Swedish automotive manufacturer owned by Volvo Cars, is set to bring its all-electric Sports Utility Vehicle to South Korea. The company specializing in EV production will release its Polestar 4 electric...

Canada Set to Enforce OECD Crypto Tax Standards by 2026

Canada has announced plans to adopt the OECDs Crypto-Asset Reporting Framework (CARF) by 2026, aligning with global efforts to standardize cryptocurrency taxation. The move aims to enhance transparency and regulatory...

Elon Musk Reveals Cybertruck Accelerator Fix; New Software Bug Exposed in Car Wash Mishap

Elon Musk has addressed the Tesla Cybertrucks accelerator problem in a recent flurry of issues. At the same time, another owner reports a significant software glitch following a routine car wash, causing a five-hour system...

Samsung's Exynos 2500 Rumored to Eclipse Snapdragon 8 Gen 4 in Power Efficiency With 3nm SoC

Samsung is reportedly preparing to equip the Galaxy S25 series with the Exynos 2500, a chipset that utilizes 3nm technology and may perform better than Qualcomms Snapdragon 8 Gen 4. For the next Galaxy S25 series,...

Shibarium Soars 160% as Key Metric Rebounds, Signaling Recovery

Shibarium, Shiba Inus blockchain solution, has surged by an impressive 160% in just 24 hours, marking a notable recovery in vital metrics. This surge follows a recent decline in transaction volume, indicating a swift...