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FxWirePro: Chinese Yuan hits fresh weekly high against US dollar, intraday bias remains bearish

Mar 31, 2016 08:41 am UTC| Technicals

USDCNY is currently trading around 6.4645 levels. It made intraday high at 6.4770 and low at 6.4648 levels. The Peoples Bank of China set the midpoint rate at its strongest this year at 6.4612 per dollar prior to...

FxWirePro: Gold looks stronger in long term but short term trend remains in range - speculate via boundary binaries and mid-month futures

Mar 31, 2016 08:24 am UTC| Technicals

Technical Inference: Broken rising wedge base on daily chart at around 1240 levels. Currently, experiencing resistance between 1245-1250 range. Daily RSI has been converging downwards with every dips ever since it...

FxWirePro: GBP/NZD momentum turns bearish, good to sell rallies

Mar 31, 2016 08:11 am UTC| Technicals

GBP/NZD has been trading a falling wedge formation and has resumed downside after multiple rejections at wedge top. Downside has been supported with rising volumes and Technicals confirm further...

FxWirePro: FTSE100 faces strong resistance at 6245, good to sell on rallies

Mar 31, 2016 07:57 am UTC| Technicals

Major resistance 6245(200 day MA) Major support - 6080 The index has retreated after making a high of 6220 yesterday. It is currently trading around 6165. Major resistance is around 6245 (200 day MA) and...

FxWirePro: Silver remains firm above $15.20, good to buy on dips

Mar 31, 2016 07:54 am UTC| Technicals

XAG/USD is currently trading around $15.24 levels. It made intraday high at $15.28 and low at $15.17 levels. Intraday bias remains bullish for the moment. A daily close below $15.17 will tests key supports...

FxWirePro: BTC/USD faces strong resistance at $428, good to sell on rallies

Mar 31, 2016 07:19 am UTC| Technicals

Major resistance - $428 (trend line joining $502.48 and $465) BTC/USD has slightly recovered after making a low of $407.It is currently trading around $414.87. Short term trend is slightly weak as long as...

GBP/JPY breaks major support 161.30, decline till 160/158.50 is possible

Mar 31, 2016 06:31 am UTC| Technicals

Major support- 161.30 Major resistance 162.60 The pair has retreated after making a high of 162.57 yesterday. It is currently trading around 160.99. Short term trend is weak as long as 162.60 holds. 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...

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...

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

Traders Forecast Best Altseason Since 2017 as Bitcoin Momentum Cools

As Bitcoin stabilizes above $64,000, traders forecast a burgeoning altcoin market that may mirror the explosive growth last seen in 2017. Bitcoin Rebounds Over Weekend, Traders Anticipate Potential Altcoin...

MicroStrategy's Bold Strategy Pays Off: Stock Skyrockets Amid Bitcoin Fluctuations

Despite the cryptocurrencys volatility, MicroStrategys stock soared by an impressive 461.7% over the past year, buoyed by strategic investments in Bitcoin and innovative debt management. MicroStrategy Triumphs: Stock...

Elon Musk in Beijing to Propel Tesla's Self-Driving Tech in China

Tesla CEO Elon Musk unexpectedly visited Beijing on Sunday to discuss launching Teslas Full Self-Driving technology in China and navigate data transfer policies amidst heightened US-China trade collaborations. Elon Musk...

Bitcoin Miners See Sharp Drop in Fee Revenue Following Halving Event

Following the recent Bitcoin halving, transaction fees, which once soared, now represent just 35% of miner revenue, significantly impacting their earnings amidst stable network conditions. Bitcoin Halving Sees Miner...

Adidas and Stepn Unveil NFT Sneakers in Trailblazing Web3 Partnership

Adidas has partnered with the Solana-based fitness app Stepn to launch an exclusive NFT sneaker collection, signaling the sports giants further dive into the Web3 space. Adidas Steps Into Web3 with Stepn Collaboration,...