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FxWirePro: USD/CHF key support at 1.0097, upside prevails in the short term

Nov 20, 2015 13:52 pm UTC| Technicals

The USD/CHF has inched towards 1.0150 levels, after failing to break below 1.0120 minor support levels. The pair has been trading in a sideways movement off late, and a strong rebound is expected to take place sooner or...

FxWirePro: GBP/USD key support at 1.5226, bullish in the short term

Nov 20, 2015 13:43 pm UTC| Technicals

The Sterling declined against US dollar from 1.5226 levels in the early European session, reaching daily lows around 1.5234 levels. An attempt was made by bears to breach 1.5232 supports level in the late European session,...

Swiss trade balance not suffice to restrain USD/CHF rallies but SNB lined up for rate cut

Nov 20, 2015 13:42 pm UTC| Technicals Central Banks

Switzerland has posted upbeat trade balance numbers for this month at 4.13B which is a way beyond 3.25B and forecasts at 3.18B. Swiss National Bank left monetary policy unchanged last meeting, the SNB had left the...

FxWirePro: USD/CHF rejects channel line resistance, struggling to hold 1.0140

Nov 20, 2015 13:34 pm UTC| Technicals

It has been a strong uptrend for dollar against Swiss franc for last one month or so. Today the pair has been able to bounce above resistance 1.0140 levels but rejected above channel line at 1.0219. Currently, it is...

GBP/CAD breaks major resistance around 2.036, targets 2.0420

Nov 20, 2015 12:17 pm UTC| Technicals

Potential Reversal Zone (PRZ)- 2.033 GBP/CAD has broken major resistance 2.033 and jumped till 2.0360. It is currently trading at 2.033. The pair has declined till 2.0197 after making a high of 2.0344 (18th Nov...

AUD/CHF breaks major resistance 0.7315, jump till 0.7500 is possible

Nov 20, 2015 11:57 am UTC| Technicals

Break out level- 0.7315 (Jun 2015 high) The pair has broken a major resistance 0.7315 and jumped till 0.7322. It is currently trading at 0.7318. On the downside the support is around 0.7270 and break below will...

USD/JPY Trade Idea

Nov 20, 2015 11:04 am UTC| Technicals

Potential reversal Zone -122.80 (trend line joining 120.25 and 122.22) The pair has broken this level and declined till 122.62 and is currently trading around 122.75 Intraday trend is positive as long as...

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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...

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...

What if the Reserve Bank itself has been feeding inflation? An economist explains

Heres something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May...

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

Apple Partners with OpenAI for On-Device AI in iOS 18, Enhancing Privacy

Apple Inc. has reignited discussions with OpenAI to integrate advanced AI features into iOS 18, utilizing large language models entirely on-device. According to a Bloomberg report, this move promises to significantly...

Republic First Bank Shut Down by Regulators, Crypto Prices Tumble

In a significant regulatory move, the Pennsylvania Department of Banking and Securities has closed Republic First Bank, marking the first major U.S. bank collapse of 2024. The closure has sparked heated reactions within...

Shiba Inu Tops Robinhood, 300M Dogecoin Moves As Market Eyes Breakout

Shiba Inu leads this weeks Robinhood cryptocurrency rankings as it surges 11%, while a massive 300 million Dogecoin transfer to Robinhood signals a potential market breakout, stirring interest among traders and...

Tesla Sets Late 2025 Launch for Semi, Expands Megapack Production

Tesla Inc. has confirmed the launch of its Semi truck for late 2025, with broader customer deliveries expected in 2026. This announcement coincides with the expansion of Teslas Megapack production at its Lathrop...

SHIB Price Climbs as Shibarium Upgrade Sparks Optimism Among Investors

The Shiba Inu cryptocurrency surged over 4% on April 26, buoyed by executive enthusiasm for the forthcoming Shibarium upgrade to enhance the platforms functionality and security. Shibarium Upgrade Fuels Market Optimism,...