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Sun, Apr 28, 2024 01:17 PM All times are UTC

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FxWirePro: USD/CAD key support at 1.3244, buy deals are recommended above 1.3245

Nov 19, 2015 16:10 pm UTC| Technicals

USD/CAD has declined sharply to trade around 1.3267 levels, from yesterdays high at 1.3368 levels. However, the pair has rebounded and is consolidating around 1.3244 support levels, the pair is set to advance further...

FxWirePro: GBP/USD key support at 1.5244, bullish in the short term

Nov 19, 2015 15:14 pm UTC| Technicals

GBP/USD declined strongly in European session after UK retail data printed negative figures. The cable is currently trading around 1.5291 levels with overbought condition and a pullback towards 1.5250 levels can be...

FxWirePro: USD/CHF key support at 1.0099, bullish in the short term

Nov 19, 2015 14:18 pm UTC| Technicals

The USD/CHF has retreated back from 1.0200 levels to trade around 1.0188 levels, after the release of US jobless claims data. The pair has been trading in bullish trend off late and it is set to continue advancing further,...

FxWirePro: CAD/JPY struggles break above 93.25, good to buy at dips

Nov 19, 2015 12:25 pm UTC| Technicals

CAD/JPY has once again made a high of 93.07 and declined till 92.82 at the time of writing. It is facing strong resistance around 93.25 (Oct 9th high). Short term trend reversal only above 93.25. The pairs major...

EUR/NZD Trade Idea

Nov 19, 2015 11:58 am UTC| Technicals

Break out level- 1.6375 (trend line joining 1.6213 and 1.6320) The pair has broken a major support 1.6375 and declined till 1.63469. It is currently trading at 1.63580. Any break below trend line support confirms short...

USD/JPY- Watch out for 122.80 for further weakness

Nov 19, 2015 11:37 am UTC| Technicals

USD/JPY has made a high of 123.75 and declined from that level. It is currently trading around 123.10. Overall trend is neutral and any break below 122.80 confirms slight weakness, decline till 122 is possible. On the...

FxWirePro: GBP/USD trades weaker after retail sales, sell on rallies

Nov 19, 2015 09:52 am UTC| Technicals

GBP/USD has broken 1.5250 after release of weaker than expected UK retail sales. UK Oct Retail sales decreased to -0.6% m/m compared to forecast of 0.5% Vs 1.9% in Sep and core retail sales declined to -0.9%. Decrease in...

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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

Tesla Debuts Enhanced Autopilot in China for Just $98 Monthly

Tesla has officially launched Enhanced Autopilot subscriptions in China, offering features like auto-steering and auto-lane change. Marking a strategic step in Teslas global tech deployment. Teslas Pricing Strategy:...

Nate Geraci Highlights Correlation Between Bitcoin and ETF Performance

Nate Geraci, president of The ETF Store, emphasized the strong linkage between Bitcoins market movements and the performance of Bitcoin ETFs. This correlation is evident as shifts in Bitcoins price significantly influence...

Google Cloud Launches Web3 Portal, Stirring Mixed Reactions in Crypto Community

Google Cloud has unveiled a new Web3 portal featuring blockchain development tools, testnets, and educational resources, sparking diverse reactions across the cryptocurrency industry. While some praise the initiative as a...

Ethereum Surges 6%, Outshines Bitcoin as Consensys Sues SEC Over Security Status

Ethereums price has surged by over 6% to $3,320, outperforming Bitcoin amidst ongoing legal challenges. Consensys, backing Ethereum, has initiated a lawsuit against the SEC, contesting its attempt to classify ETH as a...

DOJ Counters Dismissal Bid in Tornado Cash Co-founder's Legal Battle

In a recent legal development, the DOJ firmly opposed a motion to dismiss charges against Roman Semenov, co-founder of Tornado Cash, highlighting potential jury issues over the crypto mixers operations and sanction...