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AUD/NZD: Call Update - Our long is in decent shape; approaching TP:1

Nov 17, 2015 05:06 am UTC| Technicals

Our AUD/NZD long is in decent shape, positive setup in the pair continues, bulls likely to test 1.1014, 61.8% of Sep/Nov fall. 10-DMA (at 1.0837) limits the downside, Tenkan and Kijun are positively aligned and the...

FxWirePro: Strong support for AUD/USD at 0.7075, good to buy dips

Nov 17, 2015 04:13 am UTC| Technicals

AUD/USD closed Mondays trade above channel support at 0.7085. The pair trades a narrow range on the day between 0.7108 and 0.7083, but holds above major support at 0.7075. Breaks below could see weakness,...

GBP/JPY faces strong resistance 187.70, sell on rallies

Nov 17, 2015 04:10 am UTC| Technicals

Potential Reversal Zone (PRZ) -187.70 GBP/JPY has made a high of 187.48 at the time writing and slightly declined from that level. Further bullishness can be seen only above 187.70 and break above targets...

USD/CHF - Watch Out for 1.0125 for further bullishness

Nov 17, 2015 03:25 am UTC| Technicals

Potential Reversal Zone (PRZ)- 1.0125 USDC/CHF has closed above 1.0760 (127% retracement of 0.9902 and 0.9259) and this confirms minor bullishness , a jump till 1.01250 is possible . The further bullishness can...

FxWirePro: USD/CHF key support at 1.0042, upside prevails in the short term

Nov 16, 2015 15:00 pm UTC| Technicals

The USD/CHF has inched towards 1.0070 levels, after failing to break below 1.0042 support levels. The pair has been trading in a sideways movement off late, a strong rebound is expected to take place sooner or later around...

FxWirePro: GBP/USD key support at 1.5150, bullish in the short term

Nov 16, 2015 14:27 pm UTC| Technicals

The Sterling declined against US dollar from 1.5226 levels in the early Asian session, reaching daily lows around 1.5184 levels. An attempt was made by bears to breach 1.5180 supports level in the late European session,...

FxWirePro: EUR/USD key resistance at 1.0852, bearish in the short term

Nov 16, 2015 14:00 pm UTC| Technicals

The EUR/USD pair opened today with gap and started to decline in the Asian session, as the euro was broadly sold across the board in the aftermath Paris atrocities. As a result the major European currencies also have...

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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

SHIB Burn Rate Soars 88% Following Major Shibarium Upgrade Announcement

Following a crucial upgrade announcement for Shibarium, Shibburn reports a dramatic 88.32% increase in the SHIB burn rate, removing millions from circulation and significantly boosting Shiba Inu coin holders. SHIB...

Solana Co-Founder Clashes with Vitalik Buterin, Champions Meme Coin Culture

In a bold social media move, Solanas co-founder Raj Gokal defended meme coins and subtly critiqued Ethereums Vitalik Buterin, stirring controversy in the crypto community. Solanas Gokal Defends Meme Coins, Warns...

Tesla Model 3 Performance Price Surges Days After Debut, Cybertruck Powershare Costs Skyrocket

Just days after Tesla released its Model 3 Performance, the company increased its price by $1,000. Meanwhile, a Tesla Cybertruck owner faces a staggering $30,000 quote for a Powershare installation, which would enable his...

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...