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Fri, May 03, 2024 07:41 AM All times are UTC

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FxWirePro: USD/CHF trades below major trend line support, dip till 0.9785 likely

Aug 21, 2018 09:17 am UTC| Technicals

After a long consolidation the pair declined well below 0.9900 level. The pair had hits low of 0.98947 on Aug 9th2018 and showed a minor recovery till 0.99825. The broad selling in US dollar after Trumps comment on US fed...

FxWirePro: DXY takes support at 21-EMA, further weakness only on break below

Aug 21, 2018 08:55 am UTC| Technicals

Refer DXY chart on Trading View DXY extends declines for the 4th straight session, trades 0.17% lower on the day. Price is extending decline from 13-month highs at 96.86, with shooting star formation. Fears...

FxWirePro: USD/ZAR slips below 14.50 mark, bias remains slightly bearish

Aug 21, 2018 08:42 am UTC| Technicals

USD/ZAR is currently trading around 14.37 levels. It made intraday high at 14.52 and low at 14.35 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 14.72 mark. A...

CHF/JPY faces strong resistance near trend line and 200- HMA, convincing break above targets 112.10

Aug 21, 2018 08:34 am UTC| Technicals

Major trend line resistance- 111.43 CHFJPY has formed a minor bottom around 110.80 and shown a more than 50 pips jump. It hits high of 111.43 and is currently trading around 111.41. The Pair is consolidating near...

FxWirePro: Silver trades in narrow range, faces key resistance at $14.82 mark

Aug 21, 2018 07:33 am UTC| Technicals

XAG/USD is currently trading around $14.76 marks. It made intraday high at $14.80 and low at $14.70 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $14.82 marks. A...

FxWirePro: Buzzing AUD bulls on hammer formation, 21-DMA is where RSI signals faded strength, short hedge as major downtrend remains intact

Aug 21, 2018 07:13 am UTC| Technicals

AUDUSDforms hanging man and hammer patterns at 0.7428 and 0.7238 levels respectively and the stiff resistance at 0.7369 (21DMA) and 0.7454 levels and strong support at 0.7315 areas are observed. Hanging man at stiff...

FxWirePro: Gold upside capped by 10- day MA, good to buy on dips

Aug 21, 2018 07:05 am UTC| Technicals

Major resistance- $1196 (10- day MA) Bullish divergence - CCI(50) daily chart The yellow metal has shown a good jump of almost $15 from the yesterdays low of $1182. Gold hits high of $1196.25 and is currently trading...

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Economy

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

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...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

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...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

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...

Technology

Shiba Inu (SHIB) Team Insider Unravels Key Burn Mystery: Exclusive Details

In a revealing discussion, Lucie, a member of the Shiba Inu team, sheds light on the enigmatic key burns orchestrated by the projects founder, Ryoshi. Lucies insights, shared in response to community inquiries, clarify the...

World's Largest Electric Container Ship Sets Sail with 50,000 kWh Battery Power

COSCO Shipping, a Chinese state-owned firm, has unveiled what it calls the worlds largest river-to-sea electric container vessel. The Green Water 01 is a 10,000-ton+ electric vessel that sets a new standard for...

Tesla Drivers Get $4k Off 2024 Chevy Blazer EV; Costco Auto Slashes Prices on New EVs

Tesla owners rejoice as Chevrolet rolls out an unprecedented $4,000 discount on the 2024 Blazer EV, open to Tesla drivers and a quirky list of EV owners. The electric vehicle market got more enticing with incentives...

Tesla Granted South Korean Emission Credit Trading Rights by Environmental Ministry

Ministry of Environments green light for Tesla to trade emission credits in South Korea marks a significant milestone, enabling the electric car giant to tap into a potentially lucrative market. With estimated credits...

US Lawmakers Push SEC for Bitcoin Options Trading Approval

In a bipartisan effort, US Representatives Mike Flood and Wiley Nickel have penned a letter to SEC Chair Gary Gensler, urging swift action in approving options trading for Bitcoin exchange-traded products (ETPs). Amid...