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Mon, Apr 29, 2024 02:48 PM All times are UTC

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FxWirePro: GBP/USD trades lower on rising Russia –UK tensions, good to buy on dips

Mar 15, 2018 12:22 pm UTC| Technicals

Cable has declined almost more than 50 pips from todays high of 1.39885 on account of increasing tensions between Russia and UK. UK-Russia tension risk has been escalated over ex-spys poisoning. The poisoning of an...

FxWirePro: EUR/USD consolidates in narrow range, market eyes ECB policy meeting

Mar 15, 2018 11:45 am UTC| Technicals

EUR/USD is trading in narrow range between 1.22731 and 1.24118 for the past four trading session. The pair hits low of 1.23472 yesterday. It is currently trading around 1.23580. Market eyes major data such as Philly...

FxWirePro: NZD/JPY capped at 55-EMA, extends weakness for 2nd straight session

Mar 15, 2018 11:06 am UTC| Technicals

NZD/JPY is trading 0.34% lower on the day, extends weakness for 2nd straight session. Price action was capped at 55-EMA resistance at 78.62 on Tuesdays trade. The Kiwi has been struggling to get support on the...

FxWirePro: AUD/CHF slips below hourly cloud, eyes 1H 200-SMA at 0.7395, stay short

Mar 15, 2018 11:00 am UTC| Technicals

SNB maintains status quo, leaves deposit rate unchanged at -0.75%, failed to provide any fresh impetus. Renewed concerns over a global trade war lending some support the Swiss Francs safe-haven appeal. AUD/CHF...

FxWirePro: USD/CHF trades lower after SNB policy meeting, good to sell on rallies

Mar 15, 2018 10:52 am UTC| Technicals

USD/CHF has shown a minor decline after hitting high of 0.94596 at the time of writing after SNB monetary policy meeting. The pair has formed temporary top around 0.95354 on Mar 9th 2018 and started to decline from that...

USD/CAD faces strong resistance at 1.3000, break above targets 1.314

Mar 15, 2018 09:41 am UTC| Technicals

Major support 1.2920. USD/CAD is consolidating after hitting high of 1.29843 on Tuesday. The main reason for dip in Canadian dollar is hawkish tone by Bank of Canada governor Poloz in a speech at Queens university in...

FxWirePro: AUD/CAD consolidates channel breakout, scope for further upside on break out above 1.0211

Mar 15, 2018 09:20 am UTC| Technicals

AUD/CAD is extending consolidation after breakout at channel top, scope for further upside. The pair has retraced break above minor resistance at 1.0211, has slipped lower to close at 1.02 levels. Canadian dollar...

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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

Shiba Inu Faces New Correction, Dips Below Key Support Levels

Shiba Inu (SHIB), the popular meme cryptocurrency, has initiated another correction phase. It dropped below the crucial 26-day EMA and edged towards significant support levels. This downturn reflects a broader hesitance in...

MetaComp and Harvest Global Launch Innovative Bitcoin Spot ETFs in Singapore

In a significant move to expand global investment options, Singapore-based fintech MetaComp has teamed up with Harvest Global Investments to launch innovative bitcoin spot ETFs. This collaboration integrates advanced...

Dogwifhat's Surge on Solana Network Ignites Crypto Market Buzz

Dogwifhat, a meme coin built on the Solana blockchain, has shown a remarkable recovery, catching the eye of investors after its recent listing on Bybit led to a notable price increase. This development comes amidst a...

Lawyer Accuses DOJ of 'Obvious Disdain for Privacy' in Tornado Cash Case

Amanda Tuminelli, legal counsel for the DeFi Education Fund, has strongly criticized the DOJs apparent disregard for privacy and emerging technologies in its ongoing case against Tornado Cash. Critique of DOJs Technical...

Australia Set to Unveil Spot Bitcoin ETFs, $4 Billion Inflows Projected

Australias top exchange, the ASX, is poised to approve its first spot in Bitcoin ETFs. This could potentially unlock $3 to $4 billion in initial inflows over the next three years, bolstering the countrys robust crypto...