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FxWirePro: Gold trades higher, market eyes US Non-farm roll

Feb 02, 2018 06:49 am UTC| Technicals

Gold has shown a good jump of almost $13 yesterday from low of $1337. The yellow metal is consolidating for the past 12 hours between $1346.80 and $1350.80. US dollar index is still trading weak after making a high of...

FxWirePro: BTC/EUR breaks major trendline support, eyes 200-DMA at 6555, stay short

Feb 02, 2018 06:29 am UTC| Technicals Digital Currency

BTC/EUR has shown a decisive break below major trendline support at 7790, bias lower. The pair is extending downside, eyes next immediate support at 200-DMA at 6555. Break below 200-DMA will see major weakness in...

FxWirePro: Nikkei Daily Outlook

Feb 02, 2018 06:04 am UTC| Technicals

Nikkei is consolidating in narrow range after forming a bottom around 23303. The index till 23488 and started to show a dip till 23108. Nikkei slight upside was supported by declining yen. The huge rise in U.S 10 year bond...

FxWirePro: Chinese yuan rises gradually against U.S. dollar, hits highest level since August 2015

Feb 02, 2018 06:02 am UTC| Technicals

USD/CNY is currently trading around 6.2850 marks. It made intraday high at 6.2970 and low at 6.2769 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.3188 mark. A sustained...

FxWirePro: AUD/USD struggles at 0.80 handle, break below 20-DMA at 0.7986 to accentuate weakness

Feb 02, 2018 05:51 am UTC| Technicals

AUD/USD failed to break below 23.6% Fibo on Thursdays trade and price action is struggling at 0.80 handle in the Asian session today. The pair is in the red for 5th straight session, and upside remains capped below...

FxWirePro: USD/JPY hovers around 23.6% Fib, extends upside in 'Bullish Bat' pattern, stay long

Feb 02, 2018 05:13 am UTC| Technicals

USD/JPY extends upside after completing Bullish Bat pattern, bias higher. Yen dampened after BOJs decision to buy more bonds maturing in 5-10 years. The major is extending upside for 3rd straight session, is...

FxWirePro: Indian rupee falls unexpectedly against U.S. dollar, stay bullish

Feb 02, 2018 04:12 am UTC| Technicals

USD/INR is currently trading around 64.12 marks. It made intraday high at 64.16 and low at 63.90 marks. Intraday bias remains bullish till the time pair holds key support at 63.87 mark. Key resistances are...

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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

Traders Forecast Best Altseason Since 2017 as Bitcoin Momentum Cools

As Bitcoin stabilizes above $64,000, traders forecast a burgeoning altcoin market that may mirror the explosive growth last seen in 2017. Bitcoin Rebounds Over Weekend, Traders Anticipate Potential Altcoin...

MicroStrategy's Bold Strategy Pays Off: Stock Skyrockets Amid Bitcoin Fluctuations

Despite the cryptocurrencys volatility, MicroStrategys stock soared by an impressive 461.7% over the past year, buoyed by strategic investments in Bitcoin and innovative debt management. MicroStrategy Triumphs: Stock...

Elon Musk in Beijing to Propel Tesla's Self-Driving Tech in China

Tesla CEO Elon Musk unexpectedly visited Beijing on Sunday to discuss launching Teslas Full Self-Driving technology in China and navigate data transfer policies amidst heightened US-China trade collaborations. Elon Musk...

Bitcoin Miners See Sharp Drop in Fee Revenue Following Halving Event

Following the recent Bitcoin halving, transaction fees, which once soared, now represent just 35% of miner revenue, significantly impacting their earnings amidst stable network conditions. Bitcoin Halving Sees Miner...

Adidas and Stepn Unveil NFT Sneakers in Trailblazing Web3 Partnership

Adidas has partnered with the Solana-based fitness app Stepn to launch an exclusive NFT sneaker collection, signaling the sports giants further dive into the Web3 space. Adidas Steps Into Web3 with Stepn Collaboration,...