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FxWirePro: GBP/CHF finds strong support at 100-DMA (1.3112), good to short break below

Jan 30, 2018 11:05 am UTC| Technicals

GBP/CHF is extending downside for 4th successive session, breaks below 50-DMA at 1.3227. Technical indicators on daily charts are biased lower. RSI and Stochs are sharply lower. MACD has shown a bearish crossover...

CHF/JPY: Double bottom and trend line break out

Jan 30, 2018 10:44 am UTC| Technicals

Major intraday support- 115.75 Chart pattern Double bottom The pair has shown a minor recovery after forming a bottom at 115.75. It broke trend line resistance at 116.28 and jumped till 116.39. It is currently...

Crude oil faces strong trend line support at $64.65, break below targets $63

Jan 30, 2018 09:41 am UTC| Technicals

Major support -$64.65. US oil formed a temporary top almost a double top around $66.63 and started to decline from that level. The main reason for decline in oil price was slight recovery in US dollar. The commodity...

FxWirePro: AUD/JPY capped at 20-DMA, on track to test 100-DMA at 87.34, stay short

Jan 30, 2018 09:30 am UTC| Technicals

AUD/JPY recovery falters at 20-DMA, pair slips lower, retraces break above 5-DMA. Technical studies are turning bearish. RSI is biased lower and Stochs have rolled over from overbought levels. We see -ve DMI...

FxWirePro: Copper holds 50-DMA support, short break below, target 3.120

Jan 30, 2018 08:52 am UTC| Technicals

Copper holds 50-DMA support at 3.157, weakness likely to accentuate on break below. Technical indicators support weakness. RSI and Stochs are biased lower. We see -ve DMI crossover on +ve DMI which adds to...

FxWirePro: Silver falls sharply against U.S. dollar, consistent close below $17.02 targets $16.72 mark

Jan 30, 2018 08:37 am UTC| Technicals

XAG/USD is currently trading around $17.07 marks. It made intraday high at $17.19 and low at $17.05 levels. Intraday bias remains bearish till the time pair holds key resistance at $17.48 mark. A daily close...

FxWirePro: South African rand trades marginally lower against U.S. dollar, faces strong resistance at 12.15 mark

Jan 30, 2018 08:16 am UTC| Technicals

USD/ZAR is currently trading around 11.98 levels. It made intraday high at 12.03 and low at 11.91 levels. Intraday bias remains bullish for the movement. A daily close above 11.93 will take the parity...

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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,...