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Thu, May 02, 2024 02:20 PM All times are UTC

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FxWirePro: USD/CHF trades higher, market eyes US NFP data

Dec 08, 2017 08:19 am UTC| Technicals

USD/CHF jumped more than 70 pips from the yesterday low of 0.98768 after positive U.S economic data. US jobless claim data declined for the third straight week. The number of people filed for unemployment benefits fall to...

FxWirePro: USD/ZAR hovers around key resistance at 13.75 mark, sustained close above requires for upside rally

Dec 08, 2017 07:55 am UTC| Technicals

USD/ZAR is currently trading around 13.71 levels. It made intraday high at 13.75 and low at 13.68 levels. Intraday bias remains bullish till the time pair holds key support at 13.48 mark. A daily close...

FxWirePro: GBP/JPY breaks major resistance at 153, jump till 155 likely

Dec 08, 2017 06:41 am UTC| Technicals

Major Resistance 153 GBP/JPY jumped sharply almost more than 200 pips yesterday on positive Brexit talks. The Brexit negotiations is going on smoothly and first phase is going to complete. The major issue Irish...

FxWirePro: AUD/NZD back-to-back shooting star appearance after breach below channel support intensify weakness, major trend back in range

Dec 08, 2017 06:41 am UTC| Technicals

Ever since the channel support was breached, weve seen more bearish interests than the buying interests. Shooting stars occur at 1.1074 and 1.1062 levels consecutively (refer daily plotting), the downswings are backed by...

FxWirePro: USD/INR remains well supported below 64.62 mark, good to sell on rallies

Dec 08, 2017 06:26 am UTC| Technicals

USD/INR is currently trading around 64.43 marks. It made intraday high at 64.54 and low at 64.41 marks. Intraday bias remains bearish till the time pair holds key resistance at 64.62 mark. Key resistances...

FxWirePro: USD/INR remains well supported below 64.62 mark, good to sell on rallies

Dec 08, 2017 06:26 am UTC| Technicals

FxWirePro: GBP/AUD hits fresh multi-month highs at 1.7996, eyes 200W-SMA at 1.8420, stay long

Dec 08, 2017 06:21 am UTC| Technicals

GBP/AUD is extending break above 100W-SMA at 1.7502 last week, bias higher. The pair has hit fresh multi-month highs at 1.7996 and is on track to test 200W-SMA at 1.8420. Technical support upside, RSI on weekly...

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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...

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...

Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks

The financial crisis of 2008 showed just how much the world depends on banks being well run. Since then, regulators have been given new powers to keep some of the biggest institutions on a much shorter leash to stamp out...

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...

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,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

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

Former PayPal President Predicts Bitcoin as AI's Future Currency

Amid fluctuating prices, former PayPal President David Marcus champions Bitcoin as the native currency of AI at the Bitcoin for Corporations 2024 event, rekindling interest and optimism in the cryptocurrencys long-term...

Massive Shiba Inu Transfer: 1.75 Trillion SHIB Moves, Sparks Market Excitement

On May 2, Whale Alert tracked two enormous transfers totaling 1.75 trillion Shiba Inu (SHIB) tokens from Robinhood, driving a more than 6% increase in SHIBs price and igniting bullish sentiment among...

Anthropic Launches Claude AI App on iPhone to Rival OpenAI’s ChatGPT

Anthropic PBC, an artificial intelligence startup established in 2021, announced on Wednesday, May 1, that it launched an iOS app for its Claude 3 AI chatbot or language models. The company also unveiled a new subscription...

Shiba Inu Whale Moves 100 Billion SHIB Before FOMC, Signals Market Stir

In a surprising move, a mysterious Shiba Inu whale deposited 100 billion SHIB tokens into Coinbase, coinciding with a significant price drop just before the Federal Reserves crucial rate decision. This action has stirred...

Dongfeng Unveils High-Power Tesla Cybertruck Rival, Eyes Production in Italy

At the Beijing Auto Show, Dongfeng Motor Group showcased a Cybertruck-inspired electric vehicle boasting an impressive 1,305 horsepower, signaling its ambitions to produce over 100,000 electrified cars annually in Italy....