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Fri, May 03, 2024 12:54 AM All times are UTC

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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...

FxWirePro: Gold forms potential Bullish Gartley pattern, good to buy on dips

Dec 08, 2017 06:04 am UTC| Technicals

Harmonic Chart pattern Bullish Gartley pattern. Potential Reversal Zone (PRZ) - $1205. Gold is trading weak for the past nine trading session and declined almost $57 from the high. The yellow metal dipped till...

FxWirePro: Doji formation on weekly charts keeps scope for downside in NZD/JPY, go short on close below 20-DMA

Dec 08, 2017 05:49 am UTC| Technicals

NZD/JPY hovers around major trendline resistance at 77.50, break above to see further upside. Upbeat China trade balance supports the kiwi, the pair extends break above 20-DMA at 77.10, briefly hits highs of...

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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

Solana's Future Anchored in Four Key Pillars, Developer Outlines Strategy

Vibhu Norby, CEO of Drip Haus, has outlined four essential pillars to define Solanas path forward amid a dynamic period of growth and challenges in the blockchain space. Key Strategies for Solanas Scaling and User...

Shiba Inu Magazine Details Upcoming Shibarium Hard Fork Enhancements

Shiba Inu (SHIB) lovers will get a full description of the highly anticipated Shibarium hard fork in the most recent issue of The Shib magazine. On International Workers Day, the magazine begins with a rallying cry for the...

2025 Sees SK hynix's HBM Chips Fully Booked Amidst AI Surge

SK hynix, a key player in the artificial intelligence (AI) services sector, made a significant announcement on Thursday. HBM Sales Reflect SK hynixs Market Leadership Its high-bandwidth memory (HBM) processors,...

Bitcoin Price May Consolidate for Two Months Post-Halving, Says Bitfinex

As the cryptocurrency market adjusts to the latest Bitcoin halving, analysts from Bitfinex forecast a price consolidation period of up to two months, with significant price fluctuations expected within this...

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...