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Thu, May 02, 2024 10:48 PM All times are UTC

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FxWirePro: WTI hammer resumes momentary rallies despite bearish SMA crossover, bulls break-out triangle resistance – Stay long hedged as more rallies on cards

Dec 06, 2017 10:50 am UTC| Technicals

Chart pattern formed- Symmetric triangle resistance break-out and hammer pattern candlestick. Major supports are observed at $56.77, and bulls have managed to test this major supports before bouncing back. While...

FxWirePro: GBP/USD breaks major support 1.3370, decline till 1.3225 likely

Dec 06, 2017 10:29 am UTC| Technicals

Major Support- 1.3370 Cable is continuing its weakness for the second consecutive day after UK PM Theresa May is expected to travel to Brussels today to break deadlock for Brexit negotiations. The pair has formed a...

FxWirePro: US Dollar index Short term outlook

Dec 06, 2017 09:25 am UTC| Technicals

Major resistance 93.36-93.65 (100- day MA and 55- day EMA). DXY has formed a bottom at 92.50 and showing a minor recovery from that level. The index jumped till 93.51 and is consolidating between 93.49 and 93.04 for...

FxWirePro: Copper consolidates previous session's steep plunge, concerns about Chinese demand weigh

Dec 06, 2017 09:08 am UTC| Technicals

Copper plunges on concerns about the strength of Chinese demand, breaks below 100-DMA at 3.024. Prices slumped over 5%, the worst drop in a single session since July 2015. Data released last week showed...

FxWirePro: DAX Daily Outlook

Dec 06, 2017 07:54 am UTC| Technicals

Major support 12800 DAX is consolidating in narrow range between 13212 and 12811 for the past 11 trading session. The index hits fresh 2-1/2 years high at 13534 at Nov 7th 2017 and declining from that level. It is...

FxWirePro: USD/CNY remains well supported below 6.62 mark, good to sell on rallies

Dec 06, 2017 07:37 am UTC| Technicals

USD/CNY is currently trading around 6.6135 marks. It made intraday high at 6.6194 and low at 6.6119 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.6210 mark. A sustained...

FxWirePro: GBP/JPY pops up hanging man at 38.2% Fibos in consolidation phase, bearish SMA crossover signals more dips – Buzzing yields in one touch binary

Dec 06, 2017 07:11 am UTC| Technicals

GBPJPY shooting star has been popping up quite often at the peaks of rallies (at 151.094, 149.059 and 150.663 levels on weekly plotting). The stiff resistance is observed at 152.935 levels. These bearish patterns...

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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

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...