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FxWirePro: USD/INR fails to fall below 64.75 mark, bias turns bullish again

Oct 17, 2017 06:10 am UTC| Technicals

USD/INR is currently trading around 64.98 marks. It made intraday high at 64.99 and low at 64.80 marks. Intraday bias remains bullish till the time pair holds key support at 64.75 marks. Key resistances are...

FxWirePro: NZD/USD fails to hold above 20-DMA, retrace below 200-DMA at 0.7161 to see further weakness

Oct 17, 2017 05:59 am UTC| Technicals

NZD/USD retraces CPI led knee-jerk spike, slips below 20-lower after hitting session highs at 0.7206. New Zealand CPI data was for Q3 and arrived at 0.5% q/q vs expected 0.4%, substantially higher than the RBNZ...

FxWirePro: Gold trades lower on strong US bond yields, good to buy on dips

Oct 17, 2017 05:26 am UTC| Technicals

Gold declined sharply yesterday from the high of $1305.89 on account of slight strength in US dollar and stable US bond yields. The yellow metal prices are supported at lower level due to geo political tensions in North...

FxWirePro: AUD/NZD shooting star encourage bears in short-term trend, but major trend still consolidation phase – Tunnel spreads for trading and short hedge

Oct 17, 2017 05:09 am UTC| Technicals

After streaks of downswings in AUDNZD from last four consecutive days, we see a slight bounce today. While the major trend hovers at sloping channel resistance, minor trend slides below DMAs but tests strong support...

FxWirePro: Taiwanese dollar marginally lower against U.S. dollar, stay bullish only above 30.22 mark

Oct 17, 2017 04:06 am UTC| Technicals

USD/TWD is currently trading around 30.16 marks. It made intraday high at 30.20 and low at 30.09 marks. Intraday bias remains slightly bullish till the time pair holds key support at 30.07 mark. A daily...

FxWirePro: NZD/CHF struggles at 200-DMA, break above to test 'Triangle top' at 0.7070

Oct 17, 2017 03:58 am UTC| Technicals

Kiwi pares gains post CPI knee-jerk spike. NZD/CHF has settled back below the 0.70 handle after the initial CPI spike. New Zealand CPI data was for Q3 and arrived at 0.5% q/q vs the expected 0.4%. This came in...

FxWirePro:Nikkei trades higher on strong global cues, good to buy on dips

Oct 17, 2017 03:43 am UTC| Technicals

Nikkei trading extremely bullish and hits 21- year high of 21391 at the time of writing on strong global economy and positive earnings by retailers. The index has broken the high of 21351 made yesterday and jumped till...

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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

Huawei Prepares to Unveil Kirin PC Chip Alongside New Qingyun Notebooks

Huawei is on the brink of a groundbreaking launch, with leaked information hinting at the imminent debut of the highly anticipated Kirin PC chip alongside the release of new Qingyun notebooks. The introduction of this...

Tesla Enhances Model Y Lineup with Longer-Range Variant, Price Adjustment

Tesla has revamped its Model Y offerings, bidding farewell to the standard range rear-wheel-drive (RWD) model while introducing a longer-range variant for an additional $2,000. This strategic maneuver aligns with Teslas...

Shiba Inu Coin Rockets as Burn Rate Skyrockets 1000% Amidst Market Rally

Shiba Inu Coin (SHIB) ignites the crypto market with a phenomenal rally, propelled by a staggering 1000% surge in burn rates. As 29.11 million SHIB tokens are destroyed, market confidence soars, pushing SHIB past crucial...

Dogecoin Surges 13% as Network Activity Soars, Hits 28,000 New Addresses

Dogecoin experiences a remarkable surge, with its price skyrocketing by 13% in response to an unprecedented rise in network activity. On-chain analytics reveal a staggering influx of 28,000 new addresses, signaling renewed...

Bitcoin Surges Over $63K Amid Revitalized ETF Interest

In a whirlwind of crypto markets, Bitcoin stormed past the $63,000 mark, fueled by renewed ETF activity. Ethereum mirrored the bullish sentiment, holding steady above $3,100. Solana, XRP, and Cardano followed suit, marking...