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Sat, May 04, 2024 07:33 AM All times are UTC

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FxWirePro: AUD/USD eyes 20-DMA at 0.7864, bias higher, stay long

Oct 13, 2017 05:47 am UTC| Technicals

AUD/USD extends gains above 5-DMA, hits fresh weekly highs at 0.7842, bias higher. Aussie extends gains despite weak China trade data, big beat on imports figures supports. Chinas trade balance for Sept, in Yuan...

FxWirePro: Nikkei hits 21- year high on strong global equities , good to buy on dips

Oct 13, 2017 05:21 am UTC| Technicals

Nikkei trading extremely bullish and has closed at 21- year high on strong global equities and on positive snap election poll result. Japan PM Abe may keep two -third majority in Japan election according to polls survey....

FxWirePro: USD/JPY pivotal around 200-DMA at 111.80, break below to see further downside

Oct 13, 2017 04:14 am UTC| Technicals

Persistent USD selling supported by sharp slide in UST yields, led by Wednesdays dovish FOMC meeting minutes, weigh on USD/JPY. The pair has slipped below 20-DMA at 112.35, bears struggling to extend break below 112...

FxWirePro: USD/TWD hits fresh 2-week low at 30.14 mark, good to sell on rallies

Oct 13, 2017 03:38 am UTC| Technicals

USD/TWD is currently trading around 30.14 marks. It made intraday high at 30.22 and low at 30.14 marks. Intraday bias remains bearish till the time pair holds key resistance at 30.30 mark. A daily close...

FxWirePro: NZD/USD on track to test 200-DMA at 0.7159, further gains only on break above

Oct 13, 2017 03:35 am UTC| Technicals

The greenback was dumped across the board on Thursday after the FOMC minutes. Kiwi remained resilient amid a lack of clarity around the NZ political environment. NZD/USD holds gains early in the Asian session,...

FxWirePro: USD/THB hits fresh 2-week low at 33.08 mark, stay bearish

Oct 13, 2017 02:53 am UTC| Technicals

USD/THB is currently trading around 33.08 marks. It made intraday high at 33.11 and low at 33.08 marks. Intraday bias remains bearish till the time pair holds key resistance at 33.18 mark. A daily close...

FxWirePro: EUR/KRW exhibits range bound movement, sustained close above 1,341 requires for upside rally

Oct 13, 2017 01:51 am UTC| Technicals

EUR/KRW is currently trading around 1,339 mark. Pair made intraday high at 1,340 and low at 1,337 levels. Intraday bias remains neutral till the time pair holds key resistance at 1,347 mark. A sustained...

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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

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...

Tesla's Supercharger Shake-up Sparks Chaos: Suppliers in Limbo Over Email Directive

A turbulent email to suppliers reveals internal discord in the wake of Teslas sweeping Supercharger team termination. The abrupt restructuring has left projects in limbo, signaling potential operational turmoil within the...

US Loosens EV Battery Rules, Expands Tax Credit Eligibility Amid Controversy

Amidst escalating tensions over electric vehicle (E.V.) tax credits, the U.S. government has relaxed stringent regulations, potentially widening eligibility for tax credits up to $7,500. This move, aimed at accelerating...

SHIB, BONK, WIF's Sudden Price Jumps; What's Behind Them?

Recent surges in the cryptocurrency market have caught the attention of traders, particularly with tokens like Shiba Inu (SHIB), Bonk (BONK), and Dogwifhat (WIF) experiencing notable price hikes. Analysts attribute this...

Snowden Issues Final Bitcoin Warning, Takes Aim at Elon Musk and Puppy-Killing Politician

Edward Snowden, the famed whistleblower and advocate for privacy, sent shockwaves across social media platforms with his latest flurry of posts. Targeting Bitcoin developers, tech mogul Elon Musk, and South Dakota Governor...