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FxWirePro: GBP/USD recovers slightly after better than expected UK industrial production, good to sell on rallies

Aug 10, 2017 08:44 am UTC| Technicals

GBP/USD has once again declined after showing a slight jump above 1.30280. The pair awaits UK manufacturing production data for further movement. UK is busy with lot of economic data to be released today. The major...

FxWirePro: XAG/USD hits fresh 2-month high at $17.05 mark, bias remains bullish

Aug 10, 2017 07:52 am UTC| Technicals

XAG/USD is currently trading around $16.99 marks. It made intraday high at $17.05 and low at $16.84 levels. Intraday bias remains bullish for the moment. A daily close above $16.92 will test key resistances...

FxWirePro: AUD/NZD breaks major resistance at 1.0830, bias higher, stay long

Aug 10, 2017 07:21 am UTC| Technicals

AUD/NZD retraces dip towards 20-DMA and spikes higher as Kiwi slumps on RBNZ jawboning. Looming North Korea risks continue to keep the investors on the edge and denting higher yielding currencies. Aussie remained...

FxWirePro: USD/ZAR hovers around 13.50 mark, good to buy on dips

Aug 10, 2017 07:10 am UTC| Technicals

USD/ZAR is currently trading around 13.47 levels. It made intraday high at 13.47 and low at 13.40 levels. Intraday bias remains bullish till the time pair holds key support at 13.34 mark. A daily close...

FxWirePro: GBP/JPY upside capped by 89- day EMA, good to sell on rallies

Aug 10, 2017 07:08 am UTC| Technicals

Major intraday resistance- 143.55-143.65 (23.6% retracement and 89 EMA). The pair is declining phase and has broken major support of 144 low made on Jul 21st 2017. GBP/JPY declined till 142.27 and it is currently...

FxWirePro: EUR/CAD finds stiff resistance at 1.4975, break above to see further upside

Aug 10, 2017 06:52 am UTC| Technicals

EUR/CAD is trading a symmetric triangle pattern, finds stiff resistance at 1.4975. The pair is trading a narrow range on the day, holds above 5-DMA at 1.4916. Break below 5-DMA would find next major support at...

FxWirePro: Chinese yuan rises gradually against U.S. dollar, PBOC sets yuan mid-point at 6.6770

Aug 10, 2017 06:29 am UTC| Technicals

USD/CNY is currently trading around 6.6680 marks. It made intraday high at 6.6719 and low at 6.6524 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.7055 mark. A sustained...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

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...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

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...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

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...

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...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

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,...

Technology

Samsung's Galaxy S25 Rumored to Boost Longevity with 'Battery AI'

Samsungs upcoming Galaxy S25 Ultra is poised to incorporate Battery AI, an innovative technology promising to improve battery life by up to 10% through smarter energy management. Unlocking the Potential of Battery AI in...

AI Protocol Render (RNDR) Soars 15% As Bitcoin Fights For Balance

As Bitcoin grapples with market volatility, altcoin Render (RNDR) stands out with a remarkable 15% surge, showcasing its resilience amid the crypto markets tumult. This surge comes as Bitcoin struggles to find stability,...

Huawei's Covert US Funding Scheme Raises Eyebrows Amid Export Ban

The revelation of Huaweis discreet sponsorship of U.S. research through a Washington-based foundation has reignited concerns about the efficacy of the export ban. Despite regulatory hurdles, the tech giant managed to fund...

Crypto.com's F1 Sponsorship Expansion Sparks Global Visibility Drive

Crypto.com, one of the top exchanges in the digital currency ecosystem, is set to expand its sporting ad budget. Notably, the trading platform is looking to expand its dominance in its push for global...

Stablecoins Set to Overtake Visa, Ripple CEO Affirms XRP and ETH Not Securities

Stablecoins are poised to challenge Visas dominance in payment volume, marking a significant shift in the crypto landscape. Meanwhile, Ripple CEO Brad Garlinghouse asserts that XRP and Ethereum (ETH) are not securities,...