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FxWirePro: USD/THB trades in narrow range, bias remains neutral

Aug 03, 2017 03:46 am UTC| Technicals

USD/THB is currently trading around 33.28 marks. It made intraday high at 33.31 and low at 33.24 marks. Intraday bias remains neutral till the time pair holds key support at 33.23 mark. On the top side, key...

FxWirePro: Nikkei Daily Outlook

Aug 03, 2017 03:02 am UTC| Technicals

Nikkei is trading in narrow range between 20319 and 19836 for the past 45 days. The index is expected to trade weak on account of strong yen. The index has formed a temporary top around 20319 on Jun 20th 2017 and any...

FxWirePro: USD/SGD remains well supported above 1.36 mark, faces strong resistance at 1.3642 mark

Aug 03, 2017 02:57 am UTC| Technicals

USD/SGD is currently trading around 1.3608 marks. It made intraday high at 1.3618 and low at 1.3583 levels. Intraday bias remains bullish till the time pair holds key support at 1.3570 mark. A daily close...

FxWirePro: NZD/USD hits 2-week lows, finds strong support at 20-DMA (0.7388), weakness to extend on break below

Aug 03, 2017 02:16 am UTC| Technicals

NZD/USD extends decline for 3rd consecutive day, falls 0.36% on the day. The pair hit 2-week lows of 0.7394 before paring some losses to currently trade around 0.74 levels. Downbeat NZ jobs data which suggested...

FxWirePro: Aussie trades marginally lower as trade balance data misses expectations

Aug 03, 2017 01:54 am UTC| Technicals

AUD/NZD is currently trading around 1.0709 marks. Pair made intraday high at 1.0746 and low at 1.0708 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0754 marks. A...

FxWirePro: South Korean won falls gradually against euro, stay bullish

Aug 03, 2017 01:16 am UTC| Technicals

EUR/KRW is currently trading around 1,333 mark. Pair made intraday high at 1,334 and low at 1,328 levels. Intraday bias remains bullish till the time pair holds key support at 1,321 mark. A sustained close...

FxWirePro: USD/JPY changes short term trend from neutral to bearish

Aug 02, 2017 17:40 pm UTC| Technicals

USD/JPY dipped on Wednesday as the U.S. dollar came under selling pressure after data showed fewer new jobs than forecast were created in the United States in July, bolstering expectations that the Federal Reserve will be...

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Economy

Will government investment make green hydrogen a reality in Australia?

In the budget last week, the government was keen to talk about its efforts to turn Australia into a renewable superpower under the umbrella of the Future Made in Australia policies. Future Made is a framework that sets...

Small businesses can help South Africa fight unemployment if they get proper support – study

South Africa has an alarming unemployment rate of approximately 32.1%. Solutions have been elusive. The unemployment rate has been consistently high for decades. Our research has revolved around entrepreneurship. We...

Australia is set to ban live sheep exports. What will this mean for the industry?

This month the federal government announced a plan to ban live sheep exports, set to come into effect from May 1 2028. The announcement coincided with the release of a highly anticipated report by an independent panel...

Latest inflation figures are good news

The U.S. economy is slowing, but not crashing. In the dismal science, this is what counts as good news. Thats the message I took away from the latest inflation data, released May 15, 2024, which showed U.S. consumer...

The budget is full of good news, but good news isn’t the same as good management

This years budget has something for everyone, with very little in the way of cuts and no new taxes. Its a classic good news pre-election budget. Whether it is too good to be true hinges on whether this budget...

Politics

Why the US government is intervening in the live music business and could break up Live Nation Entertainment – a music industry scholar explains

The U.S. Justice Department, along with 29 states and the District of Columbia, have filed an antitrust lawsuit against Live Nation Entertainment, the parent company of Ticketmaster. The lawsuit alleges that Live Nation...

6 ways to foster political discourse on college campuses

With deep divisions on college campuses most recently over the conflict in the Gaza Strip and Israel many observers fear that universities are not places where students can discuss divisive issues with people who...

How Iran selects its supreme leader

The sudden death of President Ebrahim Raisi is unlikely to drastically alter Irans foreign and domestic policies, but it has left a power vacuum. As stipulated by the constitution, Raisi was replaced by his first vice...

Why the upcoming South African election a massive milestone for the ruling ANC

South Africans governing party, the African National Congress (ANC), is in trouble. After 30 years in charge, it is scrambling for support ahead of the upcoming national elections. The ANC has run the country since the...

How Modi is using TV, film and social media to sway voters in India’s election

As the worlds largest electorate goes to the polls in India, political parties are seeking to sway voters through popular culture, like film. Although cinema has long reflected and influenced the countrys political and...

Science

Ancient DNA from an extinct native duck reveals how far birds flew to make New Zealand home

Ask a bird lover if they have heard of the extinct giant moa or its ancient predator, Haasts eagle, and the answer will likely be yes. The same cant be said of New Zealands extinct, but equally unique, mergansers a group...

Black holes are mysterious, yet also deceptively simple − a new space mission may help physicists answer hairy questions about these astronomical objects

Physicists consider black holes one of the most mysterious objects that exist. Ironically, theyre also considered one of the simplest. For years, physicists like me have been looking to prove that black holes are more...

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

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...

Technology

Hyundai IONIQ 5 Leads US Production with $7,500 Tax Credit; Chevy Offers No Payments on Equinox, Blazer EVs

Chevy offers no payments on Equinox and Blazer EVs for 120 days, but heres the deal. Meanwhile, Hyundai IONIQ 5 to lead US production at the new EV plant with a $7,500 tax credit in sight. Chevrolet Launches Equinox and...

Ripple CEO Predicts Unavoidable Launch of XRP ETF at Consensus 2024

At Consensus 2024, Ripple CEO Brad Garlinghouse declared that XRP ETFs are inevitable, anticipating the cryptocurrency markets growth to $5 trillion, fueled by recent spot Bitcoin and Ether ETF approvals. Garlinghouse...

US President Joe Biden Vetoes SAB 121 Repeal, Sparks Crypto Industry Backlash

President Joe Biden vetoed the repeal of SECs SAB 121, prioritizing investor and consumer welfare, sparking significant controversy in the cryptocurrency industry. Bidens Veto on SECs Crypto Accounting Bulletin Faces...

Oklahoma Senate Approves Tax Breaks for Bitcoin and Crypto Mining Operations

The Oklahoma Senate has passed House Bill 1600, which provides tax exemptions for Bitcoin and cryptocurrency mining. The bill aims to bolster the states blockchain industry and economy. Oklahoma Senate Approves House...

Kia EV9 American Production Starts in Georgia, Qualifying for Federal Tax Credit Up to $7,500

Although the three-row Kia EV9 has been a huge success up to this point, it does have one significant drawback: because it is manufactured in Korea, it is not eligible for a tax credit of up to $7,500 unless it is obtained...