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Thu, May 02, 2024 03:00 PM All times are UTC

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FxWirePro: 'Bearish Bat Pattern' on NZD/JPY raises scope for downside, go short on close below 20-DMA at 82.22

Jul 19, 2017 08:28 am UTC| Technicals

NZD/JPY has taken support at 20-DMA at 82.22 and edged higher to currently trade at 82.54 levels. Moving averages do not show signs of reversal as of now, price action rages between 5 and 20 DMAs. We see a...

FxWirePro: USD/CNY fails to find support below 6.75 mark, PBOC sets yuan mid-point at 6.7451

Jul 19, 2017 07:58 am UTC| Technicals

USD/CNY is currently trading around 6.7547 marks. It made intraday high at 6.7582 and low at 6.7449 levels. Intraday bias remains bullish till the time pair holds key support at 6.7450 mark. A sustained...

FxWirePro: EUR/AUD hovers around 100-DMA at 1.4548, bias lower, stay short

Jul 19, 2017 06:59 am UTC| Technicals

EUR/AUD has broken below daily Ichi cloud, intraday bias lower. The pair finds strong support at 100-DMA at 1.4548, we see scope for test of 200-DMA at 1.4387 on break below. Technical indicators are heavily...

FxWirePro: South African rand trades marginally lower ahead of CPI, core CPI data

Jul 19, 2017 06:50 am UTC| Technicals

USD/ZAR is currently trading around 12.93 levels. It made intraday high at 12.94 and low at 12.88 levels. Intraday bias remains neutral till the time pair holds key support at 12.88 mark. A daily close...

FxWirePro: Gold trades well above 200 –day MA, jump till $1258 likely

Jul 19, 2017 06:37 am UTC| Technicals

Gold jumped till $1244 on account of weak U.S dollar and falling U.S bond yields. The yellow metal formed a minor bottom around $1204 and any minor weakness can be seen only below that level. It is currently trading around...

FxWirePro: Nikkei Daily Outlook

Jul 19, 2017 06:35 am UTC| Technicals

Nikkei declined slightly below trend line support at 19936 and shown a minor recovery from that level. Nikkei is trading slightly weak on account of stronger yen. It is currently trading around 19983 0.02%...

FxWirePro: USD/JPY back in sloping channel after rejection at stiff resistance, major trend goes in sideways with shooting star formations

Jul 19, 2017 06:30 am UTC| Technicals

Ever since the rejection of stiff resistance of 114.454 levels, the price behavior again goes in sloping channel, the price dips have again gone below 21DMA, for now, one can expect more dips upon bearish DMA crossover...

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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

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...

Massive Shiba Inu Transfer: 1.75 Trillion SHIB Moves, Sparks Market Excitement

On May 2, Whale Alert tracked two enormous transfers totaling 1.75 trillion Shiba Inu (SHIB) tokens from Robinhood, driving a more than 6% increase in SHIBs price and igniting bullish sentiment among...

Anthropic Launches Claude AI App on iPhone to Rival OpenAI’s ChatGPT

Anthropic PBC, an artificial intelligence startup established in 2021, announced on Wednesday, May 1, that it launched an iOS app for its Claude 3 AI chatbot or language models. The company also unveiled a new subscription...

Shiba Inu Whale Moves 100 Billion SHIB Before FOMC, Signals Market Stir

In a surprising move, a mysterious Shiba Inu whale deposited 100 billion SHIB tokens into Coinbase, coinciding with a significant price drop just before the Federal Reserves crucial rate decision. This action has stirred...