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Wed, May 08, 2024 02:17 AM All times are UTC

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FxWirePro: USD/ZAR rejects key resistance at 13.58 mark, intraday bias remains bearish

May 19, 2017 06:39 am UTC| Technicals

USD/ZAR is currently trading around 13.32 levels. It made intraday high at 13.42 and low at 13.31 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.58 marks. A daily...

FxWirePro: NZD/JPY trades a narrow range, further weakness only on break below 76

May 19, 2017 06:26 am UTC| Technicals

NZD/JPY is trading in a narrow range after Doji formation on Thursday. Technical indicators on daily charts are still heavily bearish, but pair finds strong trendline support at 76 levels. We see any further...

FxWirePro: USD/CNY jumps above 6.89 mark, PBOC sets yuan mid-point at 6.8786

May 19, 2017 06:11 am UTC| Technicals

USD/CNY is currently trading around 6.8917 marks. It made intraday high at 6.8953 and low at 6.8879 levels. Intraday bias remains bullish till the time pair holds key support at 6.8701 marks. A sustained...

FxWirePro: NZD/USD fails at major trendline resistance at 0.6940, falls below 5-DMA

May 19, 2017 05:49 am UTC| Technicals

NZD/USD failed to hold above 20-DMA on Thursdays trade, falls below 5-DMA. Upside was rejected at major trendline resistance at 0.6940 on Thursdays trade. 20-DMA at 0.69 caps upside on the day, we see further...

FxWirePro: Nikkei225 recovers as political uncertainty eases, good to sell on rallies

May 19, 2017 05:41 am UTC| Technicals

Nikkei index shown a massive sell of yesterday on account of combination of weak U.S dollar, U.S equity markets and retreat in oil prices. U.S dollar index broken major support of 98 level and declined till 97.33...

FxWirePro: EUR/JPY pops up with resembling engulfing candle to signify major trend’s exhausted consolidation phase at 38.2% Fibos

May 19, 2017 05:18 am UTC| Technicals

The major trend has bearish, while consolidation phase has been observed from last one year or so. But in the recent past bull swings in consolidation phase seem to be exhausted at the stiff resistance of...

FxWirePro: USD/INR hits fresh 6-week high at 65.18 mark, sustained close above targets 65.80 mark

May 19, 2017 05:17 am UTC| Technicals

USD/INR is currently trading around 64.80 marks. It made intraday high at 64.94 and low at 64.72 marks. Intraday bias remains bearish till the time pair holds key resistance at 64.94 marks. Key resistances...

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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

Binance CEO Discloses $150 Million Bribe Amidst Tensions with Nigerian Government

Binance, the renowned cryptocurrency exchange, disclosed that Nigerian government authorities demanded a staggering $150 million in bribes to quell legal actions against its executives, igniting a fierce dispute between...

Hong Kong Central Bank Leads Initiative to Explore Asset Tokenization Advancements

The Hong Kong Monetary Authority (HKMA) has spearheaded the formation of a specialized community to explore asset tokenization. Partnering with various industry players and regulators, this initiative seeks to drive...

Shiba Inu Lead Shytoshi Kusama Unveils Mysterious 'Evita' Teaser, Sparking Frenzy

Shytoshi Kusama, the elusive figure at the helm of the renowned cryptocurrency Shiba Inu (SHIB), has set tongues wagging with a cryptic teaser shared across social media platforms. The enigmatic message features the word...

Amazon Opens Online Shopping for South African Customers

Amazon has finally arrived in South Africa. With its launch in the region, Jeff Bezos e-commerce platform is expected to compete with the leading local online shopping player, Takealot.com. The American e-commerce giant...

Apple Embarks on AI Chip Development for Data Center Capabilities

Apple Inc. is set to transform the tech landscape with its newly developed AI chip, tailored specifically for data center operations. Dubbed Project ACDC, this initiative marks a significant leap in server technology,...