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FxWirePro: Taiwanese dollar hits highest level since June 2015, stay bearish

Feb 22, 2017 04:25 am UTC| Technicals

USD/TWD is currently trading around 30.78 marks. It made intraday high at 30.81 and low at 30.63 marks. Intraday bias remains bearish till the time pair holds key resistance at 31.00 marks. A daily close...

FxWirePro: USD/SGD rejects key resistance at 1.4232, intraday bias remains bearish

Feb 22, 2017 03:29 am UTC| Technicals

USD/SGD is currently trading around 1.4185 marks. It made intraday high at 1.4208 and low at 1.4179 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.4232 marks. A daily...

FxWirePro:Nikkei faces strong resistance at 19566, good to sell on rallies

Feb 22, 2017 02:56 am UTC| Technicals

Major resistance - 19500 ( trend line joining 19698 and 19535) Nikkei has lost its continued winning streak after jumping till 19478 yesterday. The index is facing strong resistance at 19566 and any further bullishness...

FxWirePro: Prefer to go long on XAG/USD around $17.98, stop loss at $17.81 and target of $18.11

Feb 22, 2017 02:25 am UTC| Technicals

XAG/USD is currently trading around $18.00 marks. It made intraday high at $18.01 and low at $17.92 levels. Intraday bias remains bullish till the time pair holds key support at $17.81 mark. A daily close...

FxWirePro: EUR/KRW hovers around key support at 1,200 mark, sustained close below targets 1,184

Feb 22, 2017 01:49 am UTC| Technicals

EUR/KRW is currently trading around 1,201 mark. Pair made intraday high at 1,202 and low at 1,199 levels. Intraday bias remains neutral till the time pair holds key support at 1,200 mark. A daily close below...

FxWirePro: Aussie marginally higher against major peers after Australia’s wage price index data

Feb 22, 2017 01:19 am UTC| Technicals

AUD/NZD is currently trading around 1.0720 marks. Pair made intraday high at 1.0724 and low at 1.0709 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0679 marks. A daily...

FxWirePro: USD/JPY loses momentum but outlook is bullish

Feb 21, 2017 18:21 pm UTC| Technicals

USD/JPY dipped slightly in the US session on Tuesday as investors took profits after dollar rose on the view that Federal Reserve might raise interest rates in March. Investors were looking ahead to Wednesdays release...

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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

Huawei's Mate 70 Series to Run on Kirin 9100 Chip: AnTuTu Scores Equal Snapdragon 8 Gen 1

Rumors swirl around Huaweis upcoming Mate 70 flagship series, hinting at a groundbreaking inclusion: the Kirin 9100 chipset. Initial performance figures suggest the chip matches Qualcomms Snapdragon 8 Gen 1, setting the...

Kraken's Bold Move: Expanding into Germany with DLT Finance Partnership

Cryptocurrency giant Kraken makes waves with its strategic decision to launch operations in Germany, a pivotal move in its broader European expansion plan. Teaming up with DLT Finance, a regulated financial institution,...

Macron's France Targets Fourfold Increase in EV Sales by 2027; Welcomes BYD Factory Plans

France has announced plans to quadruple EV sales by 2027. The agreement, enhancing Frances position against global competitors, aligns with a state visit from China, spotlighting potential collaborations with major...

Shiba Inu Insider Urges Focus on SHIB and BTC Amid Market Rally

In a recent wake-up call, Lucie of the Shiba Inu team urged the cryptocurrency community to closely monitor Shiba Inu (SHIB) and Bitcoin (BTC) as both tokens exhibit strong price recoveries. This comes amid growing...

Is China Opening Doors to Bitcoin ETFs? Investor's Comment Sparks Debate

Following the recent launch of Bitcoin ETFs in Hong Kong, speculation is mounting over potential access for mainland Chinese investors. Richard Byworth, a prominent Bitcoin investor, suggested that these ETFs could soon be...