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Fri, Apr 26, 2024 10:47 AM All times are UTC

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FxWirePro: Kiwi falls against major peers as New Zealand’s retail sales, core retail sales data fail to meet expectations

Feb 17, 2017 01:07 am UTC| Technicals

AUD/NZD is currently trading around 1.0670 marks. Pair made intraday high at 1.0675 and low at 1.0655 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0634 marks. A daily...

FxWirePro: GBP/USD reverses recent rally, bias back to downside

Feb 16, 2017 17:55 pm UTC| Technicals

The GBP/USD pair initially inched higher at the beginning of the US session but soon resumed its downside as nerves around Brexit and the strength of the UK economy weighed on British pound. There have been negative...

FxWirePro: USD/JPY loses momentum but outlook is bullish

Feb 16, 2017 15:50 pm UTC| Technicals

USD/JPY declined sharply on Thursday as uncertainty steaming from political uncertainty in the United States and Europe prompted investors to seek safe-haven assets such as Japanese yen. Concern over U.S. President...

FxWirePro: EUR/USD Trade idea

Feb 16, 2017 12:52 pm UTC| Technicals

Major resistance- 1.06800 (55- day EMA) Major support 1.05200 EUR/USD recovers sharply after making a low of 1.05214 yesterday. It is currently trading around 1.06445. On the higher side 1.0659 -1.06710...

EURUSD faces strong resistance at 7- day EMA,break above confirms further bullishness

Feb 16, 2017 12:40 pm UTC| Technicals

Major resistance- 1.06800 (55- day EMA) Major support 1.05200 EUR/USD recovers sharply after making a low of 1.05214 yesterday. It is currently trading around 1.06446. On the higher side 1.0659 -1.06710...

FxWirePro: USD/CAD bears break below neckline after rejection at falling wedge resistance, back-to-back bearish formations to drag slumps

Feb 16, 2017 11:53 am UTC| Technicals

The prices have been consistently rejecting below falling wedge resistance from thelast couple of days. Amid this price behavior, shooting star has occurred at 1.3078 levels. The bearish rout has gone below strong...

FxWirePro: Trade the Gold /Silver ratio:

Feb 16, 2017 10:32 am UTC| Technicals

Major support 68.85 (trend line joining 64.28 and 66.99) Gold/silver ratio broken the major support of 68.85 and is trading slightly below that level. The break below trend line support confirms further decline in...

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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...

What if the Reserve Bank itself has been feeding inflation? An economist explains

Heres something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May...

China’s new world order: looking for clues from Xi’s recent meetings with foreign leaders

There is broad consensus that Chinese foreign policy has become more assertive and more centralised in the decade since Xi Jinping has ascended to the top of Chinas leadership. This has also meant that Chinese foreign...

How India’s economy has fared under ten years of Narendra Modi

More than 960 million Indians will head to the polls in the worlds biggest election between April 19 and early June. The ruling Bharatiya Janata Party (BJP), which is led by Prime Minister Narendra Modi, is seeking a third...

Politics

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,...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

Georgia is sliding towards autocracy after government moves to force through bill on ‘foreign agents’

Georgias ruling party attempted to pass a controversial bill on foreign agents in March 2023. The law would have required civil society groups and the media to register as being under foreign influence if they receive...

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

DeepL Unleashes AI-Powered Tool for Business Writing

DeepL is a translation service from Germany, and it announced on Friday, April 26, that it would launch a new tool called DeepL Write Pro. It is an AI-based writing assistant created to help businesses with their writing...

Arthur Hayes Predicts Major Bullish Crypto Market Recovery Signal From US Treasury Department

Arthur Hayes, co-founder of BitMEX, has identified a potential boost for the cryptocurrency and stock markets based on recent U.S. Treasury actions. These actions could inject substantial liquidity, fueling a bullish...

Tesla Cybertruck Spotted in Sydney Sparks Debate: Potential Australian Release?

As the Tesla Cybertruck makes unexpected appearances on the streets of Sydney, speculation swirls about its potential availability in Australia, despite previous doubts regarding its local launch. Tesla Cybertruck...

Hertz to Offload 30K EVs This Year, Deepens Cuts Amid Mounting Fleet Losses

In a recent financial revelation, Hertz disclosed continued losses from its electric vehicle (EV) investments, announcing plans to sell 30,000 EVs this year amid depreciating values and escalating maintenance...

Toyota Motor Launches Trial for EV Pickups in Thailand

Toyota Motor Corporation launched the trial for its electric pickup trucks in Thailand. The Japanese automaker said its pilot project brought nine fully electric Hilux Revo pickups to key Thai market. According to...