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FxWirePro: NZD/JPY breaks below 50-DMA, good to go short on rallies

Feb 20, 2017 06:16 am UTC| Technicals

NZD/JPY weekly charts show weakness for the pair upto weekly 20-SMA at 79.66. Weekly 5-DMA at 81.91 is major resistance, break above invalidates bearish bias. On the daily charts, the pair is trading a narrow range...

FxWirePro: Gold faces strong resistance at 200 W MA, good to sell on rallies

Feb 20, 2017 06:10 am UTC| Technicals

Major support - $1216 (21- day EMA) Major resistance - $1245 (200- W MA) Pattern formed - Bearish divergence The yellow metal declined once again after raising till $1243.85 on Friday as the U.S dollar...

FxWirePro: USD/CNY remains well supported below 6.87 mark, sustained close above targets 6.8916

Feb 20, 2017 05:49 am UTC| Technicals

USD/CNY is currently trading around 6.8666 marks. It made intraday high at 6.87 and low at 6.8639 levels. Intraday bias remains neutral till the time pair holds key resistance at 6.8709 mark. A sustained...

FxWirePro: USD/JPY rangebound below 20-DMA at 113.27, intraday bias neutral

Feb 20, 2017 05:29 am UTC| Technicals

USD/JPY catches fresh bids after bearish gap down open after better-than-expected Japan trade data. The data released today showed a rise in the Japanese trade deficit to JPY 1,086.9 billion in January. However,...

FxWirePro: USD/INR rejects key resistance at 67.18 mark, good to sell on rallies

Feb 20, 2017 05:18 am UTC| Technicals

USD/INR is currently trading around 67.06 marks. It made intraday high at 67.13 and low at 67.04 marks. Intraday bias remains bearish till the time pair holds key resistance at 67.18 marks. Key resistances...

FxWirePro: GBP/JPY interim bulls struggle for momentum, shooting star in major trend resumes bearish streaks below 7-EMA – Speculate rallies, hedge slumps

Feb 20, 2017 05:15 am UTC| Technicals

History repeats in GBPJPY at theresistance of 145.546 levels with shooting star formation, ever since then the pair has been consistently dipping that has now gone below 7EMA, resuming major downtrend back again. While...

FxWirePro: AUD/JPY holds 20-DMA support, weakness only on break below

Feb 20, 2017 04:54 am UTC| Technicals

AUD/JPY halts 2-day losing streak, edges higher after holding major support by 20-DMA. The Japanese yen hit by somewhat bigger-than-expected Japanese trade deficit figures. The data released today showed a rise in the...

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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...