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FxWirePro: WTI crude chart pack - A bear rally due prior to heading towards $60

Jan 12, 2017 08:47 am UTC| Technicals

Bulls seem to have exhausted at resistance at 54.31 levels, more price dips seems to be on cards as the current prices slid below DMAs, decisive break sustenance below support 51.55 likely to extend price drops. You...

FxWirePro: XAG/USD jumps above $16.90 mark, upside limited

Jan 12, 2017 08:42 am UTC| Technicals

XAG/USD is currently trading around $16.90 marks. It made intraday high at $16.92 and low at $16.67 levels. Intraday bias remains bullish till the time pair holds key support at $16.72 levels. A daily close...

GBP/JPY trades slightly below 140, decline till 138.50 likely

Jan 12, 2017 06:50 am UTC| Technicals

Major resistance 141.50 (200- day MA) Major support -139.54 (89- day EMA) The pair breaks major support 140 and declined till 139.63 at the time of writing. It is currently trading around 139.90. GBP/JPY...

FxWirePro: AUD/JPY holds major trendline support at 85.40, go short on break below

Jan 12, 2017 06:50 am UTC| Technicals

Yen rebounds across the board after upbeat data. Data released earlier on Thursday showed robust bank lending, current account figures in Japan which fuelled further downside in the pair. Japans November current...

FxWirePro: USD/ZAR fails to jump above 14.00 mark, good to sell on rallies

Jan 12, 2017 06:40 am UTC| Technicals

USD/ZAR is currently trading around 13.72 levels. It made intraday high at 13.76and low at 13.69 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.97 marks. A daily close...

FxWirePro: Turkish lira continues to fall against U.S. dollar, hits fresh record low at 3.9416

Jan 12, 2017 06:20 am UTC| Technicals

USD/TRY is currently trading at 3.8905 levels. It made intraday high at 3.8921 and low at 3.8589 levels. Intraday bias remains bullish for the moment. Key resistances are seen at 3.9438, 3.9618, 3.9755 and...

FxWirePro: AUD/CAD capped below 200-DMA, some consolidation likely at current levels

Jan 12, 2017 05:55 am UTC| Technicals

AUD/CAD upside capped shy of 200-DMA at 0.9820. Doji formation seen on daily charts in the Asian session. The pair is holding support by 23.6% Fib at 0.9784. We see some weakness on break below. Test of 20-DMA at...

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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...

The Mattei Plan: why Giorgia Meloni is looking to Africa

Since coming to power, Giorgia Melonis government has been remarkably orthodox in its foreign policy. Unwavering support for Ukraine, loyalty to the Atlantic Alliance and full participation in the European Union - these...

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,...

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...

The 50th anniversary of Portugal’s Carnation Revolution

Across Portugal, a number of photography exhibitions are currently on display that commemorate the ousting of the Estado Novo, the dictatorial, authoritarian and corporatist political regime that had ruled the country...

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

Analyst Sees Shiba Inu Hitting $0.00007 Despite Major Token Dump

A Shiba Inu whale recently dumped massive SHIB tokens on Coinbase, one of the worlds top cryptocurrency exchanges. The enormous volume of SHIB offloaded quickly sparked a gloomy feeling among crypto market aficionados...

Casio Joins NFT Trend with Astar zkEVM, Unveils Anniversary Collection

Casio, one of the worlds leading watch companies, has joined the battle for non-fungible tokens (NFTs) in partnership with Astars zero-knowledge Ethereum Virtual Machine. The Casio watch NFTs will go online on May...

Tron's Justin Sun Boosts Dogecoin, Shiba Inu at Token 2049 Conference

At the Token 2049 conference, Tron founder Justin Sun endorsed popular meme coins like Dogecoin and Shiba Inu, emphasizing their pivotal distinction from traditional finance and celebrating their community-driven...

Bitcoin Dips 11% Post-Halving: Unexpected Decline Shocks Investors

Bitcoins price has unexpectedly fallen by 11% since the halving on April 20, stirring concerns among investors hoping for a post-halving surge. According to CoinGecko, Bitcoin dropped below $57,000 on May...

South Korea Pledges 5-Year Boost in Console Gaming Market Share

With an eye toward reducing dependence on mobile platforms, South Koreas government laid out a five-year plan Wednesday to bolster its console gaming sector, which currently represents a mere 1.5% of the global...