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FxWirePro: USD/SGD hits fresh 4-week low at 1.4241, faces strong support at 1.4202

Jan 12, 2017 02:25 am UTC| Technicals

USD/SGD is currently trading around 1.4274 marks. It made intraday high at 1.4291 and low at 1.4252 levels. Intraday bias remains neutral for the moment. A daily close above 1.4269 will test key resistances...

FxWirePro: AUD/USD spikes past 50-DMA, momentum bullish, stay long

Jan 12, 2017 02:17 am UTC| Technicals

Technical Analysis: AUD/USD has broken above 50-DMA at 0.7402 and intraday bias higher. Long-USD positions to be pared after Trumps disappointing press conference. The pair has broken major channel top resistance...

FxWirePro: NZD/USD capped below 200-DMA, further upside only on break above

Jan 12, 2017 01:45 am UTC| Technicals

Technical Analysis: NZD/USD capped below 200-DMA at 0.7082. Intraday bias is neutral. Break above 200-DMA could see further upside. On the flip side break below 20-DMA could see drag till...

FxWirePro: EUR/KRW hovers around key support at 1,250 mark, sustained close below targets 1,232

Jan 12, 2017 01:40 am UTC| Technicals

EUR/KRW is currently trading around 1,251 mark. Pair made intraday high at 1,256 and low at 1,249 levels. Intraday bias remains neutral till the time pair holds key support at 1,250 mark. A consistent close...

FxWirePro: Japanese yen gains in early hours of Asia on robust bank lending, current account data

Jan 12, 2017 01:04 am UTC| Technicals

USD/JPY is currently trading around 115.16 marks. It made intraday high at 115.50 and low at 114.87 levels. Intraday bias remains bearish till the time pair holds key resistance at 117.21 levels. A daily...

FxWirePro: EUR/USD dips below lower range, bearish bias increases

Jan 11, 2017 15:55 pm UTC| Technicals

The EUR /USD pair declined on Wednesday as greenback strengthened after investor awaited details of possible economic policies from President-elect Donald Trump. Investors will have a close eye on what the new...

FxWirePro: USD/JPY neutral in the near-term, scope for upward resumption

Jan 11, 2017 14:34 pm UTC| Technicals

USD/JPY rose on Wednesday as dollar gained as expectations of a pro-growth message from U.S. President-elect Donald Trumps first news conference prevailed over worries about what he will say on trade and...

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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...

Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks

The financial crisis of 2008 showed just how much the world depends on banks being well run. Since then, regulators have been given new powers to keep some of the biggest institutions on a much shorter leash to stamp out...

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

Anthropic Launches Claude AI App on iPhone to Rival OpenAI’s ChatGPT

Anthropic PBC, an artificial intelligence startup established in 2021, announced on Wednesday, May 1, that it launched an iOS app for its Claude 3 AI chatbot or language models. The company also unveiled a new subscription...

Shiba Inu Whale Moves 100 Billion SHIB Before FOMC, Signals Market Stir

In a surprising move, a mysterious Shiba Inu whale deposited 100 billion SHIB tokens into Coinbase, coinciding with a significant price drop just before the Federal Reserves crucial rate decision. This action has stirred...

Dongfeng Unveils High-Power Tesla Cybertruck Rival, Eyes Production in Italy

At the Beijing Auto Show, Dongfeng Motor Group showcased a Cybertruck-inspired electric vehicle boasting an impressive 1,305 horsepower, signaling its ambitions to produce over 100,000 electrified cars annually in Italy....

Biden Administration Set to Finalize Stricter EV Tax Credit Rules

The Biden administration is finalizing new electric vehicle tax credit rules, slashing the list of eligible models to just 13. This update, part of a broader effort to refine economic incentives before the election,...

Zeus Network Set to Launch Solana to Bitcoin Bridge in Q3 2024

Zeus Network has announced the launch of Zeus Program Library (ZPL) by Q3 2024, a pioneering bridge designed to connect and enhance asset transfer between the Solana and Bitcoin ecosystems, offering broad applications in...