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CHF/JPY trades well below major support, decline till 110 likely

Jan 16, 2017 08:58 am UTC| Technicals

Major Support 113.35 Major resistance 115.50 CHF/JPY breaks major support at 113.35 and declined till 112.56. It is currently trading around 112.68. Any violation below 113.35 will drag the pair down till...

CAD/JPY breaks trend line support at 86.85, declined till 85.95/84 likely

Jan 16, 2017 07:00 am UTC| Technicals

Major support - 86.83 (trend line joining 84.57 and 85.96). Major resistance 87.65 (200- H MA). The pair has broken major trend line support at 86.83 and declined till 86.56. It is currently trading around...

FxWirePro: Daily Shooting star on GBP/JPY evidences slumps below DMAs and strong support, major trend to resume on monthly shooting star occurrence

Jan 16, 2017 06:41 am UTC| Technicals

The shooting star that was traced at peaks of 146.707 levels evidences price drops to slide below DMAs and have broken supports of 138.921 and 137.246 levels on southwards. The rallies in the recent past, have also been...

FxWirePro: Gold downside capped by 7- day MA, good to buy on dips

Jan 16, 2017 06:29 am UTC| Technicals

Major resistance - $1207 (Jan 12th high). Major support - $1189 (trend line joining $1146 and $1177). The yellow metal recovered sharply after declining till $1187.Gold has once broken psychological resistance at...

Nikkei225 trades weak on stronger yen, good to sell on rallies

Jan 16, 2017 04:12 am UTC| Technicals

Nikkei225 declined sharply after showing a slight jump till 19378.The index fall was mainly due to strength in Yen. It is currently trading around 19083 1.1% lower. USD/JPY has once again breaks 115 and is trading...

FxWirePro: EUR/KRW rejects key support at 1,242 mark, faces strong resistance at 1,256

Jan 16, 2017 02:43 am UTC| Technicals

EUR/KRW is currently trading around 1,251 mark. Pair made intraday high at 1,253 and low at 1,243 levels. Intraday bias remains bullish till the time pair holds immediate support at 1,245 mark. A consistent...

FxWirePro: USD/JPY trades in narrow range after Japan’s core machinery orders, PPI data

Jan 16, 2017 01:29 am UTC| Technicals

USD/JPY is currently trading around 114.33 marks. It made intraday high at 114.45 and low at 114.09 levels. Intraday bias remains neutral till the time pair holds key support at 114.00 levels. A daily close...

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Economy

Will government investment make green hydrogen a reality in Australia?

In the budget last week, the government was keen to talk about its efforts to turn Australia into a renewable superpower under the umbrella of the Future Made in Australia policies. Future Made is a framework that sets...

Small businesses can help South Africa fight unemployment if they get proper support – study

South Africa has an alarming unemployment rate of approximately 32.1%. Solutions have been elusive. The unemployment rate has been consistently high for decades. Our research has revolved around entrepreneurship. We...

Australia is set to ban live sheep exports. What will this mean for the industry?

This month the federal government announced a plan to ban live sheep exports, set to come into effect from May 1 2028. The announcement coincided with the release of a highly anticipated report by an independent panel...

Latest inflation figures are good news

The U.S. economy is slowing, but not crashing. In the dismal science, this is what counts as good news. Thats the message I took away from the latest inflation data, released May 15, 2024, which showed U.S. consumer...

The budget is full of good news, but good news isn’t the same as good management

This years budget has something for everyone, with very little in the way of cuts and no new taxes. Its a classic good news pre-election budget. Whether it is too good to be true hinges on whether this budget...

Politics

Why the US government is intervening in the live music business and could break up Live Nation Entertainment – a music industry scholar explains

The U.S. Justice Department, along with 29 states and the District of Columbia, have filed an antitrust lawsuit against Live Nation Entertainment, the parent company of Ticketmaster. The lawsuit alleges that Live Nation...

6 ways to foster political discourse on college campuses

With deep divisions on college campuses most recently over the conflict in the Gaza Strip and Israel many observers fear that universities are not places where students can discuss divisive issues with people who...

How Iran selects its supreme leader

The sudden death of President Ebrahim Raisi is unlikely to drastically alter Irans foreign and domestic policies, but it has left a power vacuum. As stipulated by the constitution, Raisi was replaced by his first vice...

Why the upcoming South African election a massive milestone for the ruling ANC

South Africans governing party, the African National Congress (ANC), is in trouble. After 30 years in charge, it is scrambling for support ahead of the upcoming national elections. The ANC has run the country since the...

How Modi is using TV, film and social media to sway voters in India’s election

As the worlds largest electorate goes to the polls in India, political parties are seeking to sway voters through popular culture, like film. Although cinema has long reflected and influenced the countrys political and...

Science

Ancient DNA from an extinct native duck reveals how far birds flew to make New Zealand home

Ask a bird lover if they have heard of the extinct giant moa or its ancient predator, Haasts eagle, and the answer will likely be yes. The same cant be said of New Zealands extinct, but equally unique, mergansers a group...

Black holes are mysterious, yet also deceptively simple − a new space mission may help physicists answer hairy questions about these astronomical objects

Physicists consider black holes one of the most mysterious objects that exist. Ironically, theyre also considered one of the simplest. For years, physicists like me have been looking to prove that black holes are more...

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

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...

Technology

Hyundai IONIQ 5 Leads US Production with $7,500 Tax Credit; Chevy Offers No Payments on Equinox, Blazer EVs

Chevy offers no payments on Equinox and Blazer EVs for 120 days, but heres the deal. Meanwhile, Hyundai IONIQ 5 to lead US production at the new EV plant with a $7,500 tax credit in sight. Chevrolet Launches Equinox and...

Ripple CEO Predicts Unavoidable Launch of XRP ETF at Consensus 2024

At Consensus 2024, Ripple CEO Brad Garlinghouse declared that XRP ETFs are inevitable, anticipating the cryptocurrency markets growth to $5 trillion, fueled by recent spot Bitcoin and Ether ETF approvals. Garlinghouse...

US President Joe Biden Vetoes SAB 121 Repeal, Sparks Crypto Industry Backlash

President Joe Biden vetoed the repeal of SECs SAB 121, prioritizing investor and consumer welfare, sparking significant controversy in the cryptocurrency industry. Bidens Veto on SECs Crypto Accounting Bulletin Faces...

Oklahoma Senate Approves Tax Breaks for Bitcoin and Crypto Mining Operations

The Oklahoma Senate has passed House Bill 1600, which provides tax exemptions for Bitcoin and cryptocurrency mining. The bill aims to bolster the states blockchain industry and economy. Oklahoma Senate Approves House...

Kia EV9 American Production Starts in Georgia, Qualifying for Federal Tax Credit Up to $7,500

Although the three-row Kia EV9 has been a huge success up to this point, it does have one significant drawback: because it is manufactured in Korea, it is not eligible for a tax credit of up to $7,500 unless it is obtained...