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FxWirePro: South Korean won gains against U.S. dollar after comments from South Korea’s finance minister

Dec 08, 2016 06:46 am UTC| Technicals

USD/KRW is currently trading around 1,158 levels. It made intraday high at 1,161 and low at 1,156 marks. Intraday bias remains bearish till the time pair holds key resistance at 1,162 levels. A daily close...

FxWirePro: AUD/USD extends potential "Bearish Bat pattern", bias higher, stay long

Dec 08, 2016 06:37 am UTC| Technicals

AUD/USD has shown a breakout above 20-DMA resistance at 0.7455 on Wednesdays trade. Aussie shrugs off dismal Q3 GDP and weak trade deficit data and extends higher. The pair hit a three-week high of 0.7509 after...

FxWirePro:US OIL forms shooting star pattern, good to sell on rallies

Dec 08, 2016 06:27 am UTC| Technicals

Candle stick pattern Shooting star (5th Dec 2016) Candle stick pattern Doji (6th Dec 2016). Major support - $50 The black gold made a temporary top around $52.39 on 5th Dec 2016 and started to decline...

FxWirePro: Buy Gold above trend line breakout

Dec 08, 2016 06:26 am UTC| Technicals

Gold posted a mild gains in the Asian session after upbeat China trade data . The yellow metal jumped from the low of $1171 made yesterday. Chinas trade balance for Nov came as a surplus of $44.61 billion, compared...

FxWirePro: USD/INR hits fresh 4-week low at 67.30 mark, faces strong support at 67.22 mark

Dec 08, 2016 05:49 am UTC| Technicals

USD/INR is currently trading around 67.36 marks. It made intraday high at 67.38 and low at 67.30 marks. Intraday bias remains neutral till the time pair holds key support at 67.30 mark. Key resistances are...

FxWirePro: XAG/USD hits fresh 3-week high at $17.21 mark, sustained close above targets $17.48

Dec 08, 2016 04:49 am UTC| Technicals

XAG/USD is currently trading around $17.14 marks. It made intraday high at $17.20 and low at $17.08 levels. Intraday bias remains bullish till the time pair holds immediate support at $16.90 marks. A daily...

FxWirePro: USD/JPY bias turns bearish on dip below 5-DMA, good to sell rallies

Dec 08, 2016 04:04 am UTC| Technicals

USD/JPY struggles to extend gains beyond 114.82 (Dec 1 highs), fails to claim 115 handle. Intraday bias in the pair has truned bearish on dip below 5-DMA at 113.71. RSI and Stochs are at overbought levels and are...

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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...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

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,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

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...

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

Tesla Cybertruck Triumphs in Off-Road Challenge, Reveals Enhanced Features

Teslas Cybertruck recently demonstrated its superior off-road capabilities in a video featuring new adjustments for pitch and angle to boost its performance on challenging terrains. Cybertruck Outperforms in Rigorous...

China Beat South Korea in OLED Panel Shipments for Small Gadgets

China reportedly defeated South Korea in the shipment of organic light-emitting display panels, or OLED, for IT gadgets. The Chinese makers outdid Korea for the first time in the first quarter of 2024. New Records for...

LG Uplus, Kakao Mobility EV Charging Joint Venture Approved by the FTC

LG Uplus and Kakao Mobilitys joint venture to operate electric vehicle charging stations has been approved by the Fair Trade Commission. The antitrust regulator approved the JV on Monday, April 29. FTCs Crucial...

KT Innovates Media, Content Business Through AI

KT Group is transforming its media and content business through artificial intelligence (AI). The company is innovating the mentioned units as part of its acceleration strategy. According to Yonhap News Agency, KT said...

Musk Engages China: Baidu’s Data Deal and High-Stakes Hotel Meet with CATL

Tesla CEO Elon Musk is making headlines with a double play in China: securing critical navigation data from Baidu and engaging in strategic talks with CATL. These moves underline Teslas push to lead in global tech and...