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FxWirePro: USD/CAD resumes downside after Bank of Canada's interest rate decision

Dec 07, 2016 17:22 pm UTC| Technicals

The USD/CAD pair declined on Wednesday, as the Canadian dollar gained strength after the Bank of Canada left interest rate unchanged. The pair recovered up to 1.3294 levels in the early US session, but fell back as...

FxWirePro: GBP/USD bearish again as upside bias reverses

Dec 07, 2016 16:49 pm UTC| Technicals

The GBP/USD pair declined on Wednesday, as the Pound found selling interest after poor British industrial output data weighted on the British pound . Figures for October showed industrial output fell 1.3 percent...

FxWirePro: USD/CHF Trade idea

Dec 07, 2016 13:10 pm UTC| Technicals

Major resistance 1.0248 (Nov 30th high) Major support 1.00450 (100% projection of 1.0248 and 1.00672 from 1.01817) The greenback has renewed buying interest after taking support near 100% projection of 1.02048...

GBP/USD breaks below 1.2600 handle, decline till 1.23000 possible

Dec 07, 2016 10:11 am UTC| Technicals

Major resistance 1.27750 Major support 1.26000 Cable forms a temporary top around 1.27750 yesterday and sho9wn a massive selling from that level. It is currently trading around 1.25899. The pair breaks...

FxWirePro: GBP/AUD bulls halt at stiff resistance, back-to-back shooting stars signal weakness, swings drift sideways – Tunnel spreads to speculate

Dec 07, 2016 10:04 am UTC| Technicals

On daily charts, back-to-back shooting star candle patterns are traced out at peaks of interim upswings and stiff resistance at 1.7043. Shooting stars are appeared at 1.6978, 1.7036 and yesterday again at...

DAX30 breaks major resistance at 10830, jump till 11300 likely

Dec 07, 2016 09:11 am UTC| Technicals

Major Resistance- 10830 (Oct 25th 2016 high) Major support 10425 (trend line joining 9302 and 10200). The index jumped sharply after breaking major resistance10830. It is currently trading around 10925. On...

FxWirePro:GBP/JPY forms Bullish Gartley pattern, good to buy on dips

Dec 07, 2016 07:35 am UTC| Technicals

Harmonic Pattern formed Bullish Gartley Pattern Potential Reversal Zone (PRZ) 143.15 The pair jumped slightly from the low of 144.03 but not able hold at higher levels. It has made a high of 145.62 yesterday...

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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

Lawyer Accuses DOJ of 'Obvious Disdain for Privacy' in Tornado Cash Case

Amanda Tuminelli, legal counsel for the DeFi Education Fund, has strongly criticized the DOJs apparent disregard for privacy and emerging technologies in its ongoing case against Tornado Cash. Critique of DOJs Technical...

Australia Set to Unveil Spot Bitcoin ETFs, $4 Billion Inflows Projected

Australias top exchange, the ASX, is poised to approve its first spot in Bitcoin ETFs. This could potentially unlock $3 to $4 billion in initial inflows over the next three years, bolstering the countrys robust crypto...

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...