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FxWirePro: AUD/NZD capped below 20-DMA, intraday bias lower

Dec 07, 2016 07:35 am UTC| Technicals

AUD/NZD sandwiched between 20-DMA and major trendline support at 1.0420. Technical indicators support downside, momentum studies are weak with RSI below 50 levels. Break below trendline (currently) at 1.0415 will...

FxWirePro: USD/CNY jumps above 6.89 mark, PBOC sets yuan mid-point at 6.8808

Dec 07, 2016 07:34 am UTC| Technicals

USD/CNY is currently trading around 6.8926 marks. It made intraday high at 6.8947 and low at 6.8768 levels. Intraday bias remains bullish till the time pair holds key support at 6.8570 mark. A sustained...

FxWirePro: EUR/AUD struggles to hold gains above 50-DMA, bias higher, stay long

Dec 07, 2016 07:14 am UTC| Technicals

EUR/AUD edges lower from fresh weekly highs at 1.45 handle on Tuesday. The pair has broken minor trendline support at 1.4325 and edged higher to take out 50-DMA. Gains above 0.75 handle were not sustained, pair...

FxWirePro: AUD/USD interim bulls restrained below 21-DMA, bears continue to plummet below 7-DMA after disappointing Q3 GDP flashes

Dec 07, 2016 06:46 am UTC| Technicals

Back-to-back bearish patterns have occurred on weekly charts, while failure upswings at major resistances have evidenced declines below DMAs and breaks below supports with bearish SMA crossover on weekly terms. Youve...

FxWirePro: Indian rupee depreciates against U.S. dollar ahead of RBI’s monetary policy

Dec 07, 2016 06:40 am UTC| Technicals

USD/INR is currently trading around 67.76 marks. It made intraday high at 67.79 and low at 67.61 marks. Intraday bias remains neutral till the time pair holds key support at 67.55 mark. Key resistances are...

FxWirePro: NZD/USD finds stiff resistance at 0.7150, good to sell rallies

Dec 07, 2016 06:18 am UTC| Technicals

NZD/USD is trading a narrow range in the Asian session, Doji formation seen on daily charts till now. Kiwi bulls remain largely unimpressed by RBNZ Wheelers speech before the parliament, where he offered no new...

FxWirePro: Gold trades weak on strong U.S economic data, good to sell on rallies

Dec 07, 2016 06:00 am UTC| Technicals

Gold continues backslide after price notched 10 month low on Monday. The yellow showed a mild jump till $1175 and once again started to fall from that level. The yellow metal is trading weak on account of strong U.S dollar...

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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

Samsung Teams With eSports Icon 'Faker' to Boost Odyssey Sales in China

Samsung Electronics has intensified its efforts in China by aligning with Lee Faker Sang-hyeok and the powerhouse T1 eSports team to promote their Odyssey gaming monitors. The collaboration was highlighted during an...

Ethereum Whales Sell Off 56K Coins, Fueling Fears of Further Price Drops

Whales have shaken the Ethereum market by dumping 56,000 coins, leading to widespread speculation about further price corrections amid the crypto markets broader instability. Impact of Whale Transactions on...

Shiba Inu Faces New Correction, Dips Below Key Support Levels

Shiba Inu (SHIB), the popular meme cryptocurrency, has initiated another correction phase. It dropped below the crucial 26-day EMA and edged towards significant support levels. This downturn reflects a broader hesitance in...

MetaComp and Harvest Global Launch Innovative Bitcoin Spot ETFs in Singapore

In a significant move to expand global investment options, Singapore-based fintech MetaComp has teamed up with Harvest Global Investments to launch innovative bitcoin spot ETFs. This collaboration integrates advanced...

Dogwifhat's Surge on Solana Network Ignites Crypto Market Buzz

Dogwifhat, a meme coin built on the Solana blockchain, has shown a remarkable recovery, catching the eye of investors after its recent listing on Bybit led to a notable price increase. This development comes amidst a...