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FxWirePro: USD/TWD rejects key support at 31.63 mark, good to buy on dips

Dec 09, 2016 04:02 am UTC| Technicals

USD/TWD is currently trading around 31.84 marks. It made intraday high at 31.86 and low at 31.67 marks. Intraday bias remains bullsih for the moment. A daily close above 31.77 will drag the parity up towards...

FxWirePro: USD/SGD jumps above 1.42 mark, bias turns bullish again

Dec 09, 2016 02:54 am UTC| Technicals

USD/SGD is currently trading around 1.4242 marks. It made intraday high at 1.4257 and low at 1.4227 levels. Intraday bias remains bullish for the moment. A sustained close above 1.4230 will test key...

FxWirePro:Nikkei hits fresh year high, good to buy on dips

Dec 09, 2016 02:51 am UTC| Technicals

Nikkei225 breaks major resistance at 18740 and hits fresh year high today morning on account strong global equity markets. The index is currently trading around 18960 0.57% higher. The European Central Bank has reduced...

FxWirePro: China's yuan weakens to 6.9000 per dollar despite robust CPI, PPI data

Dec 09, 2016 02:12 am UTC| Technicals

USD/CNY is currently trading around 6.8997 marks. It made intraday high at 6.9024 and low at 6.8770 levels. Intraday bias remains neutral for the moment. A sustained close above 6.8850 marks will test key...

FxWirePro: South Korean won gains sharply against euro after ECB meeting

Dec 09, 2016 01:52 am UTC| Technicals

EUR/KRW is currently trading around 1,236 mark. Pair made intraday high at 1,237 and low at 1,232 levels. Intraday bias remains slightly bullish till the time pair holds immediate support at 1,232 mark. A...

FxWirePro: Japanese yen depreciates in early hours of Asia despite higher than expected BSI manufacturing index

Dec 09, 2016 00:56 am UTC| Technicals

USD/JPY is currently trading around 114.22 marks. It made intraday high at 114.30 and low at 113.98 levels. Intraday bias remains neutral till the time pair holds key resistance at 114.42 levels. A daily...

FxWirePro: GBP/USD strongly bearish despite upside attempts

Dec 08, 2016 15:48 pm UTC| Technicals

GBP/USD declined on Thursday as the pound came under selling pressure on the back of a decision by the European Central Bank to extend monthly asset purchases until next December albeit at a lower monthly...

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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...

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...

California is about to tax guns more like alcohol and tobacco

Starting in July 2024, California will be the first state to charge an excise tax on guns and ammunition. The new tax an 11% levy on each sale will come on top of federal excise taxes of 10% or 11% for firearms 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

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...

Hong Kong Officially Kicks Out All Unlicensed Crypto Exchanges, Enforcing Strict Regulations

Through this regulatory action, the Securities and Futures Commission (SFC) has demonstrated its dedication to promoting a safe and open environment for the trading of virtual assets. Hong Kong Regulators Mandate Crypto...

Ethereum Price Soars Amid $40M Influx: Will the Bullish Trend Continue?

The price of Ethereum has recovered momentum after a period of volatile trading. Its price has recently increased due to increased anticipation following the surprise approval of the Spot Ethereum ETF by the United States...

Shiba Inu Burn Rate Jumps Over 300%, Investors Eye Possible Price Rebound

Shiba Inu experienced a 310.99% burn rate increase on Friday, May 31, causing excitement among traders about a potential price rebound. SHIB Burn Rate Spike Shibburn, a reputable website that meticulously tracks the...

Crypto Losses Surge in 2024 Amid Rising Hacks and Rug Pulls, Report Reveals

A recent report by Immunefi highlights a significant rise in cryptocurrency losses due to hacks and rug pulls in 2024. Despite a bullish market, the sector saw $473 million in losses, underscoring the urgent need for...