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Mon, Apr 29, 2024 12:15 PM All times are UTC

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FxWirePro: Prefer to go short on XAG/USD around $17.62 with stop loss at $17.82 and target of $17.42

Oct 13, 2016 06:15 am UTC| Technicals

XAG/USD is currently trading around $17.60 marks. It made intraday high at $17.65 and low at $17.43 levels. Intraday bias remains bearish till the time pair holds immediate resistance at $17.82 marks. A...

FxWirePro: Buy Gold above $1262

Oct 13, 2016 05:42 am UTC| Technicals

Major Resistance- $1262.30 (200- day MA) Major support - $1241 (Oct 6th low) The yellow metal formed a temporary bottom around $1250 and is struggling to break below that level. It is currently trading around...

FxWirePro: USD/INR rejects key resistance at 66.87, good to sell on rallies

Oct 13, 2016 05:30 am UTC| Technicals

USD/INR is currently trading around 66.77 marks. It made intraday high at 66.80 and low at 66.71 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 66.87 marks. Key...

FxWirePro: AUD/USD recovers slightly from fresh 3-week lows at 0.7518, bias lower, stay short

Oct 13, 2016 05:28 am UTC| Technicals

AUD/USD knocked-down to fresh multi-week lows closer towards 0.75 handle. The pair consolidating near three-week troughs, as markets continue to weigh worse-than-expected China trade data. Momentum studies...

FxWirePro: Kiwi under pressure from poor Chinese trade data, NZD/USD on track to test 200-DMA at 0.6940

Oct 13, 2016 04:38 am UTC| Technicals

Data released earlier today showed that Chinas trade data disappointed in September. Chinas trade balance for September, in yuan terms, came in at 278.4bn CNY vs 300bn expected and 346bn last. Exports came much...

FxWirePro: USD/THB hits fresh 9-month high at 35.90 mark, sustained break above targets 36.44

Oct 13, 2016 04:28 am UTC| Technicals

USD/THB is currently trading around 35.71 marks. It made intraday high at 35.78 and low at 35.65 marks. Intraday bias remains bullish for the moment. On the top side key resistances are seen at 35.90, 36.05,...

FxWirePro: ASX200 faces strong resistance at 5505, good to sell on rallies

Oct 13, 2016 03:32 am UTC| Technicals

Major support -5440 (50- day MA).. The index has broken support at 50- day MA and started to decline till 5418 at the time of writing.It is currently trading around 5426. ASX200 is trading well below Tenken-Sen...

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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...