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FxWirePro: Silver marginally higher in early hours of Asia, upside limited

Oct 12, 2016 04:33 am UTC| Technicals

XAG/USD is currently trading around $17.56 marks. It made intraday high at $17.57 and low at $17.42 levels. Intraday bias remains bullish till the time pair holds immediate support at $17.42 marks. A daily...

FxWirePro:ASX200 takes support at 50- day MA,good to buy on dips

Oct 12, 2016 03:26 am UTC| Technicals

Major support -5440 (50- day MA). The index has taken support around 50- day MA and started to jump from that level.It is currently trading around 5462. ASX200 is trading well above Tenken-Sen (5461) and...

FxWirePro: USD/TWD rejects key resistance at 31.70, bias remains neutral

Oct 12, 2016 03:04 am UTC| Technicals

USD/TWD is currently trading around 31.60 marks. It made intraday high at 31.68 and low at 31.43 marks. Intraday bias remains neutral till the time pair holds key resistance at 31.68 marks. A daily close...

FxWirePro:Nikkei retreats slightly form the high of 17062, good to buy on dips

Oct 12, 2016 02:58 am UTC| Technicals

Nikkei225 declined sharply after making a high of 17062.It has closed slightly below psychological level 17000 yesterday.Japanese index has made a low of 16812 yesterday and recovered slightly from that level. It is...

FxWirePro: USD/SGD remains well supported below key resistance at 1.3799 mark, sustained break above targets 1.3851

Oct 12, 2016 02:35 am UTC| Technicals

USD/SGD is currently trading around 1.3788 marks. It made intraday high at 1.3796 and low at 1.3772 levels. Intraday bias remains bullish till the time pair holds key support at 1.3704 marks. A sustained...

FxWirePro: Aussie gains against major peers on robust consumer sentiment index

Oct 12, 2016 01:39 am UTC| Technicals

AUD/NZD is currently trading around 1.0703 marks. Pair made intraday high at 1.0707 and low at 1.0672 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0581 marks. A...

FxWirePro: USD/KRW hits fresh 4-week high at 1,124, faces strong resistance at 1,127

Oct 12, 2016 01:04 am UTC| Technicals

USD/KRW is currently trading around 1,123 levels. It made intraday high at 1,124 and low at 1,123 marks. Intraday bias remains bullish till the time pair holds key support at 1,117 levels. A daily close...

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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

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...

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...