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FxWirePro: South Korean won falls in early hours of Asia, hovers around key resistance at 1,117

Oct 11, 2016 02:25 am UTC| Technicals

USD/KRW is currently trading around 1,116 levels. It made intraday high at 1,116 and low at 1,112 marks. Intraday bias remains neutrals till the time pair holds key resistance at 1,117 levels. A daily close...

FxWirePro: AUD/NZD hits fresh 2-month high at 1.0680, faces strong resistance at 1.0739

Oct 11, 2016 01:58 am UTC| Technicals

AUD/NZD is currently trading around 1.0665 marks. Pair made intraday high at 1.0680 and low at 1.0649 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0562 marks. A...

FxWirePro: USD/SGD hits fresh 4-month high at 1.3776, bias remains bullish

Oct 11, 2016 01:32 am UTC| Technicals

USD/SGD is currently trading around 1.3772 marks. It made intraday high at 1.3776 and low at 1.3747 levels. Intraday bias remains bullish till the time pair holds key support at 1.3704 marks. A sustained...

FxWirePro: AUD/USD neutral in the near-term, scope for downward resumption

Oct 10, 2016 18:03 pm UTC| Technicals

AUD/USD initially rose in the US session but lost steam as dollar was buoyed by the perception that Hilary Clinton won the second U.S. presidential debate and expectations that Federal Reserve would most likely raise...

FxWirePro: GBP/USD outlook weaker on renewed downside pressure

Oct 10, 2016 15:46 pm UTC| Technicals

The Sterling remained in strong bearish tone against dollar on Monday as selling interest continued as the pair was weighed down after investors were concerned that Britain will make a hard exit from the European...

FxWirePro: USD/CAD bearish again as upside bias reverses

Oct 10, 2016 14:28 pm UTC| Technicals

The USD/CAD pair declined at the market opening on Monday as oil prices rose sharply supporting commodity related Canadian dollar after Russia signaled it was ready to join a proposed deal to cap oil production in a bid to...

FxWirePro: EUR/USD dips below lower range, bearish bias increases

Oct 10, 2016 14:04 pm UTC| Technicals

The EUR /USD pair fell as low as 1.1150 during the early US session , as demand for greenback increased as markets saw less chance of a victory by Republican nominee Donald Trump in his U.S. presidential bid. The...

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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

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...

KT Innovates Media, Content Business Through AI

KT Group is transforming its media and content business through artificial intelligence (AI). The company is innovating the mentioned units as part of its acceleration strategy. According to Yonhap News Agency, KT said...

Musk Engages China: Baidu’s Data Deal and High-Stakes Hotel Meet with CATL

Tesla CEO Elon Musk is making headlines with a double play in China: securing critical navigation data from Baidu and engaging in strategic talks with CATL. These moves underline Teslas push to lead in global tech and...

Elon Musk Injects $10 Billion Into Tesla AI, Eyes Autonomous Robotaxi

Elon Musk has declared a monumental $10 billion investment in Teslas artificial intelligence, setting the stage for advanced autonomous driving and a potential Robotaxi service. Tesla to Invest $10 Billion in AI for...