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Mon, Apr 29, 2024 07:38 PM All times are UTC

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FxWirePro: USD/CNY falls below 6.65 mark, PBOC sets yuan mid-point at 6.6586

Aug 23, 2016 08:34 am UTC| Technicals

USD/CNY is currently trading around 6.6438 marks. It made intraday high at 6.6565 and low at 6.6380 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.6659 marks. On the top...

Cable breaks major resistance 1.3185, targets 1.3310

Aug 23, 2016 08:24 am UTC| Technicals

Major intraday support - 1.3120 (34 H EMA) GBP/USD has broken major resistance 1.3185 and a jump till 1.3310 (23.6% retracement of 1.51086 and 1.27893) is possible. Any break above 1.3185 confirms minor trend...

FxWirePro: USD/TRY fails to hold above 2.95 mark, downside limited

Aug 23, 2016 07:19 am UTC| Technicals

USD/TRY is currently trading at 2.9388 levels. It made intraday high at 2.9411 and low at 2.9315 levels. Intraday bias remains bullish till the time pair holds key support at 2.9203 marks. A sustained close...

GBP/JPY: Buy above break out (132.25)

Aug 23, 2016 06:43 am UTC| Technicals

Major resistance- 132.25 (Aug 18th 2016 high). Major support -131.15 (200 HMA). Hourly chart (CMP- 131.81) Tenken-Sen -131.68. Kijun-Sen- 131.72. GBP/JPY has declined till 131.44 yesterday and...

FxWirePro: AUD/JPY bears in major trend drift through sloping channel, watch out for rallies for fresh short build up –Tunnel spreads for intraday swings

Aug 23, 2016 06:27 am UTC| Technicals

AUDJPY has broken below supports at 76.749 levels with a spinning top formation, currently, the bears have again snapped the recent gains at the same resistance levels. To understand the major downtrend, last month,...

FxWirePro: South African rand erases previous loss against USD, faces strong support at 13.19

Aug 23, 2016 06:11 am UTC| Technicals

USD/ZAR is currently trading around 13.47 levels. It made intraday high at 13.58 and low at 13.45 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.64 levels. A daily close...

FxWirePro: AUD/CAD holds 200-day MA support, good to go long on dips

Aug 23, 2016 05:58 am UTC| Technicals

AUD/CAD has held major support by 200-DMA at 0.9781 and edged higher on the day. We have evidenced a hammer formation at lows near 0.9761 on Fridays trade, scope for upside upto 0.9932 (23.6% Fib). 38.2% Fib at...

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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

Tesla Clears Regulatory Hurdles for FSD Launch in China with Baidu's Help

Tesla and Baidu have joined forces to tackle Chinas rigorous FSD regulations, ensuring all Tesla operational data is stored in Shanghai, thereby adhering to strict data compliance measures. According to Reuters, a...

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...