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Tue, Apr 16, 2024 10:29 AM All times are UTC

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FxWirePro: USD/KRW stabilises below 1,100 mark, bias remains bearish

Aug 17, 2016 01:17 am UTC| Technicals

USD/KRW is currently trading around 1,097 levels. It made intraday high at 1,097 and low at 1,092 levels. Intraday bias remains bearish till the time pair holds key resistance at 1,107 levels. A sustained...

FxWirePro: EUR/USD reverses recent rally, bias back to downside

Aug 16, 2016 15:09 pm UTC| Technicals

EUR /USD pair inched higher initially on Tuesday on reduced expectations of a U.S. interest-rate hike in the coming months. But declined in the US session, after data showed US consumer prices were unchanged in...

FxWirePro: GBP/USD gains some upside momentum but still bearish

Aug 16, 2016 14:22 pm UTC| Technicals

GBP/USD declined in early US session after U.S. consumer prices were unchanged in July. The core CPI, which strips out food and energy costs, edged up 0.1 percent in July. The year-on-year core CPI increased 2.2 percent...

FxWirePro: Gold begins to glitter again after testing support at 21DMA and trend line, spike above 38.2% Fibos brings in momentum but hovers around 1355.98

Aug 16, 2016 12:21 pm UTC| Technicals

Technical Inference: Gold prices resume non-stop bullish streaks soon after testing trend line support 21DMA at 1338. Expect more upswings as break-out above resistance of 38.2% Fibos are in conformity tot the...

USD/CHF Trade Idea

Aug 16, 2016 11:46 am UTC| Technicals

Major support 0.9635 (Jul 29th low). Major resistance 0.9770 (90 day EMA). The pair has retreated sharply after making a high of 0.97590. It is currently trading around 0.96484. On the lower side, major...

US Dollar Index breaks major support at 95, targets 94.10/93

Aug 16, 2016 10:57 am UTC| Technicals

Major support -95 (Aug 2nd low). The index has jumped till 95.99 and started to decline from that level. It is currently trading around 94.80 . US Dollar index breaks major support 95 and declined till 94.76 at...

FxWirePro: AUD/USD bulls break-out minor resistance, linger around sloping channel resistance – bullish momentum intact despite Gravestone formation

Aug 16, 2016 10:47 am UTC| Technicals

Despite the bearish pattern occurrences such as Gravestone Doji (at 0.7698 levels), Bulls have managed to break out above the stiff resistance at 0.7719. Consequently, we could foresee the upside potential up to the...

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Economy

Digital trade protocol for Africa: why it matters, what’s in it and what’s still missing

In February 2024, African heads of states adopted a draft protocol to regulate digital trade within the continent. This significant yet challenging course for Africas digital economy fits into the broader trade agreement,...

Industry shutdowns are messy and painful: 4 lessons Australia’s coal sector can learn from car-makers about bowing out

Shifting Australias electricity sector to low-carbon technologies and closing coal plants is vital to tackling climate change. But such transitions are easier said than done. People and economies are often deeply...

Food prices will climb everywhere as temperatures rise due to climate change – new research

Climate change, and specifically rising temperatures, may cause food prices to increase by 3.2% per year, according to a new study by researchers in Germany. As climate change continues to worsen, this price inflation will...

Industrialisation is still vital to economic development but some countries are struggling to reap its benefits

Alexander Hamilton, one of the founding fathers of the US, wrote a wealth of reports that served as building blocks for the countrys economic system. In 1791, during his time as secretary of the Treasury, Hamilton...

This is how President Ramaphosa got to the 25% figure of progress in land reform in South Africa

Nearly three decades into democracy, land reform remains central to South Africas transformation policies and agricultural policy. We have over the years pointed out that the progress on land reform has been incorrectly...

Politics

Nvidia RTX 4090D Embroiled in US-China Tech Rivalry; South Korea Navigates Chip Export Dilemma

The U.S. government has tightened export restrictions on high-performance semiconductor chips to China, including the Nvidia RTX 4090D, and is urging South Korea to enforce similar curbs, marking a significant escalation...

US and Japan Boost AI, Semiconductor Alliance; EU Eyes Reduction in China Dependence

Japan and the United States are poised to deepen ties in the high-tech sector, signaling a strategic move to enhance their global partnership with a focus on artificial intelligence and semiconductor...

US Finalizes Ban List for Chinese Chipmakers; Boosts Mexico Semiconductor Ties

The United States is finalizing a list of Chinese chip factories banned from receiving vital technology, aiming to curb Beijings tech advancements amid national security concerns. Concurrently, a US-Mexico semiconductor...

China's Commerce Minister to Advocate EV Sector in Europe Amid Subsidy, Tariff Probe

Chinas Commerce Minister Wang Wentao is set to visit Europe in April to address concerns and advocate for the Chinese electric vehicle (EV) industry amid a European Commission investigation into alleged unfair...

South Africa’s electricity crisis: what political parties say in their election manifestos about solving it

South Africa is in the middle of a deep electricity crisis. In 2023 the public, many of whom are voters, experienced the worst loadshedding to date, losing power for an average of five hours a day. The power shortages...

Science

Exploding stars are rare but emit torrents of radiation − if one happened close enough to Earth, it could threaten life on the planet

Stars like the Sun are remarkably constant. They vary in brightness by only 0.1% over years and decades, thanks to the fusion of hydrogen into helium that powers them. This process will keep the Sun shining steadily for...

An eclipse for everyone – how visually impaired students can ‘get a feel for’ eclipses

Many people in the U.S. will have an opportunity to witness nearly four minutes of a total solar eclipse on Monday, April 8, 2024, as it moves from southern Texas to Maine. But in the U.S., over 7 million people are blind...

How do airplanes fly? An aerospace engineer explains the physics of flight

Airplane flight is one of the most significant technological achievements of the 20th century. The invention of the airplane allows people to travel from one side of the planet to the other in less than a day, compared...

The mystery of consciousness shows there may be a limit to what science alone can achieve

The progress of science in the last 400 years is mind-blowing. Who would have thought wed be able to trace the history of our universe to its origins 14 billion years ago? Science has increased the length and the quality...

What is minoxidil, the anti-balding hair growth treatment? Here’s what the science says

Hair loss (also known as alopecia) often affects the scalp but can occur anywhere on the body. Its very common and usually nothing to worry about; about half of Australian men show signs of visible baldness at age 50 and...

Technology

Kakao Games, SM Entertainment Sign Licensing Agreement for Games Featuring K-pop Idol Groups

Kakao Games Corporation entered into an intellectual property (IP) rights agreement with SM Entertainment, and the deal was revealed on Tuesday, April 16. The South Korean video game publisher will develop several games...

Doosan Robotics, LG Electronics Debut EV Charging Robot, Kicks Off Pilot Operation in South Korea

Doosan Robotics and LG Electronics have developed an automatic charging machine for electric vehicles. The companies collaborative project is now being tested in South Korea. Doosan Robotics and LG Electronics pilot...

Changpeng Zhao Faces Sentencing, Crypto Community Watches Anxiously

Former Binance CEO Changpeng Zhao prepares for his sentencing on April 30 amid high stakes for the crypto industry. Scheduled in the Western District of Washington, the court will decide if Zhaos cooperation with U.S....

OpenAI Announces Opening of Its First Office in Asia, Rolls out GPT-4 Optimized for Japanese Users

OpenAI has arrived in the Asia Pacific region after opening an office in Tokyo, Japan. This is the companys first hub in the territory and third globally. The office was inaugurated just last weekend. Global Expansion...

Tesla Halts $25,000 Model NV9, Redirects Focus Despite Musk's Earlier Promises

Despite Elon Musks prior claims, Tesla has shelved its anticipated $25,000 electric car, codenamed NV9, prioritizing other technological advancements. The projects delay contradicts earlier projections of a cheaper,...