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Wed, May 08, 2024 07:37 AM All times are UTC

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FxWirePro: USD/KRW remains well supported above 1172, intraday bias remains neutral

May 23, 2016 01:31 am UTC| Technicals

USD/KRW is currently trading around 1183 levels. It made intraday high at 1185 and low at 1183 levels. Intraday bias remains neutral for the moment. Pair is moving in a tight range in between 1170 to 1190...

FxWirePro: Japanese Yen gains in early Asia on robust trade balance data

May 23, 2016 01:10 am UTC| Technicals

USD/JPY is currently trading around 109.87 marks. It made intraday high at 110.23 and low at 109.83 levels. Today Japan released trade balance data with positive numbers at a surplus of 430 billion, above the 270...

FxWirePro: GBP/USD slips towards lower range, but outlook remains bullish

May 20, 2016 16:21 pm UTC| Technicals

The Sterling declined against dollar on Friday as the pair failed to retake the 1.4600 level after Sterlings rally lost steam following positive US existing home sales data. The pair initially was trading around...

FxWirePro: AUD/USD fails to break resistance at 0.7247, bearish in the short term

May 20, 2016 15:50 pm UTC| Technicals

The pair has found renewed bearish momentum on Friday after failing to break resistance level at 0.7247 and is approaching to test support level located at 0.7207. Currently the currency pair is trading around 0.7220...

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

May 20, 2016 15:33 pm UTC| Technicals

EUR declined against US dollar on Friday after data showed US home sales rose more than expected in April. The pair extended its decline from 1.1237 to hit low at 1.1202 in the early US session. Further upside is...

FxWirePro: CAD/JPY faces strong resistance at 84.35, good to sell on rallies

May 20, 2016 11:38 am UTC| Technicals

Major resistance 84.35 (21 day 4H MA) Major intraday support 83.60 CAD/JPY has retreated after making a high of 84.32 today. It is currently trading around 84.12. The pairs major support is around 83.30...

GBP/JPY Trade idea

May 20, 2016 11:16 am UTC| Technicals

Harmonic Pattern Formed- Bearish Bat pattern Potential Reversal Zone (PPRZ) 162.80 GBP/JPY has completed Bearish Bat Pattern at 161.80 and slightly declined from that level. It is currently trading around...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

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...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

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,...

Technology

Grayscale's Ethereum ETF Twist: Withdraws Application Days Before SEC Verdict

In a dramatic turn of events, Grayscale shocked the cryptocurrency community by retracting its application for an Ethereum futures exchange-traded fund just days before the SECs looming decision deadline. This cast doubt...

Tesla Cybertruck Incident: Owner's Finger Injury Raises Safety Alarms

In a risky demonstration gone wrong, a Cybertruck owners attempt to prove its safety features backfired, resulting in a finger injury and stirring debates about the vehicles design and safety algorithms. Unexpected...

US Revokes Intel, Qualcomm Licenses Amidst Chip Sales Restrictions on Huawei

In a significant escalation of trade restrictions, the United States has revoked licenses from leading semiconductor manufacturers Intel Corp. and Qualcomm Inc., obstructing Huawei Technologies Co.s access to vital chip...

Binance CEO Discloses $150 Million Bribe Amidst Tensions with Nigerian Government

Binance, the renowned cryptocurrency exchange, disclosed that Nigerian government authorities demanded a staggering $150 million in bribes to quell legal actions against its executives, igniting a fierce dispute between...

Hong Kong Central Bank Leads Initiative to Explore Asset Tokenization Advancements

The Hong Kong Monetary Authority (HKMA) has spearheaded the formation of a specialized community to explore asset tokenization. Partnering with various industry players and regulators, this initiative seeks to drive...