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FxWirePro: USD/CAD rises to 2-week highs, maintains bullish bias

May 04, 2016 17:14 pm UTC| Technicals

USD/CAD pair rose on Wednesday as Canadian dollar was weighted down by falling crude oil prices and disappointing domestic trade data. The intraday trend remains bullish for the pair as the oil co-related Canadian...

FxWirePro: EUR/USD resumes downside after failing to break above 1.1550 levels

May 04, 2016 14:42 pm UTC| Technicals

The EUR/USD pair has declined towards lower levels on Wednesday, as the US dollar gained strength across the board after data showed ISM Non-Manufacturing PMI rose in April. The Index of Non-Manufacturing activity...

FxWirePro: GBP/USD outlook weaker on renewed downside pressure

May 04, 2016 13:17 pm UTC| Technicals

The GBP/USD pair declined sharply in early the European session to hit low at 1.4460. However, after negative US ADP Nonfarm Employment data the pair rebounded back in quick succession and erased the all the earlier losses...

FX Hedging Strategy Series

FxWirePro: Trade iron butterfly in shrinking USD/CHF IVs and bearish neutral risk reversals

May 04, 2016 12:59 pm UTC| Technicals

OTC Outlook: ATM implied volatilities are considerably shrinking away, slipped below 9% (to be precise 8.76% for 2W expiries and 8.68% for 1M expiries). While, risk reversals have also been in sync with IVs and spot...

FxWirePro: “DragonFly” appears at USD/CHF channel base but too early to jump into guns – major trend slipping through sloping channel

May 04, 2016 12:35 pm UTC| Technicals

On daily charts, Dragonfly Doji taking support at channel base at 0.9541. The pair has rejected stiff resistance at 0.9786 levels, as a result, after 6 days of continuous bear streaks it has now shown a little sense of...

EUR/USD Trade Idea

May 04, 2016 12:18 pm UTC| Technicals

Pattern Formed Shooting Star Potential Reversal Zone 1.1620 The pair has retreated after making a high of 1.16161 yesterday.It is currently trading around 1.14890. Short term trend is slightly bearish as...

FxWirePro: AUD/USD strongly bearish despite upside attempts

May 04, 2016 12:14 pm UTC| Technicals

AUD/USD pair declined to hit low at 0.7460 on Wednesday as the pair failed to break resistance level located at 0.7515 in the early Asian session. However, the pair has managed to rebound after testing support level...

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Economy

There’s an extra $1 billion on the table for NT schools. This could change lives if spent well

The federal and Northern Territory governments have just made a historic funding announcement of about A$1 billion for schools in the territory. This includes an extra $737.7 million from the federal government and an...

Undersea cables for Africa’s internet retrace history and leave digital gaps as they connect continents

Large parts of west and central Africa, as well as some countries in the south of the continent, were left without internet services on 14 March because of failures on four of the fibre optic cables that run below the...

Economists say Australia shouldn’t try to transition to net zero by aping the mammoth US Inflation Reduction Act

Australias top economists are pressing Prime Minister Anthony Albanese not to ape US President Joe Bidens think big approach to clean energy. Bidens so-called Inflation Reduction Act dubbed the largest climate...

Emissions impossible? How the transport sector can help make the 2050 net-zero goal a reality

Meeting Canadas ambitious net-zero emissions target by 2050 necessitates significant technological, behavioural and systemic changes in the transportation sector, a major contributor to global greenhouse gas (GHG)...

Why is toddler milk so popular? Follow the money

Toddler milk is popular and becoming more so. Just over a third of Australian toddlers drink it. Parents spend hundreds of millions of dollars on it globally. Around the world, toddler milk makes up nearly half of total...

Politics

SpaceX Builds Spy Satellites for US; Russia Warns of Military Response

Russia has issued a stark warning to the United States, stating that the use of SpaceXs satellites for espionage could render them targets for military action. This follows revelations that SpaceX is constructing a spy...

Israel’s army exemptions for the ultra-Orthodox are part of a bigger challenge: The Jewish state is divided over the Jewish religion

Just when you think nothing can surprise you anymore in Israeli politics, someone always comes along with a new twist. This time it was Yitzhak Yosef, one of Israels two chief rabbis. In response to debates over whether...

Did Biden really steal the election? Students learn how to debunk conspiracy theories in this course

Title of course: Debunking conspiracy theories What prompted the idea for the course? I am interested in how people internalize or learn about political beliefs they go on to adopt. This interest coincided with my...

Trump wouldn’t be the first presidential candidate to campaign from a prison cell

The first trial ever of a former president, the so-called hush money case against former president and likely GOP presidential nominee Donald Trump, is scheduled to begin with jury selection in New York on March 25, 2024,...

Science

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...

Our survey of the sky is uncovering the secrets of how planets are born

When we look out to the stars, it is typically not a yearning for the distant depths of outer space that drives us. When we are looking out there, we are truly looking back at ourselves. We try to understand our place in...

Archeoastronomy uses the rare times and places of previous total solar eclipses to help us measure history

Total solar eclipses have fascinated and terrified people for centuries. Today, we know that total solar eclipses like the upcoming eclipse on April 8 are caused by a cosmic coincidence when the moon comes between the...

Spacesuits need a major upgrade for the next phase of exploration

Humans have long dreamed of setting foot on the Moon and other planetary bodies such as Mars. Since the 1960s, space travellers have donned suits designed to protect them from the vacuum of space and stepped out into the...

Technology

Ferrari, SK On Join Forces to Develop Next-Generation Supercar Batteries

Ferrari NV, an Italian luxury sports car maker, has teamed up with SK On, a South Korean electric vehicle battery manufacturer, to produce next-generation batteries. The partners will work on producing eco-friendly...

Shiba Inu Surges with $219M Whale Activity, Vitalik Buterin Highlights SHIB

Shiba Inu (SHIB) experiences a significant boost with $219 million in whale transactions, as Ethereum co-founder Vitalik Buterin makes surprising comments about the meme coins resilience. Shiba Inu Witnesses Major Surge...

Illuvium's $12M Funding Boost Precedes Q2 Game Launch And Airdrop Tease

Illuvium a blockchain gaming universe, secures $12 million funding ahead of Q2 2024 game launch, hinting at a significant token airdrop. Illuvium Labs Secures $12 Million Funding Ahead of Q2 Game Launch Illuvium...

Shytoshi Kusama Reacts to Vitalik Buterin's SHIB Tweet

Shytoshi Kusama responds to Vitalik Buterins mention of Shiba Inu, igniting community enthusiasm. Vitalik Buterins Tweet Sparks Enthusiasm Among Shiba Inu Supporters In a recent post on the X/Twitter platform,...
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