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Sat, Apr 27, 2024 07:27 AM All times are UTC

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FxWirePro: Gold breaks key resistance at $1282, intraday bias remains bullish

May 16, 2016 08:39 am UTC| Technicals

XAU/USD is currently trading around $1281mark. It made intraday high at $1283 and low at $1270 levels. Intraday bias remains bullish till the time pair holds immediate support at $1268 marks. A daily close...

GBP/USD breaks major support at 1.43650, decline till 1.4240 is possible

May 16, 2016 08:17 am UTC| Technicals

Major support 1.4367 (200 day 4H MA) Major resistance 1.4450 (55 day 4 H EMA) Cable has broken major support 1.4367 and declined till 1.4342. It is currently trading around 1.4354. On the lower side any...

FxWirePro: South African rand depreciates against US dollar, strong resistance falls at 15.53

May 16, 2016 08:03 am UTC| Technicals

USD/ZAR is currently trading around 15.4990. It made intraday high at 15.5277 and low at 15.4503 levels. Intraday bias remains bullish for the moment. A daily close below 15.45 will drag the parity down...

FX Hedging Strategy Series

FxWirePro: EUR/AUD's shooting star signals stern weakness, breaks support at 1.4855 - leverage profits from one touch binary put on pivot point

May 16, 2016 07:45 am UTC| Technicals

The shooting star candle pattern occurred at 1.5547 levels on daily at 1.5223 levels on monthly plottings, more bearish swings have been evidenced as a confirmation (see next bear candle after this pattern). Although...

FxWirePro: EUR/USD faces strong support at 1.1250, good to buy at dips

May 16, 2016 07:29 am UTC| Technicals

Major support 1.1250 (trend line joining 1.11527 and 1.12150) The pair has taken support near 55 day EMA and jumped till 1.13252 at the time of writing. It is currently trading around 1.13225. Short term trend...

FxWirePro: NZD/JPY faces stiff resistance at 73.80, good to buy breakout above

May 16, 2016 07:27 am UTC| Technicals

NZD/JPY extending upside after slight gap down open on the day following poor Chinese data over the weekend. The pair has broken trendline resistance at 73.75 on the hourly charts, but was rejected at next resistance...

FxWirePro: AUD/CAD holds above 78.6% Fib, focus on RBA minutes

May 16, 2016 06:52 am UTC| Technicals

AUD/CAD has bounced off strong support by 78.6% Fib level at 0.9368. Daily charts show hanging man formation on Fridays trade, which supports upside. The pair has hit session highs at 0.9439, and has since pared some...

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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...

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...

What if the Reserve Bank itself has been feeding inflation? An economist explains

Heres something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May...

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,...

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...

Georgia is sliding towards autocracy after government moves to force through bill on ‘foreign agents’

Georgias ruling party attempted to pass a controversial bill on foreign agents in March 2023. The law would have required civil society groups and the media to register as being under foreign influence if they receive...

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

OpenAI CEO Sam Altman and Other AI Leaders Join Federal Safety Board, Pledge to Protect Children Online

Sam Altman of OpenAI and executives from Microsoft, Google, and Nvidia have joined a new government AI safety board. This initiative, part of a broader effort to regulate AIs deployment in critical sectors, coincides with...

Mainland China Investors Blocked from Accessing New Hong Kong Bitcoin ETFs

Despite launching new Bitcoin and Ether ETFs in Hong Kong, mainland Chinese investors remain sidelined due to longstanding cryptocurrency bans in their home country. Spot Bitcoin and Ether ETFs Launch in Hong Kong, But...

SHIB Price Climbs as Shibarium Upgrade Sparks Optimism Among Investors

The Shiba Inu cryptocurrency surged over 4% on April 26, buoyed by executive enthusiasm for the forthcoming Shibarium upgrade to enhance the platforms functionality and security. Shibarium Upgrade Fuels Market Optimism,...

China Investigates Digital Yuan Architect Yao Qian Amid CBDC Concerns

Yao Qian, a pivotal figure behind Chinas digital yuan, is under investigation for alleged misconduct, casting uncertainty on the future of Chinas CBDC initiatives. Probe into Yao Qian Shakes Foundations of Chinas...

Shein Joins Facebook, Amazon in EU Digital Regulations Compliance

Under the EU Digital Regulations, Shein has joined tech giants like Facebook, Amazon, and Google in meeting the strict compliance standards set by the EUs Digital Services Act due to its user base surpassing 45 million in...