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FxWirePro: EUR/JPY retreats from post-BoJ spike, focus now on Kuroda’s presser

Jan 29, 2016 05:34 am UTC| Technicals

EUR/JPY reverses a BOJ-led spike to 132.30 and fell back to 130.40, but downside found support at 130.36 (1H - 5DMA). Price action is now consolidating above 131 levels, currently at 131.30, further bullishness only...

BTC/USD breaks major support around $370, targets $350/$318

Jan 29, 2016 05:19 am UTC| Technicals Digital Currency

BTC/USD has broken major support $370 and declined till $363 at the time of writing. It is currently trading around $370 Intraday trend is weak s long as long as resistance $402 holds. On the higher side any break...

XAU/USD intraday outlook

Jan 29, 2016 05:14 am UTC| Technicals

Pair is supported above $1110 mark and trading at $1115 levels. It made intraday high at $1118 and low at $1108 levels. Intraday bias remains bullish. On the top side major resistance levels are seen at...

FxWirePro: AUD/JPY has strong resistance at 85, good to sell rallies

Jan 29, 2016 04:48 am UTC| Technicals

JPY slump after surprise BoJ easing took AUD/JPY to session highs at 86. the pair has given up most of the gains and is currently trading at 84.98 levels. Strong trendline resistance is seen at 85, and further upside...

USDJPY Intraday outlook

Jan 29, 2016 04:28 am UTC| Technicals

Pair surged more than 2% against US dollar after BOJ policy announcement and hit intraday high at 121.39 levels. BOJ loosened monetary policy on Friday when unexpectedly announcing a negative-interest rate...

FxWirePro: USD/JPY spikes as BoJ eases policy, adopts negative interest rates

Jan 29, 2016 04:02 am UTC| Technicals

Massive slump in JPY seen as BoJ eases policy, surprising markets who has expected no major action. Adopts negative 0.1 pct interest for excess reserves financial institutions park with BOJ, reduces median core CPI...

Major Asian Indices Technicals

Jan 29, 2016 03:23 am UTC| Technicals

Hang Seng: Hang Seng forms a temporary bottom around 18800 and recovering from that level. It is currently trading around 19395. The index major resistance is around 19500 and any break above 19500 confirms...

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Economy

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...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

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...

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...

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...

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...

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...

Technology

Vodafone Ventures into Crypto Integration: SIM Cards to Host Blockchain Wallets

Vodafone, the UK-based telecom giant, is pioneering a groundbreaking initiative to fuse blockchain technology with smartphone functionality by integrating cryptocurrency wallets directly into SIM cards. This innovative...

Leak: Huawei's Kirin PC Chip, Qingyun Notebooks to Launch Next Month

Leaked information hinting at the imminent debut of the highly anticipated Kirin PC chip alongside the release of new Qingyun notebooks. The introduction of this computer-dedicated CPU marks a significant milestone for...

Tesla Enhances Model Y Lineup with Longer-Range Variant, Price Adjustment

Tesla has revamped its Model Y offerings, bidding farewell to the standard range rear-wheel-drive (RWD) model while introducing a longer-range variant for an additional $2,000. This strategic maneuver aligns with Teslas...

Shiba Inu Coin Rockets as Burn Rate Skyrockets 1000% Amidst Market Rally

Shiba Inu Coin (SHIB) ignites the crypto market with a phenomenal rally, propelled by a staggering 1000% surge in burn rates. As 29.11 million SHIB tokens are destroyed, market confidence soars, pushing SHIB past crucial...

Dogecoin Surges 13% as Network Activity Soars, Hits 28,000 New Addresses

Dogecoin experiences a remarkable surge, with its price skyrocketing by 13% in response to an unprecedented rise in network activity. On-chain analytics reveal a staggering influx of 28,000 new addresses, signaling renewed...