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FxWirePro: USD/JPY stuck in range but maintains bullish bias

Jan 28, 2016 19:41 pm UTC| Technicals

USD/JPY pair declined the US session after weak US durable goods weakened the dollar. An attempt was made by bears to breach 118.52 supports level in the early US session, however the attempt was unsuccessful as the bulls...

FxWirePro: AUD/USD loses momentum but outlook is strongly bullish

Jan 28, 2016 17:07 pm UTC| Technicals

AUD/USD has declined towards 0.7088 levels after failing to break minor resistance level located at 0.7129 in the mid-morning US session. Currently the pair is approaching to testing support level located at 0.7070. Any...

FxWirePro: EUR/USD rallies towards 1.0940 levels, but reversal is likely

Jan 28, 2016 15:52 pm UTC| Technicals

EUR /USD pair advanced against US dollar in todays European session after buyers stepped in, following plunge in US durable goods orders supported the view of weaker US gross domestic product data due on Friday. However,...

Gold retreats from 12-week high, outlook remains bearish - Short around 1118, targets around 1105/1098, SL 1128

Jan 28, 2016 15:25 pm UTC| Technicals

Gold retreated on Thursday as investors cashed in gains from previous days rally to 12 week high, the demand for yellow has cooled down after the oil prices recovered. Currently the yellow metal has retreated towards 1116...

FxWirePro: USD/CAD dips below lower range, bearish bias increases

Jan 28, 2016 14:28 pm UTC| Technicals

USD/CAD has declined sharply towards 1.3970 levels, after failing to break resistance level located at 1.4126. Currently the pair is making an attempt to break support level located at 1.3972. Further upside is expected to...

EUR/CAD faces major support around 1.5625, break below targets 1.5000

Jan 28, 2016 12:28 pm UTC| Technicals

Major support -1.52650 (trend line joining 1.4957 and 1.5225) The pair has made a low of 1.5255 yesterday and started to recover from that level. It is currently trading around 1.5345. EUR/CAD faces strong support around...

EUR/USD Trade Idea

Jan 28, 2016 11:17 am UTC| Technicals

Minor resistance - 1.0880 (trend line joining 1.09147 and 1.0971) The pair has broken minor trend line resistance 1.0880 and jumped till 1.09062 at the time of writing. It is trading around 1.09017. Break above 1.0880...

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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

Altcoin Market Rally Predicted, Analysts Forecast $4 Trillion Market Cap Surge

Analysts are predicting a substantial rally in the altcoin market, with projections indicating a surge that could drive the market cap to an impressive $4 trillion. This optimistic outlook is supported by positive economic...

Shiba Inu's Remarkable 12% Surge Fueled by Record SHIB Burns, Community Momentum

Shiba Inus ascent reaches new heights as the cryptocurrency experiences a remarkable 12% surge, fueled by record-breaking SHIB burns. The surge reflects robust community engagement and underscores the dynamic nature of the...

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...