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Sun, Apr 28, 2024 05:19 PM All times are UTC

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EUR/GBP hits half yearly high at 0.75574

Jan 14, 2016 06:11 am UTC| Technicals

Intraday bias remains neutral for consolidation below 0.7554 temporary top. Retreat to be contained above 0.7311 supports and bring another rally. Break of 0.7492 levels indicates medium term trend reversal. Further...

USD/CAD hits yearly high at 1.43799

Jan 14, 2016 05:14 am UTC| Technicals

The USD/CAD is trading close to 2003 levels on Thursday, failing to maintain the earlier moderate gains based on the brief relief in oil prices. Pair made multiyear high at 1.4382 levels. In the absence of major...

FxWirePro: EUR/CAD extends uptrend to hit multi-year highs (1.5667), further upside likely

Jan 14, 2016 05:03 am UTC| Technicals

EUR/CAD extends its uptrend to breaks minor resistance at 1.5556 to hit nulti-year highs at 1.5667 (levels not seen since Dec 2009). Oil prices trade near 12-year lows, Brent slips back below $ 30 mark, hurting...

FxWirePro: AUD/USD unable to hold gains above 5-DMA, tests 0.6920 support

Jan 14, 2016 04:32 am UTC| Technicals

AUD/USD breach above 5-DMA at 0.6993 on Wednesdays trade proved short-lived, the spike to 0.7048 was quickly faded. Upbeat jobs data earlier in the day failed to lift the Aussie, it saw a marginal number of bullish...

FxWirePro: 0.6425 strong support for NZD/USD, breaks below could test 0.6240 levels

Jan 14, 2016 03:43 am UTC| Technicals

We see a strong trendline support for NZD/USD at 0.6428 levels, weakness will be seen if pair breaks below. Weakness in oil exposes the downside in the kiwi, NZD/USD hit session lows at 0.6456, before paring some...

FxWirePro: USD/JPY runs out of steam but maintains upward bias

Jan 13, 2016 19:14 pm UTC| Technicals

The USD/JPY pair rallied initially to test resistance level at 118.34 in the early US session. However, after failing to break resistance level at 118.34, the pair has slipped back towards 117.84 levels. The pair remains...

FxWirePro: USD/CAD approaches 1.4300 levels, more upside expected

Jan 13, 2016 17:03 pm UTC| Technicals

Canadian dollar has conceded some gains against US dollar on Wednesday, as the pair bounced higher after crude oil inventories data which showed a rise in weekly U.S crude inventories, fueled more bearish sentiment about...

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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...

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...

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...

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,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

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...

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

Elon Musk in Beijing to Propel Tesla's Self-Driving Tech in China

Tesla CEO Elon Musk unexpectedly visited Beijing on Sunday to discuss launching Teslas Full Self-Driving technology in China and navigate data transfer policies amidst heightened US-China trade collaborations. Elon Musk...

Bitcoin Miners See Sharp Drop in Fee Revenue Following Halving Event

Following the recent Bitcoin halving, transaction fees, which once soared, now represent just 35% of miner revenue, significantly impacting their earnings amidst stable network conditions. Bitcoin Halving Sees Miner...

Adidas and Stepn Unveil NFT Sneakers in Trailblazing Web3 Partnership

Adidas has partnered with the Solana-based fitness app Stepn to launch an exclusive NFT sneaker collection, signaling the sports giants further dive into the Web3 space. Adidas Steps Into Web3 with Stepn Collaboration,...

Samsung's Lee Jae-Yong Forges Strategic AI Chip Production Alliance With ZEISS

Lee Jae-yong, Chairman of Samsung Electronics, has deepened ties with ZEISS in Germany to propel the company into a leadership position within the AI chip sector. Strengthening Samsungs Chip Production with...

Shiba Inu Issues Alert: TREAT Token Scams Surge Amid Blockchain Upgrades

The Shiba Inu community is on alert as scammers capitalize on the anticipated release of the TREAT token, which is leading to misinformation and fraudulent claims. Shibarmy Scam Alerts warns investors to verify sources as...