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FxWirePro: Sell GBP/JPY around 187.60 with SL around 188.25 for the TP of 185.70/185

Nov 18, 2015 03:17 am UTC| Technicals

Potential Reversal Zone (PRZ) -188.25 GBP/JPY has made a high of 187.98 and retreated from that level. It is currently trading at 187.55. Overall trend reversal can happen only above 188. Any trade above 188.25 will...

FxWirePro: USD/CAD key support at 1.3265, buy deals are recommended above 1.3300

Nov 17, 2015 19:09 pm UTC| Technicals

USD/CAD made a short squeeze towards 1.3329 in the early US session after US Core CPI figures was released, however gains were limited as the pair has turned back around to trade near 1.3294 support level. The pair is set...

FxWirePro: EUR/USD key resistance at 1.0689, downside prevail in the short term

Nov 17, 2015 14:52 pm UTC| Technicals

EUR /USD pair inched towards 1.0680 levels in European session after German ZEW Economic Sentiment posted better than expected figures. However, the has pair failed to break above resistance level located at 1.0688 and is...

FxWirePro: USD/JPY key support at 122.80, bullish in the short term

Nov 17, 2015 14:03 pm UTC| Technicals

USD/JPY pair has edged higher sharply towards 123.37 levels after US Core CPI came in line economists expectations. Currently the pair is making an attempt to break resistance at 123.40 and reach higher levels. The pair...

FxWirePro: USD/CHF key support at 1.0057, bullish in the short term

Nov 17, 2015 13:44 pm UTC| Technicals

The USD/CHF has bounced back towards 0.9136 levels, after failing to break below 1.0057 support level. The pair has been trading in bullish trend off late and it is set to continue advancing further. As long as the...

FxWirePro: Brent might drop towards $38/barrel area

Nov 17, 2015 13:17 pm UTC| Technicals

Gains over Paris attack and increased bombing raid might prove limited in crude oil as supply surplus remains too large. Brent, global benchmark of North Sea, might soon resume its downtrend. According to latest...

GBP/CAD Trade Idea

Nov 17, 2015 12:12 pm UTC| Technicals

Pattern formed -Triple Top Potential Reversal Zone (PRZ)- 2.033 GBP/CAD has once again retreated after making a high of 2.0325 level. It is currently trading around 2.02390. UK Core CPI( Y-O-Y) is at +1.1%...

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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

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...

Io.net Tightens Security After GPU Metadata Breach, Plans Live Recovery Demo

In response to a recent SQL injection attack targeting GPU metadata, Io.nets chief security officer, Husky.io, announced rigorous new security measures and a planned webcast to demonstrate live system recovery. This...

Tesla Debuts Enhanced Autopilot in China for Just $98 Monthly

Tesla has officially launched Enhanced Autopilot subscriptions in China, offering features like auto-steering and auto-lane change. Marking a strategic step in Teslas global tech deployment. Teslas Pricing Strategy:...

Nate Geraci Highlights Correlation Between Bitcoin and ETF Performance

Nate Geraci, president of The ETF Store, emphasized the strong linkage between Bitcoins market movements and the performance of Bitcoin ETFs. This correlation is evident as shifts in Bitcoins price significantly influence...

Google Cloud Launches Web3 Portal, Stirring Mixed Reactions in Crypto Community

Google Cloud has unveiled a new Web3 portal featuring blockchain development tools, testnets, and educational resources, sparking diverse reactions across the cryptocurrency industry. While some praise the initiative as a...