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Wed, May 08, 2024 11:50 AM All times are UTC

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AUD/USD bias remains with the bears

Mar 02, 2015 09:47 am UTC| Technicals

Pairs move to 0.7850 stopped out the short trade at entry level in Asia Bias remains with the bears, offer at overnight highs Trend indicators show scope for a further sell-off Target 0.7627 lows from Feb...

USD/CAD looks to get long at 1.2430

Mar 02, 2015 08:32 am UTC| Technicals

Traders look to get long at 1.2430 for gains to 1.2600 and beyond Support seen between 1.2353/1.2388; February 3/26 lows A daily close below 1.2286 - 23.6% of 1.0620 to 1.2800...

USD/MYR returns above 3.6300

Mar 02, 2015 08:19 am UTC| Technicals

USD/MYR on the rise, follows renewed buying in NDFs Firm close above 3.63 today to see fresh spike towards 3.65 break Outflows from local debts pile on bearish MYR outlook USD/MYR last 3.6320-40, NDFs ...

EUR/USD barriers expected on 1.10 handle

Mar 02, 2015 07:51 am UTC| Technicals

EUR/USD caught in low of recent ranges weighed by bearish technicals Expect buying ahead 1.1100 corporate and speculator profit-taking 1.1150 1.1100 traded Jan 26, then 1 month 1.1150/00s seem unexpected...

EUR/SEK bids small but tight

Mar 02, 2015 07:49 am UTC| Technicals

Pair seems to be working off the extras of the sharp fall last week Swedish Feb manufacturing PMI softer than expected at 53.3, 55.00 market, 55.1 previous EUR/SEKlost nearly 4% for the 11-day run to...

USD/CHF breaks pivotal resistance region

Mar 02, 2015 07:44 am UTC| Technicals

Tight 0.9565 long stop came very close overnight, somewhat easier now intraday 0.9545-54 region broke, sustained breakout will change bias Close above 0.9565 a reversal buy with 1.00 target Rising 10 DMA...

USD/JPY bid raised as bias stays on upside

Mar 02, 2015 07:42 am UTC| Technicals

Pairs scope is on the upside for gains to 120.00 and beyond Market trades further above the daily cloud between 117.75-118.66 range Traders look to get long at 119.35 ahead of the tenkan line Tenkan line...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

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...

Politics

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

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...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

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...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

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,...

Technology

NFL, NBA, NASCAR Stars Resolve $2.4M Voyager Promo Lawsuit

NFL icon Rob Gronkowski, NBA player Victor Oladipo, and NASCAR driver Landon Cassill have collectively agreed to a $2.4 million settlement in a lawsuit concerning their roles in promoting the now-defunct cryptocurrency...

Grayscale's Ethereum ETF Twist: Withdraws Application Days Before SEC Verdict

In a dramatic turn of events, Grayscale shocked the cryptocurrency community by retracting its application for an Ethereum futures exchange-traded fund just days before the SECs looming decision deadline. This cast doubt...

Tesla Cybertruck Incident: Owner's Finger Injury Raises Safety Alarms

In a risky demonstration gone wrong, a Cybertruck owners attempt to prove its safety features backfired, resulting in a finger injury and stirring debates about the vehicles design and safety algorithms. Unexpected...

US Revokes Intel, Qualcomm Licenses Amidst Chip Sales Restrictions on Huawei

In a significant escalation of trade restrictions, the United States has revoked licenses from leading semiconductor manufacturers Intel Corp. and Qualcomm Inc., obstructing Huawei Technologies Co.s access to vital chip...

Binance CEO Discloses $150 Million Bribe Amidst Tensions with Nigerian Government

Binance, the renowned cryptocurrency exchange, disclosed that Nigerian government authorities demanded a staggering $150 million in bribes to quell legal actions against its executives, igniting a fierce dispute between...