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Wed, May 08, 2024 04:23 AM All times are UTC

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USD/PHP dribbles lower on inflows, stock gains

Mar 02, 2015 07:19 am UTC| Technicals

USD/PHP opens bid but mixed trades seen Portfolio inflows, stocks profits restrict early spike Pair traded 44.11-17 range, last between 44.11-13 range NDFs off morning highs to 44.11-44.16 too, PSEi...

USD/IDR supported by lower CPI

Mar 02, 2015 07:18 am UTC| Technicals

USD/IDR lower but below forecast CPI should support pair Expect buying interest ahead of 12950 USD/IDR falls to 12970 low last, checked by intervention at 13000 high Pair last 12960-970, NDFs stays...

Nikkei closes up small, USD/JPY declined pre-120.00

Mar 02, 2015 06:16 am UTC| Technicals

Nikkei close 18,826.88 +28.94 points, fresh trend/15-year high 18,939.17. Nikkei grind further higher on Japanese portfolio shifts. USD/JPY tests up earlier but is restricted at 119.95, offers heavy...

USD/THB remains heavy with inflows

Mar 02, 2015 06:08 am UTC| Technicals

USD/THB continues to remain heavy, ignoring bullish bias in pairs in Asia Bond inflows and exporters sales weigh on pair BOT policy rates comment support economy and lifts THB USD/THB last 32.34-36, SET ...

NZD/USD struggles less versus AUD

Mar 02, 2015 05:06 am UTC| Technicals

NZD struggles to boost c0.7525/30 Unable to hold post PBOCrate cut gains Fears verifies USD remained bid DXY made new post Sept 2003 high AUD/NZD heavy ahead of RBA meeting and help NZD...

USD/SGD finds support at 1.3630

Mar 02, 2015 04:52 am UTC| Technicals

USD/SGD off highs on profit taking, follows lower USD/CNH USD/CNH backs away to 6.2875 last, after 6.3014 early high USD/SGD last 1.3640-45, traded 1.3627-57 range so far Bids at 1.3630 supports...

AUD/USD pressured ahead of RBA rate meeting

Mar 02, 2015 04:29 am UTC| Technicals

AUD/USD sees very limited bounce, trades near its lows Focus on tomorrows RBA meeting where probability of rate cut stand at 58% AUD pressured and is down hard against the field today Chinas PBOC cut adds...

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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

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...

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...

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

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...

Hong Kong Central Bank Leads Initiative to Explore Asset Tokenization Advancements

The Hong Kong Monetary Authority (HKMA) has spearheaded the formation of a specialized community to explore asset tokenization. Partnering with various industry players and regulators, this initiative seeks to drive...

Shiba Inu Lead Shytoshi Kusama Unveils Mysterious 'Evita' Teaser, Sparking Frenzy

Shytoshi Kusama, the elusive figure at the helm of the renowned cryptocurrency Shiba Inu (SHIB), has set tongues wagging with a cryptic teaser shared across social media platforms. The enigmatic message features the word...

Amazon Opens Online Shopping for South African Customers

Amazon has finally arrived in South Africa. With its launch in the region, Jeff Bezos e-commerce platform is expected to compete with the leading local online shopping player, Takealot.com. The American e-commerce giant...

Apple Embarks on AI Chip Development for Data Center Capabilities

Apple Inc. is set to transform the tech landscape with its newly developed AI chip, tailored specifically for data center operations. Dubbed Project ACDC, this initiative marks a significant leap in server technology,...