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Sun, Apr 28, 2024 12:15 PM All times are UTC

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Zero-cost-collars for bullion market bulls

Jun 11, 2015 11:33 am UTC| Insights & Views

The turbulent bullion market seems to be quite controlled in European session.Bulls looking to capture the swings on the eve of expectation surrounding over good set of US retail activity backed by recent surge in auto...

Gold lingering as dollar gains ahead of US retail activity data

Jun 11, 2015 10:52 am UTC| Insights & Views

The US dollar index was up about 0.45% to 95.02 earlier today.As a result, Gold futures for August delivery dropped $3.30 or 0.28 in percentage terms, to trade at $1182.20 a troy ounce during earlier European session.The...

Can Australia keep employing its people?

Jun 11, 2015 10:30 am UTC| Insights & Views

Today Australia released unemployment report that showed further improvement took place in May. Full time employment rose by 147,000 and part time employment rose by 273,000, which pushed unemployment rate lower to 6.1%...

Confront NZD/USD’s steep declines with Calendar Spreads

Jun 11, 2015 09:04 am UTC| Insights & Views

Unexpected and inevitably imposed OCR rate cut by RBNZ are adding fuel to bearish momentum on NZD/USD fluctuation.However, near term crucial support is seen at 0.6817 levels if further dips below 0.700 levels on closing...

Risk Bank still likely to reduce rates in spite of inflation comeback

Jun 11, 2015 08:46 am UTC| Insights & Views

Swedish Krona is cheering higher today as report showed that inflation returned in May. However it is too early to say the deflationary pressure have subsided. Prices dropped by -0.2% y/y in April after positive inflation...

Trade through long binary calls but keep tight hedge

Jun 11, 2015 08:14 am UTC| Insights & Views

On a daily technical chart we get a sense of feel that this currency cross is overreacting the recently publicized Australian jobless data.On the flip side, The RBNZ early APAC trading session cut its Official Cash Rate by...

Three weeks to deadline, Greece faces bank run

Jun 11, 2015 07:55 am UTC| Insights & Views

With three weeks to go before deadline looms to make the IMF payment and to reach a deal with European creditors, Greeks are preferring to keep the cash in pocket in case capital restriction need to be imposed on...

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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

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...

Ethereum Surges 6%, Outshines Bitcoin as Consensys Sues SEC Over Security Status

Ethereums price has surged by over 6% to $3,320, outperforming Bitcoin amidst ongoing legal challenges. Consensys, backing Ethereum, has initiated a lawsuit against the SEC, contesting its attempt to classify ETH as a...

DOJ Counters Dismissal Bid in Tornado Cash Co-founder's Legal Battle

In a recent legal development, the DOJ firmly opposed a motion to dismiss charges against Roman Semenov, co-founder of Tornado Cash, highlighting potential jury issues over the crypto mixers operations and sanction...

Shiba Inu on Edge: 69 Trillion Coins Test Market's Resolve as Prices Wobble

Shiba Inu (SHIB) confronts a critical juncture as its price teeters, driven by a broader market downturn and intense scrutiny over its ability to maintain crucial support levels amid a 69 trillion SHIB battle. Shiba Inu...