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Wed, Jun 26, 2024 03:29 PM All times are UTC

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FxWirePro: USD/ZAR hovers around 13.50 mark, sustained close above requires for upside rally

Jul 12, 2018 08:06 am UTC| Technicals

USD/ZAR is currently trading around 13.50 levels. It made intraday high at 13.57 and low at 13.47 levels. Intraday bias remains bullish till the time pair holds key support at 13.25 marks. A daily close...

FxWirePro: CAD/JPY trades higher on hawkish rate hike by BOC, good to buy on dips

Jul 12, 2018 07:48 am UTC| Technicals

CAD/JPY was trading higher continuously for past 11 trading days. The pair jumped nearly 300 pips from the low of 82.21.Bank of Canada (BOC) hiked rates higher by 25bpbs for fourth time since last summer amid trade...

Digital Currency Revolution

FxWirePro: BTC/USD breaches 4h cloud support, stay short

Jul 12, 2018 07:21 am UTC| Digital Currency Technicals

BTC/USD is trading lower on Thursday as it broke below 4h cloud support. It is currently trading at 6192 levels at the time of writing (Bitstamp). On the upside, the pair would face resistance at 6407 (4h 100-SMA) and a...

FxWirePro: AUD/CAD reverses dip, CAD ignores BoC rate hike and hawkish policy statement

Jul 12, 2018 07:01 am UTC| Technicals

AUD/CAD fades dips post BoC policy announcement, trades 0.20% higher on the day. BoCs rate hike decision and its relatively hawkish tone in the policy statement initially buoyed the Canadian dollar. AUD/CAD...

FxWirePro: USD/CNY jumps above 6.70 mark, PBOC sets yuan mid-point at 6.6726

Jul 12, 2018 06:49 am UTC| Technicals

USD/CNY is currently trading around 6.6895 marks. It made intraday high at 6.7020 and low at 6.6763 levels. Intraday bias remains bullish for the moment. A sustained close above 6.6801 marks will test key...

FxWirePro: GBP/JPY trades above 148 level on weak yen, jump till 150 likely

Jul 12, 2018 06:24 am UTC| Technicals

GBP/JPY has jumped sharply more than 130 pips yesterday on account of weak yen. The yen was trading weak especially against US dollar.GBP is continuing its weakness for third consecutive days on Brexit uncertainty. The...

FxWirePro: Indian rupee rises against U.S. dollar ahead of industrial output, manufacturing output data

Jul 12, 2018 06:08 am UTC| Technicals

USD/INR is currently trading around 68.55 marks. It made intraday high at 68.80 and low at 68.46 marks. Intraday bias remains slightly bearish for the moment. Key resistances are seen at 68.99, 69.18, 69.52...

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Economy

Space arms race may be underway

As conflict rages on Earth, an arms race may be underway in outer space. On May 30, a US diplomat warned that Russia had launched a weapon into orbit, something Russias deputy foreign minister, Sergey Ryabkov, branded as...

Mauritius’ next growth phase: a new plan is needed as the tax haven era fades

Mauritians will head to the polls by November 2024 and politicians are considering the economic direction of the island country. For the last two decades, the countrys economic growth has depended heavily on its...

Canadians are feeling increasingly powerless amid economic struggles and rising inequality

If you feel like youre being pushed around in life, youre not alone. Our recent research has found that Canadians are increasingly feeling a sense of powerlessness in their lives. This sentiment has been steadily...

Myth: How the US manipulates global markets for economic supremacy

US president, Joe Biden, raised tariffs on Chinese-made goods sharply in May, claiming that the Chinese government has cheated by pouring money into Chinese companies … hurting competitors who play by the rules. The...

The world no longer needs fossil fuels – and the UK could lead the way in making them taboo

North Sea oil and gas has become a battleground issue in the UK general election. The Labour partys manifesto promises an end to issuing new licenses for finding oil and gas. The Conservative party meanwhile proposes a...

Politics

Microsoft-G42 Deal Forces Huawei Exit, White House Hails Move

The White House praised Microsofts $1.5 billion investment in G42, emphasizing the positive impact of ending relations with Huawei on AI security. White House Sees Positive Shift in UAE Tech Alliances According to...

Three ways politicians always promise to raise money without increasing taxes – and why they rarely deliver

After weeks of controversy over Labour and Conservative costings in which each side accused the other of dishonesty the manifestos show that both parties had wildly exaggerated their rivals plans. But there has been...

Election 2024: migrants aren’t to blame for Britain’s housing crisis

Migration has become the most toxic issue in British politics, driving intensely emotional debates that are often based on prejudice and misunderstanding. Similarly emotional is housing a finite resource in high demand at...

How Vladimir Putin projects his image as a modern-day Peter the Great

Russian energy giant Gazprom is reported to have been hit particularly hard by sanctions imposed as a result of the war with Ukraine. An internal report obtained and published by the Financial Times has forecast that the...

Another election, another round of Nigel Farage hype, with no lessons learned

Nigel Farage, a man who has never been elected to the House of Commons despite years of trying, has again been allowed to set the agenda in the UK. Ten years after Ukip won the European parliament elections, throwing...

Science

Nations realise they need to take risks or lose the race to the Moon

The Nasa-led Artemis-3 mission will place the first human boots on the surface of the Moon since Apollo 17s Gene Cernan and Harrison Schmitt left the lunar surface in December 1972. The goal of the Artemis programme is...

Eye exercises to improve sight – is there any science behind them? An ophthalmologist explains why you shouldn’t buy the hype

You may have seen advertisements claiming to eliminate the need for eyeglasses through vision therapy or vision training basically, eye exercises. These exercises include putting pressure on or palming the eye; eye...

The universe’s biggest explosions made some of the elements we are composed of. But there’s another mystery source out there

After its birth in the Big Bang, the universe consisted mainly of hydrogen and a few helium atoms. These are the lightest elements in the periodic table. More-or-less all elements heavier than helium were produced in the...

Engineering cells to broadcast their behavior can help scientists study their inner workings

Waves are ubiquitous in nature and technology. Whether its the rise and fall of ocean tides or the swinging of a clocks pendulum, the predictable rhythms of waves create a signal that is easy to track and distinguish from...

If an asteroid hit Earth and all the humans died, would the dinosaurs come back?

Many, many years ago dinosaurs roamed the Earth. Six-year-old Aga knows that a meteorite wiped them out… but could another meteorite bring them back? You can read a print version of this story...

Technology

Samsung Tests Galaxy S25 with MediaTek Chipset Amid Rising Qualcomm SoC Prices

Samsung is testing its upcoming Galaxy S25 series with a MediaTek chipset, seeking alternatives to the Snapdragon 8 Gen 4 due to high costs and production issues with the Exynos 2500. This move aims to maintain performance...

Binance Delists Shiba Inu, Chainlink, and Five More Cryptos Due to Market Conditions

On June 26, Binance, the worlds largest cryptocurrency exchange, announced the delisting of Shiba Inu, Chainlink, and five other crypto assets, effective June 28. The move is due to declining trading volumes and aims to...

PancakeSwap Unveils AI-Powered Ether Prediction Market on Arbitrum with Allora

PancakeSwap has launched an AI-powered Prediction Market on Arbitrum, allowing users to forecast Ether price fluctuations with data supplied by Allora Networks machine-learning capabilities. PancakeSwap Teams Up with...

Huawei Invests $1.66 Billion in R&D to Develop Advanced Chipmaking Tools

Huawei has invested $1.66 billion in a new RD facility near Shanghai to develop advanced chipmaking tools. This effort aims to achieve self-sufficiency amid U.S. trade restrictions, highlighting Huaweis innovation and...

Why Shiba Inu Price is Surging Today: Key Factors Behind the Rally

The price of Shiba Inu Coin surged by nearly 3% today, reflecting a significant rally in the cryptocurrency market. In line with the general upturn in the cryptocurrency market, the price of Shiba Inu Coin surged by...