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FxWirePro: EUR/USD resumes downside after German inflation data

Jan 30, 2017 15:07 pm UTC| Technicals

The EUR /USD pair declined on Monday after German inflation data came in slightly weaker than expected, which took some pressure off the European Central Bank to wind down its stimulus programme. The latest figures...

FxWirePro: USD/CAD bulls bounce back above double top neckline but restrained below 7DMA, heaps of bearish patterns in major trend

Jan 30, 2017 12:36 pm UTC| Technicals

As stated in our previous write up, bearish rout has gone below strong support zone of 1.3280 levels. For now, the prices bounced back at thedouble top neckline but restrained at 7DMA, short rallies as bullish momentum...

FxWirePro: GBP/CAD Trade Idea

Jan 30, 2017 12:17 pm UTC| Technicals

Major resistance 1.6530 (trend line joining 1.66270 and 1.65845). Major support 1.6400 (Jan 24th 2017 low). GBP/CAD shown a steady recovery from the low of 1.57360 made on Jan 16th 2017. The pair jumped till...

FxWirePro:GBP/CAD Trade Idea

Jan 30, 2017 11:49 am UTC| Technicals

FxWirePro:DAX30 forms shooting star in the daily chart , good to sell on rallies

Jan 30, 2017 11:35 am UTC| Technicals

Candlestick pattern- Shooting star. Major support 11400 DAX30 formed a top around 11892 on Jan 26th 2017 and started to decline from that level. It is currently trading around 11725. In the daily chart the...

FxWirePro:FTSE100 breaks major support 7130,slight decline till 7000 likely

Jan 30, 2017 11:29 am UTC| Technicals

Major support 7130 (resistance turned into support). Major resistance 7210 (10- day MA). FTSE100 breaks major support at 7130 and declined till 7116 at the time of writing. It is currently trading around...

FxWirePro: USD/TRY stabilizes above 3.86 mark, bias remains bullish

Jan 30, 2017 08:25 am UTC| Technicals

USD/TRY is currently trading at 3.8640 levels. It made intraday high at 3.8797 and low at 3.8446 levels. Intraday bias remains bullish for the moment. Key resistances are seen at 3.9106, 3.9438, 3.9618,...

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Economy

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...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

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...

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...

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...

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...

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...

Technology

Tesla Drivers Get $4k Off 2024 Chevy Blazer EV; Costco Auto Slashes Prices on New EVs

Tesla owners rejoice as Chevrolet rolls out an unprecedented $4,000 discount on the 2024 Blazer EV, open to Tesla drivers and a quirky list of EV owners. The electric vehicle market got more enticing with incentives...

Tesla Granted South Korean Emission Credit Trading Rights by Environmental Ministry

Ministry of Environments green light for Tesla to trade emission credits in South Korea marks a significant milestone, enabling the electric car giant to tap into a potentially lucrative market. With estimated credits...

US Lawmakers Push SEC for Bitcoin Options Trading Approval

In a bipartisan effort, US Representatives Mike Flood and Wiley Nickel have penned a letter to SEC Chair Gary Gensler, urging swift action in approving options trading for Bitcoin exchange-traded products (ETPs). Amid...

Solana's Future Anchored in Four Key Pillars, Developer Outlines Strategy

Vibhu Norby, CEO of Drip Haus, has outlined four essential pillars to define Solanas path forward amid a dynamic period of growth and challenges in the blockchain space. Key Strategies for Solanas Scaling and User...

Shiba Inu Magazine Details Upcoming Shibarium Hard Fork Enhancements

Shiba Inu (SHIB) lovers will get a full description of the highly anticipated Shibarium hard fork in the most recent issue of The Shib magazine. On International Workers Day, the magazine begins with a rallying cry for the...