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Fri, May 03, 2024 07:44 AM All times are UTC

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FxWirePro: EUR/AUD capped below 20-DMA, good to go long on break above

Jan 30, 2017 08:08 am UTC| Technicals

EUR/AUD rejected at session highs at 1.4216, slips lower to currently trade at 1.4176. The pair finds major resistance at 1.4236 (20-DMA), break above could see extension of upside. Technical studies are biased...

S&P500:161.8% retracement and Bearish Divergence

Jan 30, 2017 07:35 am UTC| Technicals

Major resistance 2306 (161.8% retracement of 2277.8 and 2232.4). Major support 2256 (Jan 23rd 2017 low) Pattern formed Bearish Divergence (RSI and MACD) SP500 has shown a slight decline after forming top...

FxWirePro:GBP/USD downside capped by 23.6% fibo, good to sell on rallies

Jan 30, 2017 07:34 am UTC| Technicals

Major support 1.25113 (23.6% retracement of 1.19860 and 1.26736). Major resistance -1.2680 Cable retreats after making a temporary around 1.2675 and declined sharply from that level. The pair reached till...

FxWirePro: USD/ZAR trades in narrow range, faces strong resistance at 13.59

Jan 30, 2017 06:52 am UTC| Technicals

USD/ZAR is currently trading around 13.48 levels. It made intraday high at 13.49 and low at 13.42 levels. Intraday bias remains neutral for the moment. A daily close above 13.45 will take the parity...

FxWirePro: AUD/USD continues declines after major trendline rejection, stay short

Jan 30, 2017 06:47 am UTC| Technicals

AUD/USD hovers around 5-DMA at 0.7555, intraday bias remains bearish. The pair is set to continue decline after rejection at major trendline at 0.76 on Jan 24. Rollover of Stochs from overbought zone with...

FxWirePro: USD/JPY struggles at 50-DMA amid wide spread risk-off, BOJ in focus

Jan 30, 2017 06:29 am UTC| Technicals

Technical Analysis: USD/JPY struggles to extend gains above 50-DMA currently at 115.03. Risk-off across markets fuel yen demand keeping the pair subdued. Stiff resistance on the upside, price action capped within...

FxWirePro: Gold takes support near 50- day MA, good to buy on dips

Jan 30, 2017 06:12 am UTC| Technicals

Major support - $1187 (21- day MA) Major resistance - $1220 (100- day EMA) The yellow metal inched higher on Friday after declining till $1180 level after weaker than expected U.S GDP data. It is currently...

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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

Shiba Inu (SHIB) Team Insider Unravels Key Burn Mystery: Exclusive Details

In a revealing discussion, Lucie, a member of the Shiba Inu team, sheds light on the enigmatic key burns orchestrated by the projects founder, Ryoshi. Lucies insights, shared in response to community inquiries, clarify the...

World's Largest Electric Container Ship Sets Sail with 50,000 kWh Battery Power

COSCO Shipping, a Chinese state-owned firm, has unveiled what it calls the worlds largest river-to-sea electric container vessel. The Green Water 01 is a 10,000-ton+ electric vessel that sets a new standard for...

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...