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FxWirePro: USD/JPY maintains bullish bias with focus on 115.00 levels

Jan 26, 2017 19:18 pm UTC| Technicals

USD/JPY rose on Thursday as dollar demand improved with higher global bond yields and stable stock markets. The U.S. dollar rebounded after its worst run since August as investors refocused on the chances of higher...

FxWirePro: EUR/USD dips below lower range, bearish bias increases

Jan 26, 2017 15:52 pm UTC| Technicals

The EUR /USD pair declined on Thursday as the dollar retreated as investors refocused on the chances of higher U.S. inflation and growth. Investor appetite for dollar improved with higher global bond yields and stable...

FxWirePro: USD/CHF faces strong support at 0.99575, break below confirms further weakness

Jan 26, 2017 12:24 pm UTC| Technicals

Major support 0.99575 (38.2% retracement of 0.95493 and 1.03436) Major resistance 1.0042 (10- day MA) USD/CHF has formed a bottom near 0.9960 and any slight weakness can be seen only below that level. It is...

CAD/JPY Trade idea

Jan 26, 2017 11:58 am UTC| Technicals

Major resistance 87.20 (200- 4H MA and also 61.8% retracement of 88.66 and 84.80). Major support 86.27 (200 H MA) CAD/JPY breaks major trend line resistance at 86.60 and jumped sharply from that level. It is...

FxWirePro: 4-pivot points hamper momentum in Cable rallies; interim bulls seem vulnerable despite 3-months prolonged consolidation phase on struggling momentum

Jan 26, 2017 10:55 am UTC| Technicals

On daily charts, the bears manage to break pull back the rallies at stiff resistances of 1.2674, 1.2775, 1.2798 and 1.2866 (pivot points); the current prices remain well above DMAs with bullish crossover. The price...

FxWirePro:EUR/USD trades below trend line support, dip till 1.06579 likely

Jan 26, 2017 10:24 am UTC| Technicals

Major resistance 1.0815 (161.8%retraceemnt of 1.07196 and 1.05891). EUR/USD has broken major trend line support at 1.07400 and closed slightly below that level in the hourly chart. It is currently trading around...

FxWirePro:USD/CAD forms Bullish BAT Pattern, good to buy on dips

Jan 26, 2017 09:52 am UTC| Technicals

Pattern Formed Bullish Bat pattern Potential Reversal Zone -1.3000 The pair has formed Bullish BAT Pattern in the hourly chart and any slight weakness can be seen only below 1.3000 level. Loonie made a low...

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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

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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

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

Kakao Enhances AI Focus, Merges Kakao Brain Into Core Operations

South Koreas Kakao Corporation finally decided to absorb Kakao Brains AI unit. The tech and internet giant is taking over its AI research and development (RD) business, which will include all of the departments staff and...

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...

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...
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