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Sun, May 05, 2024 02:47 PM All times are UTC

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FxWirePro: EUR/KRW stabilizes above 1,250 mark, faces strong resistance at 1,262

Dec 23, 2016 01:45 am UTC| Technicals

EUR/KRW is currently trading around 1,255 mark. Pair made intraday high at 1,256 and low at 1,252 levels. Intraday bias remains bullish till the time pair holds key support at 1,242 mark. A sustained close...

FxWirePro: USD/KRW remains well supported above 1,200 mark, sustained close above 1,206 targets 1,220

Dec 23, 2016 01:21 am UTC| Technicals

USD/KRW is currently trading around 1,203 levels. It made intraday high at 1,203 and low at 1,201 marks. Intraday bias remains neutral till the time pair holds key support at 1,195 levels. A daily close...

FxWirePro: GBP/USD Trade Idea

Dec 22, 2016 12:32 pm UTC| Technicals

Major resistance 1.2380 (trend lien joining 1.24270 and 1.23903). Major support 1.2300 (Nov 18th 2016 low) Cable has made a low of 1.2324 on Dec 21st 2016 and slightly recovered from that level. The pair jumped...

FxWirePro: Sell GBP/USD below 1.23000

Dec 22, 2016 12:30 pm UTC| Technicals

Major resistance 1.2380 (trend lien joining 1.24270 and 1.23903) Major support 1.2300 (Nov 18th 2016 low) Cable has made a low of 1.2324 on Dec 21st 2016 and slightly recovered from that level. The pair jumped...

FxWirePro: EUR/GBP breaks above 20-DMA, good to go long on close above

Dec 22, 2016 10:06 am UTC| Technicals

EUR/GBP breaks above 20-DMA at 0.8434, momentum indicators are biased higher. The pair finds strong support by 200-DMA at 0.8320, violation at 200-DMA could see drag upto 0.8078 (50% Fib of 0.6930 to 0.9225...

FxWirePro:CAD/JPY struggles to close above 88, good to sell on rallies

Dec 22, 2016 09:18 am UTC| Technicals

Major resistance -88 Major support 87.40 (trend line joining 86.96 and 87.35). CAD/JPY declined from the temporary top made at 88.92 till 86.96 on 19th Dec 2016. The pair jumped till 88.27 from the bottom of...

FxWirePro: Obtain bullish conformity in WTI crude upon formation of run-away gap after break-away gap – Add longs as more rallies likely

Dec 22, 2016 07:56 am UTC| Technicals

the breakaway gap has been occurred at 46.27 - The bulls interests intensified since then with bullish DMA crossover. For now, the run-away gap is occurred at 53.13 levels, although momentum seems to have been reduced...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

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...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

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...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

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...

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...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

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,...

Technology

Stablecoins Set to Overtake Visa, Ripple CEO Affirms XRP and ETH Not Securities

Stablecoins are poised to challenge Visas dominance in payment volume, marking a significant shift in the crypto landscape. Meanwhile, Ripple CEO Brad Garlinghouse asserts that XRP and Ethereum (ETH) are not securities,...

Justin Sun Dominates Swell L2 with 46% of Deposits in eETH

Justin Sun, founder of Tron, has again surged into the limelight, this time for his colossal cryptocurrency deposits. The crypto tycoon, utilizing the pseudonymous address 0x7a9…3095, recently funneled a staggering...

Leaked: New Huawei Luxeed SUV Images Fuel Anticipation for Tech Upgrades

Recently leaked photos allegedly showcasing the Huawei Luxeed SUV have ignited speculation over the vehicles advanced features and smart technology, potentially setting a new benchmark in the automotive...

Bitfinex CTO Deems Database Breach Claims 'Fake' Amidst Hacker Allegations

Bitfinexs Chief Technology Officer Paolo Ardoino has cast doubts on claims of a database breach by hacker organization FSOCIETY, branding the allegations as fake. Ardoino refuted the purported leak of 22,500 user emails...

Walmart Spotted with Tesla Semi in California as True Launch Date Revealed

Walmarts adoption of a Tesla Semi hit the California highways, signaling the electric trucks expanding reach. The sighting follows Teslas revelation of a late 2025 and early 2026 launch window for the highly anticipated...