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FxWirePro: AUD/JPY capped below 5-DMA at 85.75, intraday bias lower

Dec 21, 2016 04:11 am UTC| Technicals

AUD/JPY has closed last weeks trade with a gravestone Doji formation. Technical studies have turned slightly bearish, the pair now capped below 5-DMA at 85.74. RSI and Stochs have rolled over from overbought zone...

ASX200 breaks major resistance 5625, targets 5750

Dec 21, 2016 03:47 am UTC| Technicals

Major resistance - 5625 (Oct 11th 100- day MA). ASX200 breaks major resistance at 5625 and jumped till 5637 at the time of writing. It is currently trading around 5628 0.20% higher Australian index should close below...

FxWirePro: USD/JPY breaks 1H 100-SMA support, good to short rallies

Dec 21, 2016 03:32 am UTC| Technicals

Bank of Japan held rates as widely expected and Governor Kuroda in the statement that followed said that the policy switch to yield curve control is working well. The Japanese cabinet office also upgraded its view of...

FxWirePro: Thai baht marginally lower against U.S. dollar, bias remains neutral

Dec 21, 2016 03:06 am UTC| Technicals

USD/THB is currently trading around 36.00 marks. It made intraday high at 36.08 and low at 35.98 marks. Intraday bias remains neutral for the moment. On the top side key resistances are seen at 36.08, 36.39...

FxWirePro:Nikkei hits fresh year high, good to buy on dips

Dec 21, 2016 02:58 am UTC| Technicals

Nikkei225 hits fresh year high at 19653 yesterday after BOJ monetary policy meeting and is currently trading around 19510 0.30% lower. BOJ kept its interest rates unchanged and raised its economic outlook the first time...

FxWirePro: USD/TWD hovers around 32.00 mark, consistent close above targets 32.32

Dec 21, 2016 02:31 am UTC| Technicals

USD/TWD is currently trading around 32.01 marks. It made intraday high at 32.14 and low at 31.93 marks. Intraday bias remains slightly bullish for the moment. A daily close above 32.00 will drag the parity...

FxWirePro: NZD/USD extends gains from 6-month lows, Kiwi ignores drop in GDT index

Dec 21, 2016 02:27 am UTC| Technicals

NZD/USD halts 5 consecutive sessions of downside, corrects higher from 6-month lows. 0.5% drop in GDT index had muted reaction on the Kiwi, NZD/USD up 0.35% at the time of writing. The GDT index posts first...

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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

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...

Altcoin Market Rally Predicted, Analysts Forecast $4 Trillion Market Cap Surge

Analysts are predicting a substantial rally in the altcoin market, with projections indicating a surge that could drive the market cap to an impressive $4 trillion. This optimistic outlook is supported by positive economic...

Shiba Inu's Remarkable 12% Surge Fueled by Record SHIB Burns, Community Momentum

Shiba Inus ascent reaches new heights as the cryptocurrency experiences a remarkable 12% surge, fueled by record-breaking SHIB burns. The surge reflects robust community engagement and underscores the dynamic nature of the...

Leak: Huawei's Kirin PC Chip, Qingyun Notebooks to Launch Next Month

Leaked information hinting at the imminent debut of the highly anticipated Kirin PC chip alongside the release of new Qingyun notebooks. The introduction of this computer-dedicated CPU marks a significant milestone for...