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Sun, May 05, 2024 01:10 PM All times are UTC

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FxWirePro: USD/JPY hovers around 5-DMA support at 117, break below to target 116

Dec 19, 2016 07:36 am UTC| Technicals

USD/JPY extends downside for 2 consecutive day. Intraday bias lower. The pair is just holding support by 5-DMA at 117.07. Break below will see further drag. We see scope for test of trendline support at 116....

FxWirePro: USD/CAD forms Bullish engulfing pattern, good to buy on dips

Dec 19, 2016 07:19 am UTC| Technicals

Candlestick Pattern Formed- Bullish Engulfing Pattern Major Support 1.3073 (200- day MA) Loonie has formed Bullish Engulfing pattern in weekly chart. The pair declined till 1.30800 previous week before Fed...

FxWirePro: USD/ZAR hovers around key resistance at 13.96 mark, consistent close above targets 14.17

Dec 19, 2016 07:12 am UTC| Technicals

USD/ZAR is currently trading around 13.97 levels. It made intraday high at 14.06 and low at 13.93 levels. Intraday bias remains bullish till the time pair holds key support at 13.88 marks. A daily close...

FxWirePro: AUD/JPY breaks trendline support at 86, good to go short on rallies

Dec 19, 2016 06:33 am UTC| Technicals

AUD/JPY breaks major trendline support at 86, remains capped below 5-DMA. Technical studies have turned bearish. We see scope for test of 20-DMA at 84.93. Violation there could see drag upto 81 levels. RSI and...

FxWirePro: Prefer to go short on XAG/USD around $16.10 with stop loss at $16.24 and target of $15.89

Dec 19, 2016 06:25 am UTC| Technicals

XAG/USD is currently trading around $16.09 marks. It made intraday high at $16.19 and low at $16.02 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.24 levels. A daily...

FxWirePro: Gold faces strong resistance at 5- day MA, good to sell on rallies

Dec 19, 2016 06:14 am UTC| Technicals

Gold gained mildly from the ten months low of $1122. The yellow metal jumped till $1141.25 yesterday .It is currently trading around $1139.72. Gold has shown a slight jump but upside will capped by 10- day MA due to...

FX Hedging Strategy Series

FxWirePro: Sharp shooting star placed at AUD/JPY resistance, more slumps likely as interim bulls seems exhausted – Digital puts to speculate dips

Dec 19, 2016 06:02 am UTC| Technicals

The shooting star pattern is traced out at peaks of rallies, at 86.067 on weekly and at 86.933 levels on daily terms. Expect more dips as shooting star evidences slumps that break support below 86.379 and 7-DMA. RSI...

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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

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...

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...