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FxWirePro: AUD/JPY breaks above 200-DMA, good to go long on dips

Nov 07, 2016 06:54 am UTC| Technicals

AUD/JPY above 80 handle after upside breaks major resistance at 79.95 (200-DMA). Technical studies support upside in the pair, scope for test of 81.50 levels. Weakness only below 20-DMA at 79.33, violation there...

FxWirePro: AUD/NZD bears resume at 21-EMA with bearish crossover on DMAs, snap rallies for fresh short build ups t with ideal entry levels

Nov 07, 2016 06:50 am UTC| Technicals

After two months of rallies, we are now observing considerable declines, that is exactly at 21-EMAs (see monthly chart). While the daily chart evidences bearish crossover (see for 7DMA crossing below 21DMA). On thedaily...

FxWirePro: USD/INR remains well supported below 66.85 mark, bias remains bearish

Nov 07, 2016 06:46 am UTC| Technicals

USD/INR is currently trading around 66.70 marks. It made intraday high at 66.78 and low at 66.67 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 66.85 marks. Key...

FxWirePro: Chinese yuan falls against U.S. dollar, PBOC sets yuan mid-point at 6.7725

Nov 07, 2016 06:16 am UTC| Technicals

USD/CNY is currently trading around 6.7749 marks. It made intraday high at 6.7751 and low at 6.7535 levels. Intraday bias remains bullish till the time pair holds key support at 6.7510 marks. On the top...

FxWirePro: AUD/USD struggles at 0.77 handle, bias higher

Nov 07, 2016 06:12 am UTC| Technicals

AUD/USD upside fails to gain traction, upside struggles at 0.77 handle. Technicals still hold bullish bias, bullish invalidation only below 20-DMA at 0.7628. Spinning top and Doji formation seen on daily charts,...

FxWirePro: Gold upside capped by 61.8% fibo, good to sell on rallies

Nov 07, 2016 05:53 am UTC| Technicals

Pattern formed Triple top Major resistance- $1310 (61.8% retracement of $1352.57 and $1241.50). The yellow metal retreated sharply after FBI gives aclean chit to Hillary Clinton Emails.Gold declined sharply...

FxWirePro: Gold upside capped by 61.8% fibo, good to sell on rallies

Nov 07, 2016 05:49 am UTC| Technicals

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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

Switch Successor Announcement Expected Before Next April, Nintendo States

Nintendo has stated that it will officially introduce the Switch replacement system within this fiscal year before March 31, 2025. Upcoming Nintendo Direct Focuses on Current Switch Games Nintendo president Shuntaro...

Marathon Digital Soars 18% on News of S&P SmallCap 600 Inclusion

Marathon Digital, a leading Bitcoin miner, is set to join the SP SmallCap 600, propelling its shares up by 18%. Announced to replace Aaon in the index on May 8, the move reflects Marathons growing influence in the...

Bitcoin Hits New Highs, 200-Day Moving Average Reaches Record $50,178

Bitcoins 200-day moving average has surged to a record $50,178, marking a historic peak for the cryptocurrency. According to Anthony Pompliano and recent market data, Bitcoin is as strong as ever, maintaining a bullish...

Rivian Eyes Apple Partnership After Landing $1.5M per Job Government Boost

In a striking turnaround from its near-collapse, Rivian Automotive is now in discussions for a potential partnership with Apple. This comes after securing a whopping $1.5 million per job created in government incentives,...

NVIDIA & AMD Secure TSMC’s CoWoS Supply Through 2025 Amid AI Boom

AMD and NVIDIA have reportedly locked in all of TSMCs Chip-on-Wafer-on-Substrate (CoWoS) manufacturing capacity for the next two years. This strategic acquisition aims to propel their respective advances in artificial...