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Sun, Apr 28, 2024 01:02 AM All times are UTC

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FxWirePro: BTC/USD trades well above $428, jump till $450/$465 is possible

Apr 20, 2016 07:53 am UTC| Technicals

Major Resistance - $433 BTC/USD has broken major resistance $433 (Apr 16th high) and jumped till $437.50 at the time of writing. It is currently trading around $436. Minor trend is bullish as long as support $416 (55...

US Oil faces strong resistance at $42.40, break above targets $43.60/$45

Apr 20, 2016 07:13 am UTC| Technicals

Major resistance - $42.40 US Oil has made a high of $42.27 and slightly retreated from that level. It is currently trading around $41.40. The commodity has formed temporary bottom around $37.50 and recovered from...

FxWirePro: Gold forms Head and Shoulder pattern, good to sell on rallies

Apr 20, 2016 06:52 am UTC| Technicals

Pattern Formed- Head and Shoulder Pattern Neck line - $1217 The commodity has recovered after making a low of $1223.It is currently trading around $1247. Yellow metal jumped till $1257.88 and started to...

FX Hedging Strategy Series

FxWirePro: GBP/JPY rejects resistance at 21DMA – resumption of bears likely to continue in major downtrend

Apr 20, 2016 06:10 am UTC| Technicals

The recent bounces above 7DMA have now faced a stiff resistances at 157.178 (21DMA) and near upper trend line. Daily price slid below trend-line and 21DMA and the buying momentum is suspected from here onwards as RSI ...

FxWirePro: Silver hits fresh 10 –month high, remains supported well above $17.00

Apr 20, 2016 05:37 am UTC| Technicals

XAG/USD is currently trading around $17.11marks. It made intraday high at $17.21 and low at $16.88 levels. Intraday bias remains slightly bullish till the time pair holds immediate support level at $16.88...

FxWirePro: NZD/CAD consolidates in narrow range, good to buy at dips

Apr 20, 2016 05:32 am UTC| Technicals

Major Resistance- 0.902 Major support 0.8850 The pair has recovered after making a low of 0.8880 yesterday. It is currently trading around 0.8911. CAD rebounds against all major pairs on account of rising...

FxWirePro: USD/JPY slips below 109 handle, broad based USD weakness weighs

Apr 20, 2016 05:14 am UTC| Technicals

USD/JPY largely rangebound on the day (days range 109.32-108.88), slips below 109 handle. Sentiment on the Asian markets remain mixed this Wednesday, with the Chinese stocks extending losses, while rest of Asia gains...

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Economy

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...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

What if the Reserve Bank itself has been feeding inflation? An economist explains

Heres something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May...

Politics

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...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

Science

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...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Huawei Leaks: Next-Gen Kirin CPU to Rival Apple's M3 Processor

Huaweis chip development team is rumored to be working on a next-generation Kirin CPU that could give Apples M3 a run for its money. The chip is expected to leverage the innovative Taishan V130 architecture, focusing on...

SHIB Burn Rate Soars 88% Following Major Shibarium Upgrade Announcement

Following a crucial upgrade announcement for Shibarium, Shibburn reports a dramatic 88.32% increase in the SHIB burn rate, removing millions from circulation and significantly boosting Shiba Inu coin holders. SHIB...

Solana Co-Founder Clashes with Vitalik Buterin, Champions Meme Coin Culture

In a bold social media move, Solanas co-founder Raj Gokal defended meme coins and subtly critiqued Ethereums Vitalik Buterin, stirring controversy in the crypto community. Solanas Gokal Defends Meme Coins, Warns...

Tesla Model 3 Performance Price Surges Days After Debut, Cybertruck Powershare Costs Skyrocket

Just days after Tesla released its Model 3 Performance, the company increased its price by $1,000. Meanwhile, a Tesla Cybertruck owner faces a staggering $30,000 quote for a Powershare installation, which would enable his...

Apple Partners with OpenAI for On-Device AI in iOS 18, Enhancing Privacy

Apple Inc. has reignited discussions with OpenAI to integrate advanced AI features into iOS 18, utilizing large language models entirely on-device. According to a Bloomberg report, this move promises to significantly...