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Sun, Apr 28, 2024 12:41 PM All times are UTC

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FxWirePro: USD/JPY finds strong resistance at 109.45, good to sell rallies

Apr 19, 2016 05:01 am UTC| Technicals

USD/JPY has seen a robust recovery from near 17-month lows at 107.63 (April 11th). The pair is rangebound on the day, made intraday high at 109.21 and low at 108.74 levels. Recovery appears capped ahead of 109.20...

FxWirePro: Silver remains well supported above $16.14, good to buy on dips

Apr 19, 2016 04:54 am UTC| Technicals

XAG/USD is currently trading around $15.20 marks. It made intraday high at $16.26 and low at $16.14 levels. Intraday bias remains slightly bullish till the time pair holds immediate support level at $16.14...

FxWirePro: AUD/USD consolidates near fresh ten-month highs of 0.7784, Stevens speech awaited

Apr 19, 2016 04:34 am UTC| Technicals

AUD/USD pair regained momentum and hit fresh 10-month highs at 0.7784 despite dovish RBA minutes. The central bank of Australia displayed an optimistic view on the economy, while slightly talking down on the AUD level...

FxWirePro: Gold fails to break key support at $1227, intraday bias remains bullish

Apr 19, 2016 04:30 am UTC| Technicals

XAU/USD is currently trading around $1232 mark. It made intraday high at $1235 and low at $1227 levels. Intraday bias remains bullish till the time pair holds key support at $1227 marks. A daily close above...

FxWirePro: Kiwi remains strongly bid, NZD/USD hits fresh highs for the month at 0.6995

Apr 19, 2016 03:44 am UTC| Technicals

NZD/USD extends gains on the back of Mondays upbeat CPI data to hit fresh 9-month highs at 0.6995. The pair has broken strong trendline resistance at 0.6950 on the 4-hourly charts and is on track for further...

FxWirePro: USD/SGD hovers around key support at 1.3488, a break below targets 1.3428

Apr 19, 2016 03:11 am UTC| Technicals

USD/SGD is currently trading around 1.3497 marks. It made intraday high at 1.3522 and low at 1.3478 levels. Intraday bias remains neutral till the time pair holds initial support at 1.3488 levels. A daily...

FxWirePro: ASX200 struggles to close above 5200, good to buy at dips

Apr 19, 2016 03:05 am UTC| Technicals

Major resistance - 5220 ASX200 has broken major resistance 5158 and jumped till 5220 yesterday. It is currently trading at 5193. Short term trend is lightly bullish as long as support 5150 holds. On the...

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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...

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...

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...

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

Nate Geraci Highlights Correlation Between Bitcoin and ETF Performance

Nate Geraci, president of The ETF Store, emphasized the strong linkage between Bitcoins market movements and the performance of Bitcoin ETFs. This correlation is evident as shifts in Bitcoins price significantly influence...

Google Cloud Launches Web3 Portal, Stirring Mixed Reactions in Crypto Community

Google Cloud has unveiled a new Web3 portal featuring blockchain development tools, testnets, and educational resources, sparking diverse reactions across the cryptocurrency industry. While some praise the initiative as a...

Ethereum Surges 6%, Outshines Bitcoin as Consensys Sues SEC Over Security Status

Ethereums price has surged by over 6% to $3,320, outperforming Bitcoin amidst ongoing legal challenges. Consensys, backing Ethereum, has initiated a lawsuit against the SEC, contesting its attempt to classify ETH as a...

DOJ Counters Dismissal Bid in Tornado Cash Co-founder's Legal Battle

In a recent legal development, the DOJ firmly opposed a motion to dismiss charges against Roman Semenov, co-founder of Tornado Cash, highlighting potential jury issues over the crypto mixers operations and sanction...

Shiba Inu on Edge: 69 Trillion Coins Test Market's Resolve as Prices Wobble

Shiba Inu (SHIB) confronts a critical juncture as its price teeters, driven by a broader market downturn and intense scrutiny over its ability to maintain crucial support levels amid a 69 trillion SHIB battle. Shiba Inu...