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Technicals

Mon, May 06, 2024 05:49 AM All times are UTC

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Major Asian Indices Technicals

Feb 08, 2016 03:09 am UTC| Technicals

Hang Seng: Hang Seng has broken minor resistance 19300 and jumped til 19395. It has closed around 19303 on Friday. Short term trend is slightly bullish as long as support 18750 holds. Any break above 19300...

FxWirePro: EUR/USD runs out of steam but maintains bullish outlook

Feb 05, 2016 17:28 pm UTC| Technicals

The EUR/USD pair halted its rise on Friday as US dollar strengthened across the board after data showed a pickup in US wages in January. The pair initially rose towards 1.1250 levels, before slipping back towards 1.1130...

FX Hedging Strategy Series

FxWirePro: EUR/GBP spikes capitalizing on Brexit risks, technicals, risk reversals favor signal upside risks, hedge payable exposure with CRBS

Feb 05, 2016 14:19 pm UTC| Technicals

Our central scenario is that the UK will remain in the EU. Risks of Brexit, however, have increased; the associated transitional costs of Brexit look high. In FX space, our end-of year forecasts have a sharp H2 recovery...

FxWirePro: GBP/USD breaks support at 1.4510 levels, good to sell on rallies

Feb 05, 2016 14:10 pm UTC| Technicals

GBP/USD rebounded strongly towards 1.4586 after the release of US jobs data but, the pair turned back in quick succession and broke support level at 1.4510, as the pound ran out of strength against US dollar. The pair has...

CAD supported above 1.37 mark, Economic data from US as well as Canada in focus

Feb 05, 2016 12:23 pm UTC| Technicals

Intraday bias remains Neutral for the moment. On the top side, a break of 1.3797 levels will confirm the trend reversal and may drag the pair again around 1.40 marks. On the other side, if pair falls below 1.3639...

FX Hedging Strategy Series

FxWirePro: EUR/CHF still offers speculating opportunity in writing strangles but debit call spreads for hedgers

Feb 05, 2016 12:18 pm UTC| Technicals

Inflation race: The long-term path for EUR/CHF will be determined by who sees inflation first: Switzerland or the Euro area. Our guess would be the Euro area (though neither looks likely to see strong inflation any time...

Gold breaks major trend line resistance at $1142, jump till $1200 is possible

Feb 05, 2016 11:50 am UTC| Technicals

Major resistance -$1142 (trend line joining $1307 and $1191) Major support - $1130 (200 day MA) Gold has broken major trend line resistance $1142 and this confirms major trend reversal , a jump till $1200 is...

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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

Samsung's Galaxy S25 Rumored to Boost Longevity with 'Battery AI'

Samsungs upcoming Galaxy S25 Ultra is poised to incorporate Battery AI, an innovative technology promising to improve battery life by up to 10% through smarter energy management. Unlocking the Potential of Battery AI in...

AI Protocol Render (RNDR) Soars 15% As Bitcoin Fights For Balance

As Bitcoin grapples with market volatility, altcoin Render (RNDR) stands out with a remarkable 15% surge, showcasing its resilience amid the crypto markets tumult. This surge comes as Bitcoin struggles to find stability,...

Huawei's Covert US Funding Scheme Raises Eyebrows Amid Export Ban

The revelation of Huaweis discreet sponsorship of U.S. research through a Washington-based foundation has reignited concerns about the efficacy of the export ban. Despite regulatory hurdles, the tech giant managed to fund...

Crypto.com's F1 Sponsorship Expansion Sparks Global Visibility Drive

Crypto.com, one of the top exchanges in the digital currency ecosystem, is set to expand its sporting ad budget. Notably, the trading platform is looking to expand its dominance in its push for global...

Stablecoins Set to Overtake Visa, Ripple CEO Affirms XRP and ETH Not Securities

Stablecoins are poised to challenge Visas dominance in payment volume, marking a significant shift in the crypto landscape. Meanwhile, Ripple CEO Brad Garlinghouse asserts that XRP and Ethereum (ETH) are not securities,...