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EUR/SEK sees tight market with upside scope

Feb 19, 2015 08:23 am UTC| Technicals

Pairs offers to Wed 9.5760 highs but bids moves in, 9.5150-5250 200HMA supports at 9.5170 and minor resistance is at 9.5560 Currency intervention remains a tool in the central banks arsenal,...

GBP/USD rally stalled at key fibo

Feb 19, 2015 08:16 am UTC| Technicals

Weds rally halted at 1.5480, just 1 pip ahead of the 1.5481 23.6% fibo 1.5481 = 23.6% of the 1.7192/1.4952 decline from Jul 2014/Jan 2015 Below this fibo stay with the short trade Trend indicators close...

EUR/USD off highs but ranges tight

Feb 19, 2015 08:12 am UTC| Technicals

Pair is off late in Asia 1.1425 tops but pullbacks in quiet trade First support is the 100 HMA at 1.1393 but spot holds in 1.14s Daily charts consolidate below 1.1450 Bias stays with bear below Short...

AUD/USD recovers as S&P plays down risk of rating

Feb 19, 2015 06:24 am UTC| Technicals

AUD partly improves from late Asian fall SP quoted saying that it does not see large risk of rating change over next2 years AUD off 45 pips earlier on oft-repeated SP warnings on budget...

USD/JPY off lows, Nikkei closes up 65.62 pts, 0.36%

Feb 19, 2015 06:12 am UTC| Technicals

Nikkei closes session at 18,264.79. USD/JPY off from 118.82 to 118.42, rebounds since, now at 118.70. Bids in place from around 118.50, some option-related. So-so large expiries move down from 118.50...

AUD/USD unravels intraday gains

Feb 19, 2015 05:27 am UTC| Technicals

AUD gap from c0.7830 to fresh session low of 0.7787 Shortened liquidity exaggerated move so too algos No sign of rebound, 10-DMA 0.7779 as close sup, 0.7774 Wed low Price action sets AUD/NZD cross at...

AUD/NZD dips 30 pts to new 1.0313 low

Feb 19, 2015 05:06 am UTC| Technicals

With another global shock for AUD AAA rating may come under pressure If SP comments are true extreme reaction in a thin market Momentum studies, 5, 10 20 daily weekly monthly mas trend south Bearish...

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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...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks

The financial crisis of 2008 showed just how much the world depends on banks being well run. Since then, regulators have been given new powers to keep some of the biggest institutions on a much shorter leash to stamp out...

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,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

The 50th anniversary of Portugal’s Carnation Revolution

Across Portugal, a number of photography exhibitions are currently on display that commemorate the ousting of the Estado Novo, the dictatorial, authoritarian and corporatist political regime that had ruled the country...

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

Shiba Inu Whale Moves 100 Billion SHIB Before FOMC, Signals Market Stir

In a surprising move, a mysterious Shiba Inu whale deposited 100 billion SHIB tokens into Coinbase, coinciding with a significant price drop just before the Federal Reserves crucial rate decision. This action has stirred...

Dongfeng Unveils High-Power Tesla Cybertruck Rival, Eyes Production in Italy

At the Beijing Auto Show, Dongfeng Motor Group showcased a Cybertruck-inspired electric vehicle boasting an impressive 1,305 horsepower, signaling its ambitions to produce over 100,000 electrified cars annually in Italy....

Biden Administration Set to Finalize Stricter EV Tax Credit Rules

The Biden administration is finalizing new electric vehicle tax credit rules, slashing the list of eligible models to just 13. This update, part of a broader effort to refine economic incentives before the election,...

Zeus Network Set to Launch Solana to Bitcoin Bridge in Q3 2024

Zeus Network has announced the launch of Zeus Program Library (ZPL) by Q3 2024, a pioneering bridge designed to connect and enhance asset transfer between the Solana and Bitcoin ecosystems, offering broad applications in...

Bitcoin Dips 4% Below Cost, Stirs Panic Among Short-Term Investors

In a startling decline, Bitcoin plummeted 4% below its average purchase price, sparking potential panic among short-term holders, who, according to analyst James Check, are now facing a 3% unrealized loss. Recent...