Physicists zoom into the birth of cosmic rainstorms with new CERN study 
Europe can’t achieve space sovereignty alone. Here’s why 
What is Zionism? The different meanings of a contested term 
Banking scandal rocks Brazil’s politics and the country’s presidential election in October 
Who should own the knowledge that underpins AI technology? 
Unsustainable – or manageable? We don’t yet know how data centres will impact Australia’s environment 
Big AI wants to slow down AI research. Is it a safety pause or a strategic retreat? 
Synthetic data could ease people’s concerns about privacy breaches. But who gets to create it? 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
AI is supercharging money scams – here’s what you can do to protect yourself 
 - EconoTimes)
Add as a preferred source on Google
Dollar index trading at 95.98 (-0.17%)
Strength meter (today so far) - Aussie -0.63%, Kiwi +1.46%, Loonie +0.02%.
Strength meter (since last week) - Aussie -0.63%, Kiwi +1.46%, Loonie +0.02%.
AUD/USD -
Trading at 0.711
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell
Support -
- Long term - 0.60, Medium term - 0.70, Short term - 0.70
Resistance -
- Long term - 0.87, Medium term - 0.83, Short term - 0.78, Immediate - 0.74
Economic release today -
- TD securities inflation rose to 1.7% in August from a year ago.
- HIA new home sales dropped by -0.4% in July.
- Company gross operating profit dropped by -1.9% q/q in second quarter.
Commentary -
- Aussie is consolidating above 0.7 mark with downside bias. Active call - Sell Aussie with stop around 0.785 and 0.825 to target 0.715, 0.70 and 0.65.
NZD/USD -
Trading at 0.636
Trend meter -
- Long term - Sell, Medium term - Range/sell, Short term - Range/Sell
Support -
- Long term - 0.56, Medium term - 0.60, Short term - 0.60
Resistance -
- Long term - 0.78, Medium term - 0.75, Short term - 0.70, Immediate - 0.68
Economic release today -
- Terms of trade index to be released at 22:45 GMT.
- ANZ business confidence deteriorated to -29.1 in August, compared to -15.3 in July.
Commentary -
- Kiwi in for its next target around 0.56 against Dollar, with slowdown in China and further loosening of policy from RBNZ. Kiwi remains worst performer today.
USD/CAD -
Trading at 1.319
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support -
- Long term - 1.17, Medium term - 1.217, Short term - 1.29
Resistance -
- Long term - 1.40(broken), Medium term - 1.35, Short term - 1.35
Economic release today -
- Current account balance came at -17.4 billion in second quarter, compared to -$18.15 billion in first.
Commentary -
- Loonie is the best performer today as oil price jumped back sharply for three consecutive days.
