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Sun, May 05, 2024 02:41 PM All times are UTC

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EUR/USD breaks minor resistance, targets 1.1366/1.1380

Aug 26, 2016 06:34 am UTC| Technicals

Minor intraday resistance- 1.2930 (trend line joining 1.12973 and 1.12963). Time frame- 15 min. Moving average -55 EMA -1.1289. EUR/USD has recovered from the low of 1.12712 made on yesterday. It is...

FxWirePro: EUR/JPY extends gains above 20-day MA, finds stiff resistance at 113.60

Aug 26, 2016 06:30 am UTC| Technicals

The single currency largely muted on poor German Ifo business climate data. EUR/JPY is extending narrow rangebound trade within a symmetric triangle pattern. 113.65 and 113 are pivotal points, breakout on either...

USD/CAD breaks minor trend line support, decline till 1.2865 likely

Aug 26, 2016 06:16 am UTC| Technicals

Major resistance- 1.2960. Minor intraday support- 1.2915 (trend line joining 1.128617and 1.28985). In the 15 min chart,the pair is trading below 55- EMA and also broken the trend line support. It is currently...

Gold: Buy above $1327

Aug 26, 2016 05:46 am UTC| Technicals

Major resistance- $1327 (55 H EMA). Major support - $1310 (Jul 21st low). Gold has declined till $1317.70 yesterday and slightly recovered from that level. It is currently trading around $1323.58. In the...

FxWirePro: AUD/USD upside capped below 20-DMA at 0.7638, good to go long on break above

Aug 26, 2016 05:38 am UTC| Technicals

AUD/USD trades 0.23 pct higher on the day, but upside in the pair finds stiff resistance by 20-DMA at 0.7638. Techs are mildly bullish, strength in RSI which is currently at 53.6 levels, Stochs are on the verge of a...

FxWirePro: AUD/JPY breaks major resistance at 76.60, intraday bias higher

Aug 26, 2016 05:08 am UTC| Technicals

AUD/JPY has broken major trendline resistance at 76.60, intraday bias higher. The pair is trading around 76.70 levels after edging above 4H 50 MA at 76.68. Break above 4H 50 MA at 76.68 could see upside till...

FxWirePro:ASX200 struggles to break below 5500, good to buy on dips

Aug 26, 2016 03:03 am UTC| Technicals

Major resistance- 5625 (Aug 1st 2016 high). Major support - 5490 (34 EMA). The index has recovered after making a low of 5507 at the time of writing. It is currently trading around 5532. On the higher...

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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

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,...

Justin Sun Dominates Swell L2 with 46% of Deposits in eETH

Justin Sun, founder of Tron, has again surged into the limelight, this time for his colossal cryptocurrency deposits. The crypto tycoon, utilizing the pseudonymous address 0x7a9…3095, recently funneled a staggering...

Leaked: New Huawei Luxeed SUV Images Fuel Anticipation for Tech Upgrades

Recently leaked photos allegedly showcasing the Huawei Luxeed SUV have ignited speculation over the vehicles advanced features and smart technology, potentially setting a new benchmark in the automotive...

Bitfinex CTO Deems Database Breach Claims 'Fake' Amidst Hacker Allegations

Bitfinexs Chief Technology Officer Paolo Ardoino has cast doubts on claims of a database breach by hacker organization FSOCIETY, branding the allegations as fake. Ardoino refuted the purported leak of 22,500 user emails...

Walmart Spotted with Tesla Semi in California as True Launch Date Revealed

Walmarts adoption of a Tesla Semi hit the California highways, signaling the electric trucks expanding reach. The sighting follows Teslas revelation of a late 2025 and early 2026 launch window for the highly anticipated...