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Wed, May 15, 2024 07:11 AM All times are UTC

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FxWirePro: Sell GBP/JPY on rallies around 185-185.10 with SL around 185.65 for the TP of 184.20/182.

Sep 16, 2015 03:28 am UTC| Commentary

GBP/JPY has made a low of 184.23 and slightly recovered from that level. overall trend is still weak as long as resistance 185.65 holds. The pair recovered from low of 184.23 which was made yesterday till 184.90. the...

Light rally in Asia before Fed storm

Sep 16, 2015 02:53 am UTC| Commentary

Asian markets kicked off Wednesday with a light rally ahead of this weeks, in fact this years, most awaited event - the Federal Open Market Committee meeting. Overnight, the US released some important data, including...

JPY outlook looking beyond BOJ

Sep 16, 2015 02:33 am UTC| Commentary

USD/JPY has been consolidating between 118 and 122 after CNY-led market volatility subsided in the last week of August. With the Bank of Japan (BOJ) maintaining a neutral stance on its asset purchase program yesterday, the...

India less vulnerable but not immune to pre-FOMC jitters

Sep 16, 2015 02:22 am UTC| Commentary

Ahead of the US Federal Reserves rate decision due this week, markets are likely to be on tenterhooks. While there is uncertainty over how the markets will react to a lift-off (or not) in the Fed Funds Rate, Indias...

The BOJ didn’t signal further easing

Sep 16, 2015 02:17 am UTC| Commentary Central Banks

The Bank of Japan kept its QE program unchanged yesterday. During the policy statement, the central bank cut the assessment on exports and production, citing the slowdown in emerging economies. But it remained confident...

Is it time for Fed to hike or not September?

Sep 16, 2015 01:52 am UTC| Commentary Central Banks

To hike or not September is a close call. Debate has been loud and public. Fed officials are divided: two or three clearly want to move; one or two do not. The remainder, including Yellen, have been quiet. Outside the Fed,...

Fonterra GlobalDairyTrade dairy prices up 16.5%

Sep 15, 2015 23:52 pm UTC| Commentary

International dairy prices rose a further 16.5% in last nights GlobalDairyTrade auction, an even larger increase than had been anticipated by the NZX futures contracts. Whole milk powder prices rose 20.6% and skim milk...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

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

El Salvador Mined Nearly 474 Bitcoins, Adding to State Crypto Holdings Over 3 Years

El Salvador mined nearly 474 bitcoins over the last three years using a volcano-fueled geothermal plant, boosting its state crypto holdings to 5,750 BTC. El Salvador Mines 474 Bitcoins Using Volcano Power, Boosting...

China's BYD Launches Hybrid Pickup in Mexico, Boosts Presence in North America as US Hikes EV Tariffs

Chinas BYD launches the Shark hybrid pickup truck in Mexico on May 14, countering US EV tariffs and boosting its presence in North America. BYDs New Shark Pickup Enters Mexican Market as US Hikes Tariffs on Chinese...

Important Shiba Inu Metric Explodes by 2,300% as SHIB Price Rises: Details Inside

Important Shiba Inu metric explodes by 2,300% as the SHIB price rises. Shiba Inu adoption continues to grow, with users now able to book Airbnb and buy Nike clothes via SHIB. Shiba Inus Daily Volume Surges 2,300%,...

GPT-4o Isn't Going to Kill Teaching or Customer Service, Experts Say

On May 13, OpenAI unveiled GPT-4o, showcasing its advanced speech and emotion detection, stirring debates on AIs impact on jobs. OpenAIs GPT-4o Uses Real-Time Cameras, Raising Concerns About Job Security in Various...

Joe Biden Hikes Tariffs on Chinese EVs, Solar Cells, Steel, Aluminum, and Snipes at Donald Trump

On May 14, President Joe Biden announced new tariffs on Chinese EVs, solar cells, and steel, intensifying U.S.-China trade tensions and taking a jab at Donald Trump. Biden Criticizes Chinese Government Subsidies,...