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Tue, May 21, 2024 02:51 PM All times are UTC

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

Aug 04, 2020 17:25 pm UTC| Technicals

EUR/AUD dipped on Tuesday as extreme positioning and overbought conditions encouraged profit-taking. Profit-taking has pushed EUR/AUD near the 9-day moving average, and a close below should accelerate the correction...

FxWirePro: EUR/NZD rally running out of steam, but bias still bullish

Aug 04, 2020 16:37 pm UTC| Technicals

EUR/NZD strengthened on Tuesday as lack of a new catalyst supported euros gains against New Zealand dollar. EUR/NZD initially dipped but found buyers at 1.7754, rally lifts the pair above 1.7800. A break and daily...

FxWirePro: Sell DXY on rallies

Aug 04, 2020 15:43 pm UTC| Technicals

Ichimoku Analysis (1-hour chart) Tenken-Sen- 93.55 Kijun-Sen- 93.63 US Dollar index continues to trade weak after a minor consolidation. The index recovered nearly 150 pips from minor bottom 92.55. The...

FxWirePro: Daily Commodity Tracker - 4th August, 2020

Aug 04, 2020 12:50 pm UTC| Technicals

Daily Commodity...

FxWirePro: AUD/NZD grinds higher, on track to test major trendline resistance at 1.0830

Aug 04, 2020 12:41 pm UTC| Technicals

AUD/NZD chart - Trading View AUD/NZD is extending grind higher, extends gains along rising 5-DMA. The pair was trading 0.21% higher on the day at 1.0793 at around 12:30 GMT. Price action is extending gains for the...

FxWirePro: USD/SEK retreats from 2-year trough, faces resistance at 8.8000

Aug 04, 2020 11:56 am UTC| Technicals

The Swedish Krona declined, hovering away from a 2-year peak as the dollar edged up against a basket of currencies. The dollar index nudged higher after U.S. lawmakers said they had made progress in talks on a new...

FxWirePro: Norwegian Krone hovers towards 1-week low as crude oil declines

Aug 04, 2020 10:56 am UTC| Technicals

The Norwegian Krone declined, extending losses for the fouth straight session as crude oil prices declined on fuel demand concerns. Crude oil prices declined amid concerns that a nascent recovery in fuel demand could...

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Economy

Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon

Central banks in Europe are discovering an old dilemma: when they lower interest rates because inflation is slowing down, its likely to weaken their currencies. This in turn may delay the fall in inflation towards their...

Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity

Some believe that the war in Ukraine has fundamentally changed Europe, giving birth to a different kind of European order. That is, it appears to be driving structural shifts in the way Europe is run and organised that...

Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments

There are 8.5 million households in the UK who own a home with a residential mortgage, often with fixed interest rates from two to five years. Usually, when that mortgage deal ends, the borrower will move to another deal...

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...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Politics

Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act

At the end of April 2024, a long and peaceful process of national dialogue in Gabon between the military junta, presided over by coup leader General Brice Oligui Nguema, and civil society, represented by 580 civilians,...

How German media attention idealises female Ukrainian refugees

According to the latest available data, around 3.7 million Ukrainians are internally displaced, while nearly 6.5 million have registered as refugees globally. With 1.13 million, Germany has taken in the largest...

Over 26 million South Africans get a social grant. Fear of losing the payment used to be a reason to vote for the ANC, but no longer – study

Social grants to reduce poverty feature prominently in the campaign promises of political parties in South Africas 2024 national and provincial general elections, set for 29 May. The countrys social grants system is one...

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...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Science

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

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...

Technology

Tesla's ‘Cybercab’ Robotaxi Interior Leaked in New Promotional Video

Tesla may have unintentionally leaked the interior of its highly anticipated Cybercab Robotaxi in a recent promotional video, sparking excitement and speculation. Teslas Robotaxi Vision Unveiled Over the past few...

Tron Founder Justin Sun's $2.5 Billion Ethereum Stash Sparks Investor Interest

Tron founder Justin Suns $2.5 billion Ethereum investment is stirring significant market interest, highlighting his confidence in the cryptocurrencys future. Justin Suns Ethereum Holdings Explained Tron founder...

Ethereum Price Target Reaches $4,000; Altcoins Gain 20% Amid Market Rally

Ethereums price target has climbed to $4,000, reflecting market momentum. Meanwhile, altcoins have gained 20%, contributing to the market rally. SEC Decision Could Propel Ethereum Price Beyond $4,000 On Monday, the...

Shibarium BONE Token Set for Potential Binance Listing, Price Up by 5%

Binances recent request for project proposals has ignited the Shiba Inu community, fueling a 5% surge in BONE token price amid speculation of a potential listing. Binances New Strategy Supports Small-to-Medium...

Wendy’s Launches $3 Breakfast Deal as McDonald’s Tests Limited $5 Value Meal in June

Wendys will offer a $3 breakfast deal starting May 20, while McDonalds plans a $5 value meal for June, reflecting a strategic push to attract budget-conscious consumers amid high inflation. Wendys $3 Breakfast Deal...