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Wed, May 15, 2024 03:35 PM All times are UTC

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FxWirePro: Aussie falls noticeably against kiwi after GDP data

Jun 05, 2019 02:21 am UTC| Technicals

AUD/NZD is currently trading around 1.0560 marks. Pair made intraday high at 1.0588 and low at 1.0530 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0625 mark. A sustained...

FxWirePro: South Korean won trades marginally lower as current account data misses expectations

Jun 05, 2019 01:18 am UTC| Technicals

EUR/KRW is currently trading around 1,325 mark. It made intraday high at 1,327 and low at 1,323 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1,321 mark. A sustained...

FxWirePro: Buy GBPJPY above 137.30

Jun 04, 2019 13:16 pm UTC| Technicals

Ichimoku Analysis (hourly chart) Tenken-Sen- 136.95 Kijun-Sen- 136.90 GBPJPY has formed a temporary bottom near 136.50 and is consolidating for past two trading days.The pair was trading extremely weak...

FxWirePro: GBP/AUD bearish trade setup as upswing fails at channel resistance, buzzing bears likely to breach double top neckline

Jun 04, 2019 12:14 pm UTC| Technicals

GBPAUDprices have been sliding below 7DMAs constantly in the minor trend, whereas the major trend has been spiking through the rising channel. You can spot buzzing bears upon the double top pattern which is bearish in...

Crypto Technicals: Tezos slips below 50-DMA, eyes 50% Fib at 1.1263

Jun 04, 2019 11:53 am UTC| Digital Currency Technicals

XTZ/USD chart - Trading View Exchange - Kraken Support: 1.1263 (50% Fib); Resistance: 1.4405 (5-DMA) Technical Analysis: Bias Bearish Tezos in the red for the 3rd straight week, bias remains bearish. XTZ/USD...

Crypto Technicals: LTC/USD tests 21-EMA, 'Death Cross' on 1H chart keeps scope for further weakness

Jun 04, 2019 10:16 am UTC| Digital Currency Technicals

LTC/USD chart - Trading View Exchange - Coinbase Support: 98.44 (23.6% Fib); Resistance: 110.57 (5-DMA) Technical Analysis: Bias Bearish LTC/USD tests 21-EMA, hits 2-week lows at 100.25 before paring some...

USDCHF recovers from 3-month low, RSI in oversold zone jump till 0.9980 possible

Jun 04, 2019 09:56 am UTC| Technicals

Major support - 0.9890 USDCHF was trading extremely lower and lost more than 100 pips in past two trading days. The increase in demand safe haven due to geo political tensions is supporting Swiss franc. The yield...

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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...

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...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

If the RBA’s right, interest rates may not fall for another year. Here’s why.

The Reserve Bank is now assuming Australians will see no interest rate cuts this year and quite possibly none before the next federal election, due next May. Thats a big change compared to just three months ago. Back...

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,...

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...

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...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

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...

Science

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...

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...

Technology

Spot Bitcoin ETF: Vanguard Might Join BlackRock in Major Market Shift

With the appointment of new CEO Salim Ramji, Vanguard may soon enter the spot Bitcoin ETF market, potentially joining industry leader BlackRock and marking a significant shift in the investment landscape. Vanguards New...

FLOKI Price Soars 14% After Revolut Listing, Market Rally Anticipated

The price of FLOKI surged over 14% today following its listing on Revolut Business, Europes largest neobank, driving investor enthusiasm and market optimism for continued gains. FLOKIs 14% Surge Follows Revolut Listing...

GameStop, AMC Stocks Soar as 'Roaring Kitty' Returns, Sparking Meme Stock Frenzy

Shares of retail investor favorites GameStop and AMC Entertainment surged on Tuesday, fueled by social media posts from Keith Gill, also known as Roaring Kitty, the key figure behind the 2021 meme stock...

ECB Calls for Monitoring and Possible Regulation of AI in Finance

The European Central Bank (ECB) has highlighted the need for careful monitoring and potential regulation of artificial intelligence (AI) in the financial sector to prevent harm to consumers and ensure market stability....

BYD Launches Shark Hybrid Pickup in Mexico, Eyes New Factory Amid US Tariff Hike

BYD has introduced its Shark hybrid pickup truck to the Mexican market, with plans for a new factory, aiming to bolster its North American footprint despite recent U.S. tariff hikes on Chinese electric vehicles. BYDs...