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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...

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

Jun 04, 2019 09:54 am UTC| Technicals

FxWirePro: Sell DXY below 97

Jun 04, 2019 08:57 am UTC| Technicals

Major support- 97 US dollar index is trading lower for 3rdconsecutive day and declined more than 120 pips. The decline was mainly due to inverted yield curve which confirms recession. The spread between US 10 year...

Crypto Technicals: Bitcoin trades below $8000 mark, close below 21-EMA eyes $6900

Jun 04, 2019 08:36 am UTC| Digital Currency Technicals

BTC/USD chart - Trading View Exchange - Coinbase Support: 7683 (23.6% Fib); Resistance: 8359 (5-DMA) Technical Analysis: Bias Bearish BTC/USD extends weakness for the second straight session, slips below $8000...

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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...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

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...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

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

iPhone Owners Alarmed as iOS 17.5 Resurfaces Deleted Nudes, Troubling Bug Reported

A troubling bug in Apples iOS 17.5 update is reportedly resurfacing previously deleted photos, including sensitive images, causing alarm among iPhone owners. Users on Reddit and beta testers have flagged this issue,...

Dovish CPI Inflation Boosts AI Coins--Is WienerAI The Top Crypto Pick?

The April Consumer Price Index bodes well for risky assets, with US stocks and cryptocurrencies rallying in the aftermath. The YoY headline CPI data came in at 3.4%, exactly in line with market forecasts. The MoM...

Bitcoin Soars on Cooling US CPI Inflation Data, Investor Sentiment Improves

The Bitcoin price remains constant, as investors appear to have dismissed inflation concerns, particularly following the recent U.S. The Consumer Price Index (CPI) has been released. Notably, market investors were keenly...

Shiba Inu Rep Lucie Makes Major Bullish Statement on Shibarium Coins

Lucie, the Shiba Inu teams official marketing head, has taken to her X social media account (previously known as Twitter) to declare the SHIB, BONE, and LEASH pricing behavior she expects to see during a hypothetical...

Tesla Cybertruck to Receive Full Self-Driving V12.5 Update in June, Elon Musk Announces

Elon Musk provided a new update on the Tesla FSD development, which appears to be moving faster than anticipated. FSD V12.4, which aims to enhance miles per intervention by tenfold over V12.3, is set to begin internal...