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FxWirePro: EUR/GBP extends 200-DMA breakout, eyes 61.8% Fib at 0.8993

Jun 04, 2019 06:27 am UTC| Technicals

EUR/GBP chart - Trading View EUR/GBP trades rangebound on the day, at 0.8879 at 06:20 GMT. The pair is extending breakout at 200-DMA, momentum studies are bullish. Focus on Eurozone CPI data. The single currency...

FxWirePro: AUD/CAD Near-Term Outlook

Jun 04, 2019 06:12 am UTC| Technicals

AUD/CAD chart - Trading View AUD/CAD pauses upside at 0.94 handle, bias remains bullish. The pair is extending recovery from multi-month lows at 0.9201. Technical studies are biased higher. Momentum with the...

FxWirePro: AUD/JPY hammer goes vulnerable over bearish engulfing – Trade with attractive risk/reward ratio and short hedge

Jun 04, 2019 06:05 am UTC| Technicals

The Aussie dollar hasnt changed much on either side (upside or downside) follower by RBAs rate cut of 25 bps today which was widely anticipated, hence, we could foresee further weakness in AUD. Technically, AUDJPYs...

FxWirePro: EURUSD faces strong resistance around 1.12650, any bullishness only above that level

Jun 04, 2019 06:04 am UTC| Technicals

EURUSD trades higher for 3rdconsecutive day and jumped more than 130 pips on account of declining US yield. US 10 year yield is trading lower and hits fresh 21-month low at 2.05%. The yield curve inverted which signals...

FxWirePro: Gold Short term outlook

Jun 04, 2019 05:36 am UTC| Technicals

US Dollar Index -Trend negative .US Dollar index is trading lower for 3rdconsecutive days and lost more than 100 pips. Any break below 97 will take the index down till 96.75/95.95. US 10 year yield- Overall trend...

FxWirePro: AUD/USD largely unchanged after RBA rate decision, break above 4H 200 SMA to see further gains

Jun 04, 2019 05:18 am UTC| Technicals

AUD/USD chart - Trading View The Reserve Bank of Australia (RBA) announced a 25 basis points (bps) cut to its benchmark cash rate as widely expected. The rate cut was fully priced in and the Aussie remained bid after...

FxWirePro: Taiwanese dollar depreciates in early Asia, short term trend reversal likely

Jun 04, 2019 04:07 am UTC| Technicals

USD/TWD is currently trading around 31.43 marks. It made intraday high at 31.49 and low at 31.35 marks. Intraday bias remains bullish till the time pair holds key support at 31.35 marks. A daily close above...

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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...