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Wed, May 15, 2024 09:48 AM All times are UTC

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FxWirePro: Two stern bullish engulfing patterns prompt BCH/USD to 5-months highs – Fresh dips imply a fresh opportunity for longs

May 24, 2019 13:47 pm UTC| Technicals Digital Currency Insights & Views

Bitcoin cash (BCHUSD) has formed a hammer pattern at $380.77 levels that prompt buying sentiments, consequently, bulls take-off rallies above DMAs. Bitcoin cash price rallied from the lows of $368 levels towards the key...

FxWirePro: FTSE100 recovers more than 100 points after May announces resignation, good to sell on rallies

May 24, 2019 13:19 pm UTC| Technicals

FTSE100 has halted its 2 - day of loosing streak and jumped more than 90 points. The reason for the jump are UK PM Theresa May has announced her rsignation date (Jun 7th2019) But ongoing Brexit...

FxWirePro: US oil hits multi month low on rsining crude inventory, good to sell on rallies

May 24, 2019 13:03 pm UTC| Technicals

US oil is trading extremely weak and lost more than 8%. Yesterday it plunged more than 5% worst fall in six months. The main reason for fall are Rise in crude oil inventory in US for second consecutive week...

Crypto Technicals: ETH/USD retraces above 1H 200-SMA, 'Hammer' on daily charts signals further gains

May 24, 2019 12:12 pm UTC| Digital Currency Technicals

ETH/USD chart - Trading View Exchange - Coinbase Support: 221.23 (21-EMA); Resistance: 267.51 (Weekly cloud base) Technical Analysis: Bias Bullish ETH/USD has retraced above 1H 200-SMA and hourly cloud. The...

FxWirePro: EURUSD recovers sharply on declining US yield, good to buy on dips

May 24, 2019 10:57 am UTC| Technicals

EURUSD recovered sharply nearly 100 pips from low of 1.11070 on declining US bond yield. US 10 year yield declined more than 3.5% yesterday and hits lowest level since Dec 2017. The spread between US 10 year and German...

FxWirePro: EUR/CHF bears resume after back-to-back shooting stars – Trade spot for luring risk/reward, one-touch put and short hedge

May 24, 2019 10:53 am UTC| Technicals

Technical Glance:EURCHFbears nudge prices below DMAs on bearish engulfing patterns (refer daily plotting), consequently, strong support is breached below 1.1307 levels. For today, mild rallies are unlikely to sustain as...

Crypto Technicals: BTG/USD grinds higher along 21-EMA, breakout at 61.8% Fib (25.74) will accentuate gains

May 24, 2019 10:17 am UTC| Digital Currency Technicals

BTG/USD chart - Trading View Exchange - Binance Support: 21.46 (21-EMA); Resistance: 26.10 (trendline) Technical Analysis: Bias Bullish Bitcoin Gold extends gradual grind higher along 21-EMA support, bias...

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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

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...

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%,...

Pepe Coin Reaches New ATH as Smart Money Moves 250.5B PEPE Tokens

Pepe currency has emerged as one of the most promising cryptocurrencies in the meme coin industry this year, recently reaching a new all-time high. Despite the turmoil in the broader crypto market, the coin has defied...