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Wed, May 15, 2024 10:54 PM All times are UTC

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FxWirePro: Singapore dollar appreciates in early Asia, faces immediate support at 1.3722 mark

May 27, 2019 02:11 am UTC| Technicals

USD/SGD is currently trading around 1.3732 marks. It made intraday high at 1.3752 and low at 1.3731 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3752 marks. A daily...

FxWirePro: EUR/KRW resumes trading on a flat note, sustained close above 1,333 requires for upside rally

May 27, 2019 01:50 am UTC| Technicals

EUR/KRW is currently trading around 1,327 mark. It made intraday high at 1,328 and low at 1,326 levels. Intraday bias remains neutral for the moment. A sustained close above 1,333 will take the parity higher...

FxWirePro: S&P500 daily outlook

May 24, 2019 13:52 pm UTC| Technicals

Major support- 2800 SP500 has halted its 5 day of lossing streak and shown a minor jump 30 points. The index forms minor top around 2891 and lost more than 5%. The main reason is On going US China trade...

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...

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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

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...

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...