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FxWirePro: AUD/USD shooting star at channel resistance more imminent for lingering bears, major downtrend drags double top formation

Oct 01, 2018 07:44 am UTC| Technicals

AlthoughAUDUSDattempted to bounce back in the last weekend, failure swings were at 7DMAs. Consequently, bears have resumed today. While minor trend slides through sloping channel. Sharp shooting star has occurred at...

FxWirePro: USD/ZAR trades in narrow range, South Africa’s business confidence index data in focus

Oct 01, 2018 07:22 am UTC| Technicals

USD/ZAR is currently trading around 14.18 levels. It made intraday high at 14.20 and low at 14.08 levels. Intraday bias remains slightly bullish till the time pair holds immediate support at 14.00 mark. A...

FxWirePro: EUR/CAD extends bearish gap, CAD buoyed as US-Canada agree on new trade deal to replace NAFTA

Oct 01, 2018 07:17 am UTC| Technicals

EUR/CAD chart on Trading View used for analysis EUR/CAD is extending bearish gap open, trades 0.74% lower on the day at 1.4867 at the time of writing. The Canadian dollar remains buoyed after the US and Canadian...

FxWirePro: USD/CAD hits 4-month low on new USMCA trade deal , good to sell on rallies

Oct 01, 2018 07:09 am UTC| Technicals

USDCAD declined drastically and hits 4 month low on NAFTA deal and rising crude oil prices. US and Canada has reached an last minute agreement which has supported Canadian dollar. The revamped new agreement has been named...

FxWirePro: Indian rupee falls against U.S. dollar, good to buy on dips

Oct 01, 2018 06:39 am UTC| Technicals

USD/INR is currently trading around 72.81 marks. It made intraday high at 72.85 and low at 72.45 marks. Intraday bias remains bullish till the time pair holds key support at 72.35 mark. Key resistances are...

FxWirePro: CHF/JPY breaks minor trend line resistance, jump till 116.70 likely

Oct 01, 2018 05:44 am UTC| Technicals

Ichimoku Analysis (Hourly chart) Tenken-Sen - 116 Kijun-Sen- 116.07 CHF/JPY has shown a major sell-off in past two weeks and lost more than 200 pips. The pair hits low of 115.70 and shown a minor jump....

FxWirePro: AUD/JPY holds break above 110-EMA, focus on RBA policy meet for further impetus

Oct 01, 2018 05:38 am UTC| Technicals

AUD/JPY chart on Trading View used for analysis AUD/JPY edges lower from session highs at 82.36, trades at 82.15 at the time of writing. The pair is holding above 110-EMA and intraday bias remains slightly...

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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

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

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...

Technology

Top 3 Altcoins to Watch This Week: SOL, FTM, and LINK Set for Growth

This week, market experts spotlight Solana (SOL), Fantom (FTM), and Chainlink (LINK) as top altcoins to watch, highlighting their unique strengths and recent performance amid unusual market patterns. Solana Overcomes...

Ripple Warns: Math Prof Predicts Quantum Threat to Blockchain, Urges Crypto Key Overhaul

Ripple recently highlighted a warning from Professor Massimiliano Sala, urging the crypto industry to replace current public-key cryptosystems due to vulnerabilities exposed by advancing quantum technology. Professor...

Massive SHIB Transfers Occur Despite Sharp Decline in Shibarium Transactions

Shiba Inu (SHIB), a dog-themed cryptocurrency, has seen a startling 3,015% increase in large holder NetFlow, which provides insight into whales changing positions. However, this impressive surge comes with a...

SHIB Whale Activity Surges Amid Plummeting Shibarium Transaction Volumes

While the Shiba Inu developer team continues to work on and implement key updates to the Layer-2 blockchain, Shibarium is seeing a significant drop in transaction volume, which has been ongoing for about a month. This...

AirTag With New Chip and Improved Tracking Due Next Year; No New Mac Studio, Pro Until Mid-2025: Mark Gurman

Apples upcoming AirTag, equipped with an upgraded chip and enhanced tracking, is expected to launch by mid-2025, as detailed by Bloombergs Mark Gurman. He also claimed that Apple will not update the Mac Studio and Mac Pro...