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FxWirePro: GBP/JPY bulls bounce back on hammer, intermediate trend breaches channel support – Trade boundary strikes and short hedge

Aug 28, 2018 06:47 am UTC| Technicals

GBPJPYchart and candlestick patterns occurred: Hammer has occurred at 140.827 levels, one can observe the bullish sentiments thereafter. The price rallies above 7 and 21-DMAs ever since the occurrence of this bullish...

FxWirePro: Gold trades higher on weak US dollar,good to buy on dips

Aug 28, 2018 06:40 am UTC| Technicals

Major resistance- $1217 The major three factors that drive gold prices US dollar Index: Trend Bearish. DXY upside capped by 38.2% fib. It hits high of 95.71 and declined more than 100 pips from the high. Short...

FxWirePro: EUR/NZD hits fresh 3-week highs at 1.7464, bias higher, stay long

Aug 28, 2018 06:08 am UTC| Technicals

Refer EUR/NZD chart on Trading View EUR/NZD hits fresh 3-week highs at 1.7464, intraday bias remains bullish. The pair is holding above 5-DMA which is immediate support at 0.7392. The single currency ticked...

FxWirePro: USD/CNY trades in narrow range, PBOC sets yuan mid-point at 6.8052

Aug 28, 2018 05:43 am UTC| Technicals

USD/CNY is currently trading around 6.8171 marks. It made intraday high at 6.8201 and low at 6.8065 levels. Intraday bias remains neutral for the moment. A sustained close above 6.8145 marks will test key...

FxWirePro: USD/INR back above 70.00 mark, stay bullish

Aug 28, 2018 05:15 am UTC| Technicals

USD/INR is currently trading around 70.09 marks. It made intraday high at 70.15 and low at 69.94 marks. Intraday bias remains bullish for the moment. Key resistances are seen at 70.25, 70.32, 70.56, 70.80...

FxWirePro: USD/JPY holds 21-EMA support, stay long on break above daily cloud

Aug 28, 2018 05:00 am UTC| Technicals

Refer USD/JPY chart on Trading View USD/JPY holds above 21-EMA, intraday bias bullish. Price action is holding above 111 handle, breakout above daily cloud could see further upside. Momentum studies are...

FxWirePro: AUD/CAD extends weakness below 5-DMA, eyes trendline support at 0.94

Aug 28, 2018 04:10 am UTC| Technicals

Refer AUD/CAD chart on Trading View AUD/CAD fails to close above 5-DMA, pares gains and closes in the red on Mondays trade. The pair has formed a Doji formation and is trading 0.19% lower on the day. Price...

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Economy

The UK has a growing food black market – and it’s making the cost of living crisis worse

The UK food sector has faced its fair share of challenges, and issues around supply are not uncommon. In the year to January 2024, overall food prices rose by 7%. To compound this, last year, the UKs Competition and...

Why do we need a Net Zero Economy Authority? And how can it fulfil its promise?

To support its climate agenda, the Albanese government is building new institutions. One of the most important will be the Net Zero Economy Authority. The proposed laws to create this authority are currently before the...

African countries could unlock billions in local and global trade – what’s working and what’s not

Africas share of global trade remains disproportionately small, hovering around 2%-3%. Countries on the continent trade more with the rest of the world than they do among themselves. Africa needs to improve its share of...

Race still divides South Africa – study shows little transformation in new suburbs in country’s economic hub

As South Africa reflects on 30 years of democracy, its important to ask whether its cities have changed for the better when it comes to racial mixing. During apartheid, South Africas residential development was...

Does the US have a planned economy? You might be surprised

During the Cold War, a heated debate arose over the role of economic planning. Did the planned economy of the USSR or the free market economy of the U.S. allocate resources more productively? Arguments against planned...

Politics

Mexico: Sheinbaum faces uphill task to buck the trend and curtail spiralling violence

Mexico has reached a political milestone. According to a quick count by the countrys electoral commission, Mexican voters have just elected their first female president. In a society that has long treated its women...

Shein Engages with Labour Party Ahead of UK Election, Potential Listing

In anticipation of the upcoming election, the Labour Party met with Shein to discuss the fast-fashion companys potential listing on the London Stock Exchange. Labours Mission for Growth In anticipation of its...

Outside Supreme Court justice’s home, a Revolution-era flag, now a call for Christian nationalism

Homes owned by Supreme Court Justice Samuel Alito have flown flags linked to the Jan. 6, 2021, insurrection and the general effort of Donald Trump and his supporters to overturn the results of the 2020 presidential...

Election 2024: up to 8 million people are not properly registered to vote

The general election is to take place on July 4 but up to 8 million people may not be correctly registered to vote. The deadline for registering to vote is 11.59pm on Tuesday, June 18 less than a month after the...

Science

Eye exercises to improve sight – is there any science behind them? An ophthalmologist explains why you shouldn’t buy the hype

You may have seen advertisements claiming to eliminate the need for eyeglasses through vision therapy or vision training basically, eye exercises. These exercises include putting pressure on or palming the eye; eye...

The universe’s biggest explosions made some of the elements we are composed of. But there’s another mystery source out there

After its birth in the Big Bang, the universe consisted mainly of hydrogen and a few helium atoms. These are the lightest elements in the periodic table. More-or-less all elements heavier than helium were produced in the...

Engineering cells to broadcast their behavior can help scientists study their inner workings

Waves are ubiquitous in nature and technology. Whether its the rise and fall of ocean tides or the swinging of a clocks pendulum, the predictable rhythms of waves create a signal that is easy to track and distinguish from...

If an asteroid hit Earth and all the humans died, would the dinosaurs come back?

Many, many years ago dinosaurs roamed the Earth. Six-year-old Aga knows that a meteorite wiped them out… but could another meteorite bring them back? You can read a print version of this story...

Ancient DNA from an extinct native duck reveals how far birds flew to make New Zealand home

Ask a bird lover if they have heard of the extinct giant moa or its ancient predator, Haasts eagle, and the answer will likely be yes. The same cant be said of New Zealands extinct, but equally unique, mergansers a group...

Technology

EVs Are Too Expensive: 5 New Affordable Models Coming Soon

As electric vehicle prices soar, several car manufacturers are launching more affordable models. Upcoming releases from Tesla, Ford, Volvo, Kia, Chevy, VW, and Rivian promise to address the affordability issue, with prices...

Mirror-Finish Tesla Cybertrucks: Eye-Catching Trend Legal on U.S. Roads

A new trend sees Tesla Cybertrucks sporting mirror finishes, applied by an American polishing company. Despite concerns about potential glare, experts confirm these vehicles are legal to drive on U.S. roads, though they...

Elon Musk Confirms No Model Y Refresh for 2024, Tesla Launches New Model Y Variant in U.S.

Elon Musk confirmed there will be no Model Y refresh in 2024, despite rumors to the contrary. Meanwhile, Tesla has introduced a new Long-Range Rear-Wheel-Drive Model Y configuration in the U.S., priced at $44,990 with an...

PEPE Jumps 5% After 231B Whale Buyup, Sparking Rally Speculation

PEPE saw a 5% surge after a whale purchased 231 billion tokens, signaling the potential for a rally. The significant buyup, worth $2.9 million, occurred within 24 hours, raising hopes among investors for a price...
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