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Wed, May 15, 2024 09:05 AM All times are UTC

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FxWirePro: EUR/KRW rejects key support at 1,277 mark, upside limited

Aug 16, 2018 02:25 am UTC| Technicals

EUR/KRW is currently trading around 1,283 mark. Pair made intraday high at 1,288 and low at 1,283 levels. Intraday bias remains neutral till the time pair holds key support at 1,277 mark. A sustained close...

FxWirePro: Aussie rises against major peers immediately after employment data

Aug 16, 2018 02:03 am UTC| Technicals

AUD/NZD is currently trading around 1.1035 marks. Pair made intraday high at 1.1043 and low at 1.0994 marks. Intraday bias remains neutral till the time pair holds key support at 1.0987 mark. A sustained...

FxWirePro: Japanese yen trades marginally higher despite lower than expected trade balance data

Aug 16, 2018 01:08 am UTC| Technicals

USD/JPY is currently trading around 110.55 marks. It made intraday high at 110.74 and low at 110.47 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 110.75 mark. A...

FxWirePro: GBP/JPY Trade Idea

Aug 15, 2018 12:06 pm UTC| Technicals

As per our analysis GBP/JPY has shown a huge recovery of nearly 200 pips after taking support near 140level. Intraday trend is slightly bullish as long as support 141 holds. The main reason for jump is due to short...

FxWirePro: USD/CAD downside capped by 55- day EMA, good to buy on dips

Aug 15, 2018 12:03 pm UTC| Technicals

CAD recovers slightly after hitting 3- week high on account of slight rebound in Turkish lira. Turkish lira has rebounded more than 10% from the low of 7.0160. The pair declined more than 100 pips from the high of...

Digital Currency Revolution

FxWirePro: ETH/USD upside capped by 5-DMA, break above 300 to see minor bullishness

Aug 15, 2018 11:00 am UTC| Digital Currency Technicals

(Refer ETH/USD chart on Trading View) ETH/USD is trading in a narrow range on Wednesday with its upside capped by 5-DMA. It is currently trading at 281 levels at the time of writing (Coinbase). On the topside, a...

Digital Currency Revolution

FxWirePro: BTC/USD likely to test 10-DMA resistance, break above 6500 to see minor bullishness

Aug 15, 2018 07:22 am UTC| Digital Currency Technicals

(Refer BTC/USD chart on Trading View) BTC/USD closed at 6193 levels on Tuesday after hitting a low of 5880 levels, forming a hammer pattern. The pair is currently trading at 6367 levels at the time of writing with...

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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

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...

Analysts Predict Bitcoin (BTC) Surge to $70K Soon, Here’s Why

Despite a rise beyond $63,000 on May 13, Bitcoins price has fallen to $61,500 today (May 14). One cause for the drop could be Coinbases operating troubles. System Outage on US-Based Exchange Repairs, Analysts Predict...

1.5 Trillion Shiba Inu (SHIB) Transacted in 24 Hours: Is a Comeback Imminent?

Shiba Inu has seen 1.5 trillion SHIB tokens move in huge deals over the previous 24 hours. These whale-tier transactions take place during a significant volume rise in the market over the last 48 hours. Shiba Inu may...