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Tue, May 14, 2024 12:07 AM All times are UTC

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FxWirePro: Gold trades lower as US dollar hits 2-week high, markets eye US non farm payroll data

Aug 03, 2018 03:41 am UTC| Technicals

Overall trend - bearish Gold has lost more than $15 in yesterdays trading as US dollar index hits 2 week high. The yellow metal hits low of $1206.64 at the time of writing. The rising trade tensions and hawkish US Fed...

FxWirePro: Chinese yuan weakens past 6.87 mark, PBOC sets yuan mid-point at 6.8322

Aug 03, 2018 03:37 am UTC| Technicals

USD/CNY is currently trading around 6.8691 marks. It made intraday high at 6.8747 and low at 6.8379 levels. Intraday bias remains bullish for the moment. A sustained close above 6.8379 marks will test key...

FxWirePro: Nikkei Daily Outlook

Aug 03, 2018 03:11 am UTC| Technicals

Asian markets are trading slightly higher following the trend of wall street. The renewed trade war tensions between US and China is putting pressure on equity markets. US markets closed slightly higher mainly led by tech...

FxWirePro: USD/THB continues to trade in rigid boundaries, more sideways movement likely

Aug 03, 2018 02:51 am UTC| Technicals

USD/THB is currently trading around 33.33 marks. It made intraday high at 33.35 and low at 33.28 marks. Intraday bias remains neutral for the moment. On the top side, key resistances are seen at 33.40,...

FxWirePro: USD/SGD hits fresh 2-week high at 1.3701 mark, bias turns bullish again

Aug 03, 2018 02:32 am UTC| Technicals

USD/SGD is currently trading around 1.3690 marks. It made intraday high at 1.3701 and low at 1.3683 levels. Intraday bias remains bullish till the time pair holds key support at 1.3652 mark. A daily close...

FxWirePro: Aussie strengthens against major peers on back of higher than expected retail sales data

Aug 03, 2018 01:46 am UTC| Technicals

AUD/NZD is currently trading around 1.0942 marks. Pair made intraday high at 1.0946 and low at 1.0907 marks. Intraday bias remains bullish till the time pair holds key support at 1.0885 mark. A sustained...

FxWirePro: South Korean won remains unchanged after current account, forex reserves data; faces strong support at 1,298 mark

Aug 03, 2018 01:14 am UTC| Technicals

EUR/KRW is currently trading around 1,304 mark. Pair made intraday high at 1,306 and low at 1,304 levels. Intraday bias remains neutral till the time pair moves in stiff boundaries from 1,298 to 1,306...

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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...

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,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

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...

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...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

Science

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...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Shiba Inu (SHIB) Climbs 7% in an Hour, Market Watches in Surprise

Shiba Inu (SHIB) surged in value by 7% in a single hour, outperforming the larger crypto market bounce. Unexpected Surge in Shiba Inus Value This gain is especially significant because it occurred without the...

Japanese Firm Metaplanet Buys 117 BTC, Diversifies Reserve Amid Yen Drop

Amid a weakening yen, Metaplanet, a Japanese investment giant, has strategically shifted to Bitcoin, purchasing 117.7 BTC worth $7.2 million. This move aligns with their new treasury strategy to bolster economic resilience...

CNBC’s Ran Neuner Reveals Personal Picks for Crypto Portfolio

CNBCs Ran Neuner has shared his new cryptocurrency investments, choosing XRP, TON, and, notably, Solana. Highlighting each for its unique potential in the evolving crypto market, Neuners selections spotlight technological...

Philippines Tests Peso-Backed Stablecoin, Eyes Future Financial Innovations

In a groundbreaking initiative, the Bangko Sentral ng Pilipinas has commenced sandbox testing for the PHPC, a stablecoin pegged 1:1 to the Philippine peso. This pilot, a collaboration with Coins.ph, aims to evaluate the...

El Salvador Launches $360M Bitcoin Treasury Monitoring Site

El Salvador was the first country to accept Bitcoin as legal cash in 2021, and it now has over 5,700 BTC. Details of El Salvadors Bitcoin Monitoring Platform El Salvador has developed its proof-of-reserves website,...