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Sat, May 18, 2024 03:46 PM All times are UTC

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Call Reviews on NZD/USD, NZD/JPY and USD/JPY: Shedding lights on significance of candlestick patterns

Apr 25, 2018 11:03 am UTC| Technicals

Candlestick patterns never mislead us in wrong trading directions. So heres the deal, making us well equipped with the proficiency in few key candlestick patterns would improve the ability to time the market, recognize the...

FxWirePro: BCH/USD stalls upside, 'Shooting Star' formation raises scope for further weakness

Apr 25, 2018 11:03 am UTC| Technicals Digital Currency

BCH/USD stalls upside below 1600 mark, is extending weakness from 2-month highs at 1567. The pair failed to extend breakout above daily cloud, slips back below 110-EMA. Price has broken below 5-DMA and we see...

FxWirePro: NZD/CAD breaks below daily cloud, eyes 200-DMA at 0.9065, good to short rallies

Apr 25, 2018 10:24 am UTC| Technicals

NZD/CAD edges higher from 10-week lows at 0.9101, bias bearish. The pair has broken below daily cloud and 100-DMA, on track to test 200-DMA at 0.9065. Price action has broken below 20W SMA at 0.9163, close below...

FxWirePro: GBP/USD forms Bearish Engulfing pattern in weekly chart, good to sell on rallies

Apr 25, 2018 10:22 am UTC| Technicals

Candle stick pattern Bearish Engulfing pattern (Weekly chart). Cable has shown huge decline almost more than 350 pips in previous week and is continuing its bearish in this week. The pair has formed bearish engulfing...

FxWirePro: NZD/JPY shooting star hampers hopes of bulls forming triple bottom – Trade writing strangles and short hedge

Apr 25, 2018 09:53 am UTC| Technicals

NZDJPY traders on minor trend are extending slumps after shooting star formation which is bearish in nature (refer daily chart). The current prices slide below DMAs as bulls reject at stiff resistance, for now, the...

FxWirePro: EUR/USD trades lower as US yield hits 3%, good to buy on dips

Apr 25, 2018 09:37 am UTC| Technicals

EUR/USD pared some of its gains made yesterday after hitting low of 1.21818. The pair was trading weak on account of rising US 10 year bond yield .US 10 year bond yield hits 3% for the first time in four years ahead of a...

FxWirePro: AUD/NZD breaks above 50-DMA, eyes 38.2% Fib at 1.0794, stay long

Apr 25, 2018 08:58 am UTC| Technicals

AUD/NZD has broken above 50-DMA resistance at 1.0660, bias higher. Price is consolidating above 23.6% Fib at 1.0677, scope for more upside in the pair. Technical studies are biased higher. RSI shows strength...

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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

Altcoins Expected to Yield 2x-5x Gains by May End: Fetch.AI, Floki, AAVE, ENA

The latest climb in Bitcoins price beyond $65,000 on Wednesday sparked a new relief rally in the cryptocurrency market. Top altcoins are also profiting from the upward momentum, recovering from recent downturn tendencies....

US Orthodontic Leader Accepts Shiba Inu, Embracing Cryptocurrency for Payments

Shiba Inu, the popular meme coin, is experiencing a period of growth and increased utility. Amoré Orthodontic Aligners, a company that specializes in orthodontic care, recently announced that it will now accept SHIB...

Crypto Lender Genesis to Return $3 Billion in Bankruptcy Wind-Down Amid Rising Creditor Haircuts

Crypto lender Genesis Global received court approval to return nearly $3 billion to customers, while a report highlights a significant increase in creditor haircuts in bankruptcy cases to 73% in FY24. Judge Approves...

Binance Enhances SHIB, USTC, AGIX Trading and Liquidity for Better Market Dynamics

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience. Binances...

OpenAI Disbands Team Tackling AI Risks Amid Leadership Changes and GPT-4o Launch

OpenAI has dismantled its Superalignment team, initially formed to address AI risks, following the resignations of key leaders Ilya Sutskever and Jan Leike. OpenAI Disbands Superalignment Team Days After Leaders Resign,...