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Sun, Jun 02, 2024 03:51 AM All times are UTC

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FxWirePro: GBP/USD declines sharply from Brexit high on weak UK jobs data, sell on rallies

Apr 17, 2018 09:29 am UTC| Technicals

Cable has put a minor stop for bullish trend continuing for past two week. The pair jumped almost more than 400 pips in this month on account of hopes of rate hike by BOE. The pair hits new 2108 high after breaking 1.4345...

FxWirePro: EUR/CAD edges higher from 8-week lows at 1.5463, finds strong support at 100-DMA

Apr 17, 2018 09:13 am UTC| Technicals

EUR/CAD edges higher after 4th straight weeks of declines. Momentum still with the bears. Price has retraced from 8-week lows at 1.5463 and has broken above 5-DMA at 1.5548. Technical studies support further...

FxWirePro: USD/JPY fails at 55-EMA, slips below 5-DMA, bias lower

Apr 17, 2018 08:20 am UTC| Technicals

USD/JPY fails to hold above 55-EMA, breaks below 5-DMA support at 107.10. The major is extending downside for 2nd straight session and intraday bias is bearish. Technical indicators are turning bearish. RSI is...

FxWirePro: USD/TRY consolidates around 4.09 mark, downside limited

Apr 17, 2018 08:00 am UTC| Technicals

USD/TRY is currently trading at 4.0840 levels. It made intraday high at 4.0996 and low at 4.0737 levels. Intraday bias remains slightly bullish till the time pair holds key support at 4.0700 levels. Key...

FxWirePro: GBP/JPY recovers sharply from low of 152.65,good to buy on dips

Apr 17, 2018 07:45 am UTC| Technicals

GBP/JPY has recovered sharply after declining almost more than 100 pips yesterday. Pound sterling was trading higher for past three weeks and broken high made on 1.43455 Jan 25th 2018. The pair jumped almost 400 pips in...

FxWirePro: Silver exhibits range bound movement, bias remains neutral

Apr 17, 2018 07:13 am UTC| Technicals

XAG/USD is currently trading around $16.70 marks. It made intraday high at $16.72 and low at $16.62 levels. Intraday bias remains neutral till the time pair holds key resistance at $16.72 mark. A daily close...

FxWirePro: AUD/NZD holds 5-DMA support, breakout at 20-DMA to see further upside

Apr 17, 2018 06:54 am UTC| Technicals

AUD/NZD finds support at 5-DMA at 1.0552, we see minor weakness on break below. RBA minutes showed the policymakers see little reason for a near-term move in policy. While fresh China slowdown concerns knocking the...

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Economy

Will government investment make green hydrogen a reality in Australia?

In the budget last week, the government was keen to talk about its efforts to turn Australia into a renewable superpower under the umbrella of the Future Made in Australia policies. Future Made is a framework that sets...

Small businesses can help South Africa fight unemployment if they get proper support – study

South Africa has an alarming unemployment rate of approximately 32.1%. Solutions have been elusive. The unemployment rate has been consistently high for decades. Our research has revolved around entrepreneurship. We...

Australia is set to ban live sheep exports. What will this mean for the industry?

This month the federal government announced a plan to ban live sheep exports, set to come into effect from May 1 2028. The announcement coincided with the release of a highly anticipated report by an independent panel...

Latest inflation figures are good news

The U.S. economy is slowing, but not crashing. In the dismal science, this is what counts as good news. Thats the message I took away from the latest inflation data, released May 15, 2024, which showed U.S. consumer...

The budget is full of good news, but good news isn’t the same as good management

This years budget has something for everyone, with very little in the way of cuts and no new taxes. Its a classic good news pre-election budget. Whether it is too good to be true hinges on whether this budget...

Politics

Why the US government is intervening in the live music business and could break up Live Nation Entertainment – a music industry scholar explains

The U.S. Justice Department, along with 29 states and the District of Columbia, have filed an antitrust lawsuit against Live Nation Entertainment, the parent company of Ticketmaster. The lawsuit alleges that Live Nation...

6 ways to foster political discourse on college campuses

With deep divisions on college campuses most recently over the conflict in the Gaza Strip and Israel many observers fear that universities are not places where students can discuss divisive issues with people who...

How Iran selects its supreme leader

The sudden death of President Ebrahim Raisi is unlikely to drastically alter Irans foreign and domestic policies, but it has left a power vacuum. As stipulated by the constitution, Raisi was replaced by his first vice...

Why the upcoming South African election a massive milestone for the ruling ANC

South Africans governing party, the African National Congress (ANC), is in trouble. After 30 years in charge, it is scrambling for support ahead of the upcoming national elections. The ANC has run the country since the...

How Modi is using TV, film and social media to sway voters in India’s election

As the worlds largest electorate goes to the polls in India, political parties are seeking to sway voters through popular culture, like film. Although cinema has long reflected and influenced the countrys political and...

Science

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...

Black holes are mysterious, yet also deceptively simple − a new space mission may help physicists answer hairy questions about these astronomical objects

Physicists consider black holes one of the most mysterious objects that exist. Ironically, theyre also considered one of the simplest. For years, physicists like me have been looking to prove that black holes are more...

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...

Technology

Hyundai IONIQ 5 Leads US Production with $7,500 Tax Credit; Chevy Offers No Payments on Equinox, Blazer EVs

Chevy offers no payments on Equinox and Blazer EVs for 120 days, but heres the deal. Meanwhile, Hyundai IONIQ 5 to lead US production at the new EV plant with a $7,500 tax credit in sight. Chevrolet Launches Equinox and...

Ripple CEO Predicts Unavoidable Launch of XRP ETF at Consensus 2024

At Consensus 2024, Ripple CEO Brad Garlinghouse declared that XRP ETFs are inevitable, anticipating the cryptocurrency markets growth to $5 trillion, fueled by recent spot Bitcoin and Ether ETF approvals. Garlinghouse...

US President Joe Biden Vetoes SAB 121 Repeal, Sparks Crypto Industry Backlash

President Joe Biden vetoed the repeal of SECs SAB 121, prioritizing investor and consumer welfare, sparking significant controversy in the cryptocurrency industry. Bidens Veto on SECs Crypto Accounting Bulletin Faces...

Oklahoma Senate Approves Tax Breaks for Bitcoin and Crypto Mining Operations

The Oklahoma Senate has passed House Bill 1600, which provides tax exemptions for Bitcoin and cryptocurrency mining. The bill aims to bolster the states blockchain industry and economy. Oklahoma Senate Approves House...

Kia EV9 American Production Starts in Georgia, Qualifying for Federal Tax Credit Up to $7,500

Although the three-row Kia EV9 has been a huge success up to this point, it does have one significant drawback: because it is manufactured in Korea, it is not eligible for a tax credit of up to $7,500 unless it is obtained...