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Sun, Jun 02, 2024 03:42 AM All times are UTC

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FxWirePro: GBP/JPY trade Idea

Mar 02, 2018 11:01 am UTC| Technicals

GBP/JPY has been continuously weak for third consecutive day. The pair declined almost 540 pips from the temporary top of 150.93. The pair decline was mainly due to strength in Japanese yen. The pair hits low of 145.46 and...

FxWirePro: USD/CAD declines slightly from fresh 2018 high, market eyes Canada’s GDP

Mar 02, 2018 10:42 am UTC| Technicals

USD/CAD continuing its bullishness and hits fresh 2018 high at 1.28955 yesterday. The pair shown a minor decline from the high. The Canadian dollar down almost 4.2% worst performer for this month. The pair continuing its...

FxWirePro: BTC/EUR breaks above 110-EMA, good to go long on close above 8925 (channel top)

Mar 02, 2018 10:35 am UTC| Technicals Digital Currency

BTC/EUR has closed above 110-EMA on Thursdays trade, raises scope for further upside. The pair is extending trade in a downward sloping channel and is currently hovering around channel top. Technical indicators...

FxWirePro: EUR/USD recovers sharply after Trump’s import tariff, good to buy on dips

Mar 02, 2018 10:21 am UTC| Technicals

EUR/USD recovered from 7- week low amid Trumps announcement of import tariff. US Donald Trump announce steel products will be charged 25% while for aluminum 10%. The pair hits intraday high of 1.22878 and is currently...

FxWirePro: USD/CHF faces strong resistance around 0.9500, good to sell on rallies

Mar 02, 2018 09:54 am UTC| Technicals

USD/CHF has shown a major decline after hitting high of 0.94900 and is trading below 200- H MA. The pair formed almost triple bottom at 0.9320 and any bearish continuation can be seen below that level. level. The pair hits...

FxWirePro: AUD/JPY’s bearish engulfing, gravestone doji and shooting stars take major trend back below 21-EMAs and 38.2% Fibos – Trade tunnel spreads

Mar 02, 2018 09:47 am UTC| Technicals

Bears form triple top with top 1 at 89.425, top 2 at 90.305, top 3 at 89.089, and neckline at 84.397 (refer weekly plotting). For now, more slumps seem to be on cards upon breach below the neckline, bearish WMA MACD...

FxWirePro: AUD/NZD eyes channel base at 1.0630, violation there could see further weakness

Mar 02, 2018 08:38 am UTC| Technicals

AUDNZD is extending downside after failure to hold break above 20-DMA, bias lower. The pair is extending downside for 3rd consecutive session, is currently trading at 1.0676 levels, down 0.17% on 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...