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FxWirePro: USD/CAD faces strong support at 1.2660, break below targets 1.2500

Nov 27, 2017 08:42 am UTC| Technicals

USD/CAD has shown a minor jump after weaker than expected Canada retail sales data. But the weakness in USD and strong crude oil prices supported Loonie. The pair declined till 1.26915 on Friday and is currently trading...

FxWirePro: EUR/CAD consolidates major trendline breakout, bias higher, stay long

Nov 27, 2017 08:24 am UTC| Technicals

EUR/CAD extends Symmetric Triangle breakout, breaks major trendline resistance at 1.5125. German Chancellor A.Merkels CDU has opened the door to a grand coalition government, leaving behind the political crisis that...

FxWirePro: South African rand trades flat against U.S. dollar, stay bullish only above 14.15 mark

Nov 27, 2017 07:25 am UTC| Technicals

USD/ZAR is currently trading around 14.07 levels. It made intraday high at 14.11 and low at 14.02 levels. Intraday bias remains neutral till the time pair holds key resistance at 14.15 mark. A daily close...

FxWirePro: EUR/USD trades higher on easing German political uncertainty, good to buy on dips

Nov 27, 2017 06:55 am UTC| Technicals

EUR/USD hits 6- week high on Friday after breaking major resistance at 1.18800 (Oct 12th 2017 high) on account of easing political uncertainty in Germany and positive economic data from Eurozone. Euro shines against...

FxWirePro: EUR/GBP struggles at 100-DMA at 0.8956, break above eyes trendline at 0.90

Nov 27, 2017 06:49 am UTC| Technicals

EUR/GPB takes 20-DMA support and edges higher, we see scope for further upside. Price action has broken into daily cloud and is currently hovering around 100-DMA resistance at 0.8956. The pair is extending German...

FxWirePro: NZD/USD bears activate at wedge resistance, flurry of bearish patterns occur to hamper consolidation phase in major trend – Tunnel spreads to trade

Nov 27, 2017 06:46 am UTC| Technicals

Before emphasizing on the core areas of NZDUSD technicals, we want you to know that the pair for the day has stalled last weeks rallies and stuck between 0.6850 and 0.6900 (i.e. between 21DMA 7DMA). From last Friday,...

FxWirePro: USD/CNY hovers around 6.6000 mark, PBOC sets yuan mid-point at 6.5874

Nov 27, 2017 06:31 am UTC| Technicals

USD/CNY is currently trading around 6.6002 marks. It made intraday high at 6.6047 and low at 6.5957 levels. Intraday bias remains slightly bullish till the time pair holds key support at 6.5747 mark. A...

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Economy

Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon

Central banks in Europe are discovering an old dilemma: when they lower interest rates because inflation is slowing down, its likely to weaken their currencies. This in turn may delay the fall in inflation towards their...

Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity

Some believe that the war in Ukraine has fundamentally changed Europe, giving birth to a different kind of European order. That is, it appears to be driving structural shifts in the way Europe is run and organised that...

Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments

There are 8.5 million households in the UK who own a home with a residential mortgage, often with fixed interest rates from two to five years. Usually, when that mortgage deal ends, the borrower will move to another deal...

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...

Politics

Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act

At the end of April 2024, a long and peaceful process of national dialogue in Gabon between the military junta, presided over by coup leader General Brice Oligui Nguema, and civil society, represented by 580 civilians,...

How German media attention idealises female Ukrainian refugees

According to the latest available data, around 3.7 million Ukrainians are internally displaced, while nearly 6.5 million have registered as refugees globally. With 1.13 million, Germany has taken in the largest...

Over 26 million South Africans get a social grant. Fear of losing the payment used to be a reason to vote for the ANC, but no longer – study

Social grants to reduce poverty feature prominently in the campaign promises of political parties in South Africas 2024 national and provincial general elections, set for 29 May. The countrys social grants system is one...

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...

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

Shiba Inu Burn Rate Skyrockets 579%, 9.83 Million Tokens Burned in One Day

Shiba Inus burn rate surged by 579% in the past 24 hours, destroying 9.83 million tokens, according to Shibburn. The significant increase in token burns has caught the markets attention, with substantial transactions from...

Tesla Cybertruck Trails Ford F-150 Lightning in Sales as Q1 Figures Disappoint Wall Street

New registration data reveals that the Tesla Cybertruck ranked second to the Ford F-150 Lightning in March. Meanwhile, Teslas Q1 sales missed Wall Street expectations, marking the first year-over-year quarterly decline...

Bitcoin Developers Tease Major Trigger for Next Bull Run: Programmability Upgrade

Bitcoin developers suggest enabling programmability on the blockchain could be the key trigger for the next bull run, following the SECs approval of spot Bitcoin ETF trading and the BTC halving. Developers Eye...

Top 3 Altcoins to Watch This Week: SOL, FTM, and LINK Set for Growth

This week, market experts spotlight Solana (SOL), Fantom (FTM), and Chainlink (LINK) as top altcoins to watch, highlighting their unique strengths and recent performance amid unusual market patterns. Solana Overcomes...

Ripple Warns: Math Prof Predicts Quantum Threat to Blockchain, Urges Crypto Key Overhaul

Ripple recently highlighted a warning from Professor Massimiliano Sala, urging the crypto industry to replace current public-key cryptosystems due to vulnerabilities exposed by advancing quantum technology. Professor...