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Mon, May 20, 2024 08:13 AM All times are UTC

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FxWirePro: GBP/USD holds above 1.3300 level, good to buy on dips

Nov 24, 2017 09:45 am UTC| Technicals

Cable declined slightly after hitting 1- ½ month high at 1.3369. The main jump in GBP was mainly due t o weakness in US dollar .US dollar declined sharply after dovish Fed minutes meeting. The Fed minutes meeting...

FxWirePro: EUR/NZD lagging indicators confirms ABCD pattern, minor trend spikes through rising channel – One touch binaries to trade and long hedge

Nov 24, 2017 09:10 am UTC| Technicals

Chart pattern formed- Rising channel (on daily plotting) and ABCD pattern with conflation points at high 1 at 1.7274, low 1 at 1.3881, high 2 1.8555 and low 2 at 1.4534 levels (on monthly plotting). ABCD bullish pattern...

FxWirePro: AUD/USD capped below 20-DMA at 0.7634, good to go long on break above

Nov 24, 2017 08:54 am UTC| Technicals

AUD/USD upside rejected shy of 20-DMA at 0.7634, break above required for further gains. The pair is consolidating dovish FOMC minutes led spike, breakout at 20-DMA could see test of 0.7758 (38.2% Fib). Technical...

CHF/JPY forms rounding bottom, good to buy above 113.60

Nov 24, 2017 07:06 am UTC| Technicals

Pattern formed Rounding bottom Major Support- 113 CHF/JPY is consolidating between 113.06 and 113.61 for the past three trading session. The pair hits high of 113.61 on Nov 22nd and is currently trading around...

FxWirePro: NZD/USD struggles at 20-DMA, bullish divergence keeps scope for upside

Nov 24, 2017 06:49 am UTC| Technicals

NZD/USD fails to hold break above 20-DMA, edges lower from session highs at 0.6894 to currently trade at 0.6875 levels. Downbeat New Zealand Q3 retail sales data continues to weigh on the bird. Technical studies...

FxWirePro: GBP/JPY takes support near trend line, good to sell on rallies

Nov 24, 2017 06:45 am UTC| Technicals

Major support 147.80 (Trend line joining 148.66 and 148.43). GBP/JPY has taken support near trend line and shown a minor jump from that level. It is currently trading around 148.15. The pairs minor weakness can...

FxWirePro: AUD/NZD minor and major downtrends drift non-directional after test of strong support and bullish EMA crossover - 1m DNT to trade

Nov 24, 2017 06:26 am UTC| Technicals

The major trend of this pair has been downtrend that has gone into consolidation phase approximately from the last three years. While the short-term trend has formed rising channel, the current prices are attempting to...

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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

Venture Capital Crypto Funding Hits $2.4 Billion in Q1 2024 Amid Bitcoin ETF Debut

Venture capital funding for cryptocurrency startups surged to $2.4 billion in Q1 2024, reflecting a 40.3% increase from the previous quarter. This increase was driven by the debut of the first U.S. Bitcoin spot...

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...