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Mon, May 20, 2024 01:14 AM All times are UTC

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FxWirePro: USD/CHF trades flat, good to go long above 1.0040

Nov 08, 2017 06:12 am UTC| Technicals

USD/CHF is consolidating in narrow range between 0.99477 and 1.00378 for the past ten trading session. The pair declined slightly after US Senate Republicans are considering to delay corporate tax cut by a year. But it...

FxWirePro: Gold recovers mildly on higher oil price, good to sell on rallies

Nov 08, 2017 05:46 am UTC| Technicals

Gold is consolidating between narrow range between $1263 and $1284 for the past ten days. The yellow metal has shown a minor jump in the past two days on account of slight profit booking in US dollar. It is currently...

FxWirePro: Antipodeans dented on poor China trade data, AUD/NZD capped below 5-DMA, bias lower

Nov 08, 2017 05:31 am UTC| Technicals

Dismal China trade data dents antipodeans, AUD/NZD trades in narrow range. Data released earlier today showed China October trade surplus widened less than expected. China trade surplus came-in at CNY 254.5...

FxWirePro: USD/INR hits fresh 2-week high at 65.29 mark, downside limited

Nov 08, 2017 05:24 am UTC| Technicals

USD/INR is currently trading around 65.18 marks. It made intraday high at 65.27 and low at 65.18 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 65.32 marks Key...

FxWirePro: AUD/USD extends choppy trade below 200-DMA, good to go short on break below 0.7630

Nov 08, 2017 05:12 am UTC| Technicals

AUD/USD is extending choppy trade below 200-DMA at 0.7697 which is major resistance. Dismal Chinese trade data likely to keep upside in the pair limited. Also RBA was a non-event, Aussie largely muted post RBA policy...

FxWirePro: NZD/USD rejected at session highs at 0.6912, good to go short on break below 0.6895

Nov 08, 2017 04:20 am UTC| Technicals

NZD/USD attempted, but failed, to hold break above the 0.69 handle. Price action has slipped below hourly 200-SMA at 0.6914 and is currently hovering around 0.69 handle after hitting session lows at 0.6897. The...

FxWirePro: USD/TWD remains well supported below 30.22 mark, consistent close above requires for upside rally

Nov 08, 2017 03:46 am UTC| Technicals

USD/TWD is currently trading around 30.16 marks. It made intraday high at 30.20 and low at 30.10 marks. Intraday bias remains bearish till the time pair holds key resistance at 30.22 mark. A daily close...

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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

Massive SHIB Transfers Occur Despite Sharp Decline in Shibarium Transactions

Shiba Inu (SHIB), a dog-themed cryptocurrency, has seen a startling 3,015% increase in large holder NetFlow, which provides insight into whales changing positions. However, this impressive surge comes with a...

SHIB Whale Activity Surges Amid Plummeting Shibarium Transaction Volumes

While the Shiba Inu developer team continues to work on and implement key updates to the Layer-2 blockchain, Shibarium is seeing a significant drop in transaction volume, which has been ongoing for about a month. This...

AirTag With New Chip and Improved Tracking Due Next Year; No New Mac Studio, Pro Until Mid-2025: Mark Gurman

Apples upcoming AirTag, equipped with an upgraded chip and enhanced tracking, is expected to launch by mid-2025, as detailed by Bloombergs Mark Gurman. He also claimed that Apple will not update the Mac Studio and Mac Pro...

Shibarium Faces 97% Drop in Transactions, Yet Transfers Rise Steadily

High FDVs on Binance Listings Lead to Investor Losses, Analysis Reveals

An analysis of Binance listings over the past six months reveals that high fully diluted valuations often lead to token value loss, adversely affecting regular investors while benefiting insiders. VC-Backed Tokens on...