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Mon, May 20, 2024 09:15 AM All times are UTC

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FxWirePro: EUR/CAD breaks below 5-DMA support, bearish RSI divergence adds to downside bias

Jun 06, 2017 09:46 am UTC| Technicals

EUR/CAD extends downside for 2nd successive session, edges lower from 6-month highs at 1.5258 hit on Fridays trade. The pair has broken 5-DMA support at 1.5152, could see drag lower. Better-than-expected...

FxWirePro: GBP/USD struggles to break above 1.2950 on account of U.K elections, targets 1.3045

Jun 06, 2017 09:41 am UTC| Technicals

Cable trimmed its early gains after hitting intraday 1.29497. Market awaits U.K election results on Friday for further direction. According to latest general elections polls, the gap between Labor party and Conservative...

FxWirePro: AUD/CAD struggles at 100-DMA, break above required for further upside

Jun 06, 2017 09:04 am UTC| Technicals

AUD/CAD has retraced dip below 200-DMA and has edged higher. The pair is currently struggling at 100-DMA at 1.0101, break above is required for further upside. The pair is holding weekly cloud support at 0.9999,...

FxWirePro: XAG/USD remains well supported above $17.60 mark, good to buy on dips

Jun 06, 2017 08:10 am UTC| Technicals

XAG/USD is currently trading around $17.63 marks. It made intraday high at $17.66 and low at $17.49 levels. Intraday bias remains bullish till the time pair holds key support at $17.48 mark. A daily close...

FxWirePro: USD/CHF upside capped by 5- day MA, good to sell on rallies

Jun 06, 2017 07:45 am UTC| Technicals

USD/CHF shown a minor recovery after forming a bottom around 0.96220. The pair shown a minor jump till 0.96650 and any minor bullishness can be seen only above 0.9685 (5- day MA). Any break above 0.9808 high made on...

FxWirePro: NZD/JPY struggles at major trendline resistance at 79, break below 200-DMA could see minor weakness

Jun 06, 2017 07:34 am UTC| Technicals

NZD/JPY extends range trade between 100 and 200 day moving averages. The pair finds stiff resistance on the upside and is currently struggling to extend gains above 79 handle. 200-DMA at 78.25 is strong support...

FxWirePro: NZD/USD hits 4-month highs at 0.7174, bias higher, stay long

Jun 06, 2017 07:10 am UTC| Technicals

NZD/USD extends break above 200-DMA and upside remains intact as long as pair holds above. The pair hit 4-month highs at 0.7174, bulls target 0.72 levels. Below 200-DMA, the major finds strong support at 100-DMA...

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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...

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...

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

Tesla Scrambles to Soothe European Backlash Over Fleet Price Cuts, Maintenance Costs

Tesla is scrambling to address the European backlash from fleet managers over frequent price cuts and high maintenance costs, leading to corporate dissatisfaction. Teslas Efforts to Rectify Complaints With its fleets...

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...