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Mon, May 20, 2024 10:47 AM All times are UTC

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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...

FxWirePro: South African rand marginally lower ahead of GDP data

Jun 06, 2017 06:57 am UTC| Technicals

USD/ZAR is currently trading around 12.73 levels. It made intraday high at 12.74 and low at 12.67 levels. Intraday bias remains slightly bullish for the moment. A daily close above 12.70 will take the...

FxWirePro: AUD/USD erases disappointing current account data-led slide, bounces post RBA announcement

Jun 06, 2017 06:51 am UTC| Technicals

AUD/USD stalled disappointing current account data-led slide near 0.7460-55 region and edged higher. RBA as expected, maintained status quo and left its key benchmark interest rate at record low level of...

FxWirePro: Gold Short term outlook

Jun 06, 2017 06:23 am UTC| Technicals

Gold is trading at major resistance level and it has been in the downtrend since 2011 level. The yellow metal has made several attempts to break the downward trend line. But this time it is expected to break the trend line...

FxWirePro: USD/JPY breaks below 200-DMA, hits fresh 6-week low of 109.73, bias lower

Jun 06, 2017 05:52 am UTC| Technicals

USD/JPY broke below 200-DMA and hit fresh 6-week lows of 109.73, lowest level since April 25. Japans labor cash earnings were reported at a four-month high, thus strengthening bid tone around the Yen. Technical...

FxWirePro: Chinese yuan rises gradually against U.S. dollar, PBOC sets yuan mid-point at 6.7934

Jun 06, 2017 05:48 am UTC| Technicals

USD/CNY is currently trading around 6.7967 marks. It made intraday high at 6.8029 and low at 6.7952 levels. Intraday bias remains bearish for the moment. A sustained close above 6.8029 marks will test key...

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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...