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Mon, May 20, 2024 08:41 AM All times are UTC

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FxWirePro: AUD/CHF hovers around 61.8% Fib, bias lower, stay short

Jun 02, 2017 09:01 am UTC| Technicals

AUD/CHF pauses downside and has edged higher as Aussies bulls found some respite from todays release of New Home Sales data. Data released earlier today by Australias Housing Industry Association showed a 0.8% m/m...

FxWirePro:USD/CHF Short term outlook

Jun 02, 2017 08:23 am UTC| Technicals

USD/CHF formed a bottom at 0.96695 and shown a minor recovery from that level. The pair has broken the low of 0.96918 and declined till 0.96690. Any close below 0.9691 confirms bearish continuation of and decline till...

FxWirePro: USD/TRY rejects key support at 3.5187, upside limited

Jun 02, 2017 08:07 am UTC| Technicals

USD/TRY is currently trading at 3.5358 levels. It made intraday high at 3.5383 and low at 3.5187 levels. Intraday bias remains slightly bullish till the time pair holds key support at 3.5243 marks. Key...

FxWirePro: AUD/USD holds major trendline support 0.7370, good to go short on break below

Jun 02, 2017 07:32 am UTC| Technicals

AUD/USD stages modest recovery from previous sessions slump, bias remains lower. The pair has edged higher from 3-week lows at 0.7371, as Aussie bulls, found some respite from todays release of New Home Sales...

FxWirePro: USD/CNY back above 6.80 mark, PBOC sets yuan mid-point at 6.8070

Jun 02, 2017 07:24 am UTC| Technicals

USD/CNY is currently trading around 6.8162 marks. It made intraday high at 6.8209 and low at 6.8012 levels. Intraday bias remains slightly bullish for the moment. A sustained close above 6.8028 marks will...

FxWirePro: AUD/CAD extends grind below 200-DMA, test of trendline support at 0.9860 likely

Jun 02, 2017 06:50 am UTC| Technicals

AUD/CAD is extending grind below 200-DMA at 1.0025, bias lower. Antipodeans knocked down to fresh daily troughs following the release of worse-than-expected Chinese manufacturing PMI on Thursday. Chinas Caixin...

FxWirePro: USD/ZAR falls below 13.00 mark, good to sell on rallies

Jun 02, 2017 06:21 am UTC| Technicals

USD/ZAR is currently trading around 12.90 levels. It made intraday high at 12.91 and low at 12.85 levels. Intraday bias remains bearish for the moment. A daily close above 12.87 will take the parity...

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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...