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Mon, May 20, 2024 09:18 AM All times are UTC

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FxWirePro: USD/INR hits fresh 6-week high at 65.18 mark, sustained close above targets 65.80 mark

May 19, 2017 05:17 am UTC| Technicals

USD/INR is currently trading around 64.80 marks. It made intraday high at 64.94 and low at 64.72 marks. Intraday bias remains bearish till the time pair holds key resistance at 64.94 marks. Key resistances...

FxWirePro: Taiwanese dollar marginally lower in early hours of Asia, upside limited

May 19, 2017 03:28 am UTC| Technicals

USD/TWD is currently trading around 30.25 marks. It made intraday high at 30.31 and low at 30.17 marks. Intraday bias remains neutral till the time pair holds key support at 30.21 mark. A daily close above...

FxWirePro: Thai baht erases previous gain against U.S. dollar, short term trend reversal likely

May 19, 2017 02:45 am UTC| Technicals

USD/THB is currently trading around 34.53 marks. It made intraday high at 34.55 and low at 34.51 marks. Intraday bias remains slightly bullish till the time pair holds key support at 34.45 marks. On the top...

FxWirePro: USD/SGD trades in narrow range, faces strong resistance at 1.3949 mark

May 19, 2017 02:06 am UTC| Technicals

USD/SGD is currently trading around 1.3926 marks. It made intraday high at 1.3934 and low at 1.3923 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3949 marks. A daily...

FxWirePro: EUR/KRW remains well supported above 1,251 mark, sustained close above targets 1,287 mark

May 19, 2017 01:04 am UTC| Technicals

EUR/KRW is currently trading around 1,252 mark. Pair made intraday high at 1,252 and low at 1,251 levels. Intraday bias remains neutral till the time pair holds key support at 1,251 mark. A daily close below...

FxWirePro: USD/JPY strongly bearish despite upside attempts

May 18, 2017 16:42 pm UTC| Technicals

USD/JPY declined on Thursday as the political turmoil in the United States triggered an investor flight from the riskier dollar into safe-haven Japanese yen. Reports that Trump had tried to intervene in an...

FxWirePro: EUR/USD runs out of steam but maintains bullish outlook

May 18, 2017 14:39 pm UTC| Technicals

The EUR /USD pair declined on Thursday as dollar gained some ground after stronger-than-expected U.S. economic data put the focus back on a widely anticipated increase in overnight interest rates by the Federal...

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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...