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Fri, May 17, 2024 10:43 PM All times are UTC

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FxWirePro:EUR/USD faces strong resistance at 1.06800, good to sell on rallies

Jan 16, 2017 09:43 am UTC| Technicals

Major resistance 1.0687 (Jan 12th high). Major support 1.04500. EUR/USD trimmed it s gains after reaching till 1.06800 on account of Theresa May key speech on Brexit tomorrow. Theresa May said in the...

CHF/JPY trades well below major support, decline till 110 likely

Jan 16, 2017 08:58 am UTC| Technicals

Major Support 113.35 Major resistance 115.50 CHF/JPY breaks major support at 113.35 and declined till 112.56. It is currently trading around 112.68. Any violation below 113.35 will drag the pair down till...

CAD/JPY breaks trend line support at 86.85, declined till 85.95/84 likely

Jan 16, 2017 07:00 am UTC| Technicals

Major support - 86.83 (trend line joining 84.57 and 85.96). Major resistance 87.65 (200- H MA). The pair has broken major trend line support at 86.83 and declined till 86.56. It is currently trading around...

FxWirePro: Daily Shooting star on GBP/JPY evidences slumps below DMAs and strong support, major trend to resume on monthly shooting star occurrence

Jan 16, 2017 06:41 am UTC| Technicals

The shooting star that was traced at peaks of 146.707 levels evidences price drops to slide below DMAs and have broken supports of 138.921 and 137.246 levels on southwards. The rallies in the recent past, have also been...

FxWirePro: Gold downside capped by 7- day MA, good to buy on dips

Jan 16, 2017 06:29 am UTC| Technicals

Major resistance - $1207 (Jan 12th high). Major support - $1189 (trend line joining $1146 and $1177). The yellow metal recovered sharply after declining till $1187.Gold has once broken psychological resistance at...

Nikkei225 trades weak on stronger yen, good to sell on rallies

Jan 16, 2017 04:12 am UTC| Technicals

Nikkei225 declined sharply after showing a slight jump till 19378.The index fall was mainly due to strength in Yen. It is currently trading around 19083 1.1% lower. USD/JPY has once again breaks 115 and is trading...

FxWirePro: EUR/KRW rejects key support at 1,242 mark, faces strong resistance at 1,256

Jan 16, 2017 02:43 am UTC| Technicals

EUR/KRW is currently trading around 1,251 mark. Pair made intraday high at 1,253 and low at 1,243 levels. Intraday bias remains bullish till the time pair holds immediate support at 1,245 mark. A consistent...

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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

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Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

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South Africa’s plan to move away from coal: 8 steps to make it succeed

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Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

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US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

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Germany lowers voting age to 16 for the European elections

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What early 2024 polls are revealing about voters of color and the GOP

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Science

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...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

Technology

$73M Crypto Scam: Two Foreign Nationals Arrested for 'Pig Butchering'

The Justice Department prosecuted two Chinese nationals on Friday in a cryptocurrency scam that laundered at least $73 million from deceived victims. Defendants Allegedly Used Shell Corporations to Launder Funds Through...

Tether's $1B USDT Mint Boosts Bitcoin, Eyes on $70K Milestone

Bitcoin has switched its former resistance into support, as Tethers market capitalization continues to rise swiftly in 2024. Tether, the worlds largest stablecoin, has issued another $1 billion, raising its market...

Crucial SHIB Warning Goes Out: Fake Airdrop Scams Targeting Community, Here's Reason

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China To Drive Next Rally in Bitcoin, Gold Prices: Tapiero's Bold Predictions

The prospective outlook for Chinas economy, combined with speculation of Quantitative Easing (QE) in the regions real estate industry, is expected to have an impact on Bitcoin (BTC) and gold prices and liquidity in the...

Microsoft Integrates AMD AI Chips into Azure, Competing with Nvidia’s GPU Offerings

Microsoft announced Thursday that it will integrate AMDs MI300X processors into its Azure cloud services, offering a competitive alternative to Nvidias GPUs. Azures New AI Processing Power According to Reuters,...