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Wed, May 15, 2024 05:50 PM All times are UTC

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CADCHF faces strong resistance at 0.7410, break above targets 0.7450/0.7515

Apr 12, 2016 10:50 am UTC| Technicals

Major resistance 0.7410 (trend line joining 0.75168 and 0.7457) Minor support 0.7370 CAD/CHF is facing strong resistance around 0.7410 and any break above confirms minor trend reversal .The pair has made a high...

US OIL breaks major resistance $40.80, targets $41.87/$42.73

Apr 12, 2016 09:44 am UTC| Technicals

Major resistance - $40.80 (trend line joining $50.91 and $41.87) Major support - $39 (7 day EMA) US Oil has broken major resistance $40.80 and jumped till $40.89. It is currently trading around 40.75. Short...

EUR/USD forms Diamond pattern, sell below 1.13800 for further weakness

Apr 12, 2016 09:42 am UTC| Technicals

Pattern Formed- Diamond pattern Major resistance -1.1450 Major support - 1.1370 The pair is trading in narrow range between 1.1370 and 1.14454 for the past two trading session. It is currently trading around...

FX Hedging Strategy Series

FxWirePro: Capitalize on AUD/CAD's mild IVs for

Apr 12, 2016 09:26 am UTC| Technicals

Technical Glimpse: Although it has taken support at 0.9792 (channel resistance), bullish momentum is not convincing on technical indicators. It is now facing a stiff resistance at 0.9880 levels (i.e. near...

FxWirePro: Swedish crown hits fresh four-week high of 9.2079 crowns per euro after better-than-expected inflation data

Apr 12, 2016 08:26 am UTC| Technicals

EUR/SEK is currently trading around 9.2248 levels. It made intraday high at 9.2630 and low at 9.2079 levels. Today Sweden released CPI data with positive numbers at 0.5% m/m vs 0.3% m/m previous...

GBP/JPY breaks minor resistance 154.50, jump till 155.35/155.80 is possible

Apr 12, 2016 07:35 am UTC| Technicals

Major resistance 155.35 (3 W EMA) Minor support -153.50 The pair has broken minor resistance 154.50 and jumped till 154.62 at the time of writing. It is currently trading around 154.41. Intraday trend is...

FxWirePro: Silver hovers around key resistance at $15.92, a break will target $16.34/$17.75 marks

Apr 12, 2016 07:31 am UTC| Technicals

XAG/USD is currently trading around $15.90 marks. It made intraday high at $15.93 and low at $15.76 levels. Intraday bias remains slightly bullish till the time pair holds immediate support level at $15.85...

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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...

If the RBA’s right, interest rates may not fall for another year. Here’s why.

The Reserve Bank is now assuming Australians will see no interest rate cuts this year and quite possibly none before the next federal election, due next May. Thats a big change compared to just three months ago. Back...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

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...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

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

Shiba Inu Rep Lucie Makes Major Bullish Statement on Shibarium Coins

Lucie, the Shiba Inu teams official marketing head, has taken to her X social media account (previously known as Twitter) to declare the SHIB, BONE, and LEASH pricing behavior she expects to see during a hypothetical...

Tesla Cybertruck to Receive Full Self-Driving V12.5 Update in June, Elon Musk Announces

Elon Musk provided a new update on the Tesla FSD development, which appears to be moving faster than anticipated. FSD V12.4, which aims to enhance miles per intervention by tenfold over V12.3, is set to begin internal...

Spot Bitcoin ETF: Vanguard Might Join BlackRock in Major Market Shift

With the appointment of new CEO Salim Ramji, Vanguard may soon enter the spot Bitcoin ETF market, potentially joining industry leader BlackRock and marking a significant shift in the investment landscape. Vanguards New...

FLOKI Price Soars 14% After Revolut Listing, Market Rally Anticipated

The price of FLOKI surged over 14% today following its listing on Revolut Business, Europes largest neobank, driving investor enthusiasm and market optimism for continued gains. FLOKIs 14% Surge Follows Revolut Listing...

GameStop, AMC Stocks Soar as 'Roaring Kitty' Returns, Sparking Meme Stock Frenzy

Shares of retail investor favorites GameStop and AMC Entertainment surged on Tuesday, fueled by social media posts from Keith Gill, also known as Roaring Kitty, the key figure behind the 2021 meme stock...