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Tue, May 14, 2024 12:45 PM All times are UTC

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AUD/USD losses momentum ahead of RBA statement

Apr 04, 2016 19:02 pm UTC| Technicals

AUD/USD pair eased in US session as the pair lost bullish momentum on Monday as the pair succumbed to profit taking and mixed economic data release from Australia disappointed some buyers. The Reserve Bank of...

FxWirePro:Gold prices set to decline further, upside to be limited

Apr 04, 2016 14:56 pm UTC| Technicals

Gold has declined to trade around 1089 levels, giving earlier gains made in European session, as Fridays strong US jobs data boosted investors risk sentiment, while uncertainly continued about Federal Reserves rate hike...

FxWirePro: GBP/USD strongly bearish despite upside attempts

Apr 04, 2016 14:12 pm UTC| Technicals

The Sterling was the best performer against US dollar on Monday, as the pair extending its upward corrective movement towards 1.4321 levels, reaching the 50% retracement levels and gradually declining towards 1.4285 levels...

FxWirePro: USD/CAD key support at 1.2963, bullish in the short term

Apr 04, 2016 13:37 pm UTC| Technicals

USD/CAD pair has begun the week advancing higher from Fridays close to hit high around 1.3083 levels as investors ditched bullish bets on another price rise in oil and the chances the OPEC countries agreeing to cut their...

GBP/JPY Trade Idea

Apr 04, 2016 11:46 am UTC| Technicals

Minor resistance 158.60 (trend line joining 159.56 and 158.83) Major support -158 The pair has recovered after making a low of 158.16 at the time of writing. It is currently trading around 158.83. Intraday...

GBP/USD faces strong resistance around 1.4250, break above targets 1.4320/1.4360

Apr 04, 2016 10:11 am UTC| Technicals

Candle stick Pattern Formed- Hammer Potential Reversal Zone (PRZ) 1.4250 The pair has recovered after making a low of 1.4170 level. It is currently trading around 1.42286. On the higher side major...

FxWirePro: FTSE100 faces strong support at 6080, good to buy at dips

Apr 04, 2016 10:10 am UTC| Technicals

Major support -6080 (trend line joining 6006 and 6067) Major resistance 6250 The index has recovered after making a low of 6075. It is currently trading around 6163. Short term trend is slightly bullish as...

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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...

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,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

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...

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...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

Science

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...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

OKX Expands to Australia, Introduces BTC, ETH, SOL Trading Options

OKX, a leading worldwide cryptocurrency exchange and Web3 technology business, has officially launched its crypto exchange services in Australia. This expansion is a big milestone for OKX, since it now provides spot (buy...

President Joe Biden Orders Removal of Chinese-Owned Crypto Miner Near Wyoming Missile Base

President Joe Biden has ordered the removal of a Chinese-owned cryptocurrency mining company from land near a Wyoming missile base, citing national security concerns. The directive targets MineOne Cloud Computing...

Shiba Inu (SHIB) May Skyrocket 20% If This Happens, Analysts Warn of Risks

Shiba Inu (SHIB) may skyrocket 20% if it breaches a critical resistance level, analysts suggest. The cryptocurrency is currently hanging from the edge, facing pivotal support levels that will determine its next...

Hong Kong Bitcoin and Ether ETFs Experience Highest Net Outflows Since Launch

Hong Kongs Bitcoin and Ether ETFs have experienced record net outflows since launch, marking a significant downturn in investor sentiment and fund performance. Hong Kongs Bitcoin and Ether ETFs Face Unprecedented $52.5M...

Subaru and Toyota Collaborate on 3 New Electric SUVs, Citing ‘Huge Risk’ of Solo EVs

Subaru and Toyota are expanding their partnership to produce three new electric SUVs, with Subarus CEO citing the huge risk of developing EVs independently. Subaru Partners with Toyota to Reduce Risks in EV Development,...