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Fri, May 10, 2024 07:12 AM All times are UTC

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GBP/CAD breaks major trend line support, targets 1.9700

Jan 27, 2016 12:32 pm UTC| Technicals

Major support - 2.019 (trend line joining 1.87142 and 1.9845) The pair has broken major support 2.019 confirms minor trend reversal a decline till 1.9845/1.9700 in short term. On the higher side major resistance...

GBP/JPY Trade Idea

Jan 27, 2016 12:22 pm UTC| Technicals

Major resistance -170.35 (Jan 22nd 2016) The pair has once again recovered after making a low of 166.97. It is currently trading around 169.27. GBP/JPY reached 170 today morning and started to decline from that...

Gold fails to cross major resistance at $1122, downside correction likely

Jan 27, 2016 10:53 am UTC| Technicals

XAU/USD is currently trading at $1117 levels and made new intraday low at $1116.48 levels. Pair rebounded from todays high and core resistance level at $1122. FOMC in focus as Fed will most likely leave...

FX Hedging Strategy Series

FxWirePro: AUD reach 2 week’s highs cushioned by CPI but trade terms still edgy – risk averse should offset AUD/USD risks via straddles

Jan 27, 2016 10:51 am UTC| Technicals

For AUD, rate solidity remains a bearish force for the currency, but in 2016 it will be driven by Fed hikes rather than RBA easing (we think the RBA is done). AUD jumped to 2 weeks highs of 0.7051 after the Australian...

FxWirePro: DAX faces major support at 9560, good to buy at dips

Jan 27, 2016 09:55 am UTC| Technicals

The index has broken major resistance 9830 (Jan 22nd high) and jumped till is currently trading around 9780. Any minor weakness can be seen only below 9560 (Kijun-Sen) and any break below 9560 will drag the index down...

GBP/JPY faces strong resistance at 170.35, break above targets 175

Jan 27, 2016 09:19 am UTC| Technicals

FX Hedging Strategy Series

FxWirePro: Fly with AUD currency counterparts as risk reversal still signals more vulnerability in Aussie dollar

Jan 27, 2016 09:14 am UTC| Technicals

As the risk appetite mounting to newer statures, it should be no wonder that the Australian dollar is pushing indefinable bearish levels against many of its fundamentally staggered currency counterparts. This past week,...

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Economy

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...

US long-term care costs are sky-high, but Washington state’s new way to help pay for them could be nixed

If you needed long-term care, could you afford it? For many Americans, especially those with a middle-class income and little savings, the answer to that question is absolutely not. Nursing homes charge somewhere...

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 Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

US election: why it’s not the protesters’ votes that the Democrats should worry about

As hundreds of New York police officers in riot gear were called in to clear away a student protest at Columbia University on Tuesday night, the university president Nemat Shafik was saying she had no choice but to take...

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

Former SEC Commissioner Criticizes Broad Crypto Definitions, Lubin Challenges SEC

At the TokenizeThis 2024 conference, former SEC Commissioner Troy Paredes criticized the SEC for its expansive interpretation of digital assets as securities. Concurrently, Ethereum co-founder Joseph Lubin at the F.T. Live...

Pantera Capital Sets Record with Massive Investment in Telegram's TON

Pantera Capital has announced a record-breaking investment in Telegrams TON blockchain, marking its largest commitment to date and signifying robust confidence in blockchains future. This strategic move underscores a major...

Xiaomi SU7 Fails After 39km, Company Offers Compensation and Replacement

In a recent setback, a Xiaomi SU7 electric vehicle owned by Mr. Wen malfunctioned after just 39 kilometers, leading to significant customer dissatisfaction. Xiaomi has responded by offering compensation and agreeing to...

OpenAI Set to Unveil Google Rival Search Tool Next Monday, Sources Reveal

OpenAI, in partnership with Microsoft, is slated to announce a groundbreaking AI-powered search tool on May 13, challenging Googles dominance just a day before its major I/O conference, according to sources. OpenAIs...

Ripple Partner SBI Holdings to Form Joint Venture in Japan with Chiliz for Sports Tokens

SBI Digital Holdings, a Ripple Labs partner, has revealed plans to deliver sports fan tokens to the Japanese market. The company announced a deal with Chiliz on May 9 to launch a sports and entertainment joint...