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FX Hedging Strategy Series

FxWirePro: USD/CAD volatility warrants cautious approach as BoC stands pat in monetary policy, but commodities still a menace

Jan 21, 2016 15:45 pm UTC| Technicals

The pair is likely to perceive implied volatility close to 14.5% of 1W ATM contracts which is highest among G20 currency space, this that has increased from last weeks 8.25%. While risk reversals still indicate expensive...

FxWirePro: USD/JPY consolidating around 117.15 levels, bias is bearish

Jan 21, 2016 15:29 pm UTC| Technicals

USD/JPY has rebounded strongly after hitting minor support level at 116.45 and is bouncing to test resistance level at 117.27, the resistance level located 117.67 set to hold the bull from advancing further and push the...

FxWirePro: USD/CHF key support at 0.9990, bullish in the short term

Jan 21, 2016 14:58 pm UTC| Technicals

The USD/CHF rebounded sharply from 1.0055 levels, erasing the earlier losses, after ECB Press conference. ECB president Mario Draghi said, ECB will review its monetary policy due to financial turmoil around the world,...

FX Hedging Strategy Series

FxWirePro: USD/CAD forms “hanging man” with oscillators overbought pressures - CAD gets cushioned on BoC monetary policy

Jan 21, 2016 13:28 pm UTC| Technicals

USD/CAD uptrend is constrained by hanging man formation at peaks of 1.4577. While, leading oscillators indicates overbought pressures, the pair on EOD chart seems to evidence some short term dips upon these indications...

FxWirePro: GBP/AUD consolidating around 2.04 levels, 5-DMA caps upside

Jan 21, 2016 12:17 pm UTC| Technicals

GBP/AUD has been trading a falling channel since August, 2.0940 is strong resistance, daily cloud also weighs on the topside. Our short call...

FxWirePro: GBP/USD faces strong intraday resistance around 1.4200, good to sell on rallies

Jan 21, 2016 12:13 pm UTC| Technicals

GBP/USD has jumped till 1.41949 in the morning and started to decline from that level. It is currently trading around 1.4123. Intraday trend is still weak as long as resistance 1.4200 holds. Any break above...

FxWirePro: BTC/EUR faces resistance around 400, good to buy at dips

Jan 21, 2016 11:49 am UTC| Technicals Digital Currency

Major resistance -400 BTC/EUR has recovered after making a low of 326. It is currently trading around 381. Short term trend is bullish as long as support 325 holds On the higher side minor resistance is...

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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...

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...

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

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

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...

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

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

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

Shiba Inu: Top Analyst Identifies Coin as 'Potential Gold Mine'; Price Analysis Suggests 35% Upside

Top analyst Davie Satoshi sees Shiba Inu (SHIB) as a potential gold mine; price analysis predicts a 35% upside. Key Pattern in SHIBs Price Chart The Shiba Inu (SHIB) memecoin has caught the eye of many analysts....

Tesla Cybertruck Powers Houston Gas Station, Elon Musk Reacts to Saudi Prince’s Photo

A TikTok video showed a Tesla Cybertruck powering a Houston gas station after a tornado, while Elon Musk responded to a photo of a Saudi prince with a Cybertruck. Cybertrucks Real-World Test Connecting to a Tesla...

Shanghai's Data Policy Shift Could Propel Tesla's Local Data Center Efforts

Shanghais new data-export policy could accelerate Teslas plans to build a local data center, enhancing its artificial intelligence (AI) development for autonomous driving. Chinas Regulatory Update As China attempts...

CPI Report Spurs Optimism, BlackRock CIO Forecasts Fixed Income Growth

The release of the U.S. The Consumer Price Index (CPI) report provided a wave of relief to the financial markets. This signaled a possible reduction in inflationary pressures. Rick Rieder, Chief Investment Officer of...

Over 50 Million USDT Blacklisted by Tether Amid Regulatory Scrutiny, Details Inside

Tether has blacklisted five wallets holding 54.1 million USDT, amidst increasing regulatory scrutiny and past enforcement actions. Tether Blacklists Five Wallets Holding 54.1 Million USDT Amid Ongoing Regulatory...