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Fri, May 10, 2024 08:47 AM All times are UTC

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FxWirePro: AUD/JPY strong resistance at 89.15, good to sell rallies

Nov 26, 2015 06:19 am UTC| Technicals

Aussie was hammered on poor Australia capex data, pushing AUD/JPY lower. The pair failed near three-month highs and dropped sharply thereon, down around -0.39% to 88.67. Renewed weakness in USD/JPY on the back of a...

FX Hedging Strategy Series

FxWirePro: EUR/JPY weakness bolstering, just 65 pips away from our target - next targets at 128.05

Nov 26, 2015 05:51 am UTC| Technicals

Well, nothing much is happening but tumbling as anticipated earlier. Its advisable to use a combination of patterns and indicators to determine yourtrading strategy on swing trading perspectives. Most probable...

FxWirePro: GBP/JPY forms Bearish BAT Pattern, good to sell on rallies

Nov 26, 2015 05:36 am UTC| Technicals

Harmonic pattern formed- Bearish Bat Pattern Potential Reversal Zone (PRZ) - 186 Any break above 186 will take the pair to new level 187/188. On the down side minor support is 185 and break below targets...

FxWirePro: Poor Capex data weighs on the Aussie, good to sell AUD/USD rallies

Nov 26, 2015 04:01 am UTC| Technicals

Aussie bulls dented on the back of poor Capex data which came in well below expectations, leading to a free fall over 30 pips in AUD/USD. Given the disappointing Australian capex in Q3, there is likely to be downside...

EUR/USD forms falling wedge - Buy only above break out

Nov 26, 2015 02:50 am UTC| Technicals

Pattern formed- Falling Wedge Potential reversal Zone (PRZ) - 1.0700 (Falling wedge breakout) The pair has made a high of 1.06892 yesterday and broken major support 1.05900 and declined till 1.05660...

FxWirePro: EUR/USD key resistance at 1.0693, sell deals are recommended around 1.0670

Nov 25, 2015 17:32 pm UTC| Technicals

EUR /USD has pair has made short squeeze against US dollar by hitting high at 1.0642 during mid-morning US session, after the pair found support at 1.0565. However, the gains should be limited around 1.0670 as the...

FxWirePro: USD/CAD key support at 1.3278, buy deals are recommended around 1.3315

Nov 25, 2015 15:29 pm UTC| Technicals

The USD/CAD has rebounded back to reclaim 1.3000 levels, after briefly hitting lows earlier at 1.3278. However, in the European session the pair rebounded strongly and broke resistance level at 1.3315. Currently the...

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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...