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GBP/CAD breaks major resistance around 2.036, targets 2.0420

Nov 20, 2015 12:17 pm UTC| Technicals

Potential Reversal Zone (PRZ)- 2.033 GBP/CAD has broken major resistance 2.033 and jumped till 2.0360. It is currently trading at 2.033. The pair has declined till 2.0197 after making a high of 2.0344 (18th Nov...

AUD/CHF breaks major resistance 0.7315, jump till 0.7500 is possible

Nov 20, 2015 11:57 am UTC| Technicals

Break out level- 0.7315 (Jun 2015 high) The pair has broken a major resistance 0.7315 and jumped till 0.7322. It is currently trading at 0.7318. On the downside the support is around 0.7270 and break below will...

USD/JPY Trade Idea

Nov 20, 2015 11:04 am UTC| Technicals

Potential reversal Zone -122.80 (trend line joining 120.25 and 122.22) The pair has broken this level and declined till 122.62 and is currently trading around 122.75 Intraday trend is positive as long as...

FxWirePro: RSI & stochastic oscillators leading EUR/USD extended dips upto 1.05

Nov 20, 2015 10:43 am UTC| Technicals

Euro has been collapsing from the peaks of May 2014 (almost more than 78.6% Fibonacci levels). Although some stability was seen from April15 but still there is no strength in recovery to reach at least 23.6% price gains...

GBP/AUD trades below trend line support, targets 2.0800

Nov 20, 2015 10:03 am UTC| Technicals

GBP/AUD breaks major trend line support 2.130 (trend line joining 2.0788 and 2.1130) and declined till 2.1166. It is trading at 2.1180. The pair is expected to decline till 2.0800 in short term. Technically...

FxWirePro: GBP/USD forms bullish cipher pattern, good to sell on rallies

Nov 20, 2015 09:22 am UTC| Technicals

Harmonic Pattern formed - Bullish Cypher pattern Potential Reversal Zone (PRZ) - 1.5370 (Trend line joining 1.5658 and 1.5506) Cable has made high of 1.5335 and retreated from that level. Overall trend is still...

FX Hedging Strategy Series

FxWirePro: Use EUR/USD vega binary puts to trade on HY vols

Nov 20, 2015 09:13 am UTC| Technicals

As you can see from the nutshell showing implied volatilities of ATM contracts (EURUSD of next months expiries show 11.75% which is the highest among G20 majors). We recommend on speculation basis buying one touch vega...

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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

Bloomberg Unveils Causes of Bitcoin, ETH, SOL, XRP, SHIB Price Plunge Amid Market Turbulence

Crypto trading volumes on major cryptocurrency exchanges fell dramatically in April. Trading volumes declined for the first time in seven months after Bitcoins price fell from an all-time high of $73,800, Bloomberg...

Harvest CEO Eyes Bitcoin ETF Entry into Mainland China via Hong Kong's ETF Connect

Harvests CEO feels that the Hong Kong-mainland China ETF bridge initiative can potentially expand crypto ETF access in mainland China. Harvest Explores Offering Bitcoin and Ether ETFs to Mainland Chinese Investors via...

Samsung Follows Apple, Abandons Autonomous Driving and EV Research Initiatives

Samsung has reportedly halted its autonomous EV driving research project. The companys Advanced Institute of Technology branch has dropped autonomous driving from its research initiatives. This move comes after allegations...

SHIB Burns Skyrocket 5,803%: 26.4 Million Shiba Inu Sent Ablaze in Meme Coin Surge

Shibburn, a popular meme coin explorer, has reported a significant spike in the burn rate of Shiba Inu, the second-largest meme cryptocurrency in market capitalization value. In the meantime, the SHIB price has risen...

Apple Reportedly Inks Deal with Samsung for Foldable Displays, Hints at Future Products

Speculations that Samsung Display was trying to sign Apple as its next big foldable display client surfaced online, but nothing was set in stone because Apple was unsure about building foldable products. However, Apples...