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Tue, May 21, 2024 08:20 AM All times are UTC

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FxWirePro: AUD/JPY extends weakness for the 2nd straight session on rising risk-off

Jul 24, 2020 09:43 am UTC| Technicals

AUD/JPY chart - Trading View AUD/JPY was trading 0.65% lower on the day at 75.34, extending downside for the 2nd straight session. The pair seems to have been dented as risk aversion intensifies adding pressure on...

FxWirePro: EUR/JPY erases some losses on upbeat German and eurozone PMIs, 'Shooting Star' keeps downside pressure

Jul 24, 2020 09:25 am UTC| Technicals

EUR/JPY chart - Trading View The single currency was buoyed across the board after upbeat German and eurozone PMI data. German Preliminary Manufacturing PMI betters estimates with 50.0 in July. The pair is extending...

FxWirePro: Sell FTSE100 on rallies

Jul 24, 2020 09:11 am UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 6192 Kijun-Sen- 6213 FTSE100 is trading weak for 4th consecutive days on US-China trade tension and an increase in coronavirus cases. China retaliated to US...

FxWirePro: EUR/GBP extends gains on upbeat German PMIs, eyes 61.8% Fib at 0.9183

Jul 24, 2020 08:55 am UTC| Technicals

EUR/GBP chart - Trading View EUR/GBP was trading 0.20% higher on the day at 0.9117 at around 08:45 GMT, bias bullish. Euro buoyed as German Preliminary Manufacturing PMI betters estimates with 50.0 in July. The pair...

FxWirePro: GBPJPY Daily Outlook

Jul 24, 2020 08:36 am UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 136.03 Kijun-Sen- 135.47 GBPJPY showed a minor decline of more than 100 pips from a high of 136.62 on a slight decline in Pounds sterling. GBP lost more than 50...

FxWirePro: EUR/JPY Doji Threatens Interim Rallies, Major Downtrend Consolidates – Trade & Hedging Setup

Jul 24, 2020 06:50 am UTC| Technicals

EURJPY doji pops up at 123.916 levels, consequently, bears have been nudging prices towards 7-DMAs. Gravestone doji pops-up at 123.703 levels, ever since then, the pair shows volatile trend. For now, interim upswings...

FxWirePro: USD/JPY slumps over 0.40%, breach at 'Double Bottom' at 106 to open up downside

Jul 24, 2020 06:08 am UTC| Technicals

USD/JPY chart - Trading View USD/JPY slumped over 0.40% on the day and was trading at 106.40 at around 05:50 GMT. Risk-aversion intensifies across markets, major Asian equity indices like Nikkei, Kospi, and Hang Seng...

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Economy

Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon

Central banks in Europe are discovering an old dilemma: when they lower interest rates because inflation is slowing down, its likely to weaken their currencies. This in turn may delay the fall in inflation towards their...

Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity

Some believe that the war in Ukraine has fundamentally changed Europe, giving birth to a different kind of European order. That is, it appears to be driving structural shifts in the way Europe is run and organised that...

Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments

There are 8.5 million households in the UK who own a home with a residential mortgage, often with fixed interest rates from two to five years. Usually, when that mortgage deal ends, the borrower will move to another deal...

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...

Politics

Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act

At the end of April 2024, a long and peaceful process of national dialogue in Gabon between the military junta, presided over by coup leader General Brice Oligui Nguema, and civil society, represented by 580 civilians,...

How German media attention idealises female Ukrainian refugees

According to the latest available data, around 3.7 million Ukrainians are internally displaced, while nearly 6.5 million have registered as refugees globally. With 1.13 million, Germany has taken in the largest...

Over 26 million South Africans get a social grant. Fear of losing the payment used to be a reason to vote for the ANC, but no longer – study

Social grants to reduce poverty feature prominently in the campaign promises of political parties in South Africas 2024 national and provincial general elections, set for 29 May. The countrys social grants system is one...

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...

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

Ethereum Price Target Reaches $4,000; Altcoins Gain 20% Amid Market Rally

Ethereums price target has climbed to $4,000, reflecting market momentum. Meanwhile, altcoins have gained 20%, contributing to the market rally. SEC Decision Could Propel Ethereum Price Beyond $4,000 On Monday, the...

Shibarium BONE Token Set for Potential Binance Listing, Price Up by 5%

Binances recent request for project proposals has ignited the Shiba Inu community, fueling a 5% surge in BONE token price amid speculation of a potential listing. Binances New Strategy Supports Small-to-Medium...

Wendy’s Launches $3 Breakfast Deal as McDonald’s Tests Limited $5 Value Meal in June

Wendys will offer a $3 breakfast deal starting May 20, while McDonalds plans a $5 value meal for June, reflecting a strategic push to attract budget-conscious consumers amid high inflation. Wendys $3 Breakfast Deal...

Ethereum Trends Amid SEC ETH ETF Speculation and $341M Whale Purchases

Ethereum has become the top trending asset, driven by SEC ETH ETF speculation and massive whale purchases totaling $341 million in the past 24 hours. Ethereum Whales Boost Holdings by $341M as SEC ETH ETF Decision...

Analysts Suggest SEC May Reconsider Spot Ether ETF Denial Amid Market Speculation

Analysts James Seyffart and Eric Balchunas have increased the likelihood of the SEC approving a spot Ether ETF from 25% to 75%, citing new speculation about the regulators stance. ETF Analysts Increase SEC Spot Ether...