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FxWirePro: South African rand trades flat ahead of prime rate decision

Jan 16, 2020 08:21 am UTC| Technicals

USD/ZAR is currently trading around 14.40 levels. It made intraday high at 14.42 and low at 14.36 levels. Intraday bias remains neutral for the moment. A daily close above 14.40 will take the parity...

Crypto Technicals: XRP/USD capped at daily cloud, break below 55-EMA negates near-term bullishness

Jan 16, 2020 08:06 am UTC| Digital Currency Technicals

XRP/USD chart - Trading View Exchange - Kraken Technical Analysis: Bias neutral GMMA Indicator: Major Trend - Neutral; Minor Trend - Neutral Overbought/ Oversold Index: Neutral Volatility: High Support:...

FxWirePro: USDCHF hits 5-month low, dip till 0.9540 possible

Jan 16, 2020 07:57 am UTC| Technicals

Ichimoku Analysis (Daily chart) Tenken-Sen- 0.96964 Kijun-Sen- 0.9770 USDCHF trades lower and hits 5-month low at 0.96305. The overall trend is still in bearish mode and any minor bullishness can be...

FxWirePro: Buy GBPJPY above 143.50

Jan 16, 2020 07:14 am UTC| Technicals

Ichimoku analysis (Hourly chart) Tenken-Sen- 143.32 Kijun-Sen- 143.07 GBPJPY recovered sharply from the low of 142.65 on the strong Pound sterling. It has halted its 3 days of losing streak on weak US...

FxWirePro’s CME Long Hedges Arrest Bitcoin’s Price Risks In Evolving Cryptocurrency Derivatives Markets

Jan 16, 2020 06:40 am UTC| Research & Analysis Digital Currency Technicals Insights & Views

CME Bitcoin futures price has surged by $2,045 to trade at $8,730 levels currently or spiked by over 28% as the underlying bitcoin price (BTCUSD) has also jumped above $8.5k areas so far in this month. The pair has jumped...

FxWirePro: USD/CNY trades in narrow range, stay long only above 6.9050 mark

Jan 16, 2020 06:39 am UTC| Technicals

USD/CNY is currently trading around 6.8903 marks. It made intraday high at 6.8914 and low at 6.8809 levels. Intraday bias remains neutral till the time pair holds key support at 6.8835 mark. A sustained...

Crypto Technicals: BTG/USD pullback holds above 200-DMA (11.438), bias bullish

Jan 16, 2020 06:30 am UTC| Digital Currency Technicals

BTG/USD chart - Trading View Exchange - Bitfinex Technical Analysis: Bias Bullish GMMA Indicator: Major Trend - Bullish; Minor Trend - Bullish Overbought/ Oversold Index: Highly overbought Volatility:...

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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

OpenAI Founders Sam Altman and Greg Brockman Defend After Safety Researchers Quit

OpenAI founders Sam Altman and Greg Brockman are defending their safety measures after top researchers Ilya Sutskever and Jan Leike resigned, highlighting internal disagreements on AI priorities. Key OpenAI Safety...

Analyst Predicts Ethereum ETF to Trigger Major ETH Market Moves Soon

Cryptocurrency analyst Michael van de Poppe forecasts that the upcoming Ethereum ETF announcement will cause significant market moves, despite a recent decline in trading volume. Ethereums ETF Announcement Expected to...

Venezuela Acts Tough on Crypto Mining Amid Energy Squeeze, Disconnects Bitcoin Farms

Venezuelas Ministry of Electric Power is disconnecting cryptocurrency mining farms from the national grid to manage energy demand and ensure a stable power supply. This measure follows the recent seizure of 2,000 Bitcoin...

AI 'Godfather' Warns of Job Displacement, Advocates for Universal Basic Income

Renowned AI godfather Geoffrey Hinton warns of significant job losses due to AI, urging governments to adopt universal basic income as a countermeasure. Hinton Advocates for Universal Basic Income According to...

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....