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FxWirePro: Buy GBP/JPY above 146.85

Nov 13, 2018 06:55 am UTC| Technicals

Major resistance - 146.85 (trend line resistance) GBP/JPY has halted its two days of loosing streak and shown a minor recovery of more than 0 pips from low of 146.18. The pair declined more than 300 pips after...

FxWirePro: GBP/NZD slips into weekly cloud, on track for further weakness as Brexit woes linger

Nov 13, 2018 06:39 am UTC| Technicals Research & Analysis

GBP/NZD chart on Trading View used for analysis GBP/NZD trades 0.35% lower on the day at 1.9080 at the time of writing. Price action has dipped below weekly cloud, is extending weakness for 6th straight...

FxWirePro: Gold slightly higher on weak global stock markets, good to buy on dips

Nov 13, 2018 05:49 am UTC| Technicals

Gold hits low of $1200 and shown a minor recovery on global sell-off in stock market. The major three factors that drive gold prices US dollar Index: Neutral for intraday.DXYhas broken major trend line resistance...

FxWirePro: EUR/USD momentary upswings unlikely to counter steep slumps as both momentum and trend indicators signal further slumps

Nov 13, 2018 05:39 am UTC| Technicals Insights & Views

EURUSDinterim upswings are not backed by technical indicators, current prices plummet well below DMAs on gravestone doji pattern at stiff resistance (i.e. 1.1509 levels). For now, further slumps seem to be most likely on...

FxWirePro: 200-DMA caps upside in GBP/AUD, break below 61.8% Fib to see further weakness

Nov 13, 2018 05:12 am UTC| Technicals Research & Analysis

GBP/AUD chart on Trading View used for analysis GBP/AUD bounces off 61.8% Fib support to close in the green on Mondays trade. The pair however remains capped below 200-DMA and we see further upside only on break...

FxWirePro: NZD/CHF resumes upside after brief consolidation above 200-DMA, stay long above 61.8% Fib

Nov 13, 2018 04:52 am UTC| Technicals Research & Analysis

NZD/CHF chart on Trading View used for analysis NZD/CHF is trading 0.55% higher on the day at 0.6818 at the time of writing. After a brief period of consolidation the pair is set to resume upside. Price...

FxWirePro: EUR/JPY attempts minor recovery from fresh Nov lows, bias lower as Italian yields elevated with government unwavering on deficit

Nov 13, 2018 03:42 am UTC| Technicals Research & Analysis

EUR/JPY chart on Trading View used for analysis EUR/JPY attempts recovery from fresh November lows at 127.50, bias remains bearish. Italy draft budget expected Tuesday but the Italian government remains adamant...

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Economy

Will government investment make green hydrogen a reality in Australia?

In the budget last week, the government was keen to talk about its efforts to turn Australia into a renewable superpower under the umbrella of the Future Made in Australia policies. Future Made is a framework that sets...

Small businesses can help South Africa fight unemployment if they get proper support – study

South Africa has an alarming unemployment rate of approximately 32.1%. Solutions have been elusive. The unemployment rate has been consistently high for decades. Our research has revolved around entrepreneurship. We...

Australia is set to ban live sheep exports. What will this mean for the industry?

This month the federal government announced a plan to ban live sheep exports, set to come into effect from May 1 2028. The announcement coincided with the release of a highly anticipated report by an independent panel...

Latest inflation figures are good news

The U.S. economy is slowing, but not crashing. In the dismal science, this is what counts as good news. Thats the message I took away from the latest inflation data, released May 15, 2024, which showed U.S. consumer...

The budget is full of good news, but good news isn’t the same as good management

This years budget has something for everyone, with very little in the way of cuts and no new taxes. Its a classic good news pre-election budget. Whether it is too good to be true hinges on whether this budget...

Politics

Why the US government is intervening in the live music business and could break up Live Nation Entertainment – a music industry scholar explains

The U.S. Justice Department, along with 29 states and the District of Columbia, have filed an antitrust lawsuit against Live Nation Entertainment, the parent company of Ticketmaster. The lawsuit alleges that Live Nation...

6 ways to foster political discourse on college campuses

With deep divisions on college campuses most recently over the conflict in the Gaza Strip and Israel many observers fear that universities are not places where students can discuss divisive issues with people who...

How Iran selects its supreme leader

The sudden death of President Ebrahim Raisi is unlikely to drastically alter Irans foreign and domestic policies, but it has left a power vacuum. As stipulated by the constitution, Raisi was replaced by his first vice...

Why the upcoming South African election a massive milestone for the ruling ANC

South Africans governing party, the African National Congress (ANC), is in trouble. After 30 years in charge, it is scrambling for support ahead of the upcoming national elections. The ANC has run the country since the...

How Modi is using TV, film and social media to sway voters in India’s election

As the worlds largest electorate goes to the polls in India, political parties are seeking to sway voters through popular culture, like film. Although cinema has long reflected and influenced the countrys political and...

Science

Ancient DNA from an extinct native duck reveals how far birds flew to make New Zealand home

Ask a bird lover if they have heard of the extinct giant moa or its ancient predator, Haasts eagle, and the answer will likely be yes. The same cant be said of New Zealands extinct, but equally unique, mergansers a group...

Black holes are mysterious, yet also deceptively simple − a new space mission may help physicists answer hairy questions about these astronomical objects

Physicists consider black holes one of the most mysterious objects that exist. Ironically, theyre also considered one of the simplest. For years, physicists like me have been looking to prove that black holes are more...

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...

Technology

Hyundai IONIQ 5 Leads US Production with $7,500 Tax Credit; Chevy Offers No Payments on Equinox, Blazer EVs

Chevy offers no payments on Equinox and Blazer EVs for 120 days, but heres the deal. Meanwhile, Hyundai IONIQ 5 to lead US production at the new EV plant with a $7,500 tax credit in sight. Chevrolet Launches Equinox and...

Ripple CEO Predicts Unavoidable Launch of XRP ETF at Consensus 2024

At Consensus 2024, Ripple CEO Brad Garlinghouse declared that XRP ETFs are inevitable, anticipating the cryptocurrency markets growth to $5 trillion, fueled by recent spot Bitcoin and Ether ETF approvals. Garlinghouse...

US President Joe Biden Vetoes SAB 121 Repeal, Sparks Crypto Industry Backlash

President Joe Biden vetoed the repeal of SECs SAB 121, prioritizing investor and consumer welfare, sparking significant controversy in the cryptocurrency industry. Bidens Veto on SECs Crypto Accounting Bulletin Faces...

Oklahoma Senate Approves Tax Breaks for Bitcoin and Crypto Mining Operations

The Oklahoma Senate has passed House Bill 1600, which provides tax exemptions for Bitcoin and cryptocurrency mining. The bill aims to bolster the states blockchain industry and economy. Oklahoma Senate Approves House...

Kia EV9 American Production Starts in Georgia, Qualifying for Federal Tax Credit Up to $7,500

Although the three-row Kia EV9 has been a huge success up to this point, it does have one significant drawback: because it is manufactured in Korea, it is not eligible for a tax credit of up to $7,500 unless it is obtained...