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Sat, May 18, 2024 06:31 AM All times are UTC

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FxWirePro: USD//INR hovers around key support at 68.20 mark, sustained close below requires for downside rally

Jul 17, 2018 06:17 am UTC| Technicals

USD/INR is currently trading around 68.30 marks. It made intraday high at 68.40 and low at 68.21 marks. Intraday bias remains neutral till the time pair holds key support at 68.15 mark. Key resistances are...

FxWirePro: NZD/JPY breaks above 55-EMA at 76.21, eyes major trendline resistance at 77.10

Jul 17, 2018 05:28 am UTC| Technicals

Kiwi buoyed after RBNZs preferred measure of core inflation hit a 7-year high. Data released earlier today showed NZ Q2 CPI data that arrived at 0.4% and slightly lower than the 0.5% expected. RBNZs preferred...

FxWirePro: Nikkei trades higher on weak yen and easing crude oil price, good to buy on dips

Jul 17, 2018 05:20 am UTC| Technicals

Asian markets are trading slightly lower excluding Nikkei rose more than 0.5% on account of weak yen and easing crude oil prices. WTI crude lost more than $2 yesterday after US treasury department eases Iran sanctions. US...

FxWirePro: USD/TWD hovers around 30.50 mark, faces immediate resistance at 30.70 mark

Jul 17, 2018 04:57 am UTC| Technicals

USD/TWD is currently trading around 30.50 marks. It made intraday high at 30.57 and low at 30.49 marks. Intraday bias remains neutral for the moment. A daily close above 30.70 will drag the parity up towards...

FxWirePro: AUD/USD dented after dovish RBA minutes, break below 0.74 handle to see further weakness

Jul 17, 2018 04:20 am UTC| Technicals

Aussie holds moderate losses after dovish RBA minutes, intraday bias neutral. RBA minutes released earlier today showed the policymakers do not see a strong case for a near-term move in interest rates. Policy...

FxWirePro: USD/THB moves in stiff boundaries, bias remains neutral

Jul 17, 2018 03:37 am UTC| Technicals

USD/THB is currently trading around 33.24 marks. It made intraday high at 33.27 and low at 33.22 marks. Intraday bias remains neutral till the time pair holds key support at 30.00 mark. On the top side, key...

FxWirePro: Singapore dollar remains unchanged despite lower than expected non-oil exports data

Jul 17, 2018 02:40 am UTC| Technicals

USD/SGD is currently trading around 1.3615 marks. It made intraday high at 1.3634 and low at 1.3611 levels. Intraday bias remains neutral till the time pair holds key support at 1.3608 mark. A daily close...

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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

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...

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...

Technology

Skechers Sales Surge as Growth Lags for Nike and Adidas; Nike Eyes 2024 Olympics

Skechers reported a significant sales boost last quarter, while Nike and Adidas struggled with growth. Nike aims to leverage the 2024 Summer Olympics in Paris to regain momentum and improve market performance. Skechers...

Binance Enhances SHIB, USTC, AGIX Trading and Liquidity for Better Market Dynamics

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience. Binances...

OpenAI Disbands Team Tackling AI Risks Amid Leadership Changes and GPT-4o Launch

OpenAI has dismantled its Superalignment team, initially formed to address AI risks, following the resignations of key leaders Ilya Sutskever and Jan Leike. OpenAI Disbands Superalignment Team Days After Leaders Resign,...

$73M Crypto Scam: Two Foreign Nationals Arrested for 'Pig Butchering'

The Justice Department prosecuted two Chinese nationals on Friday in a cryptocurrency scam that laundered at least $73 million from deceived victims. Defendants Allegedly Used Shell Corporations to Launder Funds Through...

Tether's $1B USDT Mint Boosts Bitcoin, Eyes on $70K Milestone

Bitcoin has switched its former resistance into support, as Tethers market capitalization continues to rise swiftly in 2024. Tether, the worlds largest stablecoin, has issued another $1 billion, raising its market...