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Sun, May 19, 2024 07:56 AM All times are UTC

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FxWirePro: USD/CAD Trade Idea

May 28, 2018 13:36 pm UTC| Technicals

USD/CAD hits 2 week high at 1.29950 at the time of writing from low of 1.27496 almost 250 pips in previous week on account of huge decline in oil prices. It is currently trading around 1.29889. US is planning to...

FxWirePro: CAD/JPY trades lower on weak crude oil prices, good to sell on rallies

May 28, 2018 13:24 pm UTC| Technicals

CAD/JPY was trading extremely weak in previous week and declined almost 300 pips on account of weak crude oil prices. Canadian dollar was trading weak against all majors after crude oil declined more than 3%. The pair hits...

FxWirePro: LTCUSD faces strong support at 109, any break below targets $84

May 28, 2018 11:31 am UTC| Technicals

LTC/USD is continuing its weakness for fourth consecutive week. The pair has broken major trend line support at $127 and closed well below that level on weekly basis. The pair recovered till $140 in previous week and...

FxWirePro: EUR/USD remains quiet as UK and US market are on holiday, good to sell on rallies

May 28, 2018 11:10 am UTC| Technicals

EUR/USD pared its early gains and has broken previous week low of 1.16458. The pair hits intraday low of 1.16398 and is currently trading at 1.16429. The political uncertainty in Italy is the main event to be watched....

FxWirePro: ETH/EUR holds cloud base support at 442, good to go short on break below

May 28, 2018 11:01 am UTC| Technicals Digital Currency

ETH/EUR finds strong support at daily cloud base at 442 levels. The pair has edged higher from session lows at 442 to currently trade at 461 levels. Technical indicators are highly bearish. We see scope for...

FxWirePro: AUD/CAD struggles at 200-DMA (0.9823), break above to propel the pair higher

May 28, 2018 10:25 am UTC| Technicals

AUD/CAD is extending gains for the 3rd straight week, scope for further upside. The pair has broken above 50-DMA and hit 6-week high at 0.9838. Upside is currently struggling to extend gains above 200-DMA,...

FxWirePro: GBP/JPY trades flat on UK holiday, good to sell on rallies

May 28, 2018 09:56 am UTC| Technicals

GBP/JPY is continuing its weakness and has declined almost 400 pips in previous week. The pair hits low of 145.27 and shown a minor recovery due to easing geo political tensions. The renewed hopes of US President Trump...

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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

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....

Tesla Cybertruck Powers Houston Gas Station, Elon Musk Reacts to Saudi Prince’s Photo

A TikTok video showed a Tesla Cybertruck powering a Houston gas station after a tornado, while Elon Musk responded to a photo of a Saudi prince with a Cybertruck. Cybertrucks Real-World Test Connecting to a Tesla...

Shanghai's Data Policy Shift Could Propel Tesla's Local Data Center Efforts

Shanghais new data-export policy could accelerate Teslas plans to build a local data center, enhancing its artificial intelligence (AI) development for autonomous driving. Chinas Regulatory Update As China attempts...

CPI Report Spurs Optimism, BlackRock CIO Forecasts Fixed Income Growth

The release of the U.S. The Consumer Price Index (CPI) report provided a wave of relief to the financial markets. This signaled a possible reduction in inflationary pressures. Rick Rieder, Chief Investment Officer of...