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Sun, May 19, 2024 06:58 AM All times are UTC

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FxWirePro: BTC/EUR extends weakness below daily cloud, eyes trendline support at 5775, stay short on upticks

May 28, 2018 09:30 am UTC| Technicals Digital Currency

BTC/EUR is extending weakness below daily cloud, bias bearish. Upside remains capped at 5-DMA and we see minor upside only on close above. Momentum and trend indicators support downside in the pair. We see -ve...

FxWirePro: Swedish krona falls against euro after retail sales, trade balance data

May 28, 2018 08:54 am UTC| Technicals

EUR/SEK is currently trading around 10.2378 levels. It made intraday high at 10.2463 and low at 10.1997 levels. Intraday bias remains bullish till the time pair holds key support at 10.1997 mark. A daily...

FxWirePro: USD/ZAR hovers around 12.50 mark, bias remains neutral

May 28, 2018 08:20 am UTC| Technicals

USD/ZAR is currently trading around 12.45 levels. It made intraday high at 12.51 and low at 12.42 levels. Intraday bias remains neutraltill the time pair holds key support at 12.40 mark. A daily close...

FxWirePro: USD/JPY gravestone doji and shooting star plummet prices below DMAs, more slumps likely on potential shooting star on major trend

May 28, 2018 07:47 am UTC| Technicals

USDJPY major stiff resistance levels are observed at 111.458, 110.052 and 109.8041 (i.e. 21DMA levels). While gravestone doji and shooting star patterns have occurred at 110.736 and 111.037 levels to signal weakness,...

FxWirePro: EUR/JPY struggles to extend bullish gap open, upside capped at 5-DMA (128.58)

May 28, 2018 07:45 am UTC| Technicals

EUR/JPY has slipped lower from session highs at 128.53 to currently trade at 128.02 levels. The major opened with a bullish gap, but failed to extend momentum higher. Upside was capped below 5-DMA at...

FxWirePro: USD/CNY trades in narrow range, PBOC sets yuan mid-point at 6.3962

May 28, 2018 07:19 am UTC| Technicals

USD/CNY is currently trading around 6.3923 marks. It made intraday high at 6.3924 and low at 6.3884 levels. Intraday bias remains neutral for the moment. A sustained close above 6.3902 marks will test key...

FxWirePro: Gold declines on easing safe haven demand, good to sell on rallies

May 28, 2018 07:10 am UTC| Technicals

Gold prices has declined almost $10 from the high of $1307.50 on slightly easing geo political tensions. The yellow metal recovered almost $25 from the low of $1282 on account of renewed geo political tensions between US...

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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...