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FxWirePro: USD/CAD trades higher on weak Canadian economic data, good to buy on dips

Apr 23, 2018 08:55 am UTC| Technicals

USD/CAD recovered sharply almost more than 250 pips from the low of 1.25275 made on Apr 17th 2018. Loonie jumped mainly due to weak economic data. The pair hits high of 1.27840 and is currently trading around...

FxWirePro: USD/JPY extends bullish gap open, eyes 38.2% Fib at 108.49, stay long

Apr 23, 2018 08:41 am UTC| Technicals

USD/JPY is extending bullish gap open, the pair is trading 0.24% higher on the day. The pair has been climbing steadily as the Greenback remains buoyed as Treasury yields continue to lift. Technical indicators...

FxWirePro: USD/CNY trades in narrow range, PBOC sets yuan mid-point at 6.3034

Apr 23, 2018 07:29 am UTC| Technicals

USD/CNY is currently trading around 6.2946 marks. It made intraday high at 6.2967 and low at 6.2892 levels. Intraday bias remains neutral for the moment. A sustained close above 6.3034 marks will test key...

FxWirePro: GBP/JPY takes support near trend line, good to buy on dips

Apr 23, 2018 07:11 am UTC| Technicals

GBP/JPY declined sharply almost 300 pips previous week on account of weak GBP. Pound sterling was trading weak against all majors in previous week on account of weak UK economic data.UK CPI , wage growth and retail sales...

FxWirePro: USD/ZAR hits fresh 2-month high at 12.15 mark, consistent close above requires for upside rally

Apr 23, 2018 07:06 am UTC| Technicals

USD/ZAR is currently trading around 12.14 levels. It made intraday high at 12.15 and low at 12.04 levels. Intraday bias remains bullish till the time pair holds key support at 11.94 mark. A daily close...

FxWirePro: ETH/EUR tests 110-EMA at 514, good to go long on decisive break above 520 (200-DMA)

Apr 23, 2018 07:01 am UTC| Technicals Digital Currency

ETH/EUR tests 110-EMA at 514 levels, decisive break above could see further upside. The pair is trading with a bullish momentum and decisive close above 110-EMA could see extension of gains. RSI shows strength...

FxWirePro: Nothing changed in USD/JPY after bullish engulfing pattern but major trend remain edgy on bearish crossovers despite interim rallies

Apr 23, 2018 06:52 am UTC| Technicals

USDJPY major stiff resistance is observed at 107.856 levels. We spotted out USDJPYs bullish engulfing patterns in our recent posts, ever since then the prices have gone above 7 and 21DMAs, signaling more rallies in the...

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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

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

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...

Over 50 Million USDT Blacklisted by Tether Amid Regulatory Scrutiny, Details Inside

Tether has blacklisted five wallets holding 54.1 million USDT, amidst increasing regulatory scrutiny and past enforcement actions. Tether Blacklists Five Wallets Holding 54.1 Million USDT Amid Ongoing Regulatory...

Altcoins Expected to Yield 2x-5x Gains by May End: Fetch.AI, Floki, AAVE, ENA

The latest climb in Bitcoins price beyond $65,000 on Wednesday sparked a new relief rally in the cryptocurrency market. Top altcoins are also profiting from the upward momentum, recovering from recent downturn tendencies....

US Orthodontic Leader Accepts Shiba Inu, Embracing Cryptocurrency for Payments

Shiba Inu, the popular meme coin, is experiencing a period of growth and increased utility. Amoré Orthodontic Aligners, a company that specializes in orthodontic care, recently announced that it will now accept SHIB...
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