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Thu, May 16, 2024 02:29 AM All times are UTC

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FxWirePro: EUR/USD trades weak on declining bund yields, good to sell on rallies

Mar 28, 2018 11:15 am UTC| Technicals

EUR/USD is trading slightly below 1.2400 after a minor recovery till 1.24200. The pair minor weakness was due to decline in German bund yields which trades below 0.5%. The increase safe haven has prevented investors to go...

FxWirePro: NZD/USD fails at 0.73 handle, good to go short on close below 5-DMA

Mar 28, 2018 11:02 am UTC| Technicals

NZD/USD extends decline for 2nd consecutive day after upside was rejected at 0.73 handle. The Reserve Bank of New Zealand (RBNZ) Change in governance keeping the kiwi subdued. The RBNZ is projected to stand pat...

FxWirePro: WTI CFDs repeat the history with display of shooting star in minor trend, bulls in major trend unlikely to exhaust – Short trades and long hedges

Mar 28, 2018 11:01 am UTC| Technicals Insights & Views

Spot out WTI CFDs frequent occurrences of shooting stars and hanging man patterns at peaks of recent rallies (refer circular areas on the daily chart). Subsequently, these bearish patterns evidence slumps, more weakness...

FxWirePro: USD/CHF trades higher on decreasing safe haven demand, good to buy on dips

Mar 28, 2018 10:06 am UTC| Technicals

USDCHF has been trading on the higher side in todays Asian session. The pair hits low of 0.94585 yesterdays US session and shown a good recovery on easing US-China trade war. The increase in risk appetite has dragged the...

FxWirePro: EUR/JPY finds stiff resistance at 200-DMA (131.90), break below 5-DMA to see further weakness

Mar 28, 2018 09:45 am UTC| Technicals

EUR/JPY rejected at 200-DMA again on Tuesdays trade, slips lower to close below 21-EMA. Minor recovery attempts on the day was rejected at session highs at 131.17, slips below 131 handle. The pair finds stiff...

FxWirePro: GBP/JPY trades in narrow range, good to sell on rallies

Mar 28, 2018 09:20 am UTC| Technicals

GBP/JPY has shown a good jump after hitting low of 148.93 yesterday on account good recovery in GBP against all majors. GBP recovered sharply against USD on hopes of fresh solution on Irish border. Yen declined yesterday...

FxWirePro: Silver trades marginally lower, downside limited

Mar 28, 2018 08:46 am UTC| Technicals

XAG/USD is currently trading around $16.47 marks. It made intraday high at $16.55 and low at $16.43 levels. Intraday bias remains neutral till the time pair holds key support at $16.42 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

Dovish CPI Inflation Boosts AI Coins--Is WienerAI The Top Crypto Pick?

The April Consumer Price Index bodes well for risky assets, with US stocks and cryptocurrencies rallying in the aftermath. The YoY headline CPI data came in at 3.4%, exactly in line with market forecasts. The MoM...

Bitcoin Soars on Cooling US CPI Inflation Data, Investor Sentiment Improves

The Bitcoin price remains constant, as investors appear to have dismissed inflation concerns, particularly following the recent U.S. The Consumer Price Index (CPI) has been released. Notably, market investors were keenly...

Shiba Inu Rep Lucie Makes Major Bullish Statement on Shibarium Coins

Lucie, the Shiba Inu teams official marketing head, has taken to her X social media account (previously known as Twitter) to declare the SHIB, BONE, and LEASH pricing behavior she expects to see during a hypothetical...

Tesla Cybertruck to Receive Full Self-Driving V12.5 Update in June, Elon Musk Announces

Elon Musk provided a new update on the Tesla FSD development, which appears to be moving faster than anticipated. FSD V12.4, which aims to enhance miles per intervention by tenfold over V12.3, is set to begin internal...

Spot Bitcoin ETF: Vanguard Might Join BlackRock in Major Market Shift

With the appointment of new CEO Salim Ramji, Vanguard may soon enter the spot Bitcoin ETF market, potentially joining industry leader BlackRock and marking a significant shift in the investment landscape. Vanguards New...