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Wed, May 15, 2024 12:39 AM All times are UTC

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FxWirePro: GBP/AUD struggles at 200W SMA at 1.8378, further upside only on break above

Mar 26, 2018 09:25 am UTC| Technicals

GBP/AUD is trading in a Rising Wedge pattern and price has shown a break above Wedge Top at 1.8295 in last weeks trade. The pair is currently trading in an extremely narrow range and finds major resistance at 200W SMA...

FxWirePro: AUD/CAD tests channel base support, decisive break below required for further downside

Mar 26, 2018 08:32 am UTC| Technicals

AUD/CAD tests channel base support at 0.9925, hits lowest since Feb 27th. Downside has held above 0.99 handle, break below will see further weakness. The pair has paused 7 straight sessions of downside and is...

FxWirePro: USD/ZAR hits fresh 4-week low at 11.60 mark, stay bearish

Mar 26, 2018 08:27 am UTC| Technicals

USD/ZAR is currently trading around 11.63 levels. It made intraday high at 11.70 and low at 11.60 levels. Intraday bias remains bearish till the time pair holds key resistance at 11.92 mark. A daily close...

FxWirePro: AUD/JPY recovers from 14-month lows at 80.50, finds stiff resistance at 81.48

Mar 26, 2018 07:33 am UTC| Technicals

AUD/JPY edges higher from 14-month lows at 80.50, hovers around 5-DMA at 81.42. The pair is trading 0.97% higher on the day as risk-recovery knocks-off demand for the Yen. The pair finds strong resistance at...

FxWirePro: Chinese yuan continues to trade flat, PBOC sets yuan mid-point at 6.3193 per U.S. dollar

Mar 26, 2018 07:13 am UTC| Technicals

USD/CNY is currently trading around 6.3087 marks. It made intraday high at 6.3159 and low at 6.3072 levels. Intraday bias remains neutral till the time pair holds key support at 6.3110 marks. A sustained...

FxWirePro: EUR/JPY shooting star, hanging man and engulfing patterns pop up at 61.8% fib. Retracement in consolidation phase – Trade tunnel spreads

Mar 26, 2018 06:43 am UTC| Technicals Insights & Views

Chart and candlestick pattern formed- Bearish RSI divergence, shooting stars at 130.417 on daily terms and 132.336 levels on monthly terms. Hanging man patterns at 135.157 and 135.523 levels on the monthly chart, bearish...

FxWirePro: Gold forms Bearish Gartley Pattern, good to sell on rallies

Mar 26, 2018 06:42 am UTC| Technicals

Harmonic pattern formed Bearish Gartley pattern. Potential Reversal Zone (PRZ) - $1361. Gold has shown a good jump in previous week almost more than $40 on account of increasing safe haven demand due to trade...

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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...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

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...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

Science

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...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Pepe Coin Reaches New ATH as Smart Money Moves 250.5B PEPE Tokens

Pepe currency has emerged as one of the most promising cryptocurrencies in the meme coin industry this year, recently reaching a new all-time high. Despite the turmoil in the broader crypto market, the coin has defied...

Analysts Predict Bitcoin (BTC) Surge to $70K Soon, Here’s Why

Despite a rise beyond $63,000 on May 13, Bitcoins price has fallen to $61,500 today (May 14). One cause for the drop could be Coinbases operating troubles. System Outage on US-Based Exchange Repairs, Analysts Predict...

1.5 Trillion Shiba Inu (SHIB) Transacted in 24 Hours: Is a Comeback Imminent?

Shiba Inu has seen 1.5 trillion SHIB tokens move in huge deals over the previous 24 hours. These whale-tier transactions take place during a significant volume rise in the market over the last 48 hours. Shiba Inu may...

Huawei Disputes Kirin X-Series PC Chip Rumors Amid Intel, Qualcomm Export License Cancellation

Huawei has denied allegations about its Kirin X-series PC chip development following the revocation of Intel and Qualcomms export licenses by the United States. Intel Export License Revocation Recently, the United...

OKX Expands to Australia, Introduces BTC, ETH, SOL Trading Options

OKX, a leading worldwide cryptocurrency exchange and Web3 technology business, has officially launched its crypto exchange services in Australia. This expansion is a big milestone for OKX, since it now provides spot (buy...