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Tue, May 14, 2024 05:43 AM All times are UTC

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FxWirePro: AUD/NZD breaks below 20-DMA, eyes trendline support at 1.0875, stay short

Feb 01, 2018 03:40 am UTC| Technicals

Aussie sold-off following disappointing Building Permits data for the month of December. AUD/NZD extended previous sessions slump, dragged lower below 20-DMA, hit session lows at 1.0915. The antipodean however...

FxWirePro: Chinese yuan trades marginally lower as Caixin manufacturing PMI data stays flat

Feb 01, 2018 03:11 am UTC| Technicals

USD/CNY is currently trading around 6.2955 marks. It made intraday high at 6.2987 and low at 6.2840 levels. Intraday bias remains slightly bullish till the time pair holds key support at 6.2834 mark. A...

FxWirePro: AUD/CAD holds 200-DMA support at 0.9897, good to go short on break below

Feb 01, 2018 02:52 am UTC| Technicals

AUD/CAD holds 200-DMA support at 0.9897, intraday bias bearish. The pair is down 0.17% on the day, we see weakness to extend on break below 200-DMA. Technical studies are bearish. RSI is biased lower. Stochs have...

FxWirePro: Japanese yen trades marginally lower despite higher than expected manufacturing PMI data

Feb 01, 2018 02:05 am UTC| Technicals

USD/JPY is currently trading around 109.36 marks. It made intraday high at 109.41 and low at 109.09 levels. Intraday bias remains slightly bullish for the moment. A daily close above 109.18 will take the...

FxWirePro: South Korean won depreciates as CPI, trade balance data fail to match expectations

Feb 01, 2018 01:09 am UTC| Technicals

EUR/KRW is currently trading around 1,327 mark. Pair made intraday high at 1,337 and low at 1,325 levels. Intraday bias remains bullish till the time pair holds key support at 1,320 mark. A sustained close...

FxWirePro: USD/CAD Daily Outlook

Jan 31, 2018 12:23 pm UTC| Technicals

USD/CAD has declined sharply after hitting high of 1.23919. The pair broken previous low of 1.2280 and dipped till jumped till 1.23099 at the time of writing and is currently trading around 1.23234. NAFTA talks are...

Crude oil trades below trend line support, dip till $63 likely

Jan 31, 2018 12:04 pm UTC| Technicals

Major support -$64.65. US oil formed a temporary top almost a double top around $66.63 and started to decline from that level. It has broken trend line support $64.65 and deciding till $63.65 yesterday. The main...

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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

Subaru and Toyota Collaborate on 3 New Electric SUVs, Citing ‘Huge Risk’ of Solo EVs

Subaru and Toyota are expanding their partnership to produce three new electric SUVs, with Subarus CEO citing the huge risk of developing EVs independently. Subaru Partners with Toyota to Reduce Risks in EV Development,...

First Look: Tesla Cybertruck's New Tactical Grey Interior Spotted in Forum Images

Tesla enthusiasts got a first look at the new Tactical Grey interior for the Cybertruck, revealed through leaked images on the Cybertruck Owners Club Forum. Cybertruck Owners Forum Unveils Tactical Grey Interior Last...

OpenAI Launches New AI Model and Desktop Version of ChatGPT in Major Update

On May 13, OpenAI launched a new AI model, GPT-4o, and a desktop version of ChatGPT, enhancing speed and versatility for users. OpenAI Unveils GPT-4o, Extending Capabilities to Free Users with Enhanced Text, Video, and...

Xiaomi CEO Lei Jun Delivers SU7 EVs Amid Brake Failure Software Misidentification Response

Xiaomis CEO Lei Jun personally delivered the first batch of SU7 EVs, following the companys official response attributing brake failure to a software misidentification. Xiaomi Addresses SU7 Brake Failure Incident as...

Shiba Inu (SHIB) Climbs 7% in an Hour, Market Watches in Surprise

Shiba Inu (SHIB) surged in value by 7% in a single hour, outperforming the larger crypto market bounce. Unexpected Surge in Shiba Inus Value This gain is especially significant because it occurred without the...