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FxWirePro: USD/CNY trades in stiff boundaries, PBOC sets yuan mid-point at 6.6356

Nov 21, 2017 06:36 am UTC| Technicals

USD/CNY is currently trading around 6.6332 marks. It made intraday high at 6.6418 and low at 6.6299 levels. Intraday bias remains neutral for the moment. A sustained close above 6.6299 marks will test key...

FxWirePro: Nikkei downside capped by 34 EMA, good to buy on dips

Nov 21, 2017 05:35 am UTC| Technicals

Nikkei is consolidating in narrow range after hitting 25 year high at 23423 on Nov 9th 2017. The indexs long term bullish trend mainly due to weakness in Yen and strong US markets. The index declined till 21766 and shown a...

FxWirePro: Indian rupee strengthens against U.S. dollar, good to sell on rallies

Nov 21, 2017 05:31 am UTC| Technicals

USD/INR is currently trading around 65.02 marks. It made intraday high at 65.12 and low at 65.00 marks. Intraday bias remains bearish till the time pair holds key resistance at 65.10 mark. Key resistances...

FxWirePro: AUD/CHF finds strong trendline support at 0.7465, break below to accentuate weakness

Nov 21, 2017 05:29 am UTC| Technicals

AUD/CHF consolidates break below 200-DMA at 0.7545, bias lower. The Reserve Bank of Australia (RBA) November monetary policy meeting minutes provided no surprises to the market. Technical studies are bearish on...

FxWirePro: AUD/JPY pauses downside at 61.8% Fibo, bias lower, stay short

Nov 21, 2017 04:46 am UTC| Technicals

AUD/JPY is hovering around 61.8% Fibo at 84.85, break below will accentuate weakness. The pair is likely in a phase of consolidation after breach of 200-DMA support last week. Technical studies are bearish and...

FxWirePro: USD/TWD hovers around 30.00 mark, sustained close below requires for downside rally

Nov 21, 2017 04:14 am UTC| Technicals

USD/TWD is currently trading around 30.03 marks. It made intraday high at 30.10 and low at 29.99 marks. Intraday bias remains bearish till the time pair holds key resistance at 30.22 mark. A daily close...

FxWirePro: GBP/AUD extends major trendline breakout, hits fresh 6-month highs at 1.7576, bias higher

Nov 21, 2017 04:05 am UTC| Technicals

GBP/AUD is extending upside after breakout of major trendline resistance at 1.7355. The pair has breached weekly 100-SMA at 1.7528 and is currently trading around 1.7570 levels. Technical indicators are highly...

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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

Top 3 Altcoins to Watch This Week: SOL, FTM, and LINK Set for Growth

This week, market experts spotlight Solana (SOL), Fantom (FTM), and Chainlink (LINK) as top altcoins to watch, highlighting their unique strengths and recent performance amid unusual market patterns. Solana Overcomes...

Ripple Warns: Math Prof Predicts Quantum Threat to Blockchain, Urges Crypto Key Overhaul

Ripple recently highlighted a warning from Professor Massimiliano Sala, urging the crypto industry to replace current public-key cryptosystems due to vulnerabilities exposed by advancing quantum technology. Professor...

Massive SHIB Transfers Occur Despite Sharp Decline in Shibarium Transactions

Shiba Inu (SHIB), a dog-themed cryptocurrency, has seen a startling 3,015% increase in large holder NetFlow, which provides insight into whales changing positions. However, this impressive surge comes with a...

SHIB Whale Activity Surges Amid Plummeting Shibarium Transaction Volumes

While the Shiba Inu developer team continues to work on and implement key updates to the Layer-2 blockchain, Shibarium is seeing a significant drop in transaction volume, which has been ongoing for about a month. This...

AirTag With New Chip and Improved Tracking Due Next Year; No New Mac Studio, Pro Until Mid-2025: Mark Gurman

Apples upcoming AirTag, equipped with an upgraded chip and enhanced tracking, is expected to launch by mid-2025, as detailed by Bloombergs Mark Gurman. He also claimed that Apple will not update the Mac Studio and Mac Pro...