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FxWirePro: AUD/NZD bears snap rallies exactly at channel resistance to display potential shooting star, major trend drifts in range – 1m DNT to trade

Nov 10, 2017 06:48 am UTC| Technicals Insights & Views

Short-term trend of this pair slides through sloping channel. Gravestone Doji appears exactly at channel resistance (at 1.1069 levels), the failure swings at peaks of previous rallies rejected at channel resistance...

FxWirePro: AUD/CAD recovery capped below 50-DMA, bias lower, stay short

Nov 10, 2017 06:45 am UTC| Technicals

AUD/CAD is extending grind lower in sloping channel pattern, bias lower. Aussie dented after dovish RBAs quarterly Statement on Monetary Policy (SOMP). RBA SOMP showed the central bank concerned about the...

FxWirePro: USD/CNY trades in narrow range, PBOC sets yuan mid-point at 6.6282

Nov 10, 2017 06:15 am UTC| Technicals

USD/CNY is currently trading around 6.6366 marks. It made intraday high at 6.6427 and low at 6.6344 levels. Intraday bias remains neutral for the moment. A sustained close above 6.6405 marks will test key...

FxWirePro:Gold hits 3- week high as US Senate to delay corporate tax cut, good to buy on dips

Nov 10, 2017 06:10 am UTC| Technicals

Gold is holding near 3- week high on slight weak dollar. The yellow metal has shown a minor jump till $1288 and is currently trading around $1284. US Senate version of tax plan was released yesterday and it confirms...

FxWirePro: NZD/USD struggles at 20-DMA, further upside only on break above

Nov 10, 2017 05:48 am UTC| Technicals

Kiwi underperforms despite the air of hawkishness from the RBNZ, dented after NZ fin min says changes to RBNZ mandate could mean looser policy. Further, weak retail electronic card retail sales data dents the bird. NZ...

FxWirePro: Indian rupee trades marginally higher against U.S. dollar, stay bullish only above 65.20 mark

Nov 10, 2017 05:29 am UTC| Technicals

USD/INR is currently trading around 65.13 marks. It made intraday high at 65.20 and low at 65.10 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 65.20 marks. Key...

FxWirePro: Bullish divergence keeps scope for upside in AUD/USD, go long on break above 200-DMA

Nov 10, 2017 04:57 am UTC| Technicals

RBAs quarterly Statement on Monetary Policy (SOMP) showed the central bank concerned about the strength of the Aussie. RBA revised up outlook for jobs growth, forecasts unemployment rate at 5.5 pct out to June 2019,...

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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

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...

Shibarium Faces 97% Drop in Transactions, Yet Transfers Rise Steadily

High FDVs on Binance Listings Lead to Investor Losses, Analysis Reveals

An analysis of Binance listings over the past six months reveals that high fully diluted valuations often lead to token value loss, adversely affecting regular investors while benefiting insiders. VC-Backed Tokens on...