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Sat, May 18, 2024 12:52 PM All times are UTC

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FxWirePro: USD/INR fails to fall below 64.75 mark, bias turns bullish again

Oct 17, 2017 06:10 am UTC| Technicals

USD/INR is currently trading around 64.98 marks. It made intraday high at 64.99 and low at 64.80 marks. Intraday bias remains bullish till the time pair holds key support at 64.75 marks. Key resistances are...

FxWirePro: NZD/USD fails to hold above 20-DMA, retrace below 200-DMA at 0.7161 to see further weakness

Oct 17, 2017 05:59 am UTC| Technicals

NZD/USD retraces CPI led knee-jerk spike, slips below 20-lower after hitting session highs at 0.7206. New Zealand CPI data was for Q3 and arrived at 0.5% q/q vs expected 0.4%, substantially higher than the RBNZ...

FxWirePro: Gold trades lower on strong US bond yields, good to buy on dips

Oct 17, 2017 05:26 am UTC| Technicals

Gold declined sharply yesterday from the high of $1305.89 on account of slight strength in US dollar and stable US bond yields. The yellow metal prices are supported at lower level due to geo political tensions in North...

FxWirePro: AUD/NZD shooting star encourage bears in short-term trend, but major trend still consolidation phase – Tunnel spreads for trading and short hedge

Oct 17, 2017 05:09 am UTC| Technicals

After streaks of downswings in AUDNZD from last four consecutive days, we see a slight bounce today. While the major trend hovers at sloping channel resistance, minor trend slides below DMAs but tests strong support...

FxWirePro: Taiwanese dollar marginally lower against U.S. dollar, stay bullish only above 30.22 mark

Oct 17, 2017 04:06 am UTC| Technicals

USD/TWD is currently trading around 30.16 marks. It made intraday high at 30.20 and low at 30.09 marks. Intraday bias remains slightly bullish till the time pair holds key support at 30.07 mark. A daily...

FxWirePro: NZD/CHF struggles at 200-DMA, break above to test 'Triangle top' at 0.7070

Oct 17, 2017 03:58 am UTC| Technicals

Kiwi pares gains post CPI knee-jerk spike. NZD/CHF has settled back below the 0.70 handle after the initial CPI spike. New Zealand CPI data was for Q3 and arrived at 0.5% q/q vs the expected 0.4%. This came in...

FxWirePro:Nikkei trades higher on strong global cues, good to buy on dips

Oct 17, 2017 03:43 am UTC| Technicals

Nikkei trading extremely bullish and hits 21- year high of 21391 at the time of writing on strong global economy and positive earnings by retailers. The index has broken the high of 21351 made yesterday and jumped till...

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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

Binance Enhances SHIB, USTC, AGIX Trading and Liquidity for Better Market Dynamics

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience. Binances...

OpenAI Disbands Team Tackling AI Risks Amid Leadership Changes and GPT-4o Launch

OpenAI has dismantled its Superalignment team, initially formed to address AI risks, following the resignations of key leaders Ilya Sutskever and Jan Leike. OpenAI Disbands Superalignment Team Days After Leaders Resign,...

$73M Crypto Scam: Two Foreign Nationals Arrested for 'Pig Butchering'

The Justice Department prosecuted two Chinese nationals on Friday in a cryptocurrency scam that laundered at least $73 million from deceived victims. Defendants Allegedly Used Shell Corporations to Launder Funds Through...

Crucial SHIB Warning Goes Out: Fake Airdrop Scams Targeting Community, Here's Reason

The Shiba Inu team has delivered a crucial warning to its community, highlighting the presence of fake SHIB airdrop scams and the importance of safeguarding cryptocurrency assets. Shiba Inu Team Warns Community Against...

Altcoins a ‘Relatively Huge’ Risk as Big Returns Fade, Analysts Warn Investors

Analysts caution that altcoins now represent a relatively huge risk, with the days of massive returns fading. Markus Thielen of 10xResearch suggests the high-reward era is over as crypto market narratives...