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Wed, May 15, 2024 08:12 AM All times are UTC

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FxWirePro: US Dollar Index takes support near 233- day MA, good to buy on dips

Sep 25, 2017 12:45 pm UTC| Technicals

Major support 91 (223 day MA). US Dollar index recovered sharply after hitting low of 91.53. It is currently trading around 92.58. Short term bullishness can be seen only above 92.73 (34- day EMA).Any violation...

FxWirePro: EUR/JPY struggles at 61.8% Fib, further gains only on break above

Sep 25, 2017 12:10 pm UTC| Technicals

The single currency remained under pressure on downbeat German IFO surveys. German business expectations came in at 107.4 (vs. 107.9 expected), current assessment at 123.6 (vs. 124.8 forecasted) and business climate...

FxWirePro: USD/CHF Trade Idea

Sep 25, 2017 11:39 am UTC| Technicals

USD/CHF has recovered after hitting low of 0.96683 on Friday. The pair has formed a minor bottom at 0.95650 on Sep 15th 2017 and trading higher from that level. It is currently trading around 0.97419. Short term trend...

FxWirePro: Bearish divergence on RSI and Stochs raises scope for downside in GBP/AUD, go short on break below 5-DMA at 1.6933

Sep 25, 2017 11:28 am UTC| Technicals

GBP/AUD rejected at highs, slips below to hover around 5-DMA support at 0.6932, bias lower. Oscillators are in highly overbought zone which calls for caution, we see weakness on intraday charts. We note bearish...

FxWirePro: EUR/USD trades lower post German IFO data, good to sell on rallies

Sep 25, 2017 11:27 am UTC| Technicals

EUR/USD is under pressure post German IFO data and market waits ECB President Draghi to testify about economy in Brussels. The pair has broken major support of 1.19000 and declined till 1.18873. The pair formed major top...

FxWirePro: AUD/CHF holds 20-DMA support, on track to test triangle top at 0.78, stay long

Sep 25, 2017 10:07 am UTC| Technicals

AUD/CHF is trading in a Rising Triangle pattern, is up 0.32% on he day, at 0.7740. The pair has taken support at 20-DMA and edged higher, scope for test of Triangle top at 0.78 levels. Technical studies support...

FxWirePro: USD/CAD trade higher on weaker Canadian data, good to buy on dips

Sep 25, 2017 09:46 am UTC| Technicals

USD/CAD is trading higher after pair hitting low of 1.2250. Canadian dollar declined slightly after BOC deputy Governor Timothy Lane signals gradualist approach to more rate hikes. Canada CPI Y-O-Y rose to 1.4% last...

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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...

If the RBA’s right, interest rates may not fall for another year. Here’s why.

The Reserve Bank is now assuming Australians will see no interest rate cuts this year and quite possibly none before the next federal election, due next May. Thats a big change compared to just three months ago. Back...

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,...

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...

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...

Science

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...

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...

Technology

BYD Launches Shark Hybrid Pickup in Mexico, Eyes New Factory Amid US Tariff Hike

BYD has introduced its Shark hybrid pickup truck to the Mexican market, with plans for a new factory, aiming to bolster its North American footprint despite recent U.S. tariff hikes on Chinese electric vehicles. BYDs...

Important Shiba Inu Metric Explodes by 2,300% as SHIB Price Rises: Details Inside

Important Shiba Inu metric explodes by 2,300% as the SHIB price rises. Shiba Inu adoption continues to grow, with users now able to book Airbnb and buy Nike clothes via SHIB. Shiba Inus Daily Volume Surges 2,300%,...

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...