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FxWirePro: USD/CHF downside capped by 5-day MA, good to buy on dips

Sep 25, 2017 07:18 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 0.97150. Short term trend...

FxWirePro: Indian rupee erases previous loss against U.S. dollar, short term trend reversal likely

Sep 25, 2017 06:47 am UTC| Technicals

USD/INR is currently trading around 64.95 marks. It made intraday high at 65.03 and low at 64.84 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 64.98 marks. Key...

FxWirePro: NZD/USD holds 20-DMA support at 0.7250, good to go short on break below

Sep 25, 2017 06:22 am UTC| Technicals

NZD/USD opened with a bearish gap and edged lower to hit 1-week lows at 0.7251. Kiwi dented after New Zealand election results provided no clear victory and increased political uncertainties. Provisional...

Gold trades lower on higher US 10 year bond yield, good to sell on rallies

Sep 25, 2017 06:15 am UTC| Technicals

Gold prices recovered slightly from the 4- week low on account of escalated tensions in North Korea. The yellow metal declined once again after hitting a high of $1298.50 on Friday. It is currently trading around $1292.85...

FxWirePro: USD/CNY jumps above 6.60 mark, PBOC sets yuan mid-point at 6.5945

Sep 25, 2017 05:46 am UTC| Technicals

USD/CNY is currently trading around 6.6025 marks. It made intraday high at 6.6085 and low at 6.5895 levels. Intraday bias remains bullish till the time pair holds key support at 6.5898 mark. A sustained...

FxWirePro: EUR/CAD capped between 50 and 200-day MAs, breakout to provide clear direction

Sep 25, 2017 04:57 am UTC| Technicals

EUR/CAD hovers around 5-DMA at 1.4712, intraday bias neutral. The pair finds stiff resistance at 50-DMA at 1.4750, we see upside only on break above. Price action seen capped between 50 and 200 day moving...

FxWirePro:Nikkei trades higher on weak yen, good to buy on dips

Sep 25, 2017 04:26 am UTC| Technicals

Nikkei has jumped slightly on weak yen and snap election hopes. The pair jumped after hitting low of at the time of writing and is trading around 203800.27% higher. Japan PM Shinzo Abe is expected to call a snap...

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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

Dovish CPI Inflation Boosts AI Coins--Is WienerAI The Top Crypto Pick?

The April Consumer Price Index bodes well for risky assets, with US stocks and cryptocurrencies rallying in the aftermath. The YoY headline CPI data came in at 3.4%, exactly in line with market forecasts. The MoM...

Bitcoin Soars on Cooling US CPI Inflation Data, Investor Sentiment Improves

The Bitcoin price remains constant, as investors appear to have dismissed inflation concerns, particularly following the recent U.S. The Consumer Price Index (CPI) has been released. Notably, market investors were keenly...

Shiba Inu Rep Lucie Makes Major Bullish Statement on Shibarium Coins

Lucie, the Shiba Inu teams official marketing head, has taken to her X social media account (previously known as Twitter) to declare the SHIB, BONE, and LEASH pricing behavior she expects to see during a hypothetical...

Tesla Cybertruck to Receive Full Self-Driving V12.5 Update in June, Elon Musk Announces

Elon Musk provided a new update on the Tesla FSD development, which appears to be moving faster than anticipated. FSD V12.4, which aims to enhance miles per intervention by tenfold over V12.3, is set to begin internal...

Spot Bitcoin ETF: Vanguard Might Join BlackRock in Major Market Shift

With the appointment of new CEO Salim Ramji, Vanguard may soon enter the spot Bitcoin ETF market, potentially joining industry leader BlackRock and marking a significant shift in the investment landscape. Vanguards New...