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Wed, May 15, 2024 03:59 AM All times are UTC

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FxWirePro: USD/CHF breaks major resistance at 0.9705, jump till 0.97730 likely

Sep 21, 2017 07:05 am UTC| Technicals

USD/CHF has broken major resistance at 0.9705 high made on Sep 14th 2017 after hawkish Fed statement. The pair has formed a minor bottom at 0.95650 on Sep 15th 2017 and trading higher from that level. It is currently...

FxWirePro: Copper breaks below 50-DMA, 38.2% Fibo at 2.90 in sight, stay short

Sep 21, 2017 06:36 am UTC| Technicals

Copper extends slump for 3rd consecutive week, trades 1.12% lower on the day. Price action has breached 50-DMA support at 2.939, scope for further downside. Bears eye 38.2% Fib retracement of 2.472 to 3.176 rally...

FxWirePro: NZD/JPY bull streaks halt but still above 7-weeks’ highs, major trend retraces beyond 50% Fibos – Tunnel spreads to speculate and long hedge

Sep 21, 2017 06:20 am UTC| Technicals Insights & Views

From last two weeks, NZDJPY bullish streaks seem to have been halted today, but the current price is still above 7-weeks highs. Historically, upswings exhausted at the stiff resistance of 83.929-943 levels, Shooting...

FxWirePro: Gold declines on hawkish Fed statement, good to sell on rallies

Sep 21, 2017 06:13 am UTC| Technicals

Gold prices declined sharply below $1300 on account of hawkish US Fed statement. The yellow metal dipped till $1296 yesterday. It is currently trading around $1298.. Fed has kept its interest rate unchanged and...

FxWirePro: AUD/JPY struggles to hold major trendline breakout, scope for downside on possible 'Bullish Cypher' formation

Sep 21, 2017 06:13 am UTC| Technicals

AUD/JPY upside falters at major trendline resistance, further upside only on decisive breakout above. The pair slips below 90 handle after hitting highs of 90.304 (levels unseen since Dec 2015). We see scope for...

FxWirePro: NZD/CHF hits 5-week highs at 0.7142, bias higher, stay long

Sep 21, 2017 05:21 am UTC| Technicals

Kiwi faded a minor-recovery attempt triggered by upbeat New Zealand GDP figures. Sharp drop seen in the NZ credit card spending data along with looming elections drag the bird lower. NZD/CHF hit 5-week highs at...

FxWirePro: Thai baht trades marginally lower despite higher than expected trade balance data

Sep 21, 2017 04:27 am UTC| Technicals

USD/THB is currently trading around 33.12 marks. It made intraday high at 33.14 and low at 33.09 marks. Intraday bias remains slightly bullish till the time pair holds key support at 33.09 mark. A daily...

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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...

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,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

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...

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...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

Science

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...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

China's BYD Launches Hybrid Pickup in Mexico, Boosts Presence in North America as US Hikes EV Tariffs

Chinas BYD launches the Shark hybrid pickup truck in Mexico on May 14, countering US EV tariffs and boosting its presence in North America. BYDs New Shark Pickup Enters Mexican Market as US Hikes Tariffs on Chinese...

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%,...

GPT-4o Isn't Going to Kill Teaching or Customer Service, Experts Say

On May 13, OpenAI unveiled GPT-4o, showcasing its advanced speech and emotion detection, stirring debates on AIs impact on jobs. OpenAIs GPT-4o Uses Real-Time Cameras, Raising Concerns About Job Security in Various...

Joe Biden Hikes Tariffs on Chinese EVs, Solar Cells, Steel, Aluminum, and Snipes at Donald Trump

On May 14, President Joe Biden announced new tariffs on Chinese EVs, solar cells, and steel, intensifying U.S.-China trade tensions and taking a jab at Donald Trump. Biden Criticizes Chinese Government Subsidies,...

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...