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Sun, May 19, 2024 02:06 PM All times are UTC

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FxWirePro: AUD/JPY recovery lacks traction, good to go short on close below trendline at 82.35

May 18, 2017 09:24 am UTC| Technicals

The pickup in risk aversion providing extra support to the safe haven JPY. AUD/JPY edged higher on early Thursdays trade on the back of Australian jobs data-led gains. The pair retraced dip below 200-DMA at...

FxWirePro: Swedish krona falls gradually against euro, short term bias remains bullish

May 18, 2017 08:39 am UTC| Technicals

EUR/SEK is currently trading around 9.7667 levels. It made intraday high at 9.7675 and low at 9.7293 levels. Intraday bias remains bullish till the time pair holds key support at 9.72 levels. A sustained...

FxWirePro: Silver fails to sustain above $17.00 mark, bias turns bearish again

May 18, 2017 07:48 am UTC| Technicals

XAG/USD is currently trading around $16.68 marks. It made intraday high at $16.93 and low at $16.59 levels. Intraday bias remains neutral till the time pair holds key support at $16.82 mark. A daily close...

FxWirePro: South African rand falls against U.S. dollar, faces strong resistance at 13.48 mark

May 18, 2017 07:25 am UTC| Technicals

USD/ZAR is currently trading around 13.26 levels. It made intraday high at 13.40 and low at 13.15 levels. Intraday bias remains bullish till the time pair holds key support at 13.03 marks. A daily close...

FxWirePro: USD/JPY recovers from fresh monthly lows at 110.52, finds support by weekly 200-SMA

May 18, 2017 07:15 am UTC| Technicals

USD/JPY saw huge slump on Wednesday on dive in US treasury bond yields, amid intensifying political turmoil in the US. The pair recovers from fresh monthly lows at 110.52 supported by modest rebound in the US treasury...

FxWirePro: AUD/JPY tumbles below DMAs with bearish engulfing, shooting star appears exactly at 50% Fibos in major trend – Use tunnel spreads to trade

May 18, 2017 07:03 am UTC| Technicals

Bears have managed to break below strong support at 83.789 levels. That is where a mighty bearish engulfing candle has occurred with huge volumes. As a result, current prices slid below 21DMA despite todays...

FxWirePro: USD/CHF breaks major support at 0.9812, dip till 0.9617 likely

May 18, 2017 06:48 am UTC| Technicals

USD/CHF continues its losing streak for the four consecutive days and has broken major support of 0.98120 low formed on Mar 27th 2017. The pair hits 0.97740 yesterday and is currently trading around 0.98120. The break...

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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

OpenAI Founders Sam Altman and Greg Brockman Defend After Safety Researchers Quit

OpenAI founders Sam Altman and Greg Brockman are defending their safety measures after top researchers Ilya Sutskever and Jan Leike resigned, highlighting internal disagreements on AI priorities. Key OpenAI Safety...

Analyst Predicts Ethereum ETF to Trigger Major ETH Market Moves Soon

Cryptocurrency analyst Michael van de Poppe forecasts that the upcoming Ethereum ETF announcement will cause significant market moves, despite a recent decline in trading volume. Ethereums ETF Announcement Expected to...

Venezuela Acts Tough on Crypto Mining Amid Energy Squeeze, Disconnects Bitcoin Farms

Venezuelas Ministry of Electric Power is disconnecting cryptocurrency mining farms from the national grid to manage energy demand and ensure a stable power supply. This measure follows the recent seizure of 2,000 Bitcoin...

AI 'Godfather' Warns of Job Displacement, Advocates for Universal Basic Income

Renowned AI godfather Geoffrey Hinton warns of significant job losses due to AI, urging governments to adopt universal basic income as a countermeasure. Hinton Advocates for Universal Basic Income According to...

Shiba Inu: Top Analyst Identifies Coin as 'Potential Gold Mine'; Price Analysis Suggests 35% Upside

Top analyst Davie Satoshi sees Shiba Inu (SHIB) as a potential gold mine; price analysis predicts a 35% upside. Key Pattern in SHIBs Price Chart The Shiba Inu (SHIB) memecoin has caught the eye of many analysts....