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Sun, May 19, 2024 03:32 PM All times are UTC

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FxWirePro: EUR/GBP fails to hold above 0.86 handle, finds stiff resistance at 0.8595

May 17, 2017 09:30 am UTC| Technicals

EUR/GBP edges lower from session highs at 0.8614 and is currently trading at 0.8566. Pound edges higher after drop in UK ILO unemployment rate which was better than forecasts for an unchanged reading. The major...

FxWirePro: Chinese yuan erases previous gain against U.S. dollar, intraday bias remains bullish

May 17, 2017 08:08 am UTC| Technicals

USD/CNY is currently trading around 6.8886 marks. It made intraday high at 6.8891 and low at 6.8813 levels. Intraday bias remains bullish till the time pair holds key support at 6.8800 marks. A sustained...

FxWirePro: NZD/JPY bears threat consolidation phase with shooting star and bearish engulfing patterns – Speculate via one touch binaries and short hedge

May 17, 2017 07:36 am UTC| Technicals

NZDJPY bears resume with bearish engulfing and shooting star in daily and weekly trend. Engulfing pattern at 77.992 levels, shooting star at 77.655 levels (on the weekly chart). Attempts of bull swings restrained...

FxWirePro: AUD/JPY rejected at 50-DMA, retrace upto trendline support at 82.50 likely

May 17, 2017 07:11 am UTC| Technicals

AUD/JPY was rejected at 50-DMA and the pair is extending downside for 2nd straight session. Price action capped below daily Ichimoku cloud which weighs heavily on the upside. The pair has broken below 20-DMA at...

FxWirePro: USD/ZAR fails to drop below 13.03 mark, short term trend reversal likely

May 17, 2017 07:07 am UTC| Technicals

USD/ZAR is currently trading around 13.12 levels. It made intraday high at 13.12 and low at 13.03 levels. Intraday bias remains bullish till the time pair holds key support at 13.03 marks. A daily close...

FxWirePro: Sell GBP/JPY on rallies

May 17, 2017 07:03 am UTC| Technicals

GBPJPY forms the temporary top around 148.11 and started to decline for fourth consecutive days from that level. It is currently trading around 145.07. The pair broken minor support at 146.30 (daily Tenkan-Sen and 10...

FxWirePro: NZD/USD hovers around 20-DMA at 0.6913, bias higher, good to go long on break above

May 17, 2017 06:41 am UTC| Technicals

NZD/USD breaks 20-DMA at 0.6913, intraday bias higher. Bullish RSI divergence seen on daily charts, raises scope for upside. Technical indicators are bullish, next immediate resistance seen at 0.6950...

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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

Shibarium Faces 97% Drop in Transactions, Yet Transfers Rise Steadily

While the Shiba Inu developer team continues to work on and implement key updates to the Layer-2 blockchain, Shibarium is seeing a significant drop in transaction volume, which has been ongoing for about a month. This...

High FDVs on Binance Listings Lead to Investor Losses, Analysis Reveals

An analysis of Binance listings over the past six months reveals that high fully diluted valuations often lead to token value loss, adversely affecting regular investors while benefiting insiders. VC-Backed Tokens on...

Tesla Offers Model 3 Demo Vehicles at Discounted Prices in U.S. and Canada

Tesla is offering demo Model 3 vehicles at a slight discount in the U.S. and Canada. These vehicles have low mileage and come with warranties, making them an attractive option for buyers looking for savings on Teslas...

Phantom Wallet Climbs Apple App Store Charts — Bullish Sign for Solana?

Phantom Wallet has climbed to third place in Apples app store utility category, sparking bullish sentiments for Solana among crypto experts and analysts. Phantom Wallet Ranks Third in Apple App Store, Sparking Bullish...

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...