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Technicals

Fri, May 17, 2024 05:42 AM All times are UTC

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FxWirePro:Gold retreats slightly on account of strong U.S dollar , good to sell on rallies

Mar 30, 2017 06:41 am UTC| Technicals

Major resistance - $1260-$1264 (200- day MA and Feb 24th high). Major support - $1237. Gold declined almost $8 from the yesterday high and declined till $1248 at the time of writing on account of weak U.S...

FxWirePro: XAG/USD remains well supported above $18.00 mark, good to buy on dips

Mar 30, 2017 06:27 am UTC| Technicals

XAG/USD is currently trading around $18.14 marks. It made intraday high at $18.21 and low at $18.11 levels. Intraday bias remains bullish till the time pair holds key support at $17.98 mark. A daily close...

FxWirePro: GBP/JPY downswing drifts through descending triangle, attempts of bounces restrained below DMAs as bearish patterns pop up

Mar 30, 2017 06:02 am UTC| Technicals

This week the pair hasnt been moving anywhere beyond 139.399 northwards nor even 137.500 on southwards as the triangle pattern getting contracted. The shooting star at 139.570 gravestone doji at 139.425 levels restrain...

FxWirePro: GBP/AUD holds 20-DMA support, weakness seen on break below

Mar 30, 2017 05:59 am UTC| Technicals

GBP/AUD has edged higher after holding support by 20-DMA at 1.6183. Upside, however, lacks traction, with 5-DMA at 1.6316 and daily cloud at 1.6357 acting as major resistance. We see scope for further downside in...

FxWirePro: USD/CNY stabilizes above 6.89 mark, PBOC sets yuan mid-point at 6.8889

Mar 30, 2017 05:49 am UTC| Technicals

USD/CNY is currently trading around 6.8920 marks. It made intraday high at 6.8949 and low at 6.8878 levels. Intraday bias remains bullish till the time pair holds key support at 6.8778 mark. A sustained...

FxWirePro: USD/JPY holds gains above 111 handle, intraday bias neutral

Mar 30, 2017 05:26 am UTC| Technicals

USD/JPY has held major trendline support at 110 levels and edged higher. The pair has broken above 5-DMA at 111.08 and intraday bias remains neutral. During the recent bout of risk aversion in the financial...

FxWirePro: USD/INR remains well supported below 67.00 mark, stay bearish

Mar 30, 2017 05:03 am UTC| Technicals

USD/INR is currently trading around 64.91 marks. It made intraday high at 64.92 and low at 64.75 marks. Intraday bias remains bearish till the time pair holds key resistance at 65.13 marks. Key resistances...

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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

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

Altcoins a ‘Relatively Huge’ Risk as Big Returns Fade, Analysts Warn Investors

Analysts caution that altcoins now represent a relatively huge risk, with the days of massive returns fading. Markus Thielen of 10xResearch suggests the high-reward era is over as crypto market narratives...

Bitcoin Has Best Day in 2 Months as SHIB to Get More Scarce with Shibarium

Bitcoin experienced its largest single-day rise in nearly two months, while ShibaSwaps expansion to Shibarium is set to increase SHIBs scarcity by boosting its burn rate. ShibaSwap Launches on Shibarium, Increasing SHIB...

Kia's Electric Pickup Spotted in US Testing, Targets Tesla Cybertruck, Ford F-150 Lightning

Kias upcoming electric pickup, designed to rival the Tesla Cybertruck, Rivian R1T, and Ford F-150 Lightning, has been spotted testing in the U.S., marking a significant step in its development. Kias Strategic Move into...

OpenAI Strikes Deal with Reddit to Bring Content to ChatGPT, Boosting Stocks

OpenAI and Reddit announced a partnership on May 16 to integrate Reddit content into ChatGPT, enhancing the chatbots capabilities and driving Reddits stock up 12% in extended trading. Reddit Diversifies Beyond...

Giga Shiba Inu Whales Shift 3.5 Trillion SHIB, Boosting Market Activity

Shiba Inu whales are gradually waking up as the asset has emerged from anemia and has shown some positive price performance in recent days. Fortunately, those big transactions are not related to any sales activity and are...