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Fri, May 17, 2024 09:08 AM All times are UTC

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FxWirePro: USD/ZAR remains well supported below13.50 mark, upside limited

Jan 24, 2017 07:16 am UTC| Technicals

USD/ZAR is currently trading around 13.47 levels. It made intraday high at 13.49 and low at 13.43 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 13.65 mark. A...

FxWirePro: Copper bounces off 50-DMA, on track to test 2.70, good to go long on dips

Jan 24, 2017 07:15 am UTC| Technicals

Copper has broken above 5-DMA after bouncing off major support by 50-DMA currently at 2.5794. We see scope for test of major trendline resistance at 2.70. Further upside only on break above. Major support on the...

FxWirePro:GBP/JPY faces strong trend line resistance at 142.25, good to sell on rallies

Jan 24, 2017 06:59 am UTC| Technicals

Major resistance- 142.25 (trend line joining 148.45 and 145.39). Major support 140.80 (200- day MA) GBP/JPY shown a slight jump till 142.08 and started to decline from that level. It is currently trading around...

FxWirePro: USD/JPY recovers from 8-week lows at 112.52, bias lower

Jan 24, 2017 06:49 am UTC| Technicals

USD/JPY edges higher from 8-week lows at 112.52 to retake the 113 handle. Yen largely ignored higher than expected manufacturing PMI data as risk-off dominated. Data released earlier today showed Japans Nikkei...

FxWirePro: EUR/GBP rangebound, focus on UK court decision on Brexit

Jan 24, 2017 06:16 am UTC| Technicals

EUR/GBP trades a narrow range, with days high at 0.8599 and low at 0.8581. The pair has slipped below and hovers close to major trendline support at 0.86. Markets await United Kingdoms supreme court decision on...

FxWirePro: USD/CNY hovers around 6.85 mark as PBOC sets yuan mid point at strongest since mid-November

Jan 24, 2017 06:15 am UTC| Technicals

USD/CNY is currently trading around 6.8485 marks. It made intraday high at 6.8574 and low at 6.8378 levels. Intraday bias remains bearish for the moment. A sustained close above 6.8513 marks will test key...

FxWirePro: Gold downside capped by 7- day MA, good to buy on dips

Jan 24, 2017 05:46 am UTC| Technicals

Pattern formed- Bearish Divergence (RSI and MACD). Major support - $1204 (10- day MA). Major resistance - $1220 (100- day EMA). The yellow metal has shown a minor decline till $1209 and jumped sharply from...

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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

Microsoft Integrates AMD AI Chips into Azure, Competing with Nvidia’s GPU Offerings

Microsoft announced Thursday that it will integrate AMDs MI300X processors into its Azure cloud services, offering a competitive alternative to Nvidias GPUs. Azures New AI Processing Power According to Reuters,...

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...