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Wed, May 15, 2024 06:08 AM All times are UTC

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FxWirePro: USD/SGD hits fresh 11-month high at 1.4436, sustained close above targets 1.4533

Dec 15, 2016 03:11 am UTC| Technicals

USD/SGD is currently trading around 1.4362 marks. It made intraday high at 1.4436 and low at 1.4150 levels. Intraday bias remains bullish till the time pair holds key support at 1.4219 mark. A sustained...

FxWirePro:Nikkei225 trades lower on Fed rate hike,good to sell on rallie

Dec 15, 2016 03:00 am UTC| Technicals

Nikkei225 declines drastically after making a high of 19457 on account of first 25bpbs rate hike by Fed .It is currently trading around 19167 1.1% lower. US Fed hiked federal funds rate by 25bpbs from 0.5% to 0.75%...

FxWirePro: Japanese yen weakens against major peers despite higher than expected manufacturing PMI data

Dec 15, 2016 02:31 am UTC| Technicals

USD/JPY is currently trading around 117.38 marks. It made intraday high at 117.85 and low at 117.01 levels. Intraday bias remains bullish for the moment. A daily close above 117.03 will take the parity...

FxWirePro: South Korean won marginally higher against euro after BOK’s rate decision

Dec 15, 2016 01:51 am UTC| Technicals

EUR/KRW is currently trading around 1,237 mark. Pair made intraday high at 1,241 and low at 1,236 levels. Intraday bias remains slightly bearish till the time pair holds immediate resistance at 1,242 mark. A...

FxWirePro: Aussie gains against major peers on robust employment data

Dec 15, 2016 01:13 am UTC| Technicals

AUD/NZD is currently trading around 1.0446 marks. Pair made intraday high at 1.0448 and low at 1.0392 marks. Intraday bias remains bullish for the moment. A sustained close above 1.0450 will drag the parity...

FxWirePro: EUR/USD sell-off resumes after Fed raises rates

Dec 14, 2016 20:05 pm UTC| Technicals

The EUR /USD pair declined on Wednesday as dollar rose across the board after the Federal Reserve raised interest rates and signal a faster past of hikes next year. The Fed raised interest rates by a quarter point and...

FxWirePro: USD/JPY dips ahead of Fed rate call, scope for further downside

Dec 14, 2016 15:19 pm UTC| Technicals

USD/JPY declined on Wednesday as investors awaited the outcome of the U.S. Federal Reserves meeting. The Fed is widely tipped to lift rates 25 basis points to 0.50-0.75 percent. The announcement is due at 2 p.m. ET...

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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

El Salvador Mined Nearly 474 Bitcoins, Adding to State Crypto Holdings Over 3 Years

El Salvador mined nearly 474 bitcoins over the last three years using a volcano-fueled geothermal plant, boosting its state crypto holdings to 5,750 BTC. El Salvador Mines 474 Bitcoins Using Volcano Power, Boosting...

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,...