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FxWirePro: USD/TWD hits fresh 4-month high at 32.07, good to buy on dips

Nov 14, 2016 05:05 am UTC| Technicals

USD/TWD is currently trading around 31.94 marks. It made intraday high at 32.07 and low at 31.80 marks. Intraday bias remains bullish till the time pair holds key support at 31.58 marks. A daily close above...

FxWirePro: USD/JPY breaks above 200-DMA, bias bullish, stay long

Nov 14, 2016 04:55 am UTC| Technicals

Upbeat GDP data failed to impress yen bulls, USD/JPY hits session highs of 107.59. Data released earlier today showed Japans Q3 GDP data beat forecasts at 0.5% Q/Q vs 0.2% expected and 0.2% last, while the GDP SA...

Nikkei225 trades above 17500, jump till 1800 likely

Nov 14, 2016 03:54 am UTC| Technicals

Major support - 16800 Nikkei225 breaks above 17500 and jumped till 17679. The index is trading well above the trend line resistance and currently trading at 17659 1.39% higher. Technically index has closed well...

FxWirePro: USD/SGD remains well supported above 1.41 mark, faces strong resistance at 1.4228

Nov 14, 2016 03:28 am UTC| Technicals

USD/SGD is currently trading around 1.4142 marks. It made intraday high at 1.4179 and low at 1.4126 levels. Intraday bias remains bullish till the time pair holds key support at 1.3972 marks. A sustained...

Renminbi Series

FxWirePro: Yuan depreciates as China’s retail sales, industrial production fail to meet expectations

Nov 14, 2016 02:57 am UTC| Technicals

USD/CNY is currently trading around 6.8245 marks. It made intraday high at 6.8283 and low at 6.8068 levels. Intraday bias remains bullish till the time pair holds key support at 6.7769 marks. On the top...

FxWirePro: USD/KRW hits fresh 5-week high at 1,172, consistent break above targets 1,196

Nov 14, 2016 02:10 am UTC| Technicals

USD/KRW is currently trading around 1,170 levels. It made intraday high at 1,172 and low at 1,165 marks. Intraday bias remains bullish till the time pair holds key support at 1,146 levels. A daily close...

FxWirePro: Yen falls in early hours of Asia despite higher than expected GDP data

Nov 14, 2016 01:14 am UTC| Technicals

USD/JPY is currently trading around 107.28 marks. It made intraday high at 107.38 and low at 106.73 levels. Intraday bias remains bullish till the time pair holds key support at 104.96 levels. A daily close...

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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

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...

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...