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Thu, May 16, 2024 01:31 PM All times are UTC

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FxWirePro: South Africa’s rand falls against U.S. dollar, consistent close above 13.96 targets 14.15 mark

Oct 20, 2016 08:14 am UTC| Technicals

USD/ZAR is currently trading around 13.92 levels. It made intraday high at 13.94 and low at 13.81 levels. Intraday bias remains neutral till the time pair holds key resistance at 13.96 marks. A daily...

FxWirePro: USD/TRY hits fresh weekly low at 3.0551, good to sell on rallies

Oct 20, 2016 07:14 am UTC| Technicals

USD/TRY is currently trading at 3.0696 levels. It made intraday high at 3.0705 and low at 3.0551 levels. Intraday bias remains bearish for the moment till the time pair holds key resistance at 3.0970...

FxWirePro: EUR/GBP confined to narrow 15 pip range, UK retail sales data in focus

Oct 20, 2016 06:53 am UTC| Technicals

EUR/GBP has been confined to a narrow 15 pip range in the Asian session. UK retail sales data will be the last major release before the first estimate of GDP growth in Q3 is due next week. Markets will look...

FxWirepro:GBP/JPY trades in channel pattern, good to buy on dips

Oct 20, 2016 06:47 am UTC| Technicals

Major support - 126.60 (trend line joining 125.98 and 126.26). Major resistance- 128.60 (trend line joining 127.70 and 127.89). GBP/JPY has once again recovered after making low of 126.60. It is currently trading...

FxWirePro: GBP/JPY interim bulls seem to be exhausted at DMAs, no traces of recovery in major downtrend – Digital spreads on shrinking momentum

Oct 20, 2016 06:46 am UTC| Technicals

After the last two sessions of yesterday, the pair hasnt been moving anywhere beyond 127.421 northwards nor even 127.172 on southwards. Bears have been drifting in sideways, both leading and lagging indicators to...

FxWirePro: USD/CNY hovers around 6.74 mark, PBOC sets yuan mid-point at 6.7311

Oct 20, 2016 06:30 am UTC| Technicals

USD/CNY is currently trading around 6.7399 marks. It made intraday high at 6.7407 and low at 6.7295 levels. Intraday bias remains bullish till the time pair holds key support at 6.7055 marks. On the top...

FxWirePro: AUD/CAD finds major support at 1.0047, weakness only on break below

Oct 20, 2016 06:12 am UTC| Technicals

AUD/CAD retreats from four-week highs of 1.0157, after Aussie tanked across the board on dismal jobs data. The pair finds strong support at 1.0047 (20-DMA), weakness only on break below. Our previous call...

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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

Shiba Inu and PEPE Surge: SHIB Eyes 50% Gains, PEPE Hits $5 Billion Market Cap

The price of Shiba Inu (SHIB) has surged by 6% this week, with analysts predicting a 50% rally if key levels are broken. Meanwhile, PEPEs market cap has soared to $5 billion after hitting another all-time high. Analysts...

Vanguard’s New CEO Says Bitcoin ETF Not on the Table: Report

Vanguards new CEO, Salim Ramji, has confirmed that the investment giant will not launch a Bitcoin ETF, emphasizing the firms commitment to its investment philosophy. Despite his past involvement with BlackRocks Bitcoin...

iPhone Owners Alarmed as iOS 17.5 Resurfaces Deleted Nudes, Troubling Bug Reported

A troubling bug in Apples iOS 17.5 update is reportedly resurfacing previously deleted photos, including sensitive images, causing alarm among iPhone owners. Users on Reddit and beta testers have flagged this issue,...

Shiba Inu Rep Lucie Makes Major Bullish Statement on Shibarium Coins

Lucie, the Shiba Inu teams official marketing head, has taken to her X social media account (previously known as Twitter) to declare the SHIB, BONE, and LEASH pricing behavior she expects to see during a hypothetical...

Tesla Cybertruck to Receive Full Self-Driving V12.5 Update in June, Elon Musk Announces

Elon Musk provided a new update on the Tesla FSD development, which appears to be moving faster than anticipated. FSD V12.4, which aims to enhance miles per intervention by tenfold over V12.3, is set to begin internal...