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Thu, May 16, 2024 04:03 AM All times are UTC

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FxWirePro: AUD/USD edges higher, Aussie buoyed by upbeat Capex plans

Sep 01, 2016 04:37 am UTC| Technicals

Australia retail sales and Capex data missed expectatios. Retail Sales s.a. m/m registered at 0%, while capital expenditure for Q2 came in at -5.4%, below expectations for -4.2%. However, the forward looking capex...

FxWirePro:ASX200 takes support at 90- day EMA, good to sell on rallies

Sep 01, 2016 03:06 am UTC| Technicals

Major resistance -5447 (55-day EMA). Major support - 5385 (90- day EMA). The index has taken support near 90-day EMA and slightly recovered from that level.It is currently trading around 5418. On the higher...

Nikkei225 breaks 200-day MA, close above targets 17300/17500

Sep 01, 2016 02:56 am UTC| Technicals

Nikkei225 has closed at two week high yesterday on account of weaker yen. The index jumped till 16914 and closed at 16904.It is currently trading around 16909. The index trades slightly above 16896 (200 - day MA) and...

FxWirePro: Prefer to go long on USD/SGD only above 1.3648 with stop loss at 1.3585 and target of 1.3799

Sep 01, 2016 02:51 am UTC| Technicals

USD/SGD is currently trading around 1.3625 marks. It made intraday high at 1.3630 and low at 1.3606 levels. Intraday bias remains neutral till the time pair holds initial support at 1.3585 marks. A sustained...

FxWirePro: Aussie immediately erases previous loss after higher than expected China’s manufacturing PMI data

Sep 01, 2016 02:21 am UTC| Technicals

AUD/NZD is currently trading around 1.0389 marks. Pair made intraday high at 1.0399 and low at 1.0363 marks. Intraday bias remains bullish till the time pair holds key support at 1.0312 marks. A sustained...

FxWirePro: South Korean won falls as CPI, manufacturing PMI data fails to meet expectations

Sep 01, 2016 01:47 am UTC| Technicals

USD/KRW is currently trading around 1,118 levels. It made intraday high at 1,118 and low at 1,112 marks. Intraday bias remains bullish till the time pair holds key support at 1,107 levels. A sustained close...

FxWirePro: Yen gains despite lower than expected capital spending, final manufacturing PMI data release

Sep 01, 2016 01:14 am UTC| Technicals

USD/JPY is currently trading around 103.18 marks. It made intraday high at 103.43 and low at 103.17 levels. Intraday bias remains bearish till the time pair holds key resistance at 103.53 levels. A daily...

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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

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,...

Dovish CPI Inflation Boosts AI Coins--Is WienerAI The Top Crypto Pick?

The April Consumer Price Index bodes well for risky assets, with US stocks and cryptocurrencies rallying in the aftermath. The YoY headline CPI data came in at 3.4%, exactly in line with market forecasts. The MoM...

Bitcoin Soars on Cooling US CPI Inflation Data, Investor Sentiment Improves

The Bitcoin price remains constant, as investors appear to have dismissed inflation concerns, particularly following the recent U.S. The Consumer Price Index (CPI) has been released. Notably, market investors were keenly...

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...