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Thu, May 16, 2024 11:46 AM All times are UTC

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FxWirePro: AUD/JPY bears in major trend drift through sloping channel, watch out for rallies for fresh short build up –Tunnel spreads for intraday swings

Aug 23, 2016 06:27 am UTC| Technicals

AUDJPY has broken below supports at 76.749 levels with a spinning top formation, currently, the bears have again snapped the recent gains at the same resistance levels. To understand the major downtrend, last month,...

FxWirePro: South African rand erases previous loss against USD, faces strong support at 13.19

Aug 23, 2016 06:11 am UTC| Technicals

USD/ZAR is currently trading around 13.47 levels. It made intraday high at 13.58 and low at 13.45 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.64 levels. A daily close...

FxWirePro: AUD/CAD holds 200-day MA support, good to go long on dips

Aug 23, 2016 05:58 am UTC| Technicals

AUD/CAD has held major support by 200-DMA at 0.9781 and edged higher on the day. We have evidenced a hammer formation at lows near 0.9761 on Fridays trade, scope for upside upto 0.9932 (23.6% Fib). 38.2% Fib at...

Gold: Sell on rallies

Aug 23, 2016 05:49 am UTC| Technicals

Major resistance- $1344 (200 HMA and Cloud bottom). Major support - $1330 (61.8% retracement of $1311 and $1375.15). The yellow metal regained slightly after making a low of $1331.60.It is currently trading...

FxWirePro: AUD/USD breaks above 20-day MA, good to go long on dips

Aug 23, 2016 05:30 am UTC| Technicals

AUD/USD held support at 0.75837 (double bottom) and has edged higher. Spinning top formed at lows on Mondays trade, pair has broken 20-DMA resistance at 0.7625. We see scope for test of 0.7680 (4H channel top),...

FxWirePro: Prefer to go short on XAG/USD around $18.97 with stop loss at $19.27 and target of $18.68

Aug 23, 2016 04:59 am UTC| Technicals

XAG/USD is currently trading around $18.96 marks. It made intraday high at $18.98 and low at $18.83 levels. Intraday bias remains bearish till the time pair holds key resistance at $19.27 levels. A daily...

FxWirePro: USD/JPY rangebound, holds above 100 handle

Aug 23, 2016 04:28 am UTC| Technicals

USD/JPY holds above the 100 handle, but is largely rangebound in the Asian session. Data released earlier today showed Japanese flash manufacturing PMI release came in better than expected at 49.6 versus 49.3...

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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...