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FxWirePro: WTI crude shorting set-up – Forms double top, on verge of breaking neckline

Jul 05, 2016 06:58 am UTC| Technicals

Technical Glance: On thedaily chart, this energy commodity forms adouble top pattern (see rectangular area), and attempts to head towards neckline, the current prices well below DMAs, heading for next support at...

FxWirePro: South African rand weakens against US dollar, good to stay bullish above 14.75

Jul 05, 2016 06:16 am UTC| Technicals

USD/ZAR is currently trading around 14.64 levels. It made intraday high at 14.66 and low at 14.53 levels. Intraday bias remains bullish till the time pair holds key support at 14.45 marks. A daily close...

Gold forms bearish divergence in weekly chart, dip till $1305 is possible

Jul 05, 2016 05:38 am UTC| Technicals

Major resistance- $1358 (Jun 24th high) Major support - $1318 (3 WMA) Pattern Formed- Bearish Divergence (CCI (50) and RSI (14) in weekly chart) The yellow metal has formed a double top around $1358 and...

FxWirePro: AUD/JPY breaks major support at 77 level, good to sell on rallies

Jul 05, 2016 05:35 am UTC| Technicals

AUD/JPY has breached major trendline support at 77 levels and hit session lows of 76.51 after RBA stays on hold. RBA Board decided to leave the cash rate unchanged at 1.75 percent, as widely expected and said that...

FxWirePro: AUD/USD erases knee-jerk spike, slumps over 30 pips to hit lows around 0.75 handle after RBA stands pat

Jul 05, 2016 05:13 am UTC| Technicals Commentary

RBA Board decided to leave the cash rate unchanged at 1.75 percent, as widely expected. In a statement released RBA Governor Glenn Stevens said that financial markets have been volatile as investors have re-priced...

FxWirePro: Silver remains highly volatile during early hours in Asia, hovers around $20.00 mark

Jul 05, 2016 05:07 am UTC| Technicals

XAG/USD is currently trading around $19.97 marks. It made intraday high at $20.43 and low at $19.46 levels. Intraday bias remains neutral for the moment. A sustained close above $20.05 tests key resistances...

FxWirePro: Kiwi ends five-day winning streak, tracks the Aussie lower, RBA decision in focus

Jul 05, 2016 04:24 am UTC| Technicals

NZD/USD has paused its five-day winning streak and edged lower on the day as Kiwi tracks its Oz counterpart lower. New Zealand June house prices rose at their fastest pace of the year, however, Kiwi has largely...

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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

Binance Enhances SHIB, USTC, AGIX Trading and Liquidity for Better Market Dynamics

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience. Binances...

OpenAI Disbands Team Tackling AI Risks Amid Leadership Changes and GPT-4o Launch

OpenAI has dismantled its Superalignment team, initially formed to address AI risks, following the resignations of key leaders Ilya Sutskever and Jan Leike. OpenAI Disbands Superalignment Team Days After Leaders Resign,...

$73M Crypto Scam: Two Foreign Nationals Arrested for 'Pig Butchering'

The Justice Department prosecuted two Chinese nationals on Friday in a cryptocurrency scam that laundered at least $73 million from deceived victims. Defendants Allegedly Used Shell Corporations to Launder Funds Through...

Crucial SHIB Warning Goes Out: Fake Airdrop Scams Targeting Community, Here's Reason

The Shiba Inu team has delivered a crucial warning to its community, highlighting the presence of fake SHIB airdrop scams and the importance of safeguarding cryptocurrency assets. Shiba Inu Team Warns Community Against...

Altcoins a ‘Relatively Huge’ Risk as Big Returns Fade, Analysts Warn Investors

Analysts caution that altcoins now represent a relatively huge risk, with the days of massive returns fading. Markus Thielen of 10xResearch suggests the high-reward era is over as crypto market narratives...