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FxWirePro: USD/JPY pares losses, extends gains above the 111 handle

May 31, 2016 03:51 am UTC| Technicals

USD/JPY stabilizes from its worst opening levels at 110.78 and is back on the 111 handle, currently trading at 111.21. Ongoing chatter surrounding the sales tax hike delays could continue to support the Nikkei and...

FxWirePro: ASX200 struggles to close above 5400, good to buy at dips

May 31, 2016 03:08 am UTC| Technicals

Major resistance - 5400 Major intraday Support - 5350 ASX200 has slightly retreated after making a high of 5411. It is currently trading at 5387. Short term trend is slightly bullish as long as support 5350...

FxWirePro: Aussie gains against major peers on robust housing, private sector credit

May 31, 2016 03:08 am UTC| Technicals

AUD/NZD is trading around 1.0760 marks. Pair made intraday high at 1.0764 and low at 1.0697 marks. Today Australia released building approval data with positive numbers at 3.0% m/m vs 2.9% m/m previous release....

Nikkei225 trades well above 17000, jump till 17500 is possible

May 31, 2016 02:47 am UTC| Technicals

Major resistance - 17170 (trend line joining 19990 and 17745 ) Major support - 16650 (55 day EMA) Nikkei index is trading well above psychological resistance 17000 and closed at 17057 yesterday. It is currently...

FxWirePro: USD/SGD fails to sustain above key resistance at 1.3823, good to sell on rallies

May 31, 2016 02:13 am UTC| Technicals

USD/SGD is currently trading around 1.3785 marks. It made intraday high at 1.3816 and low at 1.3783 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3823 levels. A sustained...

FxWirePro: South Korean won falls on the back of lower than expected industrial production data

May 31, 2016 01:46 am UTC| Technicals

USD/KRW is currently trading around 1191 levels. It made intraday high at 1191 and low at 1187 levels. Intraday bias remains bullish till the time pair holds key support at 1177 marks. A daily close above...

FxWirePro: Japanese Yen appreciates on strong household spending, industrial production data

May 31, 2016 01:15 am UTC| Technicals

USD/JPY is currently trading around 110.90 marks. It made intraday high at 111.15 and low at 110.79 levels. Today Japan released a number of economic data with positive note. Japans household spending rose -0.4%...

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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

Massive SHIB Transfers Occur Despite Sharp Decline in Shibarium Transactions

Shiba Inu (SHIB), a dog-themed cryptocurrency, has seen a startling 3,015% increase in large holder NetFlow, which provides insight into whales changing positions. However, this impressive surge comes with a...

SHIB Whale Activity Surges Amid Plummeting Shibarium Transaction Volumes

While the Shiba Inu developer team continues to work on and implement key updates to the Layer-2 blockchain, Shibarium is seeing a significant drop in transaction volume, which has been ongoing for about a month. This...

AirTag With New Chip and Improved Tracking Due Next Year; No New Mac Studio, Pro Until Mid-2025: Mark Gurman

Apples upcoming AirTag, equipped with an upgraded chip and enhanced tracking, is expected to launch by mid-2025, as detailed by Bloombergs Mark Gurman. He also claimed that Apple will not update the Mac Studio and Mac Pro...

Shibarium Faces 97% Drop in Transactions, Yet Transfers Rise Steadily

High FDVs on Binance Listings Lead to Investor Losses, Analysis Reveals

An analysis of Binance listings over the past six months reveals that high fully diluted valuations often lead to token value loss, adversely affecting regular investors while benefiting insiders. VC-Backed Tokens on...