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FxWirePro: NZD/USD finds minor support at 0.6680, bias lower, on track to test 200-DMA

May 30, 2016 06:20 am UTC| Technicals

NZD/USD downside intact, pair likely to test 200-DMA at 0.6650. Break below could accentuate weakness. US dollar to keep upbeat momentum post hawkish Yellen comments which raised Fed rate hike bets. On the other...

FxWirePro: Silver hits fresh 7 –week low, intraday bias remains bearish

May 30, 2016 05:50 am UTC| Technicals

XAG/USD is currently trading around $15.92 marks. It made intraday high at $16.20 and low at $15.88 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.11 marks. A daily...

FxWirePro: CAD/JPY bounces from support at 84.578 but major bear trend likely to prolong – One touch binary calls to speculate

May 30, 2016 05:25 am UTC| Technicals

Although prices are showing little strength from last couple of days major downtrend seems intact. Current price bounce has taken support at 84.578 levels, intraday bulls seem continue to extend their rallies. RSI...

FxWirePro: AUD/JPY struggles at 21-DMA 79.59, buy breakout above

May 30, 2016 05:22 am UTC| Technicals

AUD/JPY has broken major trendline resistance at 79.25, and edged higher to test session highs at 79.60. Pair struggling to extend gains further, 21-DMA at 79.59 is capping upside. Break above needed for further...

FxWirePro:Gold faces strong support at $1190, good to buy at dips

May 30, 2016 05:13 am UTC| Technicals

Major support- $1190 (55 W EMA) The yellow metal has broken major support at $1205 and declined till $1199 at the time of writing. Golds major resistance around $1218 (100 day EMA) and any slight bullishness only...

FxWirePro: Indian rupee trades lower against US dollar, good to buy on dips

May 30, 2016 05:07 am UTC| Technicals

USD/INR is currently trading around 67.32. It made intraday high at 67.37 and low at 67.01 marks. Intraday bias remains bullish for the moment. Current upward movement from 66.90 will take the parity higher...

FxWirePro: AUD/USD capped below 5-DMA at 0.7190, good to sell rallies

May 30, 2016 04:35 am UTC| Technicals

Data released earlier today showed Aussie home sales dropped to from 8.9% to -4.7% in April. AUD/USD hit lows of 0.7148. US Dollar strength seen across the board after Yellen in her speech on Friday last week said...

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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...