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Mon, Jun 10, 2024 06:21 AM All times are UTC

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FxWirePro: South African rand hits fresh 3 –month high against US dollar, good to sell on rallies

Apr 19, 2016 07:52 am UTC| Technicals

Pair is currently trading at 14.3767 marks. It made intraday high at 14.4786 and low at 14.3688 levels. Intraday bias remains bearish till the time pair holds key resistance level at 14.6370 levels. A...

FxWirePro: GBP/USD faces strong resistance at 1.4360, good to sell on rallies

Apr 19, 2016 07:39 am UTC| Technicals

Major resistance- 1.4360 (trend line joining 1.4500 and 1.44360) Cable has made a high of 1.43387 at the time of writing and started to decline from that level. It is currently trading around 1.43144. Short term...

FxWirePro: NZD/JPY breaks into daily cloud, test of 77.75 likely

Apr 19, 2016 07:30 am UTC| Technicals

NZD/JPY price action has broken into the daily cloud, raising scope for test of trendline at 77.75. Techs are supportive for further upside, pair holds above 5-DMA after closing above on Mondays trade. Next...

FxWirePro: GBP/NZD extends consolidation near new 11-month lows at 2.0417

Apr 19, 2016 06:59 am UTC| Technicals

GBP/NZD has been trading a falling wedge formation and has hit fresh 11-month lows at 2.0417 on Mondays trade. Uncertainty around the Sterling in the run-up to the EU referendum likely to keep the pair...

FxWirePro: NZD/JPY intraday sentiments bullish and wise to catch rallies for shorts on delivery basis

Apr 19, 2016 06:38 am UTC| Technicals

Jump 21DMA may drag rallies upto 76.951 but dont have open longs for long term basis. From yesterday, the pair rallied continuously from 74.141 to 76.449 levels. It is likely to test the next minor resistance at...

GBP/JPY breaks major resistance 155.80, targets 158.20/158.80

Apr 19, 2016 06:23 am UTC| Technicals

Major Resistance 155.80 The pair has broken major resistance 155.80 and jumped till 156.19. It is currently trading around 156.01. Intraday trend is slightly as long as support 154.95 (7 day EMA) holds. Any...

FxWirePro: EUR/JPY holds upside ahead of crucial German ZEW data, bias higher

Apr 19, 2016 05:53 am UTC| Technicals

EUR/JPY bounced off from fresh 3-year lows at 121.71 on Monday and is holding gains above the 123 handle. Markets await the crucial Germany ZEW Economic Sentiment data due ahead in the European session. The...

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Economy

The UK has a growing food black market – and it’s making the cost of living crisis worse

The UK food sector has faced its fair share of challenges, and issues around supply are not uncommon. In the year to January 2024, overall food prices rose by 7%. To compound this, last year, the UKs Competition and...

Why do we need a Net Zero Economy Authority? And how can it fulfil its promise?

To support its climate agenda, the Albanese government is building new institutions. One of the most important will be the Net Zero Economy Authority. The proposed laws to create this authority are currently before the...

African countries could unlock billions in local and global trade – what’s working and what’s not

Africas share of global trade remains disproportionately small, hovering around 2%-3%. Countries on the continent trade more with the rest of the world than they do among themselves. Africa needs to improve its share of...

Race still divides South Africa – study shows little transformation in new suburbs in country’s economic hub

As South Africa reflects on 30 years of democracy, its important to ask whether its cities have changed for the better when it comes to racial mixing. During apartheid, South Africas residential development was...

Does the US have a planned economy? You might be surprised

During the Cold War, a heated debate arose over the role of economic planning. Did the planned economy of the USSR or the free market economy of the U.S. allocate resources more productively? Arguments against planned...

Politics

TSMC Weighed Leaving Taiwan Amid China Tensions, Deemed Move Infeasible

TSMC disclosed it had considered relocating its chip factories from Taiwan amid escalating China tensions but decided the move was impractical. TSMCs Relocation Discussions Tensions between Taiwan and China have been...

Mexico: Sheinbaum faces uphill task to buck the trend and curtail spiralling violence

Mexico has reached a political milestone. According to a quick count by the countrys electoral commission, Mexican voters have just elected their first female president. In a society that has long treated its women...

Shein Engages with Labour Party Ahead of UK Election, Potential Listing

In anticipation of the upcoming election, the Labour Party met with Shein to discuss the fast-fashion companys potential listing on the London Stock Exchange. Labours Mission for Growth In anticipation of its...

Outside Supreme Court justice’s home, a Revolution-era flag, now a call for Christian nationalism

Homes owned by Supreme Court Justice Samuel Alito have flown flags linked to the Jan. 6, 2021, insurrection and the general effort of Donald Trump and his supporters to overturn the results of the 2020 presidential...

Election 2024: up to 8 million people are not properly registered to vote

The general election is to take place on July 4 but up to 8 million people may not be correctly registered to vote. The deadline for registering to vote is 11.59pm on Tuesday, June 18 less than a month after the...

Science

Eye exercises to improve sight – is there any science behind them? An ophthalmologist explains why you shouldn’t buy the hype

You may have seen advertisements claiming to eliminate the need for eyeglasses through vision therapy or vision training basically, eye exercises. These exercises include putting pressure on or palming the eye; eye...

The universe’s biggest explosions made some of the elements we are composed of. But there’s another mystery source out there

After its birth in the Big Bang, the universe consisted mainly of hydrogen and a few helium atoms. These are the lightest elements in the periodic table. More-or-less all elements heavier than helium were produced in the...

Engineering cells to broadcast their behavior can help scientists study their inner workings

Waves are ubiquitous in nature and technology. Whether its the rise and fall of ocean tides or the swinging of a clocks pendulum, the predictable rhythms of waves create a signal that is easy to track and distinguish from...

If an asteroid hit Earth and all the humans died, would the dinosaurs come back?

Many, many years ago dinosaurs roamed the Earth. Six-year-old Aga knows that a meteorite wiped them out… but could another meteorite bring them back? You can read a print version of this story...

Ancient DNA from an extinct native duck reveals how far birds flew to make New Zealand home

Ask a bird lover if they have heard of the extinct giant moa or its ancient predator, Haasts eagle, and the answer will likely be yes. The same cant be said of New Zealands extinct, but equally unique, mergansers a group...

Technology

PEPE Jumps 5% After 231B Whale Buyup, Sparking Rally Speculation

PEPE saw a 5% surge after a whale purchased 231 billion tokens, signaling the potential for a rally. The significant buyup, worth $2.9 million, occurred within 24 hours, raising hopes among investors for a price...

Ethereum Leaders Face ‘Massive Contradiction,’ Says Wintermute CEO

Wintermute CEO Evgeny Gaevoy has criticized Ethereum leaders for being stuck in a massive contradiction between supporting capitalist and socialist systems, sparking a debate in the crypto community. Gaevoy Criticizes...

109 Trillion SHIB Sell Wall Blocks Shiba Inu from Reaching New All-Time Highs

Shiba Inu (SHIB) struggles to rise as a massive 109 trillion SHIB sell wall at $0.000027 blocks its path, despite increased whale activity. Shiba Inu (SHIB) Faces Robust Resistance Wall, Potential for Significant Upward...

Bitcoin Drying Up: 22,647 BTC Removed from Exchanges in Just 7 Days

In the past week, approximately 22,647 Bitcoins, valued at over $1.5 billion, have been withdrawn from cryptocurrency exchanges, according to technical analyst Ali Martinez, indicating a significant market...

AI Tokens FET, AGIX, and OCEAN Poised to Drive Market Recovery Amid Rising Interest

AI tokens Fetch AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) are poised to lead a market recovery as social sentiment and engagement around these AI-based cryptocurrencies surge, according to blockchain...