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South Korean won trades marginally lower as current account data misses expectations

Mar 05, 2020 01:36 am UTC| Technicals Investing

EUR/KRW is currently trading around 1,320 mark. It made intraday high at 1,321 and low at 1,318 levels. Intraday bias remains neutral till the time pair holds key support at 1,322 mark. A sustained...

America’s Roundup: Dollar rebounds after Fed rate cut blow, Wall Street surges, Gold steady, Oil rises $1-March 5th,2020

Mar 04, 2020 19:41 pm UTC| Market Roundups Investing

Market Roundup Biden sweeps South in Democratic presidential primaries US Feb ADP Nonfarm Employment Change 183K, 170K forecast, 209K previous Canada Labor Productivity (QoQ) (Q4) -0.1%,0.2% previous US...

Europe Roundup: Euro near two-month highs, European shares rise, Gold retreats, Oil rises $1 as OPEC, allies work on big output cut-March 4th,2020

Mar 04, 2020 13:05 pm UTC| Market Roundups Investing

Market Roundup German Jan Retail Sales (MoM) 0.9%,1.0% forecast, -2.0% previous German Jan Retail Sales (YoY) 1.8%,1.5% forecast, 1.7% previous Swiss Feb CPI (MoM) 0.1%,0.2% forecast, -0.2% previous Swiss...

Asian markets mixed, gold touches $1,652 mark in early Asia

Mar 04, 2020 04:51 am UTC| Commentary Investing

All the major Asian indices were trading on a mixed note on Wednesday. Gold was trading around $1,642 mark while silver was trading around $17.24 mark. Japans Nikkei was trading 0.40 pct higher at 21,160.50...

Chinese yuan strengthens despite lower than expected Caixin services PMI data

Mar 04, 2020 03:33 am UTC| Technicals Investing

USD/CNY is currently trading around 6.9315 marks. It made intraday high at 6.9611 and low at 6.9288 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.9650 mark. A sustained close...

America’s Roundup: Dollar sinks after U.S. Federal Reserve cuts interest rates to battle coronavirus, Wall Street gains, Gold rises, Oil jumps after Fed cuts US interest rates, then pares gain-March 4th,2020

Mar 03, 2020 21:35 pm UTC| Market Roundups Investing

Market Roundup Fed cuts rates by half percentage points US Redbook (YoY) 5.9%,5.4% previous US Redbook (MoM) -0.1%,-0.2%previous US Feb ISM NY Business Conditions 51.9%, 45.8% previous US Feb ISM-New...

FxWirePro: Buy S&P500 above 3100

Mar 03, 2020 16:47 pm UTC| Technicals Investing

Ichimoku Analysis (1-Hour) Tenken-Sen- 3074 Kijun-Sen- 3003 SP500 has shown a massive recovery after a sell-off of more than 15% from an all-time high of 3397. The decline was mainly due to an outbreak of...

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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...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

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...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

Science

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...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Sam Altman Denies New Search Engine; OpenAI Rumored for Voice AI Launch

In a surprising twist, OpenAI CEO Sam Altman refuted ongoing news about a new search engine; instead, rumors hint at a groundbreaking AI update integrating voice and visual recognition, which is set to be unveiled this...

Ex-PayPal CEO Touts Bitcoin Lightning as Corporate Transaction Future

David Marcus, former PayPal CEO, endorses the Bitcoin Lightning Network as the future norm for corporate transactions worldwide, forecasting a transformative shift in global payment systems. David Marcus Champions...

DogeCoin and Shiba Inu Poised for Over 100% Market Rally

As the crypto market braces for recovery, Dogecoin and Shiba Inu show signs of a potent rebound. Technical indicators and market dynamics suggest a potential surge exceeding 100%, attracting keen investor...

FED Quietly Initiates Money Printing, Sparks Bitcoin Price Surge Speculation

One chart stands out as a beacon of optimism for Bitcoin and its peers in the complex landscape of cryptocurrencies. With the revival of the US money supply, investors face a critical moment. As the printing machines...

Ethereum ETFs: All Pending SEC Applications in a Bid for Regulatory Approval

Following the historic approval of 11 spot Bitcoin exchange-traded funds in January, industry analysts are asking when the US Securities and Exchange Commission (SEC) will approve an Ethereum counterpart. For those who...