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FxWirePro: South Korean won opens onshore trade at 1,206.0 per dollar, sustained close above targets 1,220

Jan 02, 2017 04:08 am UTC| Technicals

USD/KRW is currently trading around 1,207 levels. Intraday bias remains neutral till the time pair holds key resistance at 1,207 levels. A daily close above 1,207 will drag the parity higher towards key...

FxWirePro: Taiwanese dollar marginally higher in early hours of Asia, bias remains neutral

Jan 02, 2017 02:21 am UTC| Technicals

USD/TWD is currently trading around 32.34 marks. It made intraday high at 32.46 and low at 32.15 marks. Intraday bias remains neutral for the moment. A daily close above 32.46 will drag the parity up towards...

FxWirePro: South Korean won falls against major peers despite higher than expected manufacturing PMI data

Jan 02, 2017 01:53 am UTC| Technicals

EUR/KRW is currently trading around 1,269 mark. Pair made intraday high at 1,271 and low at 1,266 levels. Intraday bias remains bullish till the time pair holds key support at 1,262 mark. A sustained close...

FxWirePro: Stay short in DXY as bears load up in EOD chartpack

Dec 30, 2016 12:42 pm UTC| Technicals

After the occurrence of whipsaws at peaks of theuptrend in DXY (US dollar index), price declines began to show bearish effects of this pattern (see for whipsaws shown in therectangular shaped area). Gap down opening:...

FxWirePro: AUD/NZD breaks triangle base, but holds 78.6% Fib support

Dec 30, 2016 08:55 am UTC| Technicals

AUD/NZD has broken below triangle base at 1.04 on Wednesdays trade. The pair is currently holding 78.6% Fib at 1.0350, we see weakness on break below. Technical studies are biased lower, any reversal can be seen...

FxWirePro: Buy EUR/USD above 1.05465

Dec 30, 2016 07:09 am UTC| Technicals

Major Intraday Resistance 1.05465 (Gann 3*1 line) Major support 1.0435 (200- H MA) The pair jumped sharply till 1.06530 from the low of 1.03722. EUR/USD has once again slipped from the high of 1.06530 level. It...

FxWirePro: NZD/USD edges lower from fresh weekly highs at 0.6978, bias higher

Dec 30, 2016 07:00 am UTC| Technicals

NZD/USD edges lower from fresh weekly highs at 0.6978, bias higher as long as pair holds 5-DMA support at 0.6925. The pair has retraced above 50% Fibo of 0.6347 to 0.7485 rally. Bullish RSI divergence on daily...

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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

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Gas is good until 2050 and beyond, under Albanese gas strategy

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South Africa’s plan to move away from coal: 8 steps to make it succeed

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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

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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

Shanghai's Data Policy Shift Could Propel Tesla's Local Data Center Efforts

Shanghais new data-export policy could accelerate Teslas plans to build a local data center, enhancing its artificial intelligence (AI) development for autonomous driving. Chinas Regulatory Update As China attempts...

CPI Report Spurs Optimism, BlackRock CIO Forecasts Fixed Income Growth

The release of the U.S. The Consumer Price Index (CPI) report provided a wave of relief to the financial markets. This signaled a possible reduction in inflationary pressures. Rick Rieder, Chief Investment Officer of...

Over 50 Million USDT Blacklisted by Tether Amid Regulatory Scrutiny, Details Inside

Tether has blacklisted five wallets holding 54.1 million USDT, amidst increasing regulatory scrutiny and past enforcement actions. Tether Blacklists Five Wallets Holding 54.1 Million USDT Amid Ongoing Regulatory...

Altcoins Expected to Yield 2x-5x Gains by May End: Fetch.AI, Floki, AAVE, ENA

The latest climb in Bitcoins price beyond $65,000 on Wednesday sparked a new relief rally in the cryptocurrency market. Top altcoins are also profiting from the upward momentum, recovering from recent downturn tendencies....

US Orthodontic Leader Accepts Shiba Inu, Embracing Cryptocurrency for Payments

Shiba Inu, the popular meme coin, is experiencing a period of growth and increased utility. Amoré Orthodontic Aligners, a company that specializes in orthodontic care, recently announced that it will now accept SHIB...