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FxWirePro: GBP/CAD faces trend line resistance around 1.6675 , good to sell on rallies

Dec 22, 2016 07:31 am UTC| Technicals

Major resistance 1.66760 (trend line joining 1.67922 and 1.6745). Major support 1.6480 The pair has recovered from the low of 1.64861 and jumped till 1.66151. It is currently trading around 1.65980. Short...

FxWirePro: AUD/CHF slips below 100-DMA, good to go short on rallies

Dec 22, 2016 07:05 am UTC| Technicals

AUD/CHF trades with a bearish bias. Momentum studies support downside. The pair has broken below major trendline support at 0.7460 and 100-DMA at 0.7464. Price holds above 0.74 handle which is minor support...

CHF/JPY breaks minor trend line resistance around 114.70, jump till 115.60 likely

Dec 22, 2016 06:42 am UTC| Technicals

Major resistance- 114.70 (trend line joining 115.37 and 114.95). Major intraday support -114.30 CHF/JPY has broken minor trend line resistance 114.70 and slightly jumped from that level .it is currently trading...

FxWirePro: GBP/JPY 8-weeks uptrend edgy as shooting star resumes bears in major trend – Short via tunnel spreads

Dec 22, 2016 06:21 am UTC| Technicals

Ever since we saw whipsaws pattern, the current prices jump consistently above DMAs with bullish crossover after whipsaws to hit fresh 8-weeks highs of 148.459 levels. For now, more rallies are likely to drag further but...

FxWirePro: Gold consolidates in narrow range, good to sell on rallies

Dec 22, 2016 06:03 am UTC| Technicals

Gold is trading in narrow range between $1122 and $1142 for the past three trading session. The yellow metal slightly recovered from fresh ten month low and is currently trading around $1130. Gold has shown a slight...

FxWirePro: AUD/CAD fails to hold break above 100-SMA, bias lower

Dec 22, 2016 06:00 am UTC| Technicals

AUD/CAD price action below major moving averages, remains capped below 5-DMA. The pair is extending range trade below 61.8% Fib. On the hourly charts, upside failed to hold break above 100-SMA suggesting selling...

FxWirePro: AUD/NZD struggles to breakout 'symmetric triangle pattern', capped below 100-DMA

Dec 22, 2016 03:34 am UTC| Technicals

AUD/NZD is attempting breakout above symmetric triangle pattern. The pair finds stiff resistance by 100-DMA at 1.0507, break above will determine further impetus. We then see scope for test of 1.06...

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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

Shiba Inu: Top Analyst Identifies Coin as 'Potential Gold Mine'; Price Analysis Suggests 35% Upside

Top analyst Davie Satoshi sees Shiba Inu (SHIB) as a potential gold mine; price analysis predicts a 35% upside. Key Pattern in SHIBs Price Chart The Shiba Inu (SHIB) memecoin has caught the eye of many analysts....

Tesla Cybertruck Powers Houston Gas Station, Elon Musk Reacts to Saudi Prince’s Photo

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

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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

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