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Fri, May 17, 2024 08:28 AM All times are UTC

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FxWirePro: USD/CNY hits fresh 2-week low at 6.66 mark, PBOC sets yuan mid-point at 6.6513

Sep 22, 2016 07:13 am UTC| Technicals

USD/CNY is currently trading around 6.6690 marks. It made intraday high at 6.6715 and low at 6.6600 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.6805 marks. On the top...

FxWirePro: USD/TRY hits fresh 2-week low at 2.9491, consistent break below targets 2.9207

Sep 22, 2016 06:36 am UTC| Technicals

USD/TRY is currently trading at 2.9531 levels. It made intraday high at 2.9560 and low at 2.9491 levels. Intraday bias remains bearish for the moment. Key resistances are seen at 2.9647, 2.9874, 2.9977,...

EUR/USD trades above 21- day MA, targets 1.1284/1.1350

Sep 22, 2016 06:28 am UTC| Technicals

EUR/USD jumped sharply from the low of 1.1231 made yesterday after Fed stands pat yesterday policy meeting. The pair pared its losses and climbed till 1.11923 yesterday. EUR/USD continued its gaining momentum in the...

FxWirePro: USD/JPY holds major trendline support at 100.05, good to short break below

Sep 22, 2016 06:12 am UTC| Technicals

As widely expected, the FOMC kept the target range for the federal funds rate at 0.25-0.50%. Growing support was seen in the hawkish block of the Fed, showing that momentum for a hike is building. Esther George...

FX Hedging Strategy Series

FxWirePro: NZD/JPY shrugs off unchanged OCR, breach below supports and DMAs stimulate bears interest - Bets on one touch binaries

Sep 22, 2016 06:10 am UTC| Technicals

The pair began dipping consistently from this weeks highs of 74.884 levels to the current 73.581 levels, thats where it has struggled to hold onto the bull swings and appeared shooting star pattern candle. Bears have again...

FXWirePro: Gold trades slightly above 21- day MA, good to buy on dips

Sep 22, 2016 05:59 am UTC| Technicals

Major Support - $1305 (100- day EMA) Major intraday resistance -$1342 (61.8% retracement of $1367.30 and $1302.50) The yellow metal hits highest level since Sep 9th after US Fed kept its interest rates unchanged...

FxWirePro: USD/ZAR hits fresh 4-week low at 13.53, bias remains bearish

Sep 22, 2016 05:33 am UTC| Technicals

USD/ZAR is currently trading around 13.55 levels. It made intraday high at 13.58 and low at 13.53 levels. Intraday bias remains bearish till the time pair holds major resistance at 14.02 levels. A 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

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

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...

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...

Technology

Microsoft Integrates AMD AI Chips into Azure, Competing with Nvidia’s GPU Offerings

Microsoft announced Thursday that it will integrate AMDs MI300X processors into its Azure cloud services, offering a competitive alternative to Nvidias GPUs. Azures New AI Processing Power According to Reuters,...

Altcoins a ‘Relatively Huge’ Risk as Big Returns Fade, Analysts Warn Investors

Analysts caution that altcoins now represent a relatively huge risk, with the days of massive returns fading. Markus Thielen of 10xResearch suggests the high-reward era is over as crypto market narratives...

Bitcoin Has Best Day in 2 Months as SHIB to Get More Scarce with Shibarium

Bitcoin experienced its largest single-day rise in nearly two months, while ShibaSwaps expansion to Shibarium is set to increase SHIBs scarcity by boosting its burn rate. ShibaSwap Launches on Shibarium, Increasing SHIB...

Kia's Electric Pickup Spotted in US Testing, Targets Tesla Cybertruck, Ford F-150 Lightning

Kias upcoming electric pickup, designed to rival the Tesla Cybertruck, Rivian R1T, and Ford F-150 Lightning, has been spotted testing in the U.S., marking a significant step in its development. Kias Strategic Move into...

OpenAI Strikes Deal with Reddit to Bring Content to ChatGPT, Boosting Stocks

OpenAI and Reddit announced a partnership on May 16 to integrate Reddit content into ChatGPT, enhancing the chatbots capabilities and driving Reddits stock up 12% in extended trading. Reddit Diversifies Beyond...