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

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FxWirePro:S&P 500 faces strong support at 2090, good to buy on dips

Sep 21, 2016 06:49 am UTC| Technicals

Major support 2090 (trend line joining 1807 and 1989, weekly Kijun-Sen). Major resistance 2166.80 (10- day MA). The index pared its previous week loss and jumped till 2154 at the time of writing. It is...

FxWirePro: South African rand appreciates against U.S. dollar ahead of CPI data; stay bearish

Sep 21, 2016 06:41 am UTC| Technicals

USD/ZAR is currently trading around 13.87 levels. It made intraday high at 13.93 and low at 13.86 levels. Intraday bias remains bearish till the time pair holds major resistance at 14.21 levels. A daily...

FxWirePro: GBP/JPY recovers after BOJ monetary policy, good to sell on rallies

Sep 21, 2016 06:41 am UTC| Technicals

Major support 129.06 (Aug 15th 2016 low). Major resistance 133.56 (100- H MA). GBP/JPY has pared its losses after BOJ has kept its interest rates unchanged at minus 0.1 pct and will continue its asset purchase...

FxWirePro: GBP/JPY interim swings respond to BOJ monetary shift but hammer pattern seeks confirmation bottom reversal

Sep 21, 2016 06:40 am UTC| Technicals

From last two-three days, the pair hasnt been moving anywhere beyond 133.476 on north and 132.059 on southwards after testing supports at 130.880 levels. Upswings take support at 130.880 levels and seem like momentary...

FxWirePro: EUR/JPY holds major trendline support at 112.51, intraday bias higher

Sep 21, 2016 06:34 am UTC| Technicals

EUR/JPY downside finds strong support by trendline at 112.51. The pair has taken trendline support and bounced higher. After initial volatility post-BoJ, EUR/JPY is on track to test 20-DMA at 114.65. Break above...

FxWirePro: AUD/JPY breaks into daily cloud, on track to test 100-DMA at 78.10

Sep 21, 2016 05:43 am UTC| Technicals

The Japanese yen was volatile after BoJ rate decision, witnessed wild swings. AUD/JPY popped post-BoJ rate decision, fell to hit lows of 76.36 and there after spike to session highs of 77.47. The pair has broken...

FXWirePro: Gold struggles to break above 55- day EMA, good to sell on rallies

Sep 21, 2016 05:30 am UTC| Technicals

Major Support - $1305 (100- day EMA) Major intraday resistance -$1322 (55- day EMA) The yellow metal has slightly declined till $1311 after BOJ has kept its interest rates unchanged at minus 0.10 pct but the...

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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...