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FxWirePro: NZD/USD finds major resistance at 0.73 levels, good to sell rallies

Sep 14, 2016 06:11 am UTC| Technicals

NZ Balance of Payments Current account deficit for Q2 came in at 945mln versus -295mln expected and against a surplus of 1306mln seen previously. New Zealand posts narrowest current account deficit since 2Q 2014,...

FxWirePro: NZD/USD slides below 21-DMA again, bears resume as shooting star appears at peaks of 16-months highs – Deploy tunnel spreads to discount rallies

Sep 14, 2016 06:06 am UTC| Technicals

NZDUSD has formed shooting star candlestick pattern at peaks of 16-months highs which is bearish in nature (at 0.7318 levels, see weekly chart). As a result of the formation of this bearish pattern, the current prices...

FxWirePro: EUR/SEK finds major hurdle at 9.5681, sustained close above targets 9.5993

Sep 14, 2016 05:41 am UTC| Technicals

EUR/SEK is currently trading around 9.5670 levels. It made intraday high at 9.5736 and low at 9.5496 levels. Intraday bias remains bullish for the movement. A daily close below 9.54 will take the parity...

FxWirePro: GBP/JPY takes support near 21- day MA, good to sell on rallies

Sep 14, 2016 05:40 am UTC| Technicals

Major support 134.25 (21- day MA). Major resistance 136.45 (10-day EMA). GBP/JPY has taken support near 21- day MA and recovered from that level. It is currently trading around 135.94. On the lower side,...

FxWirePro: AUD/CAD holds above 200-DMA at 0.98, weakness only on break below

Sep 14, 2016 05:37 am UTC| Technicals

AUD/CAD finds major support by 200-DMA currently at 0.98. Price action is hovering above 20-DMA and we see weakness only on break below. Major support levels - 0.9816 (38.2% Fib), 0.98 (200-DMA), 0.9761 (Aug 19...

FxWirePro: South African rand consolidates around 14.40 mark, consistent break above targets 14.96

Sep 14, 2016 05:18 am UTC| Technicals

USD/ZAR is currently trading around 14.40 levels. It made intraday high at 14.43 and low at 14.38 levels. Intraday bias remains bullish till the time pair holds major support at 14.17 levels. A daily...

FxWirePro: AUD/USD holds trendline support, break below targets 200-DMA at 0.7394

Sep 14, 2016 05:16 am UTC| Technicals

AUD/USD is making minor-recovery attempts after yesterdays sell-off, tepid-bounce in commodities prices supports. On the daily charts downside has held major trendline support at 0.7442. Technical indicators on...

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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...