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Sun, May 12, 2024 09:05 AM All times are UTC

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FxWirePro: AUD/USD slips below 0.77 handle on dismal CPI data, test of 0.7525 likely

Apr 27, 2016 03:38 am UTC| Technicals

AUD/USD dived around 100-pips in a knee-jerk reaction to dismal Australian CPI report. Data released earlier today showed Australias Q1 headline CPI figures came in at -0.2% q/q versus +0.2% expected and +0.4%...

FxWirePro: ASX200 faces strong support around 5200, good to buy at dips

Apr 27, 2016 03:07 am UTC| Technicals

Major resistance - 5300 Major Support - 5200 (7 day EMA) ASX200 has recovered after making a low of 5207 yesterday. It is currently trading at 5270. Short term trend is slightly bullish as long as support...

FxWirePro: Nikkei225 faces strong resistance at 17800, good to sell on rall

Apr 27, 2016 02:30 am UTC| Technicals

Major resistance - 17800 (22nd Apr 2016) The index has retreated after making a high of 17510 yesterday. It is currently trading around 17230.Short term trend is slightly bearish as long as resistance 17800...

FxWirePro: Japanese Yen gain in early Asia, intraday bias remains neutral

Apr 27, 2016 02:26 am UTC| Technicals

USD/JPY is currently trading around 111.19 marks. It made intraday high at 111.34 and low at 111.10 levels. Intraday bias remains neutral for the moment. A sustained close above 111.23 will take the parity...

FxWirePro: South Korean won gains on higher consumer confidence data

Apr 27, 2016 01:43 am UTC| Technicals

USD/KRW is currently trading around 1144 levels. It made intraday high at 1147 and low at 1142 levels. Today South Korea released consumer sentiment index with positive numbers at 101 vs 100 previous...

FxWirePro: Kiwi falls on the back of lower than expected trade balance data, Australia’s CPI in focus

Apr 27, 2016 01:13 am UTC| Technicals

AUD/NZD is trading around 1.1243 marks. Pair made intraday high at 1.1244 and low at 1.1218 marks. New Zealands monthly trade surplus contracted from a revised $367 million in February to $117 million last month,...

FxWirePro: USDJPY neutral near-term, scope for upward resumption

Apr 26, 2016 19:02 pm UTC| Technicals

The USD/JPY pair initially declined on Tuesday, after data release from US showed durable goods orders in March weakened, however the pair rebounded back on expectation that Bank of Japan will increase its stimulus...

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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...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

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...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

Science

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...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Ex-PayPal CEO Touts Bitcoin Lightning as Corporate Transaction Future

David Marcus, former PayPal CEO, endorses the Bitcoin Lightning Network as the future norm for corporate transactions worldwide, forecasting a transformative shift in global payment systems. David Marcus Champions...

DogeCoin and Shiba Inu Poised for Over 100% Market Rally

As the crypto market braces for recovery, Dogecoin and Shiba Inu show signs of a potent rebound. Technical indicators and market dynamics suggest a potential surge exceeding 100%, attracting keen investor...

FED Quietly Initiates Money Printing, Sparks Bitcoin Price Surge Speculation

One chart stands out as a beacon of optimism for Bitcoin and its peers in the complex landscape of cryptocurrencies. With the revival of the US money supply, investors face a critical moment. As the printing machines...

Ethereum ETFs: All Pending SEC Applications in a Bid for Regulatory Approval

Following the historic approval of 11 spot Bitcoin exchange-traded funds in January, industry analysts are asking when the US Securities and Exchange Commission (SEC) will approve an Ethereum counterpart. For those who...

Tron Founder Justin Sun Bags 2M Tokens From EigenLayer Airdrop, Boosting Crypto Clout

Justin Sun, the founder and CEO of Tron (TRX), stands to benefit significantly from the EigenLayer token airdrop. He received over $2 million in EIGEN tokens as part of EigenLayers Phase 1 airdrop. acquiring a staggering...