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Sun, Jun 02, 2024 11:44 AM All times are UTC

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FxWirePro: FTSE 100 faces strong support around 5940, good to buy on dips

Feb 23, 2016 09:18 am UTC| Technicals

Major resistance - 6030 (trend line joining 6129 and 6054) Major support - 5940 (200 day 4 HMA) FTSE has retreated 5977 after making a high of 6066. It is currently trading around 6015. Short term trend is...

FxWirePro: BTC/USD struggles to break above $450, good to buy at dips

Feb 23, 2016 07:49 am UTC| Technicals

BTC/USD has retreated after making a high of $447. It is currently trading around $434. Short term trend is slightly bullish as long as support $425 holds. On the higher side any break above $450 will...

FxWirePro: Short term bullish opportunity in copper

Feb 23, 2016 07:36 am UTC| Technicals

Copper is showing some strength, in line with other industrial metals. Iron ore, traded above $50/ton for first time in four months and copper has bounced back sharply from $2/pound psychological support area. Bulls...

FxWirePro: Strong resistance for AUD/USD at 0.7250, good to go long on breaks above

Feb 23, 2016 06:56 am UTC| Technicals

AUD/USD has broken strong resistance at 0.72 levels, upside on the day seen capped at 0.7243. The pair faces strong resistance at 0.7245-0.7250 levels, breaks above 0.7250 could take the pair higher to 0.7283 and...

EUR/USD faces strong support around 1.1000, break below targets 1.0825

Feb 23, 2016 06:33 am UTC| Technicals

Major support -1.1000 (200 day 4 HMA) Major resistance - 1.10550 (support turned into resistance) The pair has made a low of 1.1003 yesterday and recovered from that level. It is currently trading around...

Call update - Targets hit, book profits on AUD/USD, further upside only on breaks above 0.7250

Feb 23, 2016 06:07 am UTC| Technicals

Our AUD/USD call (http://www.econotimes.com/FxWirePro-AUD-USD-rejected-at-session-lows-good-to-buy-dips-164678) has hit all targets. Book full profits and exit trade. The pair faces strong resistance upto 0.7250 levels,...

FxWirePro: GBP/USD faces major resistance around 1.4190, good to sell on rallies

Feb 23, 2016 06:06 am UTC| Technicals

Major resistance - 1.4190 Cable has made a low of 1.40573 and slightly recovered till 1.41678 from that level. It is currently trading around 1.41228. Short term trend is still weak as long as resistance 1.4190...

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Economy

Will government investment make green hydrogen a reality in Australia?

In the budget last week, the government was keen to talk about its efforts to turn Australia into a renewable superpower under the umbrella of the Future Made in Australia policies. Future Made is a framework that sets...

Small businesses can help South Africa fight unemployment if they get proper support – study

South Africa has an alarming unemployment rate of approximately 32.1%. Solutions have been elusive. The unemployment rate has been consistently high for decades. Our research has revolved around entrepreneurship. We...

Australia is set to ban live sheep exports. What will this mean for the industry?

This month the federal government announced a plan to ban live sheep exports, set to come into effect from May 1 2028. The announcement coincided with the release of a highly anticipated report by an independent panel...

Latest inflation figures are good news

The U.S. economy is slowing, but not crashing. In the dismal science, this is what counts as good news. Thats the message I took away from the latest inflation data, released May 15, 2024, which showed U.S. consumer...

The budget is full of good news, but good news isn’t the same as good management

This years budget has something for everyone, with very little in the way of cuts and no new taxes. Its a classic good news pre-election budget. Whether it is too good to be true hinges on whether this budget...

Politics

Why the US government is intervening in the live music business and could break up Live Nation Entertainment – a music industry scholar explains

The U.S. Justice Department, along with 29 states and the District of Columbia, have filed an antitrust lawsuit against Live Nation Entertainment, the parent company of Ticketmaster. The lawsuit alleges that Live Nation...

6 ways to foster political discourse on college campuses

With deep divisions on college campuses most recently over the conflict in the Gaza Strip and Israel many observers fear that universities are not places where students can discuss divisive issues with people who...

How Iran selects its supreme leader

The sudden death of President Ebrahim Raisi is unlikely to drastically alter Irans foreign and domestic policies, but it has left a power vacuum. As stipulated by the constitution, Raisi was replaced by his first vice...

Why the upcoming South African election a massive milestone for the ruling ANC

South Africans governing party, the African National Congress (ANC), is in trouble. After 30 years in charge, it is scrambling for support ahead of the upcoming national elections. The ANC has run the country since the...

How Modi is using TV, film and social media to sway voters in India’s election

As the worlds largest electorate goes to the polls in India, political parties are seeking to sway voters through popular culture, like film. Although cinema has long reflected and influenced the countrys political and...

Science

Ancient DNA from an extinct native duck reveals how far birds flew to make New Zealand home

Ask a bird lover if they have heard of the extinct giant moa or its ancient predator, Haasts eagle, and the answer will likely be yes. The same cant be said of New Zealands extinct, but equally unique, mergansers a group...

Black holes are mysterious, yet also deceptively simple − a new space mission may help physicists answer hairy questions about these astronomical objects

Physicists consider black holes one of the most mysterious objects that exist. Ironically, theyre also considered one of the simplest. For years, physicists like me have been looking to prove that black holes are more...

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...

Technology

Shiba Inu and Dogecoin Prices Poised for Sharp Rally in June: Market Analysts

As June begins, investors eagerly anticipate a sharp rally for Shiba Inu and Dogecoin prices. Market analysts are closely watching these meme coins for significant price movements, driven by various macroeconomic factors...

Tesla Cybertruck Police Cruiser Unveiled, Potential Savings of $80K on Fuel Costs: Report

Teslas new Cybertruck police cruiser, with its commanding design, promises to save taxpayers $80,000 annually on fuel costs, according to a recent report. Unplugged Performance Showcases Tesla Cybertruck Police Cruiser,...

Hyundai IONIQ 5 Leads US Production with $7,500 Tax Credit; Chevy Offers No Payments on Equinox, Blazer EVs

Chevy offers no payments on Equinox and Blazer EVs for 120 days, but heres the deal. Meanwhile, Hyundai IONIQ 5 to lead US production at the new EV plant with a $7,500 tax credit in sight. Chevrolet Launches Equinox and...

Ripple CEO Predicts Unavoidable Launch of XRP ETF at Consensus 2024

At Consensus 2024, Ripple CEO Brad Garlinghouse declared that XRP ETFs are inevitable, anticipating the cryptocurrency markets growth to $5 trillion, fueled by recent spot Bitcoin and Ether ETF approvals. Garlinghouse...

US President Joe Biden Vetoes SAB 121 Repeal, Sparks Crypto Industry Backlash

President Joe Biden vetoed the repeal of SECs SAB 121, prioritizing investor and consumer welfare, sparking significant controversy in the cryptocurrency industry. Bidens Veto on SECs Crypto Accounting Bulletin Faces...