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Sun, May 19, 2024 06:42 AM All times are UTC

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DXY slides below 97 ahead of FOMC minutes, U.S. housing starts and building permits likely to soften

Feb 17, 2016 09:30 am UTC| Technicals

The dollar weakened against the yen Tuesday as oil prices resumed their slide despite an agreement by several major oil producers to freeze production. The ICE U.S. Dollar indexDXY at 96.78 (-0.06%) a measure of the...

FxWirePro: AUD/JPY seems weaker after break below support at 81.300, likely drag upto 79.645

Feb 17, 2016 09:08 am UTC| Technicals

After the breach of support 81.300, we think the pair has gone more fragile to evidence more dips upto next strong supports at around 79.645 and may even retest all time lows again. On intraday terms also it has just...

DAX 30 faces strong resistance around 9270, further bullishness only above that level.

Feb 17, 2016 09:07 am UTC| Technicals

Major resistance - 9270 (trend line joining 10876 and 9926) Major support - 9035 (20 day 4H MA) The index has retreated after making a high of 9270. It is currently trading around 9150. Any break above 9270 confirms...

FxWirePro: NZD/JPY sees strong support at 74.40, weakness only on close below

Feb 17, 2016 08:31 am UTC| Technicals

Yen appreciation continues unabated pressuring NZD/JPY lower, pair unable to take recovery beyond 10-DMA. 74.40 is a strong support levels for the pair, weakness only on close belowBreak below 74.40 could see next...

FxWirePro: EUR/USD forms bullish Shark pattern, good to buy at dips

Feb 17, 2016 07:36 am UTC| Technicals

Harmonic Pattern - Bullish Shark pattern Potential Reversal Zone (PRZ) 1 -1.1115 (88.6% retracement) Potential Reversal Zone (PRZ) 2- 1.1050 (1.13% retracement) The pair has made a low of 1.1118 yesterday...

FxWirePro: EUR/GBP holds above 0.78 handle, focus on UK labour market data

Feb 17, 2016 07:20 am UTC| Technicals

EUR/GBP advances beyond 0.7800 ahead of UK labour market data, extending gains after solid performance of the shared currency overnight. Offered tone in the sterling extends higher ahead of the upcoming UK labour...

Aussie falls against US dollar, employment data in focus

Feb 17, 2016 07:05 am UTC| Technicals

Pair is currently supported below $0.71 level. It made intraday high at $0.7120 and low at $0.7084 levels. Intraday bias remains bearish for the moment. Corrective rebound from $0.6826 should have completed...

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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

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...

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...

Technology

AI 'Godfather' Warns of Job Displacement, Advocates for Universal Basic Income

Renowned AI godfather Geoffrey Hinton warns of significant job losses due to AI, urging governments to adopt universal basic income as a countermeasure. Hinton Advocates for Universal Basic Income According to...

Shiba Inu: Top Analyst Identifies Coin as 'Potential Gold Mine'; Price Analysis Suggests 35% Upside

Top analyst Davie Satoshi sees Shiba Inu (SHIB) as a potential gold mine; price analysis predicts a 35% upside. Key Pattern in SHIBs Price Chart The Shiba Inu (SHIB) memecoin has caught the eye of many analysts....

Tesla Cybertruck Powers Houston Gas Station, Elon Musk Reacts to Saudi Prince’s Photo

A TikTok video showed a Tesla Cybertruck powering a Houston gas station after a tornado, while Elon Musk responded to a photo of a Saudi prince with a Cybertruck. Cybertrucks Real-World Test Connecting to a Tesla...

Shanghai's Data Policy Shift Could Propel Tesla's Local Data Center Efforts

Shanghais new data-export policy could accelerate Teslas plans to build a local data center, enhancing its artificial intelligence (AI) development for autonomous driving. Chinas Regulatory Update As China attempts...

CPI Report Spurs Optimism, BlackRock CIO Forecasts Fixed Income Growth

The release of the U.S. The Consumer Price Index (CPI) report provided a wave of relief to the financial markets. This signaled a possible reduction in inflationary pressures. Rick Rieder, Chief Investment Officer of...