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Gold consolidates around 1209 level, outlook is bullish- long around 1200, targets around 1220/1250, SL 1170

Feb 16, 2016 18:07 pm UTC| Technicals

The yellow metal traded higher on Tuesday, as investors appetite for risker assets cooled as US stocks opened higher. The commodity rebounded strongly after finding support at 1090 in the early European session, and...

FxWirePro: USD/CAD approaches 1.3900 level, more upside expected

Feb 16, 2016 16:28 pm UTC| Technicals

USD/CAD has strongly inched higher breaking the psychological barrier at 1.3800 as the oil-correlated Canadian weakened further on Tuesday as oil prices dipped after oil producers Russia and Saudi Arabia dashed...

FxWirePro: EUR/USD resumes downside after failing to break resistance level at 1.1190

Feb 16, 2016 15:22 pm UTC| Technicals

The EUR/USD pair is trading as low as 1.1132 in the early the US session as the pair attracted sellers after soft German ZEW Economic Sentiment data. The pair initially bounced back towards 1.1190 level. However after...

FxWirePro:GBP/USD outlook weaker on renewed downside pressure

Feb 16, 2016 14:44 pm UTC| Technicals

GBP/USD declined sharply on Tuesday as the greenback rose against sterling following soft UK inflation data. The GBP/USD pair made some healthy gains in early European session hitting as high as 1.4515 but the pair was...

XAU/USD surpasses key resistance at $1212, a big buy for Gold again

Feb 16, 2016 12:16 pm UTC| Technicals

Pair is currently supported above $1200 mark. It made intraday high at $1190 in Asian hours while intraday high at $1216 marks. On the other side, Goldman Sachs predicted a fall to $1,100 an ounce in the next three...

EUR/USD Trade Idea

Feb 16, 2016 11:35 am UTC| Technicals

Minor resistance - 1.1170 (trend line joining 1.1375 and 1.13248) Minor support - 1.1150 The pair has recovered after making a low of 1.11280 yesterday. It is currently trading around 1.11878. On the lower side minor...

USD/IDR hits fresh 3-month low, BI rate decision in focus

Feb 16, 2016 11:24 am UTC| Technicals

Pair is well supported below 13400 marks and hit fresh 3 month low at 13335 levels. BI is scheduled to release interest rate decision on its 17-18 February meeting. BI is likely to lower its interest rate by 25bp to...

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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...