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Sun, May 19, 2024 05:31 AM All times are UTC

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US Oil faces major support at $29.85, break below targets $28.20

Feb 16, 2016 10:04 am UTC| Technicals

Major support- $29.85 (trend line joining $26.03 and $27.09) Major resistance - $31.80 (trend line joining $34.79 and $33.57) US Oil has retreated after making a high of $31.46. Short term trend is slightly weak as long...

Indian rupee falls against US dollar, hovers around key resistance level at 68.48

Feb 16, 2016 09:54 am UTC| Technicals

Indian rupee depreciated 0.5% against US dollar and currently trading at 68.40 levels. It made intraday high at 68.42 and low at 68.12 levels. A daily close above 68.48 will take the parity towards 2 year low...

EUR/USD breaks minor trend line resistacne, targets 1.1245/1.1270

Feb 16, 2016 09:16 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...

FxWirePro: BTC/USD faces short term resistance around $409, good to buy at dips

Feb 16, 2016 08:57 am UTC| Technicals

BTC/USD has slightly retreated after making a high of $409. It is currently trading around $398. Short term trend is slightly bullish as long as support $370 holds. On the higher side any break above $409 will take the...

FX Hedging Strategy Series

FxWirePro: Sterling's hedging sentiments mounting ahead of EU summit, data season - Use ATM in back spreads as no disparity between IVs and NPV

Feb 16, 2016 07:35 am UTC| Technicals

The most important risk event for the GBP this week is the 18th - 19th February EU summit. We expect a correction lower in EURGBP in case an agreement is reached at the meeting, although an impasse and further GBP weakness...

USD/CHF intraday outlook

Feb 16, 2016 07:33 am UTC| Technicals

Pair is currently trading at 0.9875 marks. It made intraday high at 0.9885 and low at 0.9854 levels. Intraday bias remains neutral till the time pair holds key resistance at 0.9888 levels. A daily close above 0.9884...

FxWirePro: EUR/GBP rangebound, focus on UK inflation data and German Zew sentiment

Feb 16, 2016 07:32 am UTC| Technicals

EUR/GBP halts two consecutive sessions of losses to edge higher on the day, currently trading by days highs at 0.7741. Techs suggest downside in the pair, RSI is retracing after hitting near 70 levels and points south,...

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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...