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FxWirePro: USD/JPY upside capped at 122.73, good to sell rallies

Nov 27, 2015 05:40 am UTC| Technicals

USD/JPY edged slightly higher on the back of the mixed Japanese, but traders may be reluctant to create large positions into the closing day in liquidity thinned markets Todays data calls for more easing from BoJ....

FxWirePro: AUD/USD price action dips back into cloud, falls till 0.7176 likely

Nov 27, 2015 04:07 am UTC| Technicals

Markets are banking on a Fed hike for the first time in almost a decade, while the RBA is expected to remain on hold and unlikely to make any adjustments to their outlook until at least February of next year - this exposes...

GBP/CAD faces strong support around 2, good to buy at dips

Nov 27, 2015 03:48 am UTC| Technicals

Major trend reversal - 2 The pair has taken support near 2 level and slightly recovered from that level. It is currently trading at 2. trend is still bullish as long as support 2 holds. On the higher side major...

EM Asia FX: Underperformance trend remains incomplete

Nov 27, 2015 00:37 am UTC| Commentary Technicals

The trends have extended into a number of critical levels, and the September/October reversals have caused some concern that the medium term trends are vulnerable, corrective retracements as selling opportunities against...

FX Hedging Strategy Series

FxWirePro: Dubious on USD/SGD’s uptrend? Then delta hedge ATM calls on puzzling swings

Nov 26, 2015 14:43 pm UTC| Technicals

We dont think any weakness is disrupting ongoing USD/SGDs uptrend. Instead, the prevailing uptrend for USD/SGD seems to be corrected in short term (heading towards 23.6% Fibonacci retracement) But our convictions...

FX Hedging Strategy Series

FxWirePro: Gold seems vulnerable in global economic cycle - Stay Hedged with Option Strips

Nov 26, 2015 12:57 pm UTC| Technicals

Fundamental glimpse: For us, global economy looks seems under recessionary cycle as all asset classes have been struggling coupled with some other macroeconomic indicators, as a result golds tumble has also been...

China watchers, watch out for Tsinghua Unigroup

Nov 26, 2015 12:26 pm UTC| Business Technicals

Few days back, Reuters did a story on Tsinghua Unigroup and their plan to invest as much as 300 billion Yuan ($47 billion), equivalent to market leader Intels total yearly revenue to make Chip Empire. Though we...

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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

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...

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...

Technology

Microsoft Integrates AMD AI Chips into Azure, Competing with Nvidia’s GPU Offerings

Microsoft announced Thursday that it will integrate AMDs MI300X processors into its Azure cloud services, offering a competitive alternative to Nvidias GPUs. Azures New AI Processing Power According to Reuters,...

Altcoins a ‘Relatively Huge’ Risk as Big Returns Fade, Analysts Warn Investors

Analysts caution that altcoins now represent a relatively huge risk, with the days of massive returns fading. Markus Thielen of 10xResearch suggests the high-reward era is over as crypto market narratives...

Bitcoin Has Best Day in 2 Months as SHIB to Get More Scarce with Shibarium

Bitcoin experienced its largest single-day rise in nearly two months, while ShibaSwaps expansion to Shibarium is set to increase SHIBs scarcity by boosting its burn rate. ShibaSwap Launches on Shibarium, Increasing SHIB...

Kia's Electric Pickup Spotted in US Testing, Targets Tesla Cybertruck, Ford F-150 Lightning

Kias upcoming electric pickup, designed to rival the Tesla Cybertruck, Rivian R1T, and Ford F-150 Lightning, has been spotted testing in the U.S., marking a significant step in its development. Kias Strategic Move into...

OpenAI Strikes Deal with Reddit to Bring Content to ChatGPT, Boosting Stocks

OpenAI and Reddit announced a partnership on May 16 to integrate Reddit content into ChatGPT, enhancing the chatbots capabilities and driving Reddits stock up 12% in extended trading. Reddit Diversifies Beyond...