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FxWirePro: AUD/USD slightly weaker on RBA's status-quo, finds strong support at 0.7615 (20-DMA)

Sep 06, 2016 05:23 am UTC| Technicals

RBAs rate decision was largely a non-event, AUD/USD failed at weekly highs, slips lower to hover around 20-DMA support at 0.7615. RBA left the cash rate unchanged at a record low of 1.5% earlier today. Downside...

FxWirePro: USD/INR hits fresh 4-month low at 66.40; stay bearish

Sep 06, 2016 05:05 am UTC| Technicals

USD/INR is currently trading around 66.50 marks. It made intraday high at 66.59 and low at 66.42 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 66.82 marks. Key...

FxWirePro: AUD/USD upside halts at major trendline resistance at 0.7636, focus on RBA cash rate announcement

Sep 06, 2016 04:28 am UTC| Technicals

AUD/USD rally in response to upbeat Australian economic releases halts at stiff trendline resistance at 0.7636. The immediate focus now remains on the RBA cash rate announcement due out shortly. The pair has...

FxWirePro: Yen strengthens on reduced prospects of BOJ stimulus, USD/JPY hovers around 103.50

Sep 06, 2016 04:14 am UTC| Technicals

Yen strengthens following Abe advisor Hamadas comments which suggested Japanese officials will likely wait and watch what the Fed does. Reduced prospects of BOJ stimulus lift the Yen, USD/JPY reversed gains from...

FxWirePro:ASX200 faces strong resistance at 55-day EMA,good to sell on rallies

Sep 06, 2016 03:04 am UTC| Technicals

Major resistance -5445 (55-day EMA). Major support - 5350. The index has slightly retreated after making a high of 5434 yesterday. It is currently trading around 5409. On the higher side,minor resistance is...

FxWirePro: Prefer to go long on USD/SGD around 1.3568 with stop loss at 1.3513 and target of 1.3799

Sep 06, 2016 02:48 am UTC| Technicals

USD/SGD is currently trading around 1.3575 marks. It made intraday high at 1.3585 and low at 1.3557 levels. Intraday bias remains bullish till the time pair holds initial support at 1.3513 marks. A sustained...

Nikkei225 holds above 17000, jump till 17330 likely

Sep 06, 2016 02:47 am UTC| Technicals

Major support -16850 (200- day MA). Nikkei225 has formed a temporary top around 17159 and declined till 16999 yesterday.It is currently trading around 17059. The index is facing strong resistance at 17200 and any...

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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

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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

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

Binance Enhances SHIB, USTC, AGIX Trading and Liquidity for Better Market Dynamics

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience. Binances...

OpenAI Disbands Team Tackling AI Risks Amid Leadership Changes and GPT-4o Launch

OpenAI has dismantled its Superalignment team, initially formed to address AI risks, following the resignations of key leaders Ilya Sutskever and Jan Leike. OpenAI Disbands Superalignment Team Days After Leaders Resign,...

$73M Crypto Scam: Two Foreign Nationals Arrested for 'Pig Butchering'

The Justice Department prosecuted two Chinese nationals on Friday in a cryptocurrency scam that laundered at least $73 million from deceived victims. Defendants Allegedly Used Shell Corporations to Launder Funds Through...

Crucial SHIB Warning Goes Out: Fake Airdrop Scams Targeting Community, Here's Reason

The Shiba Inu team has delivered a crucial warning to its community, highlighting the presence of fake SHIB airdrop scams and the importance of safeguarding cryptocurrency assets. Shiba Inu Team Warns Community Against...

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...
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