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

Aug 30, 2016 03:21 am UTC| Technicals

Major intraday resistance -5525 (9-day EMA). Major support - 5447 (55 EMA). The index has recovered after making a low of 5447 yesterday. It is currently trading around 5498. On the higher side,any break...

FxWirePro: Nikkei225 faces strong resistance at 16800, good to buy on dips

Aug 30, 2016 02:57 am UTC| Technicals

Nikkei225 is consolidating after jumping till 16764 level.It is currently trading around 16734. The index jumped sharply yesterday compared all other asian indices on account of weaker yen.The yen depreciation is...

FxWirePro: USD/SGD hovers around 1.36 mark, bias remains bullish above 1.3627

Aug 30, 2016 02:55 am UTC| Technicals

USD/SGD is currently trading around 1.3610 marks. It made intraday high at 1.3616 and low at 1.3579 levels. Intraday bias remains neutral till the time pair holds initial resistance at 1.3627 marks. A...

FxWirePro: South Korean won opens onshore trade at 1,118.0 per USD, faces strong resistance at 1,128

Aug 30, 2016 02:20 am UTC| Technicals

USD/KRW is currently trading around 1,119 levels. It made intraday high at 1,120 and low at 1,116 marks. Intraday bias remains neutral till the time pair holds key resistance at 1,128 levels. A sustained...

FxWirePro: Aussie gains against major peers on the back of higher than expected building approvals data release

Aug 30, 2016 02:06 am UTC| Technicals

AUD/NZD is currently trading around 1.0439 marks. Pair made intraday high at 1.0448 and low at 1.0423 marks. Intraday bias remains bullish till the time pair holds key support at 1.0393 marks. A sustained...

FxWirePro: Yen gains in early hours of Asia on robust retail sales data release

Aug 30, 2016 01:19 am UTC| Technicals

USD/JPY is currently trading around 101.90 marks. It made intraday high at 102.01 and low at 101.75 levels. Intraday bias remains bearish till the time pair holds key resistance at 102.65 levels. A daily...

FxWirePro: AUD/USD bounces off lows, but more downside expected

Aug 29, 2016 17:00 pm UTC| Technicals

The AUD/USD pair declined on Monday as the greenback rose on expectations that Federal Reserve will raise U.S. interest rates soon. Comments from Federal Reserve Chair Janet Yellen and Vice Chair Stanley Fischer on...

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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

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...

Over 50 Million USDT Blacklisted by Tether Amid Regulatory Scrutiny, Details Inside

Tether has blacklisted five wallets holding 54.1 million USDT, amidst increasing regulatory scrutiny and past enforcement actions. Tether Blacklists Five Wallets Holding 54.1 Million USDT Amid Ongoing Regulatory...

Altcoins Expected to Yield 2x-5x Gains by May End: Fetch.AI, Floki, AAVE, ENA

The latest climb in Bitcoins price beyond $65,000 on Wednesday sparked a new relief rally in the cryptocurrency market. Top altcoins are also profiting from the upward momentum, recovering from recent downturn tendencies....

US Orthodontic Leader Accepts Shiba Inu, Embracing Cryptocurrency for Payments

Shiba Inu, the popular meme coin, is experiencing a period of growth and increased utility. Amoré Orthodontic Aligners, a company that specializes in orthodontic care, recently announced that it will now accept SHIB...

Crypto Lender Genesis to Return $3 Billion in Bankruptcy Wind-Down Amid Rising Creditor Haircuts

Crypto lender Genesis Global received court approval to return nearly $3 billion to customers, while a report highlights a significant increase in creditor haircuts in bankruptcy cases to 73% in FY24. Judge Approves...