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Sun, May 19, 2024 10:28 AM All times are UTC

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FxWirePro:GBP/JPY faces strong resistance at 158, good to sell on rallies

May 11, 2016 06:34 am UTC| Technicals

Major resistance 158.10 (Daily Tenken-Sen) Major support 157 (21 day MA) The pair has made a high of 157.99 today at the time writing and started to fall from that level. It is currently trading around...

FX Hedging Strategy Series

FxWirePro: CAD/JPY intermediate bulls unable to confront major downtrend, reject minor resistance at 84.578

May 11, 2016 06:14 am UTC| Technicals

Upswings could not manage to hold minor resistance at 84.578, Current prices well below 21DMA on the verge of plunging below 7DMA. We could now foresee further weakness in CADJPY when we consider the intermediate and...

FxWirePro: Gold faces strong support at 21 day EMA, good to buy at dips

May 11, 2016 06:02 am UTC| Technicals

Major support - $1256 (21 day MA) The yellow metal has taken support near 21 day MA and recovered from that level. It is currently trading around $1270. Short term trend is slightly bullish as long as support 21...

FxWirePro: Silver erases previous losses and remains well supported above $17, good to buy on dips

May 11, 2016 05:28 am UTC| Technicals

XAG/USD is currently trading around $17.19 marks. It made intraday high at $17.22 and low at $17.06 levels. Intraday bias remains bullish till the time pair holds immediate support level at $16.88 marks. On...

FxWirePro: USD/SGD hovers around key resistance at 1.3723, a break above targets 1.3772

May 11, 2016 04:51 am UTC| Technicals

USD/SGD is currently trading around 1.3709 marks. It made intraday high at 1.3710 and low at 1.3657 levels. Intraday bias remains neutral for the moment. A sustained close above 1.3723 tests key resistances...

FxWirePro: Go long on XAU/USD above $1268 with stop loss at $1262 and target of $1277

May 11, 2016 03:57 am UTC| Technicals

XAU/USD is currently trading around $1269 mark. It made intraday high at $1264 and low at $1271 levels. Intraday bias remains bullish till the time pair holds immediate support at $1262 marks. A daily close...

FxWirePro:ASX200 retreats after making a high of 5430, good ot buy at dip

May 11, 2016 02:52 am UTC| Technicals

Major resistance - 5380 Major Support - 5200 ASX200 pares early gains today morning after making breaking a major resistance of 5380 and jumped till 5430 at the time of writing.It is currently trading at...

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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

OpenAI Founders Sam Altman and Greg Brockman Defend After Safety Researchers Quit

OpenAI founders Sam Altman and Greg Brockman are defending their safety measures after top researchers Ilya Sutskever and Jan Leike resigned, highlighting internal disagreements on AI priorities. Key OpenAI Safety...

Analyst Predicts Ethereum ETF to Trigger Major ETH Market Moves Soon

Cryptocurrency analyst Michael van de Poppe forecasts that the upcoming Ethereum ETF announcement will cause significant market moves, despite a recent decline in trading volume. Ethereums ETF Announcement Expected to...

Venezuela Acts Tough on Crypto Mining Amid Energy Squeeze, Disconnects Bitcoin Farms

Venezuelas Ministry of Electric Power is disconnecting cryptocurrency mining farms from the national grid to manage energy demand and ensure a stable power supply. This measure follows the recent seizure of 2,000 Bitcoin...

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....