Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Technicals

Mon, May 06, 2024 01:28 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: USD/DKK rebounds from 2-year low, next hurdle at 21-DMA

Sep 02, 2020 09:55 am UTC| Technicals

The Danish Krone declined, retreating from an over 2-year peak recorded in the prior session as the dollar index bounced back from recent lows. The greenback rebounded from an over 2-year low as U.S. data pointed to a...

FxWirePro: AUD/NZD breaks below 21-EMA, 'Shooting Star' on weekly charts dents upside

Sep 02, 2020 09:54 am UTC| Technicals

AUD/NZD chart - Trading View AUD/NZD is extending previous weeks weakness, trades 0.53% lower on the week till date. The pair was trading 0.35% lower on the day and looks set to extend downside as price action breaks...

FxWirePro: USD/NOK retreats from an over 1-year trough, faces resistance at 7-EMA

Sep 02, 2020 08:59 am UTC| Technicals

The Norwegian Krone declined after rising to an over 1-year peak in the prior session following soft economic data, while the greenback surged against a basket of currencies. Norways current account surplus narrowed...

FxWirePro: USD/JPY extends upside for the 3rd straight session, hovers around 106 handle

Sep 02, 2020 07:02 am UTC| Technicals

USD/JPY chart - Trading View US dollar extends its recovery, USD/JPY gains for the 3rd straight session. Price action has retraced back above the 106 handle and the pair was trading 0.08% higher at 106.02 at around...

FxWirePro: AUD/USD slips lower, Aussie under pressure after record slump in Australia's Q2 GDP

Sep 02, 2020 05:24 am UTC| Technicals

AUD/USD chart - Trading View AUD/USD slips lower for the 2nd straight session, trades range bound in the Asian session. The Australian dollar under pressure across the board after Australia reported a...

FxWirePro: NZD/USD tests 200W MA at 0.6786, kiwi buoyed after RBNZ Orr's comments

Sep 02, 2020 04:32 am UTC| Technicals

NZD/USD chart - Trading View NZD/USD grinds higher to test 200W MA at 0.6786. The pair has rallied by over 1,200 pips since March and outlook remains bullish. The New Zealand dollar buoyed after Reserve Bank of New...

FxWirePro: EUR/AUD strongly bearish despite upside attempts

Sep 01, 2020 18:53 pm UTC| Technicals

EUR/AUD initially gained on Tuesday after dovish RBA statement but resumed downside as euro was weighed down by downbeat eurozone inflation data. Inflation in the eurozone turned negative in August for the first time...

1731 1732 1733 1734 1735 1736 1737 1738 1739 1740

Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Science

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...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Samsung's Galaxy S25 Rumored to Boost Longevity with 'Battery AI'

Samsungs upcoming Galaxy S25 Ultra is poised to incorporate Battery AI, an innovative technology promising to improve battery life by up to 10% through smarter energy management. Unlocking the Potential of Battery AI in...

AI Protocol Render (RNDR) Soars 15% As Bitcoin Fights For Balance

As Bitcoin grapples with market volatility, altcoin Render (RNDR) stands out with a remarkable 15% surge, showcasing its resilience amid the crypto markets tumult. This surge comes as Bitcoin struggles to find stability,...

Huawei's Covert US Funding Scheme Raises Eyebrows Amid Export Ban

The revelation of Huaweis discreet sponsorship of U.S. research through a Washington-based foundation has reignited concerns about the efficacy of the export ban. Despite regulatory hurdles, the tech giant managed to fund...

Crypto.com's F1 Sponsorship Expansion Sparks Global Visibility Drive

Crypto.com, one of the top exchanges in the digital currency ecosystem, is set to expand its sporting ad budget. Notably, the trading platform is looking to expand its dominance in its push for global...

Stablecoins Set to Overtake Visa, Ripple CEO Affirms XRP and ETH Not Securities

Stablecoins are poised to challenge Visas dominance in payment volume, marking a significant shift in the crypto landscape. Meanwhile, Ripple CEO Brad Garlinghouse asserts that XRP and Ethereum (ETH) are not securities,...