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

Become a contributor

Bookmark Econotimes

Technicals

Tue, May 21, 2024 10:28 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: USD/DKK slumps to over 2-year low, dip till 6.2365 likely

Jul 31, 2020 10:56 am UTC| Technicals

The Danish Krone rallied to a over 2-year peak as the greenback slumped across the board. The dollar index declined as investors fretted that a rebound in the U.S. economy would be derailed by the struggle to stem the...

FxWirePro: FTSE100 trades weak, dip till 5895 likely

Jul 31, 2020 08:13 am UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 5983 Kijun-Sen- 6047 FTSE100 continues to trade weak and broken psychological support 6000 on coronavirus. The second wave of coronavirus spread in U.S and...

FxWirePro: GBPJPY upside capped by 200-day MA, break above targets 140

Jul 31, 2020 08:08 am UTC| Technicals

Ichimoku Analysis (Daily chart) Tenken-Sen- 135.85 Kijun-Sen- 134.67 GBPJPY surged past 136.60 high made on Jul 22nd after a long consolidation between 136.62 and 134.99 for the past one week. The pair...

FxWirePro: Gold Daily outlook

Jul 31, 2020 04:56 am UTC| Technicals

Ichimoku Analysis (Daily Chart) Tenken-Sen- $1961.91 Kijun-Sen- $1955 Gold recovered sharply after hitting a low of $1939 on a weak US dollar. The US dollar index declines and hits 26.5 months low...

FxWirePro :EUR/NZD rises to its highest level since June 1st

Jul 30, 2020 18:25 pm UTC| Technicals

EUR/NZD rose higher on Thursday as euro continued to receive warm welcome from market on EUs mutualized relief plan. EUR/NZD bulls have to contend with strong resistance at 1.7818 (100 DMA). If EUR/NZD longs overcome...

FxWirePro: EUR/AUD regains upward momentum ahead of key resistance

Jul 30, 2020 17:44 pm UTC| Technicals

EUR/AUD rally extended towards 1.6500 on Thursday as euro was supported by Fed statement reiterating its pledge to use all its tools to help the economy recover from COVID-19 impacts. The Fed highlighted the risks...

FxWirePro: Sell FTSE100 on rallies

Jul 30, 2020 16:45 pm UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 6081 Kijun-Sen- 6137 FTSE100 continues to trade lower after three days of consolidation. The escalation of the US-China trade war and the second wave of...

1791 1792 1793 1794 1795 1796 1797 1798 1799 1800

Economy

Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon

Central banks in Europe are discovering an old dilemma: when they lower interest rates because inflation is slowing down, its likely to weaken their currencies. This in turn may delay the fall in inflation towards their...

Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity

Some believe that the war in Ukraine has fundamentally changed Europe, giving birth to a different kind of European order. That is, it appears to be driving structural shifts in the way Europe is run and organised that...

Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments

There are 8.5 million households in the UK who own a home with a residential mortgage, often with fixed interest rates from two to five years. Usually, when that mortgage deal ends, the borrower will move to another deal...

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...

Politics

Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act

At the end of April 2024, a long and peaceful process of national dialogue in Gabon between the military junta, presided over by coup leader General Brice Oligui Nguema, and civil society, represented by 580 civilians,...

How German media attention idealises female Ukrainian refugees

According to the latest available data, around 3.7 million Ukrainians are internally displaced, while nearly 6.5 million have registered as refugees globally. With 1.13 million, Germany has taken in the largest...

Over 26 million South Africans get a social grant. Fear of losing the payment used to be a reason to vote for the ANC, but no longer – study

Social grants to reduce poverty feature prominently in the campaign promises of political parties in South Africas 2024 national and provincial general elections, set for 29 May. The countrys social grants system is one...

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...

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

UAE, US Strengthen AI Partnership; Alibaba, Baidu Slash Chatbot Model Costs

The UAE and the US are set to deepen their AI investments, while Alibaba and Baidu announce substantial reductions in chatbot model costs. US and UAE to Boost AI Investments Emirates state minister for AI Omar Sultan...

Ether ETFs May Boost ETH to $10K, but Approval Delayed Until 2025

While the ETF licensing procedure could take until 2025, it could be Ethers most important price catalyst. Spot Ether ETFs Could Drive ETH Price to $10,000 by End of 2024, Says Nexos Stoychev Legalizing spot Ether...

Solana Could Surge After Ethereum ETF Approval: Matrixport Co-founder Predicts

The broader cryptocurrency market has risen today due to speculation over the likely approval of the Spot Ethereum ETF by the US SEC. However, amid the euphoria, Matrixport co-founder Daniel Yans recent comments have...

Tesla's ‘Cybercab’ Robotaxi Interior Leaked in New Promotional Video

Tesla may have unintentionally leaked the interior of its highly anticipated Cybercab Robotaxi in a recent promotional video, sparking excitement and speculation. Teslas Robotaxi Vision Unveiled Over the past few...

Tron Founder Justin Sun's $2.5 Billion Ethereum Stash Sparks Investor Interest

Tron founder Justin Suns $2.5 billion Ethereum investment is stirring significant market interest, highlighting his confidence in the cryptocurrencys future. Justin Suns Ethereum Holdings Explained Tron founder...