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

Become a contributor

Bookmark Econotimes

Technicals

Tue, Apr 30, 2024 04:26 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: Danish Krone off near 2-week peak on downbeat industrial production figures

Jul 07, 2020 09:56 am UTC| Technicals

The Danish Krone retreated from a near 2-week peak hit in the previous session following downbeat industrial production data, while the greenback rebounded against a basket of currencies. Denmarks industrial...

FxWirePro: GBPJPY Daily outlook

Jul 07, 2020 09:44 am UTC| Technicals

Ichimoku Analysis (8-hour chart) Tenken-Sen- 134.20 Kijun-Sen- 133.32 GBPJPY is consolidating in a narrow range between 134.70 and 133.98 for the past two trading days. GBP is struggling to close above...

FxWirePro: Gold downside capped by Tenken-Sen, good to buy on dips

Jul 07, 2020 08:10 am UTC| Technicals

Ichimoku Analysis (Daily Chart) Tenken-Sen- $1768 Kijun-Sen- $1729 Gold is trading higher and shown a minor jump of more than $15 from yesterdays low of $1770. It is hovering near an 8-year high on...

FxWirePro: AUD/JPY trades rangebound, Aussie muted after RBA stays pat

Jul 07, 2020 06:37 am UTC| Technicals

AUD/JPY chart - Trading View AUD/JPY was trading largely rangebound at 74.77 at around 06:25 GMT, outlook remains bullish. The Reserve Bank of Australia (RBA) made no changes to its monetary policy settings once...

FxWirePro: NZD/USD consolidates amid mixed market sentiment, potential 'Double Top' at 0.6580

Jul 07, 2020 06:06 am UTC| Technicals

NZD/USD chart - Trading View NZD/USD pauses bull run at 0.6580 (June 9th high). Potential Double Top dents gains. The pair was trading 0.06% lower on the day at 0.6550 at around 06:00 GMT, slipping lower from monthly...

FxWirePro: AUD/USD erases early gains, Aussie under pressure ahead of RBA Interest Rate Decision

Jul 07, 2020 04:11 am UTC| Technicals

AUD/USD chart - Trading View AUD/USD has slipped lower from 4-week highs as the pair erases early gains. The pair has paused its 6-day winning streak. Aussie remains under pressure ahead of the Reserve Bank of...

FxWirePro: GBP/NZD attracts selling interest, vulnerable to more downside

Jul 06, 2020 18:38 pm UTC| Technicals

GBP/NZD declined on Monday as rising coronavirus infections and lingering risk of a chaotic Brexit weighed on sterling. The pair is heading towards the lower bollinger band, as near term direction of the pair is likely...

1801 1802 1803 1804 1805 1806 1807 1808 1809 1810

Economy

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...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Science

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,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Apple Escalates AI Talent War, Poaches 36 Google Experts for Zurich Initiative

Stepping up its AI game, Apples Zurich lab has successfully attracted 36 experts from Google, marking a significant expansion in its artificial intelligence (AI) operations. Apples Aggressive AI Talent...

Binance's CZ Partners with OpenAI's Altman on AI Investment Venture

Changpeng Zhao, the former CEO of Binance, is engaging in strategic talks with OpenAI CEO Sam Altman to explore potential investments in artificial intelligence. This collaboration comes as Zhao faces significant legal...

Hong Kong's First ETFs Underperform Expectations as Bitcoin Falls Below $62K

In a disappointing debut, Hong Kongs inaugural Bitcoin and Ether ETFs attracted minimal trading volume, contributing to a sharp 2% drop in Bitcoin prices to just under $62,000 and a 2.8% decline in Ether, as investors...

Intel, Naver, and KAIST to Jointly Open an AI R&D in South Korea

Intel Corporation, Naver Corp., and the Korea Advanced Institute of Science and Technology (KAIST) have partnered to open a new artificial intelligence center in South Korea. KAIST said on Tuesday, April 30, that they will...

Tesla Faces Stiff Competition in China’s Self-Driving Race

Teslas ambition to dominate Chinas self-driving market faces significant challenges as local rivals like BYD and Huawei rapidly advance in autonomous technology. During his recent visit to Beijing, Elon Musk discussed...