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

Become a contributor

Bookmark Econotimes

Technicals

Sun, May 05, 2024 11:34 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: US oil breaks trend line resistance, jump till $60.50 till possible

Sep 10, 2019 12:54 pm UTC| Technicals

Major resistance - $58.86 US oil is trading higher for 5th consecutive days on hopes of trade deal optimism and expectations of extended output cuts by OPEC. The prices have soared more than 10% in the past one...

FxWirePro: EURUSD trades in a narrow range, markets eye ECB policy

Sep 10, 2019 11:33 am UTC| Technicals

Major resistance 1.1080-830 EURUSD is consolidating in a narrow range between 1.10846 and 1.10150 ahead of the ECB meeting. for the past two trading sessions. The Central bank is expected to cut the deposit rate by...

Crypto Technicals: NEO/USD Near-Term Outlook

Sep 10, 2019 11:17 am UTC| Digital Currency Technicals

NEO/USD chart - Trading View Exchange - Bitfinex Major Support Levels S1: 8.51 (Aug 29 low) S2: 8.15 (Trendline support) S3: 7.08 (Jan 13 low) Major Resistance Levels R1: 9.36 (21-EMA) R2: 10.27...

FxWirePro: FTSE100 trades lower on strong Pound Sterling, good to sell on rallies

Sep 10, 2019 11:17 am UTC| Technicals

FTSE100 continues to trade lower for 5th consecutive days and lost more than 140 points on account of the strong Pound sterling. GBP hits a 6-week top against USD on better than expected UK data and slight optimism in the...

FxWirePro: USD/DKK consolidates on Denmark's mixed inflation data, major support at 21-EMA

Sep 10, 2019 09:48 am UTC| Technicals

The Danish Krone edged lower, reversing some of its previous session gains following the release of Denmarks inflation report. Denmarks annual inflation rate came in at 0.4 percent in August, the same pace as in the...

Crypto Technicals: TRON (TRX) set to extend recovery from 9-month lows

Sep 10, 2019 09:47 am UTC| Digital Currency Technicals

TRX/USD chart - Trading View Exchange - Bitfinex Support: 0.0154 (5-DMA); Resistance: 0.0164 (21-EMA) Technical Analysis: Bias turning slightly bullish TRON (TRX) is extending recovery from 9-month lows at...

FxWirePro: Norwegian Krone retreats from near 4-week peak on weaker-than-expected CPI

Sep 10, 2019 09:17 am UTC| Technicals

The Norwegian Krone eased, halting a 4-day rally as Norways inflation data came in weaker-than-expected. Norways annual inflation rate declined to 1.6 percent in August from 1.8 percent in the previous month and...

2471 2472 2473 2474 2475 2476 2477 2478 2479 2480

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,...