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

Become a contributor

Bookmark Econotimes

Technicals

Sun, May 19, 2024 03:30 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: USDJPY trades above 55-day EMA, jump till 108.25 likely

Sep 10, 2019 09:10 am UTC| Technicals

USDJPY is holding well above 107 levels after a long consolidation. The jump was mainly due to slight easing in US-China trade tension which has increased the demand for riskier assets such as stocks. US 10- year yield has...

FxWirePro: USD/TWD hits fresh 4-week low at 31.10 mark, good to sell on rallies

Sep 10, 2019 08:45 am UTC| Technicals

USD/TWD is currently trading around 31.19 marks. It made intraday high at 31.25 and low at 31.10 marks. Intraday bias remains bullish till the time pair holds key support at 31.10 mark. A daily close above...

FxWirePro: USD/SEK near 1-week peak on Sweden's downbeat inflation data

Sep 10, 2019 08:42 am UTC| Technicals

The Swedish Krona fell to a near 1-week low following the release of Swedens downbeat inflation figures. Swedens consumer price index decreased 0.4 percent in August after posting a rise of 0.4 percent in July and...

FxWirePro: South African rand trades marginally higher against U.S. dollar, South Africa’s manufacturing production data in focus

Sep 10, 2019 08:26 am UTC| Technicals

USD/ZAR is currently trading around 14.73 levels. It made intraday high at 14.78 and low at 14.68 levels. Intraday bias remains bearish till the time pair holds key resistance at 14.90 mark. A daily close...

FxWirePro: USD/TRY at 1-week peak, a jump till 5.7895 likely

Sep 10, 2019 08:18 am UTC| Technicals

The Turkish Lira fell to a 1-week low ahead of the Central Bank of the Republic of Turkey (CBRT) interest rate decision on Thursday. The Central Bank of Turkey cut its one-week repo auction rate by 425bps to 19.75...

FxWirePro: Indian rupee erases previous gain against U.S. dollar, bias turns bullish again

Sep 10, 2019 06:30 am UTC| Technicals

USD/INR is currently trading around 71.94 marks. It made intraday high at 71.95 and low at 71.73 marks. Intraday bias remains bullish till the time pair holds key support at 71.47 mark. Key resistances are...

FxWirePro: EUR/JPY minor trend honours hammer pattern, major downtrend shrugs-off – Trade one-touch call but uphold short hedge

Sep 10, 2019 06:16 am UTC| Technicals

Technical chart and candlestick patterns formedEURJPYhas seen mild interim price rallies that are intensified from the last couple of days on hammer formation at 116.235 level as the minor trend spikes above...

2481 2482 2483 2484 2485 2486 2487 2488 2489 2490

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

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....

Tesla Cybertruck Powers Houston Gas Station, Elon Musk Reacts to Saudi Prince’s Photo

A TikTok video showed a Tesla Cybertruck powering a Houston gas station after a tornado, while Elon Musk responded to a photo of a Saudi prince with a Cybertruck. Cybertrucks Real-World Test Connecting to a Tesla...

Shanghai's Data Policy Shift Could Propel Tesla's Local Data Center Efforts

Shanghais new data-export policy could accelerate Teslas plans to build a local data center, enhancing its artificial intelligence (AI) development for autonomous driving. Chinas Regulatory Update As China attempts...

CPI Report Spurs Optimism, BlackRock CIO Forecasts Fixed Income Growth

The release of the U.S. The Consumer Price Index (CPI) report provided a wave of relief to the financial markets. This signaled a possible reduction in inflationary pressures. Rick Rieder, Chief Investment Officer of...

Over 50 Million USDT Blacklisted by Tether Amid Regulatory Scrutiny, Details Inside

Tether has blacklisted five wallets holding 54.1 million USDT, amidst increasing regulatory scrutiny and past enforcement actions. Tether Blacklists Five Wallets Holding 54.1 Million USDT Amid Ongoing Regulatory...