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

Become a contributor

Bookmark Econotimes

Technicals

Sun, May 05, 2024 06:37 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: Buy CHF/JPY on dips

Nov 27, 2018 11:05 am UTC| Technicals

CHFJPY has shown a good recovery of more than 70 pips and hits high of 113.80. The pair has formed almost a triple top (113.85,113.86 and 113.80) and is currently trading around 113.67. The near term resistance is...

FxWirePro: EUR/NZD capped at 5W SMA, momentum studies bearish

Nov 27, 2018 10:01 am UTC| Technicals Research & Analysis

EUR/NZD chart on Trading View used for analysis EUR/NZD edges lower from session highs at 1.6773, trades 0.28% lower on the day at 1.6684 at the time of writing. The pair has likely resumed weakness after brief...

FxWirePro: S&P500 breaks minor resistance at 2680 (10- day MA), jump till 2715 likely

Nov 27, 2018 09:45 am UTC| Technicals

SP500 is trading higher for second consecutive day and jumped more than 50 points from the low of 2626. The index has lost more than 100 points in previous week after hitting high of 2747. It is currently trading around...

FxWirePro: EUR/USD pares its gains on renewed trade tensions between US and China , good to sell on rallies

Nov 27, 2018 09:30 am UTC| Technicals

Major support - 1.1300 Euro has pared some of its gains made yesterday after renewed trade tensions between US and China. US President said in an interview that US is planning to increase tariff from 10% to 25% for...

FxWirePro: GBP/NZD breaks below 1H 200 SMA, good to go short on rallies

Nov 27, 2018 09:26 am UTC| Technicals Research & Analysis

GBP/NZD chart on Trading View used for analysis GBP/NZD has broken support at 1H 200 SMA at 1.8818, bias bearish. The pair is trading 0.65% lower on the day at 1.8788 at the time of writing. Price action...

FxWirePro: Loonie trades higher on broad based US dollar buying and weak oil price, good to buy on dips

Nov 27, 2018 08:34 am UTC| Technicals

USDCAD has recovered sharply more than 80 pips form yesterdays low of 1.31876. The pair was trading slightly lower on Friday after slight better than expected Canadian inflation data. The pair has formed almost minor...

FxWirePro: Silver remains volatile during European hours, faces immediate support at $14.17 mark

Nov 27, 2018 08:07 am UTC| Technicals

XAG/USD is currently trading around $14.21 marks. It made intraday high at $14.26 and low at $14.17 levels. Intraday bias remains slightly bullish till the time pair holds key support at $14.17 mark. A daily...

3091 3092 3093 3094 3095 3096 3097 3098 3099 3100

Economy

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...

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...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

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...

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...

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...

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...

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...

Technology

Altcoin Market Rally Predicted, Analysts Forecast $4 Trillion Market Cap Surge

Analysts are predicting a substantial rally in the altcoin market, with projections indicating a surge that could drive the market cap to an impressive $4 trillion. This optimistic outlook is supported by positive economic...

Shiba Inu's Remarkable 12% Surge Fueled by Record SHIB Burns, Community Momentum

Shiba Inus ascent reaches new heights as the cryptocurrency experiences a remarkable 12% surge, fueled by record-breaking SHIB burns. The surge reflects robust community engagement and underscores the dynamic nature of the...

Vodafone Ventures into Crypto Integration: SIM Cards to Host Blockchain Wallets

Vodafone, the UK-based telecom giant, is pioneering a groundbreaking initiative to fuse blockchain technology with smartphone functionality by integrating cryptocurrency wallets directly into SIM cards. This innovative...

Leak: Huawei's Kirin PC Chip, Qingyun Notebooks to Launch Next Month

Leaked information hinting at the imminent debut of the highly anticipated Kirin PC chip alongside the release of new Qingyun notebooks. The introduction of this computer-dedicated CPU marks a significant milestone for...

Tesla Enhances Model Y Lineup with Longer-Range Variant, Price Adjustment

Tesla has revamped its Model Y offerings, bidding farewell to the standard range rear-wheel-drive (RWD) model while introducing a longer-range variant for an additional $2,000. This strategic maneuver aligns with Teslas...