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

Become a contributor

Bookmark Econotimes

Technicals

Thu, Apr 25, 2024 06:53 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: Singapore dollar trades marginally lower in early Asia, short term trend reversal likely

Feb 27, 2018 03:39 am UTC| Technicals

USD/SGD is currently trading around 1.3170 marks. It made intraday high at 1.3173 and low at 1.3145 levels. Intraday bias remains neutral for the moment. A daily close above 1.3160 will test key resistances...

FxWirePro: Singapore dollar trades marginally lower in early Asia, short term trend reversal likely

Feb 27, 2018 03:39 am UTC| Technicals

FxWirePro: USD/THB hovers around key support at 31.28 mark, sustained close below requires for downside rally

Feb 27, 2018 03:19 am UTC| Technicals

USD/THB is currently trading around 31.30 marks. It made intraday high at 31.31 and low at 31.24 marks. Intraday bias remains neutral till the time pair holds key support at 31.28 mark. On the top side, key...

FxWirePro: Kiwi falls against major peers after trade balance data

Feb 27, 2018 02:02 am UTC| Technicals

AUD/NZD is currently trading around 1.0775 marks. Pair made intraday high at 1.0786 and low at 1.0750 marks. Intraday bias remains bullish till the time pair holds key support at 1.0750 mark. A sustained...

FxWirePro: South Korean won remains unchanged after BOK’s rate decision

Feb 27, 2018 01:39 am UTC| Technicals

EUR/KRW is currently trading around 1,317 mark. Pair made intraday high at 1,317 and low at 1,316 levels. Intraday bias remains neutral till the time pair holds key support at 1,316 mark. A sustained close...

FxWirePro: XRP/USD consolidates in narrow range, good to sell on rallies

Feb 26, 2018 13:08 pm UTC| Technicals

Major resistance 1.2280. Ripple shown a minor recovery after hitting low of 0.850 level. The pair has closed well below 100- day MA for five trading session. It is currently trading around 0.9170. The pair is...

FxWirePro: GBP/USD trades above 1.4000 level, good to buy on dips

Feb 26, 2018 12:33 pm UTC| Technicals

Cable trading higher in Asian session and jumped almost 37 pips from low of 1.39640. The pair broken convincingly above 1.4000 level jumped till 1.40389. It is currently trading around 1.40307. UK GDP came slightly...

3771 3772 3773 3774 3775 3776 3777 3778 3779 3780

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...

What if the Reserve Bank itself has been feeding inflation? An economist explains

Heres something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May...

China’s new world order: looking for clues from Xi’s recent meetings with foreign leaders

There is broad consensus that Chinese foreign policy has become more assertive and more centralised in the decade since Xi Jinping has ascended to the top of Chinas leadership. This has also meant that Chinese foreign...

How India’s economy has fared under ten years of Narendra Modi

More than 960 million Indians will head to the polls in the worlds biggest election between April 19 and early June. The ruling Bharatiya Janata Party (BJP), which is led by Prime Minister Narendra Modi, is seeking a third...

EU enlargement: What does the future hold?

To widen or to deepen. This has been one of the longstanding dilemmas throughout European Union (EU) history, and a perennial sticking point in the unending process of European integration. In its time, the UK...

Politics

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...

Georgia is sliding towards autocracy after government moves to force through bill on ‘foreign agents’

Georgias ruling party attempted to pass a controversial bill on foreign agents in March 2023. The law would have required civil society groups and the media to register as being under foreign influence if they receive...

Opening statements are the most important part of a trial – as lawyers in Trump’s hush money case know well

Though Hollywood movies about courtroom dramas often glamorize the closing arguments given by lawyers, in reality the opening statement is likely the most important single event of a trial. Such was the case in the hush...

South Korean President Yoon faces foreign policy challenges after the National Assembly election

South Koreas parliamentary election of April 10, 2024, was widely seen as a referendum on President Yoon Suk Yeols first two years in office. That being the case, the nation collectively expressed its strong...

How will US foreign policy affect Joe Biden’s chances of re-election in November?

When big questions about American foreign policy collide with an election, its rarely good news for a sitting president. Like many leaders before him, US President Joe Biden has had some of these questions thrust on...

Science

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...

If life exists on Jupiter’s moon Europa, scientists might soon be able to detect it

Europa is one of the largest of more than 90 moons in orbit around the planet Jupiter. It is also one of the best places to look for alien life. Often termed an ocean world by scientists, observations to date strongly...

Exploding stars are rare but emit torrents of radiation − if one happened close enough to Earth, it could threaten life on the planet

Stars like the Sun are remarkably constant. They vary in brightness by only 0.1% over years and decades, thanks to the fusion of hydrogen into helium that powers them. This process will keep the Sun shining steadily for...

Technology

Elon Musk vs Australia: global content take-down orders can harm the internet if adopted widely

Do Australian courts have the right to decide what foreign citizens, located overseas, view online on a foreign-owned platform? Anyone inclined to answer yes to this question should perhaps also ask themselves whether...

BlackRock Bitcoin ETF Sees Zero Inflows; SEC Delays Ether ETF Decision

BlackRocks Bitcoin ETF registered zero daily inflows for the first time since its inception. At the same time, the SEC delayed its decision on a major Ether ETF, highlighting uncertainty in the cryptocurrency...

Samourai Wallet Founders Arrested, Crypto Markets Tumble Amid Regulatory Heat

The cryptocurrency market dipped significantly after the U.S. Department of Justice arrested Samourai Wallets CEO and CTO, exacerbating volatility amid geopolitical tensions and the recent Bitcoin halving. Bitcoin and...

Post-Halving Surge: Standard Chartered Predicts Bitcoin to Hit $150K on Reduced Market Leverage

Geoff Kendrick, Standard Chartered Banks analyst and head of digital assets research, believes bitcoin (BTC) would likely trend upward following the halving due to lower leveraged market positions. In an interview with...

Tesla Cybertruck Hits 1,000-Unit Weekly Production Amid Q1 Financial Shortfalls

Tesla announced a milestone in Cybertruck production, achieving 1,000 units per week concurrently with reporting lower-than-expected financial results for Q1 2024. Despite missing revenue and earnings estimates, Teslas...