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

Become a contributor

Bookmark Econotimes

Technicals

Thu, May 09, 2024 05:36 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: Swedish krona rises gradually against euro, stay bearish only below 9.7146

May 25, 2017 08:09 am UTC| Technicals

EUR/SEK is currently trading around 9.7250 levels. It made intraday high at 9.7354 and low at 9.7216 levels. Intraday bias remains bullish till the time pair holds key support at 9.7146 mark. A sustained...

FxWirePro: EUR/CAD holds 20-DMA support, good to go short on break below

May 25, 2017 07:21 am UTC| Technicals

The Canadian dollar supported by BoC positive statements post meeting where it held rates unchanged overnight. Brent oil regained bid tone in Asia to trade above the $54.00 mark on speculation the OPEC is set to...

FxWirePro: USD/ZAR remains well supported below 13.00 mark, good to sell on rallies

May 25, 2017 07:16 am UTC| Technicals

USD/ZAR is currently trading around 12.89 levels. It made intraday high at 12.91 and low at 12.86 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.16 marks. A daily...

FxWirePro: AUD/USD holds break above major trendline resistance at 0.7470, eyes 200-DMA at 0.7538

May 25, 2017 06:45 am UTC| Technicals

AUD/USD edged off lows near 0.7442 and extended rally post the FOMC minutes overnight. The US yields and greenback were hit broadly by a dovish and cautious tone reflected by the FOMC in its minutes released...

FxWirePro: Loonie breaks major support at 1.3410 on optimistic BOC statement, targets 1.3220

May 25, 2017 06:37 am UTC| Technicals

USD/CAD hits fresh 1- month low on account of optimistic Bank of Canada statement and rising oil prices. Short term trend is still weak as long as resistance 1.3548 (200 4H EMA) holds. It is currently trading around...

FxWirePro: XAG/USD rejects key support at $16.88 mark, stay bullish

May 25, 2017 06:23 am UTC| Technicals

XAG/USD is currently trading around $17.21 marks. It made intraday high at $17.24 and low at $17.14 levels. Intraday bias remains bullish till the time pair holds key support at $16.88 mark. A daily close...

FxWirePro: Gold downside capped by 200 –day MA, good to buy on dips

May 25, 2017 06:14 am UTC| Technicals

Gold prices has recovered almost $10 from the low of $1248 made yesterday after Fed minutes meeting and is currently trading around $1259. US Dollar index declined sharply after Fed minutes meeting. The minutes from...

4461 4462 4463 4464 4465 4466 4467 4468 4469 4470

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

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

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...

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

K9 Finance Joins Shibarium Puppynet, Unveils Major Bone Crusher Update

K9 Finance has unveiled significant upgrades to its Bone Crusher product and secured a spot on the Shiba Inus Shibarium Puppynet allowlist. This milestone marks a pivotal advancement in their decentralized finance (DeFi)...

House Overturns SEC Crypto Ban, Biden Threatens Veto Amid Regulatory Clash

In a significant bipartisan move, the U.S. House of Representatives voted to overturn the SECs Special Accounting Bulletin (SAB 121), which had barred banks from holding cryptocurrency assets. The resolution, facing a...

EU Seizes Two Tesla Cybertrucks at Belarus Border Amid Russia Smuggle Attempt

In striking enforcement of EU sanctions, Lithuanian authorities at the Salčininku border crossing with Belarus confiscated two Tesla Cybertrucks. These vehicles, not yet released in Europe, were suspected of being smuggled...

Sam Altman Warns: AI's Economic Impact Greater Than Anticipated

During a recent panel at the Brookings Institute, Sam Altman, CEO of OpenAI, expressed deep concerns about the rapid socioeconomic changes driven by AI technologies. Altman highlighted the potential for significant job...

Shiba Inu Insider Drops Major Shiba Eternity Update; Community Anticipates Enhancements

Shiba Eternity: Lucies Tease Unveils Play-to-Earn Features and Breeding Mechanics The Shiba Inu community is buzzing with excitement following a recent announcement from a critical team member about Shiba Eternity, as...