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

Become a contributor

Bookmark Econotimes

Technicals

Thu, May 09, 2024 04:06 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

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

May 25, 2017 01:13 am UTC| Technicals

EUR/KRW is currently trading around 1,255 mark. Pair made intraday high at 1,256 and low at 1,252 levels. Intraday bias remains bullish till the time pair holds key support at 1,247 mark. A daily close below...

FxWirePro: USD/CAD reverses recent rally, bias back to downside

May 24, 2017 14:27 pm UTC| Technicals

The USD/CAD pair declined in the US session on Wednesday as oil correlated Canadian dollar strengthened across the board after the Bank of Canada held interest rates steady as expected. The bank kept the benchmark...

FxWirePro: EUR/USD neutral in the near-term, scope for downward resumption

May 24, 2017 13:55 pm UTC| Technicals

The EUR /USD pair declined on Wednesday as greenback steadied as investors focus shifted from U.S. politics to monetary policy after comments from a Federal Reserve official rekindled expectations of an interest rate hike...

FxWirePro: GBP/JPY upside capped by 20 day MA, good to sell on rallies

May 24, 2017 12:16 pm UTC| Technicals

GBP/JPY continuing its losing streak for the second consecutive week after making a top around 148.11. It is currently trading around 144.95. The pair formed a bottom around 143.34 on May 18th 2017 and is acting short...

FxWirePro: Loonie Trade idea.

May 24, 2017 11:53 am UTC| Technicals

USD/CAD hits fresh 3rd week low and shown a mild recovery from that level. Short term trend is still weak as long as resistance 1.3595 (89 4H EMA) holds. It is currently trading around 1.35406. WTI Crude oil hits...

FxWirePro: EUR/USD trades lower, market awaits Fed minutes for further direction

May 24, 2017 11:49 am UTC| Technicals

Major support 1.1160 (May 22nd 2017 low). EURO formed top around 1.12678 and started to show a decline after Donald Trumps first budget plan has no surprise. The pair declined sharply till 1.11700 and showing minor...

FxWirePro: USD/JPY capped below 112 handle, trades a narrow range ahead of FOMC meeting minutes

May 24, 2017 10:47 am UTC| Technicals

USD/JPY struggles to break through 112.00 handle, trades a narrow range on the day. The major consolidating Tuesdays recovery as markets await FOMC meeting minutes. Any indication that the Federal Reserve...

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

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...

Crypto Market Selloff: BTC, ETH, SOL, XRP, SHIB Prices Plummet, Crash Fears Grow

The cryptocurrency market shows new symptoms of weakness as bulls and bears battle for supremacy. Investors have recently lost about $150 billion, with the cryptocurrency market valuation falling from $2.42 trillion to...

BYD Shark Debuts in Mexico, Rivals Tesla Cybertruck and Ford F-150 Lightning

This month, the streets of Mexico will showcase the BYD Sharks debut, an advanced hybrid electric pickup set to rival the Tesla Cybertruck and highlight BYDs cutting-edge hybrid technology. BYD Shark: A New Hybrid...