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

Become a contributor

Bookmark Econotimes

Technicals

Sat, Apr 27, 2024 11:07 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: EUR/USD remains bullish as rally continues

May 16, 2017 14:09 pm UTC| Technicals

The EUR /USD pair rose on Tuesday as euros rally was reinforced by dollar losses prompted by allegations that U.S. President Donald Trump disclosed highly classified information to Russias foreign minister about a planned...

FxWirePro: USD/CAD outlook weaker on renewed downside pressure

May 16, 2017 13:46 pm UTC| Technicals

The USD/CAD pair continued its decline on Tuesday as the Canadian dollar gained strength as oil extended further gains and the greenback lost further ground on signs of slower economic activity in the United...

FxWirePro: US Dollar Index breaks major support at 98.50, good to sell on rallies

May 16, 2017 13:21 pm UTC| Technicals

The index formed a minor top around 99.89 and declining from its high. DXY has broken major support at 98.50 and this confirms minor trend reversal, a decline till 98/97.25. It has declined till 98.25 and is currently...

FxWirePro: CHFJPY Trade idea

May 16, 2017 12:43 pm UTC| Technicals

CHF/JPY broken the previous high of 114.31 made on May 8th 2017 and jumped till 114.67 at the time of writing. It is currently trading around 114.72. The pair short term trend is bullish and is expected to reach...

FxWirePro: CHFJPY Trade idea

May 16, 2017 12:43 pm UTC| Technicals

FxWirePro: USD/JPY interim rallies stuck in range, momentum oscillators signal overbought pressures, major non-directional trend to puzzle

May 16, 2017 10:58 am UTC| Technicals

The bears resume on failure swings at stiff resistances of 114.339 levels, more slumps likely as momentum turned into bearish. Failure swings at stiff resistance at 118.796 but current prices attempting to bounce back...

FxWirePro: CHFJPY breaks major resistance 114.30, jump till 115.50 likely

May 16, 2017 10:57 am UTC| Technicals

CHF/JPY broken the previous high of 114.31 made on May 8th 2017 and jumped till 114.67 at the time of writing. It is currently trading around 114.67. The pair short term trend is bullish and is expected to reach...

4481 4482 4483 4484 4485 4486 4487 4488 4489 4490

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...

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...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

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...

Politics

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...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

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...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

Science

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...

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...

Technology

SHIB Price Climbs as Shibarium Upgrade Sparks Optimism Among Investors

The Shiba Inu cryptocurrency surged over 4% on April 26, buoyed by executive enthusiasm for the forthcoming Shibarium upgrade to enhance the platforms functionality and security. Shibarium Upgrade Fuels Market Optimism,...

China Investigates Digital Yuan Architect Yao Qian Amid CBDC Concerns

Yao Qian, a pivotal figure behind Chinas digital yuan, is under investigation for alleged misconduct, casting uncertainty on the future of Chinas CBDC initiatives. Probe into Yao Qian Shakes Foundations of Chinas...

Shein Joins Facebook, Amazon in EU Digital Regulations Compliance

Under the EU Digital Regulations, Shein has joined tech giants like Facebook, Amazon, and Google in meeting the strict compliance standards set by the EUs Digital Services Act due to its user base surpassing 45 million in...

Metaplanet Inc. Buys $6.25M in Bitcoin, Pivots to Digital Assets

In a strategic financial maneuver, Metaplanet Inc., a prominent Japanese public company, has invested $6.25 million in Bitcoin, marking its entry into the burgeoning cryptocurrency market. Metaplanet Dives into Crypto,...

Samsung Galaxy S24 FE Details Leak: Model Numbers, Name Uncovered

New leaks disclosing the Galaxy S24 FEs model numbers and official name have contributed to the series anticipation as Samsung advances the devices production. Leak Unveils Samsung Galaxy S24 FE Details Samsungs...