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

Become a contributor

Bookmark Econotimes

Technicals

Thu, May 09, 2024 12:41 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: Silver jumps above $16.90 mark, upside limited

May 17, 2017 06:37 am UTC| Technicals

XAG/USD is currently trading around $16.85 marks. It made intraday high at $16.91 and low at $16.79 levels. Intraday bias remains neutral till the time pair holds key support at $16.82 mark. A daily close...

FxWirePro: Gold faces resistance around 200- day MA, good to buy on dips

May 17, 2017 06:28 am UTC| Technicals

Gold prices continuing its uptrend for fourth consecutive days on the back of poor economic data. The yellow metal jumps till $1244.79 and it is currently trading around $1243. U.S new home construction has fallen in...

FxWirePro: AUD/USD struggles at 23.6% Fib, bias higher, stay long

May 17, 2017 06:01 am UTC| Technicals

AUD/USD is struggling to extend gains beyond 23.6% Fib retrace of 0.7749 to 0.7328 fall. The pair is holding 5-DMA support at 0.7405, we see weakness only on break below. We have seen a Bullish Bat Pattern...

FxWirePro: USD/INR hovers around 64.00 mark, faces strong support at 63.94

May 17, 2017 05:47 am UTC| Technicals

USD/INR is currently trading around 64.06 marks. It made intraday high at 64.18 and low at 63.95 marks. Intraday bias remains neutral till the time pair holds key support at 63.94 marks. Key resistances are...

FxWirePro: Nikkei trades weak on account of stronger yen, good to sell on rallies

May 17, 2017 05:34 am UTC| Technicals

Nikkei index declined yesterday after jumping till 19962 on account of stronger yen . U.S dollar declined against all major pairs due to weak economic data. U.S housing starts dropped 2.6% to a seasonally adjusted...

FxWirePro: USD/JPY breaks below 100-DMA, good to go short on rallies

May 17, 2017 05:01 am UTC| Technicals

USD/JPY breaks below 100-DMA at 112.87, intraday bias lower. US dollar was broadly sold-off into the US political disarray and increased doubts over Trumps ability to deliver on his campaign promises. Technical...

FxWirePro: Singapore dollar strengthens against U.S. dollar, stay bearish

May 17, 2017 03:55 am UTC| Technicals

USD/SGD is currently trading around 1.3942 marks. It made intraday high at 1.3959 and low at 1.3936 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3988 marks. A daily...

4481 4482 4483 4484 4485 4486 4487 4488 4489 4490

Economy

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

US long-term care costs are sky-high, but Washington state’s new way to help pay for them could be nixed

If you needed long-term care, could you afford it? For many Americans, especially those with a middle-class income and little savings, the answer to that question is absolutely not. Nursing homes charge somewhere...

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...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

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...

US election: why it’s not the protesters’ votes that the Democrats should worry about

As hundreds of New York police officers in riot gear were called in to clear away a student protest at Columbia University on Tuesday night, the university president Nemat Shafik was saying she had no choice but to take...

Trump-proofing Nato: why Europe’s current nuclear deterrents may not be enough to face biggest threats since WWII

Though a second Trump presidency is not a foregone conclusion, Nato members are gearing up to Trump-proof the organisation and reviewing their defence strategies. Natos concerns about Trumps re-election were heightened...

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

Trump Courts Crypto Enthusiasts, Promises Regulatory Freedom

In a marked shift, Donald Trump, the Republican presidential hopeful, has vowed to roll back U.S. regulations on cryptocurrencies, seeking to attract crypto supporters by accepting digital asset donations and criticizing...

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)...

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...

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...

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...