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

Become a contributor

Bookmark Econotimes

Technicals

Fri, May 17, 2024 06:33 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: AUD/JPY holds 50-DMA support, yen dented on reports of JGBs buying by BOJ

Feb 27, 2017 06:11 am UTC| Technicals

AUD/JPY bounces off 50-DMA support at 85.81, spinning top formation seen at lows. JPY bulls seem to have lost control following reports of BOJ buying JGBs today. The 5-year JGB yields dropped sharply and hit...

FxWirePro: EUR/JPY shooting stars evidences 3-month lows, bears in major trend on track to form handle pattern adjoining to inverse saucer

Feb 27, 2017 05:51 am UTC| Technicals

Shooting stars are occurred at 120.4160, 120.5150 and 121.0110 levels. The previous upswings are absolutely exhausted after whipsaws from 8-weeks, for now, shooting stars are now dragging price declines to 3-months lows...

FxWirePro: South African rand erases previous gain against U.S. dollar, short term trend reversal likely

Feb 27, 2017 05:29 am UTC| Technicals

USD/ZAR is currently trading around 12.95 levels. It made intraday high at 12.95 and low at 12.86 levels. Intraday bias remains slightly bullish till the time pair holds key support at 12.85 marks. A...

FxWirePro: AUD/USD holds 20-DMA support at 0.7661, good to go short on break below

Feb 27, 2017 05:28 am UTC| Technicals

AUD/USD edges lower from major trendline resistance at 0.7745. The pair has broken below 5-DMA support at 0.7689 and is currently trading at 0.7691. Bearish RSI divergence raises scope for downside in the...

FxWirePro: Indian rupee marginally higher against U.S. dollar in early hours of Asia, faces strong support at 66.52

Feb 27, 2017 04:35 am UTC| Technicals

USD/INR is currently trading around 66.70 marks. It made intraday high at 66.77 and low at 66.64 marks. Intraday bias remains neutral till the time pair holds key support at 66.52 marks. Key resistances are...

Gold :200 -day MA and Bearish Divergence

Feb 27, 2017 03:49 am UTC| Technicals

Major resistance- $1262 (200- day MA and 161.8% retracement) Pattern formed - Bearish Divergence (RSI and MACD) Gold hits fresh three months high till $1260.15 on Friday on account of weak dollar . It is...

FxWirePro:Nikkei225 takes support trendline, good to buy on dips

Feb 27, 2017 03:14 am UTC| Technicals

Major resistance - 19500 ( trend line joining 19698 and 19535) Pattern formed - Symmetrical Triangle pattern Nikkei has shown a mild decline below 19000 and recovered mildly from that level.It is currently...

4681 4682 4683 4684 4685 4686 4687 4688 4689 4690

Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

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...

Technology

Altcoins a ‘Relatively Huge’ Risk as Big Returns Fade, Analysts Warn Investors

Analysts caution that altcoins now represent a relatively huge risk, with the days of massive returns fading. Markus Thielen of 10xResearch suggests the high-reward era is over as crypto market narratives...

Bitcoin Has Best Day in 2 Months as SHIB to Get More Scarce with Shibarium

Bitcoin experienced its largest single-day rise in nearly two months, while ShibaSwaps expansion to Shibarium is set to increase SHIBs scarcity by boosting its burn rate. ShibaSwap Launches on Shibarium, Increasing SHIB...

Kia's Electric Pickup Spotted in US Testing, Targets Tesla Cybertruck, Ford F-150 Lightning

Kias upcoming electric pickup, designed to rival the Tesla Cybertruck, Rivian R1T, and Ford F-150 Lightning, has been spotted testing in the U.S., marking a significant step in its development. Kias Strategic Move into...

OpenAI Strikes Deal with Reddit to Bring Content to ChatGPT, Boosting Stocks

OpenAI and Reddit announced a partnership on May 16 to integrate Reddit content into ChatGPT, enhancing the chatbots capabilities and driving Reddits stock up 12% in extended trading. Reddit Diversifies Beyond...

Giga Shiba Inu Whales Shift 3.5 Trillion SHIB, Boosting Market Activity

Shiba Inu whales are gradually waking up as the asset has emerged from anemia and has shown some positive price performance in recent days. Fortunately, those big transactions are not related to any sales activity and are...