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

Become a contributor

Bookmark Econotimes

Technicals

Wed, May 01, 2024 11:24 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: CAD/JPY bounces from support at 84.578 but major bear trend likely to prolong – One touch binary calls to speculate

May 30, 2016 05:25 am UTC| Technicals

Although prices are showing little strength from last couple of days major downtrend seems intact. Current price bounce has taken support at 84.578 levels, intraday bulls seem continue to extend their rallies. RSI...

FxWirePro: AUD/JPY struggles at 21-DMA 79.59, buy breakout above

May 30, 2016 05:22 am UTC| Technicals

AUD/JPY has broken major trendline resistance at 79.25, and edged higher to test session highs at 79.60. Pair struggling to extend gains further, 21-DMA at 79.59 is capping upside. Break above needed for further...

FxWirePro:Gold faces strong support at $1190, good to buy at dips

May 30, 2016 05:13 am UTC| Technicals

Major support- $1190 (55 W EMA) The yellow metal has broken major support at $1205 and declined till $1199 at the time of writing. Golds major resistance around $1218 (100 day EMA) and any slight bullishness only...

FxWirePro: Indian rupee trades lower against US dollar, good to buy on dips

May 30, 2016 05:07 am UTC| Technicals

USD/INR is currently trading around 67.32. It made intraday high at 67.37 and low at 67.01 marks. Intraday bias remains bullish for the moment. Current upward movement from 66.90 will take the parity higher...

FxWirePro: AUD/USD capped below 5-DMA at 0.7190, good to sell rallies

May 30, 2016 04:35 am UTC| Technicals

Data released earlier today showed Aussie home sales dropped to from 8.9% to -4.7% in April. AUD/USD hit lows of 0.7148. US Dollar strength seen across the board after Yellen in her speech on Friday last week said...

FxWirePro: USD/SGD back above 1.38, faces strong resistance at 1.3823

May 30, 2016 04:10 am UTC| Technicals

USD/SGD is currently trading around 1.3816 marks. It made intraday high at 1.3829 and low at 1.3791 levels. Intraday bias remains neutral till the time pair holds key resistance at 1.3823 levels. A sustained...

FxWirePro: USD/JPY spikes above the 111 handle as Yen slumps on talks of possible delay in sales tax hike

May 30, 2016 03:54 am UTC| Technicals

USD/JPY saw a robust recovery in early Asia as ongoing chatter that Japanese PM Abe is likely to delay sales tax hike plan by 2.5 years weighed heavily on the Yen. Yellens hawkish comments delivered last Friday...

5351 5352 5353 5354 5355 5356 5357 5358 5359 5360

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...

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...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

The Mattei Plan: why Giorgia Meloni is looking to Africa

Since coming to power, Giorgia Melonis government has been remarkably orthodox in its foreign policy. Unwavering support for Ukraine, loyalty to the Atlantic Alliance and full participation in the European Union - these...

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,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

The 50th anniversary of Portugal’s Carnation Revolution

Across Portugal, a number of photography exhibitions are currently on display that commemorate the ousting of the Estado Novo, the dictatorial, authoritarian and corporatist political regime that had ruled the country...

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

Analyst Sees Shiba Inu Hitting $0.00007 Despite Major Token Dump

A Shiba Inu whale recently dumped massive SHIB tokens on Coinbase, one of the worlds top cryptocurrency exchanges. The enormous volume of SHIB offloaded quickly sparked a gloomy feeling among crypto market aficionados...

Casio Joins NFT Trend with Astar zkEVM, Unveils Anniversary Collection

Casio, one of the worlds leading watch companies, has joined the battle for non-fungible tokens (NFTs) in partnership with Astars zero-knowledge Ethereum Virtual Machine. The Casio watch NFTs will go online on May...

Tron's Justin Sun Boosts Dogecoin, Shiba Inu at Token 2049 Conference

At the Token 2049 conference, Tron founder Justin Sun endorsed popular meme coins like Dogecoin and Shiba Inu, emphasizing their pivotal distinction from traditional finance and celebrating their community-driven...

Bitcoin Dips 11% Post-Halving: Unexpected Decline Shocks Investors

Bitcoins price has unexpectedly fallen by 11% since the halving on April 20, stirring concerns among investors hoping for a post-halving surge. According to CoinGecko, Bitcoin dropped below $57,000 on May...

South Korea Pledges 5-Year Boost in Console Gaming Market Share

With an eye toward reducing dependence on mobile platforms, South Koreas government laid out a five-year plan Wednesday to bolster its console gaming sector, which currently represents a mere 1.5% of the global...