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

Become a contributor

Bookmark Econotimes

Technicals

Fri, Dec 26, 2025 09:00 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: USD/CNY rejects key support at 6.7150 mark, PBOC sets yuan mid-point at 6.7205

Aug 02, 2017 07:36 am UTC| Technicals

USD/CNY is currently trading around 6.7242 marks. It made intraday high at 6.7277 and low at 6.7169 levels. Intraday bias remains bullish till the time pair holds key support at 6.7150 mark. A sustained...

fxWirePro: USD/CAD breaks major resistance 1.2576, jump till 1.2750 likely

Aug 02, 2017 07:14 am UTC| Technicals

USDCAD has formed a bottom around 1.24132 on Jul 26th 2017 and slight recovering from that level. The pair broken minor trend line resistance at 1.2525 and jumped till 1.25859. It is currently trading around...

FxWirePro: Kiwi dented after big miss in NZ employment change, short NZD/USD rallies

Aug 02, 2017 06:54 am UTC| Technicals

Kiwi slumps across the board in the Asian session today after worse-than expected NZ jobs data. New Zealands Unemployment has dropped to the lowest level in more than eight years, falling to 4.8 percent in the middle...

FxWirePro: NZD/USD tumbles after breaching double top neckline, more slumps on cards as leading oscillators in sync with bearish SMA crossover, major trend still robust

Aug 02, 2017 06:39 am UTC| Technicals

NZDUSD forms bearish engulfing with bearish SMA crossover, the major trend remains intact as bulls are still on 10-months highs. The pair also forms double top formation with top 1 and top 2 exactly at 0.7525 levels,...

FxWirePro: XAU/USD Daily Outlook

Aug 02, 2017 06:18 am UTC| Technicals

Gold hits one and half month high at $1273 and shown a minor profit booking from that level. The yellow metal downside is limited on account dollar weakness. US Dollar index fell recovered slightly after hitting 16...

FxWirePro: EUR/AUD breaks 50-DMA at 1.4842, bias higher, stay long

Aug 02, 2017 06:10 am UTC| Technicals

EUR/AUD has broken above 50-DMA resistance at 1.4842, bias higher. Technical indicators support upside in the pair. MACD is now showing a bullish crossover on signal line. Stochs and RSI are biased higher. Price...

FxWirePro: Indian rupee trades marginally lower ahead of RBI’s rate decision

Aug 02, 2017 05:35 am UTC| Technicals

USD/INR is currently trading around 64.09 marks. It made intraday high at 64.12 and low at 64.01 marks. Intraday bias remains neutral till the time pair holds key support at 64.01 marks. Key resistances are...

5411 5412 5413 5414 5415 5416 5417 5418 5419 5420

Economy

China to Tighten Crude Steel Output Controls and Export Regulation Through 2030

China has announced it will continue strict regulation of crude steel output and prohibit the addition of illegal new capacity from 2026 to 2030, reinforcing its long-term strategy to curb overcapacity and reduce carbon...

Asian Stocks and Gold Rally as Investors Chase Year-End Gains Amid Dollar Weakness

Asian stock markets climbed to their highest levels in six weeks on Friday, extending a strong year-end rally as investors looked to finish the year on a positive note. Despite thin trading volumes due to market holidays...

Gold and Silver Hit Record Highs as Safe-Haven Demand Surges Amid Global Uncertainty

Gold and silver prices surged to fresh record highs on Friday, extending a strong year-end rally as investors rushed into safe-haven assets amid escalating geopolitical tensions and a weakening U.S. dollar. Precious metals...

Platinum Surges to Record High as Supply Crunch and Policy Shift Drive Historic Rally

Platinum prices soared to a record high on Friday, marking one of the strongest rallies in the metals history as a combination of supply constraints, shifting investor sentiment, and an unexpected European Union policy...

China Revises 2024 GDP Lower After Final Review, Eyes Growth in 2025

Chinas economy in 2024 was officially revised downward following a final verification by the countrys statistics bureau, highlighting ongoing adjustments in the worlds second-largest economy. According to the latest...

Politics

Japan Approves Record ¥122.3 Trillion Budget as Takaichi Seeks Fiscal Balance

Japans government, led by Prime Minister Sanae Takaichi, has approved a record-breaking budget worth 122.3 trillion yen ($785 billion) for the next fiscal year starting in April, underscoring its attempt to balance...

White House East Wing Ballroom Plans Face Scrutiny Ahead of January Hearing

The White House is set to reveal new details about President Donald Trumps proposed East Wing ballroom during a federal commission hearing scheduled for early next month, according to official notices. The project, which...

Zelenskiy Discusses Ukraine Peace Efforts With Trump Envoys

Ukrainian President Volodymyr Zelenskiy said on Thursday that he held an extensive discussion with U.S. President Donald Trumps special envoy Steve Witkoff and Trumps son-in-law Jared Kushner, focusing on possible ways to...

Kim Jong Un Signals Continued Missile Development as North Korea Plans Five-Year Military Modernization

North Korean leader Kim Jong Un has signaled that the country will continue to advance its missile capabilities over the next five years, underscoring Pyongyangs ongoing focus on strengthening its military deterrence....

US Airstrikes Target Islamic State Militants in Northwest Nigeria Amid Rising Security Concerns

The United States has carried out airstrikes against Islamic State militants operating in northwest Nigeria, according to a statement made by U.S. President Donald Trump on Thursday. The strikes were described as a direct...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...