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

Become a contributor

Bookmark Econotimes

Technicals

Tue, Dec 23, 2025 02:23 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro:Sell DAX30 below 11500

Jan 17, 2017 07:32 am UTC| Technicals

Major Resistance 11700 Major intraday support 11500 (Trend line joining 11412 and 11493). DAX formed temporary top around 11695 on Jan 11th 2017 and showing a minor profit booking from that level. The index is...

FxWirePro: USD/CNY hovers around 6.88 mark, PBOC sets yuan mid-point at 6.8992

Jan 17, 2017 07:04 am UTC| Technicals

USD/CNY is currently trading around 6.8839 marks. It made intraday high at 6.9032 and low at 6.8779 levels. Intraday bias remains bearish for the moment. . A sustained close above 6.8985 marks will test key...

FxWirePro: Gold edges higher towards next stiff resistance, rallies likely to extend but expect little momentum – Leverage returns via one touch

Jan 17, 2017 06:32 am UTC| Technicals

Bulls in Bullion continue to shine after breach above 38.2% fib.ret. Trade one touch calls as both leading and lagging oscillators signal more rallies: The gold price has constantly been dragging the rallies ever since...

Gold trades well above $1200, jump till $1234 likely

Jan 17, 2017 06:12 am UTC| Technicals

Major resistance - $1207 (Jan 12th high). Major support - $1189 (7- day EMA). The yellow metal rose to eight week high as Brexit worries increased the demand for safe haven. Gold breaks the recent high of $1207...

FxWirePro: Indian rupee trades higher against U.S. dollar, short term bias remains bearish

Jan 17, 2017 05:53 am UTC| Technicals

USD/INR is currently trading around 68.10 marks. It made intraday high at 68.16 and low at 68.04 marks. Intraday bias remains bearish till the time pair holds key resistance at 68.26 marks. Key resistances...

FxWirePro: XAG/USD exhibits range bound movement, sustained close above $16.82 requires for the upside rally

Jan 17, 2017 05:19 am UTC| Technicals

XAG/USD is currently trading around $16.85 marks. It made intraday high at $16.86 and low at $16.58 levels. Intraday bias remains neutral for the moment. A daily close above $16.82 will test key resistances...

ASX200 breaks major support at 5718, targets 5610

Jan 17, 2017 03:31 am UTC| Technicals

Major support 5611 (200- 4H EMA). ASX200 has broken major support at 5718 and declined till 5698 at the time of writing. It is currently trading around 5701. The index faces strong support at 200 -4H EMA and any...

5881 5882 5883 5884 5885 5886 5887 5888 5889 5890

Economy

Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week

U.S. stock markets closed higher on Monday, extending recent gains as investors look to finish the year on a strong note despite thinning trading volumes in a holiday-shortened week. The SP 500 rose 0.5% by the closing...

Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs

Global financial markets started a holiday-shortened week on a positive note, with most major stock indexes posting gains as technology stocks rebounded and investor sentiment improved. Wall Street was supported by...

Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten

Platinum prices surged sharply at the start of the week, rallying more than 4.6% on Monday to break above the $2,000 per ounce level for the first time since 2008. The move marks a 17-year high for the precious metal and...

U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise

The U.S. dollar edged lower on Monday after posting modest gains last week, as cautious market sentiment and rising geopolitical tensions weighed on risk appetite. Currency markets remained largely subdued in Asia, showing...

Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks

U.S. coffee drinkers hoping for cheaper coffee after President Donald Trump rolled back key import tariffs are likely to be disappointed. While the tariff reductions removed duties on hundreds of food items, including...

Politics

Trump Administration Recalls Nearly 30 U.S. Ambassadors in Push for “America First” Agenda

The Trump administration has recalled nearly 30 U.S. ambassadors and senior career diplomats from overseas posts, a move officials say aligns embassies more closely with the presidents America First foreign policy, but...

Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector

Mexicos antitrust commission is set to review a proposed tie-up between low-cost airlines Viva Aerobus and Volaris, a move that has drawn positive remarks from President Claudia Sheinbaum and sparked interest across the...

Australia Moves Toward Tougher Gun Laws After Bondi Shooting

Australias most populous state, New South Wales, is set to introduce significantly tougher gun laws alongside new measures targeting terrorism and public protests, following a deadly mass shooting in Sydneys Bondi area....

Trump Announces Ambitious Plan for New U.S. Navy Super Battleships

U.S. President Donald Trump announced on Monday an ambitious proposal for the United States Navy to begin building a new class of advanced battleships, a move that could significantly reshape the future of American naval...

China’s Nuclear Expansion Raises Arms Control Concerns as Pentagon Report Warns of Growing Military Ambitions

China is rapidly expanding and modernizing its nuclear weapons arsenal, with a draft Pentagon report warning that Beijing may have loaded more than 100 intercontinental ballistic missiles (ICBMs) across three newly...

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

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...

Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions

Moore Threads Technology Co Ltd (SS:688795), often described as Chinas potential alternative to NVIDIA Corporation (NASDAQ: NVDA), attracted investor attention after unveiling a new lineup of graphics processing units at...

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...