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

Become a contributor

Bookmark Econotimes

Technicals

Sat, May 18, 2024 10:46 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

EUR/CHF overbought dailies ease

Feb 23, 2015 09:11 am UTC| Technicals

The 61.8% of Jan 15 wide at 1.0669 more or less supported the pullback 1.0665 was the low Friday Pair returns to mid-upper 1.0700s Remains safely below last weeks 1.0811 highs Daily charts peaked in ...

USD/JPY sees large amount of supply around 119.30

Feb 23, 2015 08:44 am UTC| Technicals

Pairs entire trading since Asia contained by 118.84-119.37 pivots Mondays range has been 118.88-119.29 Solid resistance ahead of 119.30 today Hourly highs have been set at 119.27 119.29 so...

EUR/GBP comes back south after fleeting euro-phoria

Feb 23, 2015 08:42 am UTC| Technicals

EUR pressured since Europe open, crossfalls to 0.7368 Pre-weekend high was 0.74295on Greek/euro zone deal Asia range was 0.73895-0.74045 EUR/GBP bids likely around 0.7340 (Fridays 7year low, before...

GBP/USD looks at 1.54 resistance

Feb 23, 2015 08:40 am UTC| Technicals

Cable meets headwind pre-1.54 after strengthening from 1.5375 (early Europe low) Stops below 1.54 were tripped on Friday, on the way to 1.5343 1.5430 = pre-weekend rally high from 1.5343. Asia range:...

USD/SGD moves higher

Feb 23, 2015 08:38 am UTC| Technicals

USD/SGD seen moving higher into European dealings Lower EUR, Finmin comments lifted pair above 1.3610 Finmin sees inflation close to 0% in 2015 USD/SGD last 1.3614-19, traded 1.3615 high last Break...

EUR/JPY remain short despite challenges

Feb 23, 2015 08:37 am UTC| Technicals

Long tail on Fris candlestick line an obstacle for bears Failure to perform a daily close sub 134.20 - 38.2% 130.16-136.70 weighs 133.43 - 50% 130.16-136.70 Market needs daily close 134.20 to fade the...

EUR/GBP shorts target long-term fibo at 0.7256

Feb 23, 2015 06:53 am UTC| Technicals

Crosss bounce was short lived on Friday Prices have eased back below 0.7400 7 year lows at 0.7340 from Friday ready to return under pressure Continue to target the long-term 61.8% fibo by 0.7256 (of...

6481 6482 6483 6484 6485 6486 6487 6488 6489 6490

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

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

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...

Technology

Shiba Inu: Top Analyst Identifies Coin as 'Potential Gold Mine'; Price Analysis Suggests 35% Upside

Top analyst Davie Satoshi sees Shiba Inu (SHIB) as a potential gold mine; price analysis predicts a 35% upside. Key Pattern in SHIBs Price Chart The Shiba Inu (SHIB) memecoin has caught the eye of many analysts....

Tesla Cybertruck Powers Houston Gas Station, Elon Musk Reacts to Saudi Prince’s Photo

A TikTok video showed a Tesla Cybertruck powering a Houston gas station after a tornado, while Elon Musk responded to a photo of a Saudi prince with a Cybertruck. Cybertrucks Real-World Test Connecting to a Tesla...

Shanghai's Data Policy Shift Could Propel Tesla's Local Data Center Efforts

Shanghais new data-export policy could accelerate Teslas plans to build a local data center, enhancing its artificial intelligence (AI) development for autonomous driving. Chinas Regulatory Update As China attempts...

CPI Report Spurs Optimism, BlackRock CIO Forecasts Fixed Income Growth

The release of the U.S. The Consumer Price Index (CPI) report provided a wave of relief to the financial markets. This signaled a possible reduction in inflationary pressures. Rick Rieder, Chief Investment Officer of...

Over 50 Million USDT Blacklisted by Tether Amid Regulatory Scrutiny, Details Inside

Tether has blacklisted five wallets holding 54.1 million USDT, amidst increasing regulatory scrutiny and past enforcement actions. Tether Blacklists Five Wallets Holding 54.1 Million USDT Amid Ongoing Regulatory...