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

Become a contributor

Bookmark Econotimes

Technicals

Fri, Jul 10, 2020 10:20 AM All times are UTC Edition :

Follow Series

©Elmin Media . All Rights Reserved.

FxWirePro: Sell GBPJPY on rallies

Jul 10, 2020 09:31 am UTC| Technicals

Ichimoku Analysis (1-hour chart) Tenken-Sen- 134.74 Kijun-Sen- 134.10 GBPJPY has halted its 1- week of bullishness and lost more than 150 pips on strong yen. The number of new cases surged past 60000...

FxWirePro: EUR/CHF breaks below daily cloud, further weakness on charts

Jul 10, 2020 06:03 am UTC| Technicals

EUR/CHF chart - Trading View EUR/CHF was trading marginally higher at 1.0616 at around 06:00 GMT. The pair has broken below daily cloud and other technical indicators support further weakness. Major trend in the...

FxWirePro: AUD/NZD breaks 110-EMA support, outlook bearish

Jul 10, 2020 05:53 am UTC| Technicals

AUD/NZD chart - Trading View AUD/NZD was trading 0.17% lower on the day at 1.0579 at around 05:45 GMT, extending previous sessions losses. The pair has broken strong support at 110-EMA raising scope for further...

FxWirePro: Gold Daily Outlook

Jul 10, 2020 05:35 am UTC| Technicals

FxWirePro: Gold Daily Outlook Ichimoku Analysis (Daily Chart) Tenken-Sen- $1772 Kijun-Sen- $1733 Gold has soared sharply and hits multi-year high amid a slumping dollar. US dollar gained slightly after slightly...

FxWirePro: USD/JPY slips below 107 handle, risk-off drags the pair lower

Jul 10, 2020 05:09 am UTC| Technicals

USD/JPY chart - Trading View USD/JPY was trading 0.23% lower on the day at 106.94 at around 05:00 GMT, outlook bearish. US jobless claims were more encouraging than expected. Initial claims fell 99k in the week ended...

FxWirePro: GBP/AUD set for increasing upside potential, 1.8272 a key barrier

Jul 09, 2020 19:11 pm UTC| Technicals

GBP /AUD rally extended above 1.8100 on Thursday as investors took a fresh look at finance minister Rishi Sunaks plans to revive the economy. The pound jumped 0.32% versus Australian dollar, touching 1.8141 in earlier...

FxWirePro:GBP/NZD bulls pierces 1.9200, eyes 21-DMA resistance

Jul 09, 2020 17:24 pm UTC| Technicals

GBP/NZD gained further ground on Thursday as sterling was supported by UK finance minister Rishi Sunaks stimulus, keeping worries about stalled Brexit talks at bay. The pair hit daily high at 1.9239 and was last trading...

1 2 3 4 5 6 7 8 9 10

Economy

OPEC insists it did not intend to drive US shale out of business

OPEC Secretary Mohammad Barkindo said the group did not intend to drive US shale oil producers out of business, in response to US barrels price briefly turning negative in April. In April, the group agreed on the single...

Korean shipbuilders suffer 67% dip in new orders

South Koreas shipbuilders posted 1.18 million compensated gross tons (CGTs) of new orders in the first half of 2020, 67 percent less from the 3.58 million CGTs last year. Globally, new shipbuilding orders plunged 57...

Shanghai shopping event induces consumption in city

Shanghai municipal governments May 5 Shopping Festival helped the citys total consumption over the past two months to return to the same level last year. The festival attracted over 520,000 online sellers and nearly...

Japan's May exports to S. Korea down to 11-year low of 3.66-T won

Japans exported 3.66 trillion won worth of goods to South Korea in May, down 18 percent from last year, which is lowest in 11 years due to the pandemic and trade dispute between the two countries. Japans shipments of...

US refrains from slapping antidumping duties on S. Korean cold-rolled steel

The US refrained from imposing antidumping duties on cold-rolled steel from Hyundai Steel Co. and POSCO, which would help boost trade between the two countries. The US Department of Commerce determined that cold-rolled...

Politics

Joe Biden reveals his plan to revive the US economy

President Donald Trump has often boasted that his administration is responsible for the so-called economic boom, a claim that may have played a part in his election in 2016. Now, as the coronavirus pandemic continues to...

Donald Trump: POTUS' former lawyer Michael Cohen brought back to jail

There have been a handful of aides of Donald Trump that was sent to jail, including his former lawyer Michael Cohen. In the midst of the pandemic, Cohen was ordered to be brought back to jail to continue serving his...

Donald Trump: Supreme Court rules POTUS's taxes to be released to Grand Jury

For a long time, Donald Trump has tried to evade the efforts to show his tax returns and his other financial records. Now it appears impossible for Trump to evade any longer as the Supreme Court ruled that it be released...

Melania Trump: FLOTUS visits the Mary Elizabeth House

First lady, Melania Trumps Be Best initiative, puts the overall well-being of children front and center. Recently, Mrs. Trump visited the Mary Elizabeth House to personally deliver some care packages to the staff and...

Melania Trump: New tell-all book reportedly 'thrashes the First Lady and here's its release date

Melania Trump will surely hug the headlines again once the new tell-all book about her is published. This can be controversial and filled with explosive claims since the author is the First Ladys former confidante who was...

Science

NASA: Agency confirms a storm occurring in Jupiter after it was discovered by an amateur astronomer

NASA, along with other space agencies and space enthusiasts, have detected activity going on in other planets in the Solar System and beyond. Recently, the agency confirmed one amateur astronomers sighting of a storm...

Paleontologists discover pocket-sized ancestor of the dinosaurs

Dinosaurs are more commonly believed to be large living beings, from being similar in size to a child to as massive as a house or even a small building. However, paleontologists recently discovered fossilized remains of...

Dilophosaurus shown in 'Jurassic Park' is more bird-like than lizard, says scientists

The Dilophosaurus was made famous through the Jurassic Park movie and is shown as having a similar appearance to a lizard. However, a new study finds that the actual Dilophosaurus did not resemble a lizard, but looked more...

NASA: Hubble Space Telescope detects a galaxy moving away from Earth

When it comes to galaxies, many often hear about these celestial objects merging with one another. However, the opposite is not heard about as much. Recently, the Hubble Space Telescope was able to witness just that, with...

New study suggests Cerne Abbas Giant actually dates back to the Medieval period

The Cerne Abbas Giant has been met with some debate regarding its history among archaeologists. Now, a new study suggests that the historic figure may not be as ancient as many may believe it to be. Researchers,...

Technology

‘PUBG Mobile’ Royale Pass Season 14 opens a week after update 0.19.0 is released

The highly anticipated patch 0.19.0 for PUBG Mobile has finally arrived, but not all features launching in this update were released on the first day. Some features, including a special training grounds in Livik, are...

‘World of Warcraft: Shadowlands’: Blizzard confirms release window in fall

Video game companies, for much of the first half of 2020, learned to adjust to new workplace setups due to the global COVID-19 pandemic. Even then, Blizzard Entertainment assures fans that World of Warcraft: Shadowlands is...

Poco M2 Pro: $200 smartphone with a quad camera and 33W fast charger

After months of leaks and speculations, the Poco M2 Pro has finally been announced by Poco India. Most of the expected specs and features have now been confirmed for the device, and so is the one caveat that some tech fans...

‘Cyberpunk 2077’: The role of Judy Alvarez and Evelyn Parker in V’s upcoming missions

Night City Wire has done its job of keeping the hype up for Cyberpunk 2077, but a welcome bonus was the unveiling of two non-playable characters named Evelyn Parker and Judy Alvarez. Online discussions prove their brief...

‘The Last of Us 2’: Naughty Dog condemns myriad of online death threats targeting cast and devs

The launch of The Last of Us 2 has been bittersweet for Naughty Dog in the few weeks that the game is out in the wild. Aside from high scores from critics, the developers and cast members have been receiving vile comments...