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

Become a contributor

Bookmark Econotimes

Technicals

Wed, May 15, 2024 06:54 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: USD/INR slips below 65.00 mark, consistent close below 64.94 targets 64.48 mark

Mar 26, 2018 06:14 am UTC| Technicals

USD/INR is currently trading around 65.95 marks. It made intraday high at 65.09 and low at 64.94 marks. Intraday bias remains bearish till the time pair holds key resistance at 65.22 mark. Key resistances...

FxWirePro: AUD/NZD finds major trendline support at 1.0615, good to go short on break below

Mar 26, 2018 06:04 am UTC| Technicals

AUD/NZD trades 0.06% lower on the day, extending downside after rejection at 20-DMA. China-US heat-up in tariff threats keeps risk sentiment dented weighing on the antipodeans. Technical indicators are biased...

FxWirePro: DAX30 trades well below 12000 level, good to sell on rallies

Mar 26, 2018 05:48 am UTC| Technicals

DAX index is trading weak continuously for three consecutive days on account of trade war fears and declined sharply more than 1.5% yesterday. The index has closed at 11792 well below 12000 level. US markets tumbled...

FxWirePro: AUD/USD finds strong trendline support at 0.7685, bullish divergence raises scope for upside

Mar 26, 2018 05:38 am UTC| Technicals

AUD/USD holds on to gains as we head into the European session, hovers around 5-DMA at 0.7711. The pair is holding above strong trendline support at 0.7685, we see weakness only on break below. Technical...

FxWirePro: Taiwanese dollar rises gradually against U.S. dollar, stay bearish only below 29.02 mark

Mar 26, 2018 05:37 am UTC| Technicals

USD/TWD is currently trading around 29.10 marks. It made intraday high at 29.20 and low at 29.10 marks. Intraday bias remains bearish till the time pair holds key resistance at 29.22 mark. A daily close...

FxWirePro: NZD/USD fails to close below 200-DMA, good to go long on break above 0.73

Mar 26, 2018 04:47 am UTC| Technicals

NZD/USD extends gains above 5-DMA, intraday bias remains bullish. Kiwi buoyed by improved risk appetite and better New Zealand trade data. New Zealands latest Trade Balance figures for Feb released by Statistics...

FxWirePro: USD/THB remains well supported below 31.20 mark, sustained close below requires for downside rally

Mar 26, 2018 03:44 am UTC| Technicals

USD/THB is currently trading around 31.16 marks. It made intraday high at 31.20 and low at 31.16 marks. Intraday bias remains bearish till the time pair holds key resistance at 31.30 mark. On the top side,...

3711 3712 3713 3714 3715 3716 3717 3718 3719 3720

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...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

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...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

Science

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...

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,...

Technology

El Salvador Mined Nearly 474 Bitcoins, Adding to State Crypto Holdings Over 3 Years

El Salvador mined nearly 474 bitcoins over the last three years using a volcano-fueled geothermal plant, boosting its state crypto holdings to 5,750 BTC. El Salvador Mines 474 Bitcoins Using Volcano Power, Boosting...

China's BYD Launches Hybrid Pickup in Mexico, Boosts Presence in North America as US Hikes EV Tariffs

Chinas BYD launches the Shark hybrid pickup truck in Mexico on May 14, countering US EV tariffs and boosting its presence in North America. BYDs New Shark Pickup Enters Mexican Market as US Hikes Tariffs on Chinese...

Important Shiba Inu Metric Explodes by 2,300% as SHIB Price Rises: Details Inside

Important Shiba Inu metric explodes by 2,300% as the SHIB price rises. Shiba Inu adoption continues to grow, with users now able to book Airbnb and buy Nike clothes via SHIB. Shiba Inus Daily Volume Surges 2,300%,...

GPT-4o Isn't Going to Kill Teaching or Customer Service, Experts Say

On May 13, OpenAI unveiled GPT-4o, showcasing its advanced speech and emotion detection, stirring debates on AIs impact on jobs. OpenAIs GPT-4o Uses Real-Time Cameras, Raising Concerns About Job Security in Various...

Joe Biden Hikes Tariffs on Chinese EVs, Solar Cells, Steel, Aluminum, and Snipes at Donald Trump

On May 14, President Joe Biden announced new tariffs on Chinese EVs, solar cells, and steel, intensifying U.S.-China trade tensions and taking a jab at Donald Trump. Biden Criticizes Chinese Government Subsidies,...