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

Become a contributor

Bookmark Econotimes

Technicals

Tue, May 14, 2024 10:07 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: Crude oil trades weak, good to sell on rallies

Feb 08, 2018 13:07 pm UTC| Technicals

Major support- $61.75. Oil prices declined almost 2.5% yesterday and hits one month low on rising US crude stock piles. US crude production hits record high of 10.25 million barrels per day. The commodity hits low of...

FxWirePro: XRP/USD Daily Outlook

Feb 08, 2018 11:33 am UTC| Technicals

Major support 0.4900 (233- day MA). Ripple is consolidating after hitting low of 0.56270 level. The pair jumped till 0.8250 yesterday and is currently trading around 0.75570. Last hopes for bulls to come back...

FxWirePro: USD/CAD Trade Idea

Feb 08, 2018 11:30 am UTC| Technicals

USD/CAD continuing its bullishness for fifth consecutive days. The pair jumped almost 360 pips form the low of 1.22472. The jump in prices was mainly due to rise in US 10 year bond yields and declining crude oil prices....

FxWirePro: EUR/USD trades well below 20- day MA, good to sell on rallies

Feb 08, 2018 10:59 am UTC| Technicals

EURUSD declined sharply after breaking major support at 1.2315 (20 day MA). The pair hits fresh 2- week low on increasing US dollar demand. The pair dipped almost 175 pips form yesterday high. It is currently trading...

FxWirePro: BTC/EUR breaks above 200-DMA at 6683, good to go long on dips

Feb 08, 2018 10:44 am UTC| Technicals Digital Currency

BTC/EUR retraces back above 200-DMA at 6683 levels, bias higher. The pair is trading 12.50% higher on the day at around 6933 levels at the time of writing. Price has broken above strong trendline resistance at...

FxWirePro: USD/CAD trades higher on weak crude oil price, good to buy on dips

Feb 08, 2018 09:51 am UTC| Technicals

FxWirePro: DASH/USD holds above 200-DMA, close above could see further upside

Feb 08, 2018 09:42 am UTC| Technicals Digital Currency

DASH/USD extends bounce from 3-month lows at 376 levels, edges above 200-DMA. Intraday charts show some upside, price action has edges above major EMAs on hourly charts. Technical studies are bullish on 1H...

3831 3832 3833 3834 3835 3836 3837 3838 3839 3840

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

President Joe Biden Orders Removal of Chinese-Owned Crypto Miner Near Wyoming Missile Base

President Joe Biden has ordered the removal of a Chinese-owned cryptocurrency mining company from land near a Wyoming missile base, citing national security concerns. The directive targets MineOne Cloud Computing...

Shiba Inu (SHIB) May Skyrocket 20% If This Happens, Analysts Warn of Risks

Shiba Inu (SHIB) may skyrocket 20% if it breaches a critical resistance level, analysts suggest. The cryptocurrency is currently hanging from the edge, facing pivotal support levels that will determine its next...

Hong Kong Bitcoin and Ether ETFs Experience Highest Net Outflows Since Launch

Hong Kongs Bitcoin and Ether ETFs have experienced record net outflows since launch, marking a significant downturn in investor sentiment and fund performance. Hong Kongs Bitcoin and Ether ETFs Face Unprecedented $52.5M...

Subaru and Toyota Collaborate on 3 New Electric SUVs, Citing ‘Huge Risk’ of Solo EVs

Subaru and Toyota are expanding their partnership to produce three new electric SUVs, with Subarus CEO citing the huge risk of developing EVs independently. Subaru Partners with Toyota to Reduce Risks in EV Development,...

First Look: Tesla Cybertruck's New Tactical Grey Interior Spotted in Forum Images

Tesla enthusiasts got a first look at the new Tactical Grey interior for the Cybertruck, revealed through leaked images on the Cybertruck Owners Club Forum. Cybertruck Owners Forum Unveils Tactical Grey Interior Last...