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

Become a contributor

Bookmark Econotimes

Technicals

Thu, May 09, 2024 07:02 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: USD/SGD hovers around 1.36 mark, good to sell on rallies

Nov 10, 2017 02:06 am UTC| Technicals

USD/SGD is currently trading around 1.3598 marks. It made intraday high at 1.3602 and low at 1.3583 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 1.3652 mark. A...

FxWirePro: EUR/KRW rejects key support at 1,288 mark, bias turns bullish again

Nov 10, 2017 01:20 am UTC| Technicals

EUR/KRW is currently trading around 1,300 mark. Pair made intraday high at 1,301 and low at 1,299 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1,298 mark. A...

FxWirePro: Short hedge for short-term USD/MXN traders as Banxico to line up with dovish league

Nov 09, 2017 13:18 pm UTC| Central Banks Research & Analysis Insights & Views Technicals

Tonight the Mexican central bank will leave its key rate unchanged at 7% once again. The fall in GDP in Q3 is due to the earthquake and tornados so that there is no reason for the central bank to react to the GDP data with...

FxWirePro: GBP/JPY trade idea

Nov 09, 2017 13:00 pm UTC| Technicals

GBP/JPY has formed a minor top around 150.32 and shown decline from that level. The pair dippedtill 148.45 and is currently trading around 148.70. The main dip in the pair was mainly due to weakness in Pound. GBP was...

FxWirePro: GBP/USD trades in narrow range, market eyes Brexit negotiations

Nov 09, 2017 12:34 pm UTC| Technicals

Cable slides today after recovering till 1.35127 at the time of writing. The pair weakness was mainly due to political scandal and Brexit talks. The pair has formed temporary bottom around 1.30280 and further weakness...

FxWirePro: AUD/NZD finds major support at 1.1010, break below to accentuate weakness

Nov 09, 2017 11:18 am UTC| Technicals

AUD/NZD has retraced higher after brief dip below 50-DMA at 1.1029, currently trades around 1.1023. Recovery in the pair capped below at 5-DMA at 1.1052, bias remains bearish. The pair finds major trendline...

FxWirePro: GBP/JPY trades below trend line support, good to sell on rallies

Nov 09, 2017 11:15 am UTC| Technicals

GBP/JPY has formed a minor top around 150.32 and shown decline from that level. The pair dippedtill 148.45 and is currently trading around 148.70 The main dip in the pair was mainly due to weakness in Pound. GBP was...

4041 4042 4043 4044 4045 4046 4047 4048 4049 4050

Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Politics

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...

How the Mandela myth helped win the battle for democracy in South Africa

Political history scholar Jonny Steinbergs 2023 book Winnie Nelson: Portrait of a Marriage is a double biography of South Africas most famous political figures Nelson Mandela and Winnie Madikizela Mandela and their role...

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

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

K9 Finance Joins Shibarium Puppynet, Unveils Major Bone Crusher Update

K9 Finance has unveiled significant upgrades to its Bone Crusher product and secured a spot on the Shiba Inus Shibarium Puppynet allowlist. This milestone marks a pivotal advancement in their decentralized finance (DeFi)...

EU Seizes Two Tesla Cybertrucks at Belarus Border Amid Russia Smuggle Attempt

In striking enforcement of EU sanctions, Lithuanian authorities at the Salčininku border crossing with Belarus confiscated two Tesla Cybertrucks. These vehicles, not yet released in Europe, were suspected of being smuggled...

Shiba Inu Insider Drops Major Shiba Eternity Update; Community Anticipates Enhancements

Shiba Eternity: Lucies Tease Unveils Play-to-Earn Features and Breeding Mechanics The Shiba Inu community is buzzing with excitement following a recent announcement from a critical team member about Shiba Eternity, as...

BYD Shark Debuts in Mexico, Rivals Tesla Cybertruck and Ford F-150 Lightning

This month, the streets of Mexico will showcase the BYD Sharks debut, an advanced hybrid electric pickup set to rival the Tesla Cybertruck and highlight BYDs cutting-edge hybrid technology. BYD Shark: A New Hybrid...

SHIB Exec Connects Shiba Inu to Bitcoin; Open Interest Falls 7%

SHIBs marketing officer, Lucie, emphasized similarities between Shiba Inu and Bitcoin, highlighting both projects foundational anonymity and community-driven development. Meanwhile, a 7% drop in open interest raises...