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

Become a contributor

Bookmark Econotimes

Technicals

Sun, May 19, 2024 08:03 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: AUD/USD struggles at 200-DMA, break above to see further upside

Nov 09, 2017 06:11 am UTC| Technicals

AUD/USD extends range trade below 0.77 handle, finds stiff resistance at 200-DMA at 0.7697. Markets will focus on the RBA Statement on Monetary Policy scheduled to be released on Friday at 00:30 GMT. The pair is...

FxWirePro: USD/INR hovers around 65.00 mark, short term trend reversal likely

Nov 09, 2017 06:07 am UTC| Technicals

USD/INR is currently trading around 65.01 marks. It made intraday high at 65.04 and low at 64.94 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 65.27 marks. Key...

FxWirePro: Gold hits 3- week high on declining US yields, good to buy above $1290

Nov 09, 2017 05:54 am UTC| Technicals

Gold is trading steady at three week high on minor weakness in US dollar and uncertainty over US tax plan. The yellow metal has shown a minor jump till $1287 and is currently trading around $1284. US bond yield spread...

FxWirePro: NZD/JPY breaks 20-DMA resistance at 78.99, good to go long on dips

Nov 09, 2017 05:22 am UTC| Technicals

NZD/JPY consolidating break above 20-DMA at 78.99, bias higher. RBNZ left rates unchanged at 1.75 percent, the Kiwi found support from the policy announcements, which forecasted rates rising in Q2 2019 vs Q3...

FxWirePro: NZD/JPY breaks 20-DMA resistance at 78.99, good to go long on dips

Nov 09, 2017 05:22 am UTC| Technicals

FxWirePro: USD/SGD remains well supported above 1.36 mark, faces immediate support at 1.3610 mark

Nov 09, 2017 04:34 am UTC| Technicals

USD/SGD is currently trading around 1.3624 marks. It made intraday high at 1.3629 and low at 1.3614 levels. Intraday bias remains bullish till the time pair holds key support at 1.3610 mark. A daily close...

FxWirePro: NZD/USD upside pauses at 20-DMA, finds little impetus from China's mixed inflation data

Nov 09, 2017 04:29 am UTC| Technicals

RBNZ left rates unchanged, but the Kiwi found support from the policy announcements, with the outlook for an early 2019 hike maintained. RBNZ left the Official Cash Rate (OCR) unchanged at 1.75 percent forecasting...

4061 4062 4063 4064 4065 4066 4067 4068 4069 4070

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

Massive SHIB Transfers Occur Despite Sharp Decline in Shibarium Transactions

Shiba Inu (SHIB), a dog-themed cryptocurrency, has seen a startling 3,015% increase in large holder NetFlow, which provides insight into whales changing positions. However, this impressive surge comes with a...

SHIB Whale Activity Surges Amid Plummeting Shibarium Transaction Volumes

While the Shiba Inu developer team continues to work on and implement key updates to the Layer-2 blockchain, Shibarium is seeing a significant drop in transaction volume, which has been ongoing for about a month. This...

AirTag With New Chip and Improved Tracking Due Next Year; No New Mac Studio, Pro Until Mid-2025: Mark Gurman

Apples upcoming AirTag, equipped with an upgraded chip and enhanced tracking, is expected to launch by mid-2025, as detailed by Bloombergs Mark Gurman. He also claimed that Apple will not update the Mac Studio and Mac Pro...

Shibarium Faces 97% Drop in Transactions, Yet Transfers Rise Steadily

High FDVs on Binance Listings Lead to Investor Losses, Analysis Reveals

An analysis of Binance listings over the past six months reveals that high fully diluted valuations often lead to token value loss, adversely affecting regular investors while benefiting insiders. VC-Backed Tokens on...