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

Become a contributor

Bookmark Econotimes

Technicals

Mon, Aug 03, 2026 01:13 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: USD/CHF Trade Idea

Dec 14, 2018 11:59 am UTC| Technicals

Pattern formed- Falling wedge USDCHF is consolidating in narrow range between 0.98628 and 0.99700for past four trading days. Markets shown a recovery after dovish SNB monetary statement.SNB has kept its target range...

FxWirePro: EUR/USD gravestone doji, shooting star and engulfing patterns develop sloping channel – Trade one touch put

Dec 14, 2018 11:46 am UTC| Technicals

EURUSDtumbles below 1.13 levels today, the weakness of this pair is observed on the occurrence of shooting star, bearish engulfing and gravestone doji pattern candlesticks at the stiff resistance zone (i.e. 1.1466 - 1.1501...

FxWirePro: USD/CAD trades higher on broad-based US dollar buying, good to buy on dips

Dec 14, 2018 10:48 am UTC| Technicals

USD/CAD has once again recovered after showing a minor decline yesterday. US jobless claims declined sharply to 206000 compared to forecast of 226000 and US CPI came flat compared to previous month of 0.3% and annualized...

FxWirePro: DXY recovers sharply from 20-day MA, any bullishness only bove 97.75

Dec 14, 2018 10:10 am UTC| Technicals

Major support- 96.85 (20- day MA) DXY was trading higher for 2ndconsecutive day. The index hits low of 96.88 and shown a good recovery of 70 pips and it has also broken recent high of 97.55 made on Dec 11th2018.It...

FxWirePro: EURUSD trades below 1.1300 on weak Eurozone PMI data, good to sell on rallies

Dec 14, 2018 09:32 am UTC| Technicals

EUR/USD has once again declined sharply after a a jump till 1.13933 level. ECB has kept its interest rates unchanged and confirmed that they will end QE at end of the month. They will be reinvesting the redemption. ECB...

FxWirePro: EUR/JPY bulls attempt to drag rallies on hammer formation – Trade boundary strikes and short hedge as major trend edgy

Dec 14, 2018 09:13 am UTC| Research & Analysis Technicals

EURJPYhas shown considerable price rallies upon below mentioned patterns, the trend seems to be little weaker for today. Technical chart and candlestick patterns formed Hammer pattern candles pop-up at 127.574 and...

FxWirePro: USD/ZAR touches 14.37 mark, sustained close above requires for upside rally

Dec 14, 2018 08:29 am UTC| Technicals

USD/ZAR is currently trading around 14.35 levels. It made intraday high at 14.36 and low at 14.15 levels. Intraday bias remains bullish for the moment. A daily close above 14.37 will take the parity...

4571 4572 4573 4574 4575 4576 4577 4578 4579 4580

Economy

KOSPI Drops Nearly 5% as Samsung, SK Hynix Lead AI Stock Selloff

South Koreas benchmark KOSPI tumbled nearly 5% on Monday, extending losses after recording its worst monthly decline since the 2008 global financial crisis. Renewed selling in major semiconductor stocks erased much of...

Japanese Yen Rallies as Intervention Hopes and BOJ Outlook Weigh on USD/JPY

The Japanese yen extended its rally against the U.S. dollar on Monday, climbing nearly 1% as investors increased bets that Japanese authorities could launch another coordinated currency intervention with the United States...

Gold Prices Rise as Trump Delays Iran Strike, Oil Slumps

Gold prices edged higher on Monday after a sharp decline in oil prices eased inflation concerns, boosting demand for safe-haven assets. The rally came after U.S. President Donald Trump delayed a planned military strike...

Asian Stocks Slide as AI Selloff Hits South Korea, Oil Prices Drop on Iran Talks

Asian stock markets opened the week lower on Monday, with South Korea leading regional losses as renewed selling in artificial intelligence-related technology stocks overshadowed improving investor sentiment from easing...

US Stock Futures Rise as Trump’s Iran Talks Boost Market Sentiment Ahead of Key Earnings

U.S. stock index futures moved higher late Sunday after President Donald Trump announced that negotiations with Iran would begin on Monday, easing geopolitical concerns and lifting investor sentiment. The prospect of...

Politics

DOJ Rescinds Anti-Weaponization Fund Ahead of Todd Blanche Senate Confirmation Vote

The U.S. Justice Department has rescinded an order establishing the controversial Anti-Weaponization Fund just days before the Senate Judiciary Committee is set to consider Todd Blanches nomination for attorney general, a...

Former House Appropriations Chair Kay Granger Dies at 83

Former U.S. Representative Kay Granger, a longtime Texas Republican and the first Republican woman to chair the powerful House Appropriations Committee, has died at the age of 83, according to confirmation from her son,...

Taiwan Says U.S. Military Cooperation Is Stronger Than Many Realize

Taiwans military cooperation with the United States is stronger than many people realize, Defence Minister Wellington Koo said, highlighting expanding exchanges with the U.S. Pacific Command as Taipei works to strengthen...

Russian Border Drone Strike Kills Child in Belgorod, Injures Two Others

A Ukrainian drone strike in Russias Belgorod region killed a 13-year-old girl and injured two other children on Sunday, according to local Russian officials. The incident occurred near a playground in the border village of...

China Defends Industrial Policy Ahead of Key U.S. and EU Trade Talks

China is doubling down on its industrial-focused economic strategy as it prepares for high-stakes trade negotiations with the United States and the European Union, signaling little intention of making major policy changes...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Meta Cuts Wipro Outsourcing by 25% After AI-Led Restructuring

Meta Platforms has reportedly reduced the amount of IT work it outsources to Wipro Ltd by at least 25% following an artificial intelligence-driven restructuring that resulted in the closure of its digital marketing...

Alibaba Stock Jumps as Qwen 3.8-MAX AI Model Intensifies China's AI Race

Alibaba Group (HK:9988) shares climbed sharply on Monday after the company introduced Qwen 3.8-MAX, the newest version of its flagship artificial intelligence model, highlighting its growing ambitions in the rapidly...

SpaceX Earnings Preview: Bernstein Says 4 Key Factors Will Drive Long-Term Valuation

Space Exploration Technologies Corp. (NASDAQ: SPCX) is set to release its first quarterly earnings report on August 4, but Bernstein believes investors should focus less on the financial results and more on managements...

AI Data Center Boom Faces New Risks as Public Backlash and Policy Scrutiny Grow

Public opposition to large-scale data center construction is rising sharply, creating new challenges for the artificial intelligence (AI) infrastructure boom, according to Wolfe Research. The firm identified growing voter...

T-Mobile Executives Reportedly Oppose $300 Billion Deutsche Telekom Merger

Senior executives at T-Mobile US have reportedly told parent company Deutsche Telekom that they do not support a proposed $300 billion merger between the two companies, citing shareholder resistance and potential...