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

Become a contributor

Bookmark Econotimes

Technicals

Mon, Aug 03, 2026 08:32 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: USD/ZAR rejects key resistance at 14.78 mark, short term trend reversal likely

Nov 02, 2018 07:21 am UTC| Technicals

USD/ZAR is currently trading around 14.30 levels. It made intraday high at 14.45 and low at 14.27 levels. Intraday bias remains bearish for the moment. A daily close above 14.40 will take the parity...

FxWirePro: GBPJPY jumps more than 400 pips from low of 142.77 , good to buy on dips

Nov 02, 2018 06:47 am UTC| Technicals

Ichimoku analysis (4 Hours chart) Tenken-Sen - 145.46 Kijun-Sen - 145.06 GBPJPY trading higher for third consecutive day and jumped more than 400 pips from low of 142.77 on Brexit deal hopes. GBP was...

FxWirePro: AUD/USD extends gains above 55-EMA, Aussie ignores soft retail sales data

Nov 02, 2018 06:36 am UTC| Technicals

AUD/USD chart on Trading View used for analysis AUD/USD extends upside, trades 0.45% higher at 0.7238 at the time of writing. The pair is extending gains of the previous session after upbeat PPI data. Data...

FxWirePro: USD/CNY hits fresh 3-week low at 6.9034 mark, further downside movement likely

Nov 02, 2018 06:06 am UTC| Technicals

USD/CNY is currently trading around 6.9070 marks. It made intraday high at 6.9314 and low at 6.9034 levels. Intraday bias remains bearish for the moment. A sustained close above 6.9204 marks will test key...

FxWirePro: Gold jumps more than $20 on slightly weak USD, markets eye US NFP data

Nov 02, 2018 05:58 am UTC| Technicals

Gold is trading slightly higher after a $25 selling from high on rising US 10 year bond yield. The major three factors that drive gold prices US dollar Index: Bearish for intraday.DXYhas lost 100 pips after a minor...

FxWirePro: USD/INR hits fresh monthly low at 72.47 mark, bias remains bearish

Nov 02, 2018 05:42 am UTC| Technicals

USD/INR is currently trading around 72.56 marks. It made intraday high at 73.00 and low at 72.47 marks. Intraday bias remains bearish till the time pair holds key resistance at 72.96 mark. Key resistances...

FxWirePro: US oil hits 6-month lows at 63.15, break below 38.2% Fib to extend weakness

Nov 02, 2018 04:14 am UTC| Technicals

US oil chart on Trading View used for analysis US oil is trading in an extremely narrow range around 38.2% Fib support. Price has hit 6-month lows at 63.15 before paring some losses to currently trade at...

4661 4662 4663 4664 4665 4666 4667 4668 4669 4670

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...