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

Become a contributor

Bookmark Econotimes

Technicals

Sat, May 18, 2024 09:12 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: EUR/JPY holds above 20-DMA support at 122.21, weakness only on break below

Dec 27, 2016 06:36 am UTC| Technicals

Downbeat Japanese CPI data released earlier on the day continues to exert bearish pressure on the yen. EUR/JPY trades a narrow range on the day as market lacks momentum amid a lack of fundamental drivers and...

FxWirePro: EUR/USD bears go sideways but dips sliding through trendline, shooting star signals more slumps below 7SMA

Dec 27, 2016 06:16 am UTC| Technicals

Although EURUSD spiked from trendline support at 1.0352 levels, it has been struggling to bounce further above 7DMA levels (see daily chart), that is where a shooting star pattern has occurred at 1.0434 levels. As a...

Gold trades slightly above 10- day MA, a jump till $1152 likely

Dec 27, 2016 06:02 am UTC| Technicals

Gold is slightly jumping after making a low of$1127 on Friday. The yellow metal formed a temporary bottom around $1122 and is currently trading around $1137.50. Gold has broken minor resistance at $1135 (10- day MA)...

FxWirePro: NZD/USD struggles at 5-DMA, break above needed for further upside

Dec 27, 2016 05:11 am UTC| Technicals

Technically, the dollar could be a little stretched and in overbought territory. On the other side, the NZ economy is strong and dairy prices have risen, which could mean short-term support for NZD. NZD/USD...

FxWirePro: South Korean won opens onshore trade at 1,201.0 per dollar, bias remains bullish

Dec 27, 2016 03:25 am UTC| Technicals

USD/KRW is currently trading around 1,205 levels. It made intraday high at 1,205 and low at 1,201 marks. Intraday bias remains bullish till the time pair holds key support at 1,194 levels. A daily close...

FxWirePro: Singapore dollar depreciates in early hours of Asia, sustained close above 1.4472 targets 1.4517

Dec 27, 2016 03:02 am UTC| Technicals

USD/SGD is currently trading around 1.4485 marks. It made intraday high at 1.4490 and low at 1.4469 levels. Intraday bias remains bullish till the time pair holds key support at 1.4442 marks. A sustained...

FxWirePro:Nikkei225 downside capped by 23.6% fibo,good to buy on dips

Dec 27, 2016 03:01 am UTC| Technicals

Nikkei225 shown a mild dip till 19316 and slightly jumped from that level. It is currently trading around 19461 0.15% lower. Technically index is expected to trade higher as long as minor support 19315 (23.6%...

4821 4822 4823 4824 4825 4826 4827 4828 4829 4830

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

Tesla Cybertruck Powers Houston Gas Station, Elon Musk Reacts to Saudi Prince’s Photo

A TikTok video showed a Tesla Cybertruck powering a Houston gas station after a tornado, while Elon Musk responded to a photo of a Saudi prince with a Cybertruck. Cybertrucks Real-World Test Connecting to a Tesla...

Shanghai's Data Policy Shift Could Propel Tesla's Local Data Center Efforts

Shanghais new data-export policy could accelerate Teslas plans to build a local data center, enhancing its artificial intelligence (AI) development for autonomous driving. Chinas Regulatory Update As China attempts...

CPI Report Spurs Optimism, BlackRock CIO Forecasts Fixed Income Growth

The release of the U.S. The Consumer Price Index (CPI) report provided a wave of relief to the financial markets. This signaled a possible reduction in inflationary pressures. Rick Rieder, Chief Investment Officer of...

Over 50 Million USDT Blacklisted by Tether Amid Regulatory Scrutiny, Details Inside

Tether has blacklisted five wallets holding 54.1 million USDT, amidst increasing regulatory scrutiny and past enforcement actions. Tether Blacklists Five Wallets Holding 54.1 Million USDT Amid Ongoing Regulatory...

Altcoins Expected to Yield 2x-5x Gains by May End: Fetch.AI, Floki, AAVE, ENA

The latest climb in Bitcoins price beyond $65,000 on Wednesday sparked a new relief rally in the cryptocurrency market. Top altcoins are also profiting from the upward momentum, recovering from recent downturn tendencies....