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

Become a contributor

Bookmark Econotimes

Technicals

Mon, Apr 29, 2024 09:16 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: USD/ZAR fails to hold above 14.00 mark; stay bearish

Oct 10, 2016 07:16 am UTC| Technicals

USD/ZAR is currently trading around 13.78 levels. It made intraday high at 13.85 and low at 13.75 levels. Intraday bias remains neutral till the time pair holds key resistance at 14.00 marks. A daily...

FxWirePro: China's yuan trades at lowest level since September 2010, PBOC sets yuan mid-point at 6.7008

Oct 10, 2016 06:26 am UTC| Technicals

USD/CNY is currently trading around 6.7013 marks. It made intraday high at 6.7040 and low at 6.6684 levels. Intraday bias remains bullish till the time pair holds key support at 6.68 marks. On the top side,...

FxWirePro: Gold Weekly Outlook

Oct 10, 2016 06:14 am UTC| Technicals

Major support - $1242 (90- W EMA). The yellow metal plummeted on Tuesday and continued to decline till Friday. It has closed around $1257.39 slightly below 200- day MA ($1259.95). Gold has declined sharply on...

FxWirePro: Silver rises sharply after lower than expected NFP job data, upside limited

Oct 10, 2016 05:59 am UTC| Technicals

XAG/USD is currently trading around $17.70 marks. It made intraday high at $17.76 and low at $17.50 levels. Intraday bias remains bullish till the time pair holds immediate support at $17.50 marks. A daily...

FxWirePro: Indian rupee marginally higher against U.S. dollar, faces strong support at 66.46

Oct 10, 2016 04:43 am UTC| Technicals

USD/INR is currently trading around 66.50 marks. It made intraday high at 66.57 and low at 66.46 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 66.75 marks. Key...

FxWirepro: ASX200 faces strong support at 10- day MA,good to sell on rallies

Oct 10, 2016 03:55 am UTC| Technicals

Major support -5440(10- day MA). The index has formed a double top around 5502 and started to decline from the higher level.It is currently trading around 5476. ASX200 is trading well above Tenken-Sen (5437) and...

FxWirePro: Nikkei225 struggles to close above 17000, good to sell on rallie

Oct 10, 2016 02:55 am UTC| Technicals

Nikkei225 is trading slightly up 0.01 in the Asian session after declining sharply on Friday. Japanese index has made a low of 16727 yesterday yesterday and slightly recovered from that level.. It is currently trading...

4991 4992 4993 4994 4995 4996 4997 4998 4999 5000

Economy

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...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

Science

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,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

LG Uplus, Kakao Mobility EV Charging Joint Venture Approved by the FTC

LG Uplus and Kakao Mobilitys joint venture to operate electric vehicle charging stations has been approved by the Fair Trade Commission. The antitrust regulator approved the JV on Monday, April 29. FTCs Crucial...

KT Innovates Media, Content Business Through AI

KT Group is transforming its media and content business through artificial intelligence (AI). The company is innovating the mentioned units as part of its acceleration strategy. According to Yonhap News Agency, KT said...

Musk Engages China: Baidu’s Data Deal and High-Stakes Hotel Meet with CATL

Tesla CEO Elon Musk is making headlines with a double play in China: securing critical navigation data from Baidu and engaging in strategic talks with CATL. These moves underline Teslas push to lead in global tech and...

Elon Musk Injects $10 Billion Into Tesla AI, Eyes Autonomous Robotaxi

Elon Musk has declared a monumental $10 billion investment in Teslas artificial intelligence, setting the stage for advanced autonomous driving and a potential Robotaxi service. Tesla to Invest $10 Billion in AI for...

OpenAI and Worldcoin Eye Strategic Partnership Amid Regulatory Gaze

Amid escalating regulatory scrutiny, OpenAI, led by Sam Altman, is reportedly discussing a potential partnership with Worldcoin, another venture Altman co-founded. As detailed by Bloomberg, these talks could lead to...