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

Become a contributor

Bookmark Econotimes

Technicals

Fri, Nov 01, 2024 12:00 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: XAG/USD remains well supported below $17.00 mark, faces strong support at $16.77

Dec 12, 2016 07:08 am UTC| Technicals

XAG/USD is currently trading around $16.84 marks. It made intraday high at $16.90 and low at $16.76 levels. Intraday bias remains neutral till the time pair holds key support at $16.77 levels. A daily close...

GBP/JPY trades slightly above 145 level, jump till 147.90 likely

Dec 12, 2016 06:59 am UTC| Technicals

Major resistance 146.05 Major support 142.88 (3- W EMA). GBP/JPY recovered from the low of 142.50 made previous week and jumped till 145.62. It is currently trading around 145.56. The high formed on Dec...

FxWirePro: No traces of bears for NZD/JPY, digital calls to leverage as rallies to extend upto 82.786, Uptrend to prolong as technical oscillators pop up with bullish signals

Dec 12, 2016 06:55 am UTC| Technicals

The pair with bullish sentiments heading towards a stiff resistance at 82.786 levels, any breach above 82.786 would take the bull trend to hit 83.780 (refer both daily and weekly plotting), upswings have gone consistently...

FxWirePro: USD/INR stabilizes above 67.50 mark, stay bullish

Dec 12, 2016 06:48 am UTC| Technicals

USD/INR is currently trading around 67.53 marks. It made intraday high at 67.55 and low at 67.39 marks. Intraday bias remains bullish till the time pair holds key support at 67.19 mark. Key resistances are...

FxWirePro: Gold faces strong support at $1150, good to sell on rallies

Dec 12, 2016 06:08 am UTC| Technicals

Gold dropped almost $16 from the yesterday high of $1172 on account of higher dollar and Fed rate hike fears. It is currently trading around $1158. Markets awaits Fed monetary policy meeting which is to held on Wed...

FxWirePro: AUD/JPY breaks major channel top resistance, bias higher, stay long

Dec 12, 2016 06:05 am UTC| Technicals

AUD/JPY extends upside, breaks major channel top resistance at 85.65, bias higher. Saudis readiness to do whatever it takes to rebalance the oil markets buoys oil markets and in turn commodity currencies. Focus...

FxWirePro: USD/CNY hits fresh 2-week high at 6.9151, PBOC sets yuan mid-point at 6.9086

Dec 12, 2016 05:39 am UTC| Technicals

USD/CNY is currently trading around 6.9145 marks. It made intraday high at 6.9151 and low at 6.9036 levels. Intraday bias remains bullish for the moment. A sustained close above 6.9052 marks will test key...

5101 5102 5103 5104 5105 5106 5107 5108 5109 5110

Economy

China Halts Investments in Europe Amid New Tariffs on EVs

China Halts Investments in Europe Amid New Tariffs on EVs China has directed its automakers to pause significant investments in European countries backing new tariffs on Chinese-made electric vehicles (EVs). This...

Sumitomo Corp Reports 11% Drop in Net Profit Amid Weak Coal Prices

Sumitomo Corps Financial Update Japanese trading house Sumitomo Corp reported a net profit of 254 billion yen (approximately $1.7 billion) for the six months ending September 2024. This figure marks an 11% decrease...

BYD Reports Strong Q3 Growth with 11.5% Profit Increase Amid EV Surge

BYDs Impressive Q3 Performance Chinese electric vehicle (EV) manufacturer BYD announced an 11.5% increase in net profit for the third quarter of 2024, fueled by strong sales and government trade-in incentives. The...

Thailand's Economic Growth Projections for 2025: A Positive Outlook

Thailands Economic Growth Projections for 2025 Thailands economy is poised for a 3% growth in 2025, building on an expected 2.7% growth in 2024, according to the finance ministry. This positive trend is fueled by...

China’s Non-Manufacturing Activity Rises in October, Easing Economic Concerns

Chinas Non-Manufacturing Activity Shows Growth in October Chinas non-manufacturing sector, covering both services and construction, showed a slight expansion in October, providing a glimmer of hope for policymakers...

Politics

Donald Trump’s Last Crypto Call Rallies Bitcoin Supporters in High-Stakes Election Push

With Election Day only days away, Donald Trump intensifies his campaign to woo crypto advocates, announcing a sweeping Bitcoin agenda that promises to keep BTC mining stateside and challenges claims from Kamala Harris....

‘Garbage or Nazis?’ Gov. Tim Walz Defends Biden’s Remarks on Trump Supporters—‘He Was Very Clear!’ Critics Demand Apology

Minnesota Governor Tim Walz is facing backlash after defending President Joe Bidens recent comment that referred to Trump supporters as garbage. In his statement, Walz, who recently compared Trump supporters to Nazis,...

‘America’s Going to Love It!’ Elon Musk Teases ‘Fun’ Second Trump Presidency—‘It’s Gonna Be Awesome!’ Sparks Mixed Reactions

In a tweet that has stirred up strong opinions across social media, billionaire Elon Musk shared his take on a potential second presidency for former President Donald Trump, calling it the most fun America has had in a...

‘A System Flaw Exposed!’ Non-Citizen Voting Incident at University of Michigan Sparks Outrage—‘Ballot Will Still Count!’

A 19-year-old student from China, enrolled at the University of Michigan, faces charges of illegal voting and perjury for allegedly casting a ballot in the 2024 U.S. election. The case has ignited a firestorm of...

U.S. Election Officials Brace for Disruptions Amid Misinformation and Threats

Heightened Security Measures in Key Battleground States Ahead of Election Day With the U.S. election just days away, officials across crucial battleground states like Philadelphia, Detroit, and Atlanta are...

Science

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Breakfast Secrets: 'Fiber-rich Foods Are the Key to Weight Loss!' Experts Reveal Shocking Truth

Health experts often emphasize the importance of a balanced diet combined with regular exercise for weight management. However, for many, achieving these goals can be a daunting challenge. Instead of drastic food...

Scabies Surge Sparks Alarm: Doctors Warn Brits, 'Don't Ignore That Rash!'

Doctors in the United Kingdom are sounding the alarm over a dramatic rise in scabies cases, urging residents not to dismiss any signs of the itchy skin condition. Recent data shows that hospitals detected approximately...

Just 21 Minutes of Cycling a Day Is 'All You Need' for Total Health, Claims Expert

John Vinton, CEO of Aventon Bikes, insists that just 21 minutes of cycling each day can drastically enhance your health. This simple yet transformative practice can lead to a multitude of benefits, including reduced risks...

Urgent Alert: New COVID Variant Causes Alarming Symptoms—You Must Know This!

The UK is experiencing a rise in COVID-19 cases, with the UK Health Security Agency (UKHSA) confirming that the XEC strain of the virus is spreading. This variant, a combination of the KS.1.1 and KP.3.3 strains, is...

Technology

Intel CEO’s Taiwan Remarks Cost 40% TSMC Discount on Latest Chip Technology

Intel CEO Patrick Gelsingers remarks about Taiwans stability reportedly strained ties with TSMC, leading to the loss of a 40% discount on its advanced 3-nanometer chip technology. TSMCs rescinded offer forces Intel to face...

Big Tech’s Soaring AI Spending Raises Investor Concerns Ahead of Amazon's Earnings Report

As Meta and Microsoft ramp up AI investments to fuel growing demand, Wall Street is expressing concern over the impact on Big Techs profit margins. After reporting increased AI spending, Microsofts shares dropped 3.6% and...

Tesla Leads California EV Market with 54.5% Share Despite Rising Competition

Tesla continues to lead Californias electric vehicle market, holding a 54.5% share in 2024, according to recent data from the California New Car Dealers Association. Despite rising competition and a slight decline in...

Shiba Inu Gains Robinhood’s Attention: SHIB’s Epic Journey Through the Meme Coin Spotlight

Robinhoods recent post traces the ascent of major meme coins, casting a spotlight on Shiba Inus unprecedented community-driven growth. Highlighting SHIBs impact on meme coin culture, the platforms update underscores SHIBs...

Shiba Inu's 6 Trillion Token Shift Breaks October Record, Sparks Market Debate on SHIB’s Next Move

A record-breaking shift of 6 trillion Shiba Inu tokens within 24 hours has ignited speculation among SHIB watchers. With Octobers highest volume in large transactions recorded, analysts are debating if this movement...