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

Become a contributor

Bookmark Econotimes

Technicals

Wed, May 08, 2024 04:46 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

S&P500 faces strong support at 2025, break below targets 1915/1810

May 23, 2016 06:43 am UTC| Technicals

Death cross 50 WMA crosses below 100 WMA Major support 2025 SP500 has made a low of 2025 (50 W MA) and slightly recovered from that level .it is currently trading around 2055. Short term major resistance...

FxWirePro: NZD/JPY breaks major resistance at 74.45, good to long dips

May 23, 2016 06:17 am UTC| Technicals

NZD/JPY has broken above strong trendline resistance currently at 74.45, bias higher. Bullish Shark pattern evidenced on NZD/JPY dailies. Pair has edged higher from Potential Reversal Zone at 72.54. Technical...

FxWirePro: Silver falls sharply below $16.40, faces strong support at $16.31

May 23, 2016 06:00 am UTC| Technicals

XAG/USD is currently trading around $16.38 marks. It made intraday high at $16.54 and low at $16.37 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $16.41 marks. A...

FxWirePro: GBP/JPY faces strong support at 159, good to sell on rallies

May 23, 2016 05:47 am UTC| Technicals

Major resistance- 162.30 (21 day W MA) Major support 157.85 (21 day MA) The pair has made a high of 161.65 on Friday and started to decline from that level. It is currently trading at 159.49. On the lower...

FxWirePro: USD/INR breaks key support at 67.37, downside limited

May 23, 2016 05:11 am UTC| Technicals

USD/INR is currently trading around 67.3275. It made intraday high at 67.43 and low at 67.26 marks. Intraday bias remains neutral till the time pair holds key resistance at 67.55 marks. In addition, a daily...

FxWirePro: Gold faces resistance at 21 day MA, good to sell on rallies

May 23, 2016 05:06 am UTC| Technicals

Major support - $1244 (55 day EMA) Major resistance- $1266 (21 day MA) Gold has take made a high of $1260 on Friday and slightly retreated from that level.. It is currently trading around $1254. Minor...

FxWirePro: USD/JPY slips below 110 handle, intraday bias lower, good to sell rallies

May 23, 2016 05:04 am UTC| Technicals

Nikkei Japanese manufacturing PMI reading combined with poor domestic exports/imports data helped USD/JPY hit session highs at 110.23. Japan all industry activity index (mom) registered at 0.1%, below expectations...

5371 5372 5373 5374 5375 5376 5377 5378 5379 5380

Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

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...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Science

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...

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,...

Technology

Binance CEO Discloses $150 Million Bribe Amidst Tensions with Nigerian Government

Binance, the renowned cryptocurrency exchange, disclosed that Nigerian government authorities demanded a staggering $150 million in bribes to quell legal actions against its executives, igniting a fierce dispute between...

Hong Kong Central Bank Leads Initiative to Explore Asset Tokenization Advancements

The Hong Kong Monetary Authority (HKMA) has spearheaded the formation of a specialized community to explore asset tokenization. Partnering with various industry players and regulators, this initiative seeks to drive...

Shiba Inu Lead Shytoshi Kusama Unveils Mysterious 'Evita' Teaser, Sparking Frenzy

Shytoshi Kusama, the elusive figure at the helm of the renowned cryptocurrency Shiba Inu (SHIB), has set tongues wagging with a cryptic teaser shared across social media platforms. The enigmatic message features the word...

Amazon Opens Online Shopping for South African Customers

Amazon has finally arrived in South Africa. With its launch in the region, Jeff Bezos e-commerce platform is expected to compete with the leading local online shopping player, Takealot.com. The American e-commerce giant...

Apple Embarks on AI Chip Development for Data Center Capabilities

Apple Inc. is set to transform the tech landscape with its newly developed AI chip, tailored specifically for data center operations. Dubbed Project ACDC, this initiative marks a significant leap in server technology,...