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

Become a contributor

Bookmark Econotimes

Technicals

Fri, May 10, 2024 07:47 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

CAD/JPY faces strong resistance at 86.95, break above targets 87.45/88.75

Apr 22, 2016 06:18 am UTC| Technicals

Major resistance 86.95 (trend line joining 87.45 and 87.02) Major support -85.50 (7 day EMA) The pair has made a high of 86.90 in the morning and slightly declined from that level. It is currently trading around...

FxWirePro: NZD/USD downside stalls by strong trendline support at 0.6898, weakness only on breaks below

Apr 22, 2016 06:12 am UTC| Technicals

NZD/USD is extending declines after upside was capped by channel top at 0.7045, pair has slipped below 510 day moving averages. Downside finds strong trendline support at 0.6898, breaks below could see downside upto...

GBP/JPY breaks major resistance on BOJ news, targets 160/162.57

Apr 22, 2016 05:51 am UTC| Technicals

Major resistance 158.10 (trend line joining 162.57 and 158.37) Major support- 156.45 (7 day EMA) GBP/JPY has regained today morning after making a low of 156.51 yesterday. It is trading around 157.80. The Yen...

FX Hedging Strategy Series

FxWirePro: EUR/JPY gains likely to extend on poor Japanese manufacturing data but stiff resistance at 21DMA warrants major bear-trend

Apr 22, 2016 05:38 am UTC| Technicals

After taking support from 7DMA, strong bull swings are to upheld for many reasons. Bulls hold stronger at around 124.445 resistance levels along with bullish momentum after jumping above 7DMA on daily...

FxWirePro: Yen slumps on news of BoJ discussing negative-rate loans, USD/JPY above 110 handle b

Apr 22, 2016 05:08 am UTC| Technicals

USD/JPY saw a sharp 80-pips rally above 110 barrier in a knee-jerk reaction to the latest BOJ headlines. BOJ is discussing negative-rate loans, following the decision by the BOJ to adopt negative rates on excess...

NZD/CAD faces strong support at 0.8775, break below targets 0.8670

Apr 22, 2016 05:01 am UTC| Technicals

Potential Reversal Zone (PRPZ)- 0.8775 NZD/CAD has slightly retreated after making a high of 0.88338 level .It is currently trading around 0.87860. The pairs major intraday resistance is around 0.8810 (7 day 4H...

FxWirePro: Indian rupee opens higher at 66.50 against US dollar, intraday bias remains bullish

Apr 22, 2016 04:37 am UTC| Technicals

USD/INR is currently trading at 66.52 marks. It made intraday high at 66.56 and low at 66.47 levels. Intraday bias remains bullish till the time pair holds key support at 66.32 marks. A daily close below...

5461 5462 5463 5464 5465 5466 5467 5468 5469 5470

Economy

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

US long-term care costs are sky-high, but Washington state’s new way to help pay for them could be nixed

If you needed long-term care, could you afford it? For many Americans, especially those with a middle-class income and little savings, the answer to that question is absolutely not. Nursing homes charge somewhere...

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...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

US election: why it’s not the protesters’ votes that the Democrats should worry about

As hundreds of New York police officers in riot gear were called in to clear away a student protest at Columbia University on Tuesday night, the university president Nemat Shafik was saying she had no choice but to take...

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

Bloomberg Unveils Causes of Bitcoin, ETH, SOL, XRP, SHIB Price Plunge Amid Market Turbulence

Crypto trading volumes on major cryptocurrency exchanges fell dramatically in April. Trading volumes declined for the first time in seven months after Bitcoins price fell from an all-time high of $73,800, Bloomberg...

Harvest CEO Eyes Bitcoin ETF Entry into Mainland China via Hong Kong's ETF Connect

Harvests CEO feels that the Hong Kong-mainland China ETF bridge initiative can potentially expand crypto ETF access in mainland China. Harvest Explores Offering Bitcoin and Ether ETFs to Mainland Chinese Investors via...

Samsung Follows Apple, Abandons Autonomous Driving and EV Research Initiatives

Samsung has reportedly halted its autonomous EV driving research project. The companys Advanced Institute of Technology branch has dropped autonomous driving from its research initiatives. This move comes after allegations...

SHIB Burns Skyrocket 5,803%: 26.4 Million Shiba Inu Sent Ablaze in Meme Coin Surge

Shibburn, a popular meme coin explorer, has reported a significant spike in the burn rate of Shiba Inu, the second-largest meme cryptocurrency in market capitalization value. In the meantime, the SHIB price has risen...

Apple Reportedly Inks Deal with Samsung for Foldable Displays, Hints at Future Products

Speculations that Samsung Display was trying to sign Apple as its next big foldable display client surfaced online, but nothing was set in stone because Apple was unsure about building foldable products. However, Apples...