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

Become a contributor

Bookmark Econotimes

Technicals

Sun, May 19, 2024 04:15 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Dollar recovers slightly against the Swiss Franc, supported above 0.97 marks

Feb 12, 2016 09:35 am UTC| Technicals

Pair is currently trading at 0.9765 levels. It made intraday high 0.9771 and low at 0.9714 marks. Pair made temporary low yesterday at 0.9661 levels and intraday bias remains neutral first. Pair likely to...

Digital Currency Revolution

FxWirePro: BTC/USD trades in tight range, good to buy at dips

Feb 12, 2016 08:04 am UTC| Technicals Digital Currency

BTC/USD is trading in narrow range between $369-$380. It is currently trading around $373. Short term trend is slightly bullish as long as support $350 holds. On the higher side the pair is facing strong resistance...

USD/JPY intraday outlook

Feb 12, 2016 07:46 am UTC| Technicals Commentary

Pair is currently trading at 112.22 marks. It made intraday high at 113.01 and low at 111.66 levels. Intraday bias remains bearish for the moment. In addition, Japan finance minister Taro Aso warned...

FxWirePro: 0.9960 strong resistance for AUD/CAD, further bullishness only on breaks above

Feb 12, 2016 07:33 am UTC| Technicals

AUD/CAD has been trading a falling channel and price action has been contained within the cloud. Strong resistance for the pair lies at 0.9960 (channel top), further bullishness can be seen only on breaks...

FxWirePro: USD/CAD struggles to close above 1.400, good to sell on rallies

Feb 12, 2016 07:17 am UTC| Technicals

Major resistance -1.4000 The pair has made a high of 1.4160 yesterday and started to retreat from that level. It is currently trading around 1.39085. On the lower side major support is around 1.3880 and break below...

EUR/USD well supported above $1.13, good to buy on dips

Feb 12, 2016 06:58 am UTC| Technicals

Pair is currently trading at $1.1303 marks. It made intraday high at $1.1333 and low at $1.1292 levels. Intraday bias in EUR/USD remains bullish. A daily close below $1.1050 will turn the bias again downside...

FxWirePro: EUR/USD forms Bearish Bat Pattern, good to sell on rallies

Feb 12, 2016 06:30 am UTC| Technicals

Harmonic Pattern - Bearish BAT Pattern Potential Reversal Zone (PRZ) -1.1380 The pair has made a high of 1.1375 and started to decline from that level. It is currently trading around 1.13055. On the lower major support...

5691 5692 5693 5694 5695 5696 5697 5698 5699 5700

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

AI 'Godfather' Warns of Job Displacement, Advocates for Universal Basic Income

Renowned AI godfather Geoffrey Hinton warns of significant job losses due to AI, urging governments to adopt universal basic income as a countermeasure. Hinton Advocates for Universal Basic Income According to...

Shiba Inu: Top Analyst Identifies Coin as 'Potential Gold Mine'; Price Analysis Suggests 35% Upside

Top analyst Davie Satoshi sees Shiba Inu (SHIB) as a potential gold mine; price analysis predicts a 35% upside. Key Pattern in SHIBs Price Chart The Shiba Inu (SHIB) memecoin has caught the eye of many analysts....

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...