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

Become a contributor

Bookmark Econotimes

Technicals

Sun, May 12, 2024 05:30 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Euro-Pound Libor spread at lowest since 2008

Nov 24, 2015 10:14 am UTC| Technicals

EUR/GBP exchange rate is seeing a bit of upside today, traded as high as 0.705, jumping back slowly from recent lows below 0.7 area. Despite these noise, we at FxWirePro, remain firmly committed to our downside call for...

EUR/USD European session Update- Watch out for 1.06700

Nov 24, 2015 09:48 am UTC| Technicals

EUR/USD has recovered till 1.06697 at the time of writing in European session and slightly retreated from that level. It is currently trading at 1.06500. Major intraday resistance is around 1.06700 (34 day 4H EMA)...

FxWirePro: AUD/CAD bullish reversal spotted out after 3 white soldiers – target southwards 60 pips

Nov 24, 2015 09:10 am UTC| Technicals

3 white soldiers candlestick pattern is figured out on weekly charts of AUDCAD. The best percentage price meeting target is 23.6% retracement on either side of break out of trend line. We could foresee retest of...

FX Hedging Strategy Series

FxWirePro: NZD/JPY to retest 79.450 - deploy NZD/JPY OTM calls in option combos

Nov 24, 2015 08:13 am UTC| Technicals

Weve been observing consistent price drop in this pair from last Friday when it has formed a shooting star candle pattern at 80.498 signifying more weakness towards downside, previous to which the puzzling trend in this...

FX Hedging Strategy Series

FxWirePro: Dollar Index forms Bearish Butterfly pattern, good to sell on rallies

Nov 24, 2015 08:05 am UTC| Technicals

Long term harmonic Pattern: Bearish Butterfly Pattern Short term Harmonic Pattern- Bullish Cypher pattern Long term Potential Reversal Zone -101.52 (161.8% retracement of 98.33 and 93.16) Short term Potential...

FxWirePro: USD/JPY on back foot, but bullishness intact, good to buy dips

Nov 24, 2015 07:43 am UTC| Technicals

USD/JPY capped below 123 handle on the day after having crawled off last weeks low of 122.62, trading has been soggy and volumes light Position adjustments ahead of Thursdays U.S. Thanksgiving holiday probably weighing on...

FxWirePro: Shooting star signals GBP/JPY’s down streak to resume – retest of 184.604 most likely

Nov 24, 2015 07:11 am UTC| Technicals

Shooting star at peak: It has been anticipated for some more corrections on GBPJPY upon the formation of shooting star pattern candle at peaks of uptrend at around 186.511 on weekly chart which has been unable to hold...

5871 5872 5873 5874 5875 5876 5877 5878 5879 5880

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...

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...

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 student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

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

Tesla's New Battery Chief Aims for Cost Cuts in Cybertruck, Model Y

Tesla recently parted ways with officials from several areas, including public policy, powertrain, and 4680 battery facility production. Bonne Egglestons Strategy for Reducing Battery Costs Elon Musk may have thought...

Transaction Fees on Shibarium Skyrocket 267%, Stunning Shiba Inu Community

Shibarium, the Layer-2 blockchain platform dedicated to the Shiba Inu community, has recorded a staggering 267% rise in transaction fees over the past day. This surge, highlighted by data from Shibariumscan, reflects...

Rumor: Samsung's Galaxy Z Fold 6 to Feature Advanced 'Battery AI'

Recent rumors have surfaced suggesting that Samsung may integrate its revolutionary Battery AI technology into the Galaxy Z Fold 6, aiming to significantly enhance battery efficiency. Galaxy Z Fold 6: A New Benchmark in...

Surge in Used Tesla Cybertruck Market Despite High Prices

Despite a significant recall affecting nearly all vehicles and a temporary production halt, the market for used Tesla Cybertrucks is thriving. Listings on major car-buying sites have surged, reflecting robust demand for...

'Extreme Rally' Predicted in Crypto by Top Trader for 2024

As the financial world braces for an extreme rally, top traders, including analyst Henrik Zeberg, forecast a booming phase for the cryptocurrency sector. With US stocks expected to peak later this year, Zebergs...