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

Become a contributor

Bookmark Econotimes

Technicals

Tue, Dec 16, 2025 03:53 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

DXY faces strong resistance at 96.80, break above targets 97.25/98

Jul 19, 2016 09:57 am UTC| Technicals

Major resistance -96.80 Major support 95.75 (trend line joining 94.99 and 95.34). U.S dollar index has slightly retreated after making a high 96.78 at the time of writing. It is currently trading around...

CAD/JPY Intraday trade idea

Jul 19, 2016 09:38 am UTC| Technicals

Major resistance- 82.50 The pair has formed thetemporary top around 82.51 and started to decline from that level. It is currently trading around 81.45. Any bullishness can be seen only above 82.51.The break above...

FX Hedging Strategy Series

FxWirePro: Bulls in yellow metal edgy at 38.2% Fibos – Credit Call Spread to gain from momentary slumps

Jul 19, 2016 08:16 am UTC| Technicals

Technical Inference: Although the bulls rejected at 38.2% Fibonacci retracements on monthly chart at around 1375.04 levels (see monthly charts). On the flip side, the current prices testing supports at 1323.30 levels...

FxWirePro:GBP/JPY faces strong resistance at 140.60, good to sell on rallies

Jul 19, 2016 07:34 am UTC| Technicals

Major resistance- 140.55 (trend line joining 143.22 and 141.29) Major support -139.40 (90 H EMA) The pair jumped till 141.29 yesterday and declined from that level. It is currently trading around 140.09. It...

FxWirePro: DAX30 faces strong resistance at 10200,good to sell on rallies

Jul 19, 2016 07:31 am UTC| Technicals

Major support 10030 (Trend line joining 10012 and 9899) The index has jumped till 10165 and slightly declined from that level. It is currently trading around 10040. The Intraday trend is lightly weak as long as...

FxWirePro: USD/CNY consolidates around 6.70 mark, PBOC sets yuan mid-point at 6.6971

Jul 19, 2016 07:12 am UTC| Technicals

USD/CNY is currently trading around 6.6968 marks. It made intraday high at 6.7017 and low at 6.6960 levels. Intraday bias remains bullish till the time pair holds key support at 6.68 marks. On the top side,...

FxWirePro: EUR/GBP trades a narrow range ahead of UK CPI data

Jul 19, 2016 06:58 am UTC| Technicals

EUR/GBP trades a narrow range, with a days high at 0.8385 and a low of 0.7342. The cross ticked higher on Tuesday but remained well below 0.8400 handle. Downside in the pair was cushioned by fading risk-aversion...

6321 6322 6323 6324 6325 6326 6327 6328 6329 6330

Economy

Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets

Most Asian stock markets declined on Tuesday, extending recent losses as the technology sector continued to struggle under concerns about stretched artificial intelligence valuations. Investor sentiment remained fragile...

Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets

Oil prices edged lower during Asian trading on Tuesday as investors remained focused on expectations of a global oil supply glut in 2026, while closely monitoring developments in Russia-Ukraine ceasefire negotiations. The...

Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing

Korea Zinc announced plans to invest $7.4 billion to build a large-scale critical minerals refinery in Tennessee, marking the first new U.S.-based zinc refinery since the 1970s. The project, heavily backed by the U.S....

Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets

Asian technology and chipmaking stocks fell sharply on Monday as investor caution intensified over growing uncertainties surrounding artificial intelligence (AI) spending and its impact on future earnings. The sell-off...

China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand

Chinas economic momentum showed further signs of strain in November as key indicators pointed to slower growth in industrial output and a sharper-than-expected slowdown in consumer spending, according to official data...

Politics

Trump Weighs Reclassifying Marijuana as Schedule III, Potentially Transforming U.S. Cannabis Industry

U.S. President Donald Trump said he is considering an executive order to reclassify marijuana as a less dangerous drug, a move that could significantly reshape federal cannabis policy and the broader marijuana industry. If...

Sydney Bondi Beach Shooting Sparks Calls for Stronger Protection of Jewish Community in Australia

Israels ambassador to Australia has urged the federal government to strengthen protections for Jewish communities following a deadly mass shooting at a Hanukkah festival near Sydneys Bondi Beach. The attack, which occurred...

European Leaders Launch International Claims Commission to Compensate Ukraine for War Damage

European leaders, including Ukrainian President Volodymyr Zelenskiy, are gathering in The Hague to launch a new International Claims Commission aimed at compensating Ukraine for hundreds of billions of dollars in damage...

U.S. and Mexico Reach New Agreement to Tackle Tijuana River Sewage Crisis

The United States and Mexico have signed a new bilateral agreement aimed at addressing the long-standing Tijuana River sewage crisis, according to a statement released Monday by the U.S. Environmental Protection Agency...

Ukraine Claims First-Ever Underwater Drone Strike on Russian Missile Submarine

Ukraine said on Monday that it successfully struck and disabled a Russian missile-carrying submarine at a Black Sea naval base using underwater sea drones, marking what Kyiv described as a historic first in naval warfare....

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures

iRobot, the company behind the popular Roomba robotic vacuum cleaner, has filed for Chapter 11 bankruptcy protection in the United States as it prepares to go private through an acquisition by Picea Robotics, its primary...

Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges

Nvidia is evaluating whether to expand production capacity for its powerful H200 artificial intelligence chips after demand from Chinese customers significantly exceeded current supply, according to multiple sources...

SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles

SpaceX has reportedly begun the early stages of preparing for a potential initial public offering (IPO), marking a significant milestone for the private aerospace company founded by Elon Musk. According to a report from...

SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation

SpaceX, the aerospace company founded by Elon Musk, has reportedly authorized an insider share sale that places its valuation at approximately $800 billion, according to a Bloomberg News report published Friday. The move...

Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand

Mizuho Securities has raised its price target on Broadcom Inc. (NASDAQ: AVGO), highlighting accelerating momentum in the companys artificial intelligence business and a rapidly expanding long-term backlog. The brokerage...