Menu

Search

FxWirePro: USD/SGD hovers around fresh 9-month high at 1.4289, consistent break above targets 1.4336

Nov 21, 2016 01:11 am UTC| Technicals

USD/SGD is currently trading around 1.4258 marks. It made intraday high at 1.4281 and low at 1.4252 levels. Intraday bias remains bullish till the time pair holds key support at 1.4128 marks. A sustained...

FxWirePro: USD/JPY neutral in the near-term, scope for upward resumption

Nov 18, 2016 14:43 pm UTC| Technicals

USD/JPY pair rose in the US session on Friday as dollar was boosted on expectations that Federal Reserve will raise interest rate next month. Fed chair Janet Yellen said on Thursday that Trumps election has done...

CADJPY trade idea

Nov 18, 2016 12:30 pm UTC| Technicals

Major resistance- 81.27 (200- day MA) Minor support- 80.47 (5- day MA) The pair has broken major resistance 81.27 (200- day MA) and jumped till 81.68. It is currently trading around 81.67. On the higher...

FX Hedging Strategy Series

FxWirePro: GBP/CAD rallies restrained at 7-DMAs, momentum not convincing, major trend remains intact – Speculate rallies via boundary binaries

Nov 18, 2016 11:34 am UTC| Technicals

Dear readers, we had often urged for more slumps in our previous write up in August month, and rest is history and we continue to maintain the same opinion, for more reading on our previous write up by following below...

CAD/JPY trades slightly above 200- day MA, jump till 82.59 likely

Nov 18, 2016 09:52 am UTC| Technicals

Major resistance- 81.27 (200- day MA) Minor support- 80.47 (5- day MA) The pair has broken major resistance 81.27 (200- day MA) and jumped till 81.68. It is currently trading around 81.67. On the higher...

FxWirePro: FTSE100 faces strong support at 6600, good to buy on dips

Nov 18, 2016 08:37 am UTC| Technicals

Potential Reversal Zone - 6610 The index has formed triple bottom around 6600 and started to jump from that level. It is currently trading around 6792. The index jumped till 6999 and started to fall from that...

FxWirePro: USD/ZAR hits fresh 2-month high at 14.56, faces strong resistance at 14.75 mark

Nov 18, 2016 08:04 am UTC| Technicals

USD/ZAR is currently trading around 14.54 levels. It made intraday high at 14.56 and low at 14.40 levels. Intraday bias remains bullish till the time pair holds key support at 14.20 marks. A daily close...

  6431 6432 6433 6434 6435 6436 6437 6438 6439 6440   

Economy

US Stock Futures Flat as Iran Strait of Hormuz Demands Fuel Oil Concerns

U.S. stock futures were largely flat Sunday night as investors assessed renewed geopolitical risks surrounding the Strait of Hormuz, with Iran setting conditions for fully reopening the critical oil shipping route. SP 500...

Japan Posts First Current Account Deficit in 17 Months as Dividend Payments Surge

Japan recorded a current account deficit in June for the first time in 17 months, as rising dividend payments to overseas investors and higher oil import costs weighed on the countrys external balance. The current account...

China Inflation Cools in July as CPI Misses Forecast, PPI Deflation Eases

Chinas consumer inflation slowed more than expected in July, while factory-gate prices remained firmly in deflationary territory, highlighting continued weakness in domestic demand despite signs of improvement in the...

Australian Shares Fall as Westpac Slides, Miners Gain Ahead of RBA Decision

Australian shares moved lower on Monday as a sharp decline in Westpac Banking Corporation weighed on the financial sector, while gains in mining stocks helped limit broader market losses ahead of the Reserve Bank of...

US Dollar Near Two-Month Low as Markets Await Inflation Data

The U.S. dollar traded near a two-month low against major currencies on Monday as investors turned their attention to upcoming U.S. inflation data for fresh signals on the Federal Reserves interest rate outlook. The euro...

Politics

Houthi Attack on Yemen’s Mocha Port Kills Seven, Injures 30

Seven people were killed and 30 others wounded after Houthi forces launched a large-scale drone and missile attack on Yemens Red Sea port city of Mocha, according to the Yemeni military. In a statement issued early Monday,...

Taiwan Tests Penghu Defense, Mobile Internet Limits in War Drills

Taiwans military conducted a simulated defense of the strategically important Penghu Islands on Monday as part of its annual Han Kuang military exercises, while authorities prepared to restrict mobile internet speeds in a...

Iran-Oman Hormuz Shipping Deal Nears Final Stage

Iran said Sunday that an agreement with Oman establishing new shipping lanes in the Strait of Hormuz is nearing completion, but Tehran stressed that the crucial waterway will remain closed until the United States meets...

Germany Warns of Daily Hybrid Warfare Threats

Germany is facing foreign hybrid warfare operations on a daily basis, Interior Minister Alexander Dobrindt has warned after authorities discovered an explosive-carrying drone at Leipzig/Halle Airport. Dobrindt said hostile...

ICE to Complete Nationwide Body Camera Rollout by End of August

U.S. Immigration and Customs Enforcement (ICE) will equip all officers and agents working in the field with body-worn cameras by the end of August, accelerating a nationwide rollout that was initially expected to take...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins

Nvidia (NVDA) could enter a multi-quarter growth cycle as shipments of its next-generation Vera Rubin AI chips begin, with BofA Global Research forecasting stronger-than-expected quarterly results and maintaining a bullish...

OpenAI Restricts Astra AI Over Cyberattack Risks

OpenAI has reportedly restricted parts of the development of its next-generation AI model, code-named Astra, after early evaluations indicated the system could potentially carry out sophisticated cyberattacks with limited...

Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium

Nvidia is reportedly preparing to invest as much as $3 billion in Lancium, a Blackstone-backed power infrastructure developer involved in the Stargate artificial intelligence infrastructure initiative, as demand for...

Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico

Meta Platforms Inc. has been ordered to pay $567 million into a fund designed to address harm to young people, in a major legal ruling involving child safety on Facebook and Instagram. Judge Bryan Biedscheid of New Mexicos...

Nintendo Shares Jump as Switch 2 Sales Boost Earnings

Nintendo shares surged nearly 5% on Friday after the Japanese gaming giant reported stronger-than-expected first-quarter earnings and upgraded its full-year financial outlook, supported by robust demand for the new Switch...
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.