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

Become a contributor

Bookmark Econotimes

Technicals

Tue, Aug 11, 2026 12:06 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro:ASX200 struggles to close above 5500, good to sell on rallies

Aug 04, 2016 02:48 am UTC| Technicals

Major support- 5,460 (21 day MA) The index has declined till 5459 yesterday and slightly recovered from that level.It is currently trading around 5,485. Short term trend is bearish as long as the support e 5,540...

Nikkei225 breaks major support at 16000, decline till 15800/15500 likely

Aug 04, 2016 02:35 am UTC| Technicals

Major Support -16000 (daily Kijun-Sen) . Major resistance- 16305 (7 day EMA). Nikkei225 has broken major support at 16000 and declined till 15892 at the time of writing.It is currently trading around...

FxWirePro: Aussie falls in early hours of Asia on the back of lower than expected retail sales data

Aug 04, 2016 02:06 am UTC| Technicals

AUD/NZD is currently trading around 1.0609 marks. Pair made intraday high at 1.0633 and low at 1.0591 marks. Intraday bias remains neutral till the time pair holds key resistance at 1.0623 levels. On the top...

FxWirePro: USD/KRW remains well supported above 1,100 mark; stay bullish above 1,117

Aug 04, 2016 01:12 am UTC| Technicals

USD/KRW is currently trading around 1,113 levels. It made intraday high at 1,114 and low at 1,112 levels. Intraday bias remains bullish till the time pair holds key support at 1,105 levels. A sustained close...

FxWirePro: USD/CAD maintains bullish bias with focus on 1.3150

Aug 03, 2016 18:22 pm UTC| Technicals

USD/CAD initially inched higher after the release of US ADP Employment data in the early US session, but the commodity related currency pair declined after a larger-than-expected gasoline draw offset a surprise build in...

FxWirePro: EUR/USD gains some upside momentum but still bearish

Aug 03, 2016 13:40 pm UTC| Technicals

The EUR/USD declined at the beginning of the US session as the pair found strong selling interest as dollar recovered some ground after ADP National Employment Report showed a gain of 1179,000 jobs in July. Further...

USD/CHF trade idea

Aug 03, 2016 12:46 pm UTC| Technicals

Major resistance- 0.9680 (trend line joining 0.97028 and 0.96946) Major support: 0.9630 (Jul 29th low) The pair has formed almost a double bottom around 0.9630 and slightly jumped from that level.It is currently...

6701 6702 6703 6704 6705 6706 6707 6708 6709 6710

Economy

UK Retail Sales Rise as World Cup and Heatwave Boost Food, Pubs and Clothing

British consumers increased spending on food, pubs and clothing in July, supported by Englands run to the World Cup semi-finals and unusually hot weather. However, shoppers remained cautious about larger purchases as...

European Stocks Flat as Oil Prices Rise, US CPI in Focus

European stocks were little changed on Monday, holding close to record highs as rising crude oil prices and continued uncertainty over Middle East shipping routes offset optimism following last weeks strong market rally....

S&P 500, Nasdaq Futures Rise as Iran Risks and CPI Loom

U.S. stock futures edged higher Monday as investors weighed escalating tensions surrounding Iran and the Strait of Hormuz while preparing for crucial U.S. inflation data later this week. SP 500 futures gained about 0.1%,...

Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises

Goldman Sachs expects corporate demand for U.S. equities to remain stronger than new share supply this year, despite a significant recovery in follow-on equity issuance driven partly by artificial intelligence investment....

South Korean Won Leads Asian FX Losses as Dollar Rises

The South Korean won led declines across Asian currencies on Monday as the U.S. dollar strengthened, while the Japanese yen retreated after giving up some of its intervention-driven gains. The U.S. Dollar Index rose 0.18%...

Politics

South Korea, US Set Major Military Drills for August

South Korea and the United States will hold their annual Ulchi Freedom Shield (UFS) military drills from August 17 to 27, with this years exercises placing greater emphasis on countering drones, GPS interference and...

US ‘Digging In’ Across Indo-Pacific, Pentagon Official Says

The United States remains firmly committed to the Indo-Pacific and has no plans to withdraw from Asia, a senior Pentagon official said Monday, while urging regional allies to take greater responsibility for their own...

Myanmar Rejects ASEAN Special Envoy, Challenges Regional Peace Plan

Myanmars military-backed government has rejected the continued role of ASEANs special envoy, deepening tensions with the regional bloc as Thailand pushes for Myanmar to fully re-engage with Southeast Asian nations....

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,...

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...

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

Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch

Apple Inc. (NASDAQ: AAPL) is reportedly testing memory chips from Chinese semiconductor manufacturer CXMT Corp as the rapid expansion of artificial intelligence infrastructure puts increasing pressure on global memory...

Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors

Sony Group and Taiwan Semiconductor Manufacturing Co. (TSMC) are reportedly preparing to invest about 1 trillion yen ($6.32 billion) in a new Japanese semiconductor venture focused on next-generation chips for image...

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...