Menu

Search

FxWirePro: EUR/SEK slumps post Riksbank decision, further downside likely

Sep 03, 2015 07:54 am UTC| Technicals

Swedens central bank held its benchmark repo rate at -0.35 percent as expected on Thursday, says ready to do more. The Riksbank has cut rates three times this year to boost prices, most recently in July when the...

FxWirePro: BTC/USD consolidates in narrow range, good to buy at dips

Sep 03, 2015 07:48 am UTC| Technicals Digital Currency

BTC/USD has recovered till $235 after making a low of $198 and is currently trading at $228. Short term trend is bullish as long as support $198 holds. The minor resistance is around $240 and break above will take...

FxWirePro: Sell GBP/JPY on rallies around 184-184.10 with SL around 184.75 for the TP of 182.50

Sep 03, 2015 06:53 am UTC| Technicals

GBP/JPY has recovered after making a low of 182.79 and is currently trading at 183.97. Intraday trend is bearish as long as resistance 184.70 holds. Any break below 183.50 will drag the pair further down till 183./182.45...

FxWirePro: GBP/USD continues to head south, ignores oversold levels

Sep 03, 2015 06:52 am UTC| Technicals

GBP/USD continues to head south for the 7th day, making lower daily highs since the 1.5820 peak Traders largely ignoring oversold levels, Stochs point to further downside in the pair, with strong trendline support at...

FxWirePro: GBP/AUD faces strong trend line support at 2.1390, good to buy at dips

Sep 03, 2015 06:50 am UTC| Technicals

GBP/AUD has recovered till 2.190 after making a low of 2.1390 and is currently trading at 2.181. The pairs minor resistance is around 2.190 and any break above would extend gains till 2.2200/2.2370. The pairs minor...

FxWirePro: Sell AUD/USD around 0.7020-25 with SL around 0.7065 for the TP of 0.6895

Sep 03, 2015 06:00 am UTC| Technicals

AUD/USD has formed a double bottom around 0.6980 and slightly recovered from that level. Overall trend is still weak as long as resistance 0.7062 holds. On the higher side any break above 0.7062 would extend gains till...

FxWirePro: USD/JPY slips from day's high, strong resistance seen at 120.75 (200 DMA)

Sep 03, 2015 05:56 am UTC| Technicals

Investors tentatively stepped back into equities, tempering demand for the Japanese Yen The dollar climbed against the yen on Thursday to days high by 120.69, strong resistance seen at 120.75 (200 DMA) USD/JPY is...

  7181 7182 7183 7184 7185 7186 7187 7188 7189 7190   

Economy

Russia Stocks End Flat as Energy Shares Support MOEX Index

Russian stocks finished mixed after the close of trading in Moscow on Saturday, with the MOEX Russia Index ending the session unchanged at 0.00%. Market sentiment remained cautious as gains in select energy and utility...

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls

Ukraine welcomed a major European Union decision on Friday to provide 90 billion in financial support over the next two years, a move Kyiv says will significantly strengthen its economic resilience amid the ongoing war...

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

Politics

Venezuela Condemns U.S. Seizure of Oil Tanker as “International Piracy”

The Venezuelan government has strongly condemned the seizure of a new oil tanker near its coast, accusing the United States of committing what it described as a serious act of international piracy. In an official statement...

Bangladesh Mourns Slain Youth Leader as Funeral Draws Thousands Amid Political Unrest

Tens of thousands of Bangladeshis gathered in Dhaka on Saturday to attend the funeral of Sharif Osman Hadi, a slain youth leader and election candidate whose killing has intensified political unrest ahead of the countrys...

U.S. Intercepts Venezuelan Oil Tanker in International Waters Amid Escalating Blockade Tensions

The United States has intercepted an oil tanker in international waters near Venezuela, intensifying tensions just days after President Donald Trump announced a total and complete blockade of sanctioned oil shipments...

Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays

Alphabets Google and Apple have advised certain employees working in the United States on temporary visas to avoid international travel, as visa stamping delays at U.S. embassies and consulates can now stretch up to 12...

U.S.–Russia Talks in Florida Raise Hopes but Reveal Deep Divides Over Ukraine War

U.S. negotiators met Russian officials in Florida over the weekend as the Trump administration intensified diplomatic efforts to help end Russias war in Ukraine, a conflict that began with Moscows full-scale invasion in...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

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...

Technology

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...
  • Market Data
Close

Welcome to EconoTimes

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