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

Become a contributor

Bookmark Econotimes

Technicals

Fri, May 17, 2024 08:28 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

AUD/CHF trades slightly above 21 – day MA, jump till 0.7440/0.7500 likely

Sep 20, 2016 10:09 am UTC| Technicals

Major support 0.7370 (21- day MA). The pair has broken 21- day MA at 0.7370 and jumped till 0.74164 from that level. It is currently trading around 0.73827. AUD/CHF is trading slightly above 21- day MA and a...

FX Hedging Strategy Series

FxWirePro: EUR/USD restrains momentary bulls at 21-DMA and EMAs, no change in non-directional major trend – Bets on one touch binary calls

Sep 20, 2016 10:02 am UTC| Technicals

Thedollar has begun the trading weeks extended gains, as the pair rejects the resistance at 1.1213 levels (it has tested resistance several times in the past). Despite attempts of upswings 21DMA acting as stiff...

FxWirePro: Cable upside capped by 23.6% retracement, good to sell on rallies

Sep 20, 2016 08:38 am UTC| Technicals

Major resistance- 1.30905 (23.6% retracement of 1.34450 and 1.29940). Major support -1.29940 (16th Sep low). Cable has declined sharply after jumping till 1.30910. It is currently trading around...

FTSE100 trades slightly above 21- day MA, jump till 6950 likely

Sep 20, 2016 07:42 am UTC| Technicals

Majorresistance6798 (21- day MA). Majorsupport6700 (55- day EMA). Theindexhasbroken major resistance at 21- day MA at 6798 and jumped till 6822 at the time of writing...

FxWirePro: NZD/USD break above 20-DMA, close above raises scope for upside

Sep 20, 2016 07:21 am UTC| Technicals

NZD/USD benefitting from weaker sentiment surrounding the greenback on diminishing hopes of a Fed rate hike action on Wednesday The pair has broken above 20-DMA at 0.7305, we see scope for further gains. Major...

FxWirePro: USD/TRY remains well supported below 2.98 mark, bias remains neutral

Sep 20, 2016 07:16 am UTC| Technicals

USD/TRY is currently trading at 2.9741 levels. It made intraday high at 2.9784 and low at 2.9734 levels. Intraday bias remains neutral for the moment. Key resistances are seen at 2.9815, 2.9856, 2.9977,...

FxWirePro: CAD/JPY flurry of bear streaks break below support at 77.439, bearish crossover on MA and inverted saucer signal bearish trend to prolong

Sep 20, 2016 07:04 am UTC| Technicals

Technical roundup: We could foresee weakness in CADJPY when we consider the intermediate and long term trend of this pair. Prices consistently remain below DMAs, watch out for targets up to 76.718 as bears broken...

5061 5062 5063 5064 5065 5066 5067 5068 5069 5070

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...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

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...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

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...

Technology

Microsoft Integrates AMD AI Chips into Azure, Competing with Nvidia’s GPU Offerings

Microsoft announced Thursday that it will integrate AMDs MI300X processors into its Azure cloud services, offering a competitive alternative to Nvidias GPUs. Azures New AI Processing Power According to Reuters,...

Altcoins a ‘Relatively Huge’ Risk as Big Returns Fade, Analysts Warn Investors

Analysts caution that altcoins now represent a relatively huge risk, with the days of massive returns fading. Markus Thielen of 10xResearch suggests the high-reward era is over as crypto market narratives...

Bitcoin Has Best Day in 2 Months as SHIB to Get More Scarce with Shibarium

Bitcoin experienced its largest single-day rise in nearly two months, while ShibaSwaps expansion to Shibarium is set to increase SHIBs scarcity by boosting its burn rate. ShibaSwap Launches on Shibarium, Increasing SHIB...

Kia's Electric Pickup Spotted in US Testing, Targets Tesla Cybertruck, Ford F-150 Lightning

Kias upcoming electric pickup, designed to rival the Tesla Cybertruck, Rivian R1T, and Ford F-150 Lightning, has been spotted testing in the U.S., marking a significant step in its development. Kias Strategic Move into...

OpenAI Strikes Deal with Reddit to Bring Content to ChatGPT, Boosting Stocks

OpenAI and Reddit announced a partnership on May 16 to integrate Reddit content into ChatGPT, enhancing the chatbots capabilities and driving Reddits stock up 12% in extended trading. Reddit Diversifies Beyond...