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

Become a contributor

Bookmark Econotimes

Technicals

Sat, May 18, 2024 11:29 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: USD/SGD hovers around key support at 1.3554, intraday bias remains neutral

Jun 07, 2016 02:42 am UTC| Technicals

USD/SGD is currently trading around 1.3575 marks. It made intraday high at 1.3587 and low at 1.3550 levels. Intraday bias remains bullish till the time pair holds key support at 1.3554 levels. A daily close...

FxWirePro: Nikkei225 recovers after making a low of 16250, good to buy at dips

Jun 07, 2016 02:34 am UTC| Technicals

Major support - 16,250 ( 50% retracement of 1770 and 14770) Nikkei Index has recovered till 16685 after making a low of 17256. It is currently around 16612. Short term trend is slightly weak as long as resistance...

FxWirePro: USD/KRW strongly holds 1162 support, downside limited

Jun 07, 2016 02:07 am UTC| Technicals

USD/KRW is currently trading around 1164 levels. It made intraday high at 1165 and low at 1163 marks. Intraday bias remains bullish till the time pair holds key support at 1162 marks. A sustained close...

FxWirePro: Aussie gains against major peers in early hours, RBA rate decision in focus

Jun 07, 2016 01:35 am UTC| Technicals

AUD/NZD is trading around 1.0667 marks. Pair made intraday high at 1.0674 and low at 1.0624 marks. Intraday bias remains neutral for the moment. A sustained close above 1.0647 will drag the parity higher...

FxWirePro: Gold rallies to 2-week as dollar struggles amid US rate outlook

Jun 06, 2016 19:02 pm UTC| Technicals

Gold rose on Monday to hit two-week high, holding steady after Federal Reserve chair Janet Yellen said she still expected gradual U.S. rate increases. Yellow metal reached session high at 1247, but failed to advance...

FxWirePro: USD/CAD outlook weaker on renewed downside pressure

Jun 06, 2016 16:29 pm UTC| Technicals

USD/CAD pair has begun the week declining towards lower levels on Monday as oil prices rose and investors attention turned towards speech by US Federal Reserve Janet Yellen . Currently the currency pair is trading...

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

Jun 06, 2016 15:55 pm UTC| Technicals

The GBP/USD pair opened with gap and fell sharply lower on Monday, after poll showed those campaigning for Britain to leave the European Union in a referendum on June 23rd were gaining support, causing confusion among...

5341 5342 5343 5344 5345 5346 5347 5348 5349 5350

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

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

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...

Technology

Shiba Inu: Top Analyst Identifies Coin as 'Potential Gold Mine'; Price Analysis Suggests 35% Upside

Top analyst Davie Satoshi sees Shiba Inu (SHIB) as a potential gold mine; price analysis predicts a 35% upside. Key Pattern in SHIBs Price Chart The Shiba Inu (SHIB) memecoin has caught the eye of many analysts....

Tesla Cybertruck Powers Houston Gas Station, Elon Musk Reacts to Saudi Prince’s Photo

A TikTok video showed a Tesla Cybertruck powering a Houston gas station after a tornado, while Elon Musk responded to a photo of a Saudi prince with a Cybertruck. Cybertrucks Real-World Test Connecting to a Tesla...

Shanghai's Data Policy Shift Could Propel Tesla's Local Data Center Efforts

Shanghais new data-export policy could accelerate Teslas plans to build a local data center, enhancing its artificial intelligence (AI) development for autonomous driving. Chinas Regulatory Update As China attempts...

CPI Report Spurs Optimism, BlackRock CIO Forecasts Fixed Income Growth

The release of the U.S. The Consumer Price Index (CPI) report provided a wave of relief to the financial markets. This signaled a possible reduction in inflationary pressures. Rick Rieder, Chief Investment Officer of...

Over 50 Million USDT Blacklisted by Tether Amid Regulatory Scrutiny, Details Inside

Tether has blacklisted five wallets holding 54.1 million USDT, amidst increasing regulatory scrutiny and past enforcement actions. Tether Blacklists Five Wallets Holding 54.1 Million USDT Amid Ongoing Regulatory...