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

Become a contributor

Bookmark Econotimes

Technicals

Fri, May 10, 2024 02:56 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

NZD/USD can't hold above 55 DMA, bears hang tough

Mar 02, 2015 14:22 pm UTC| Technicals

Source: Thomson Reuters Overnight lift on China cut pierces 55-DMA but NZD/USD unable to hold above Pair now off Feb low 10-DMA, sub-TrendLine, RSI biased down; bears hang tough Market looks to RBA, if cut or ease...

AUD/USD bias remains with the bears

Mar 02, 2015 09:47 am UTC| Technicals

Pairs move to 0.7850 stopped out the short trade at entry level in Asia Bias remains with the bears, offer at overnight highs Trend indicators show scope for a further sell-off Target 0.7627 lows from Feb...

USD/CAD looks to get long at 1.2430

Mar 02, 2015 08:32 am UTC| Technicals

Traders look to get long at 1.2430 for gains to 1.2600 and beyond Support seen between 1.2353/1.2388; February 3/26 lows A daily close below 1.2286 - 23.6% of 1.0620 to 1.2800...

USD/MYR returns above 3.6300

Mar 02, 2015 08:19 am UTC| Technicals

USD/MYR on the rise, follows renewed buying in NDFs Firm close above 3.63 today to see fresh spike towards 3.65 break Outflows from local debts pile on bearish MYR outlook USD/MYR last 3.6320-40, NDFs ...

EUR/USD barriers expected on 1.10 handle

Mar 02, 2015 07:51 am UTC| Technicals

EUR/USD caught in low of recent ranges weighed by bearish technicals Expect buying ahead 1.1100 corporate and speculator profit-taking 1.1150 1.1100 traded Jan 26, then 1 month 1.1150/00s seem unexpected...

EUR/SEK bids small but tight

Mar 02, 2015 07:49 am UTC| Technicals

Pair seems to be working off the extras of the sharp fall last week Swedish Feb manufacturing PMI softer than expected at 53.3, 55.00 market, 55.1 previous EUR/SEKlost nearly 4% for the 11-day run to...

USD/CHF breaks pivotal resistance region

Mar 02, 2015 07:44 am UTC| Technicals

Tight 0.9565 long stop came very close overnight, somewhat easier now intraday 0.9545-54 region broke, sustained breakout will change bias Close above 0.9565 a reversal buy with 1.00 target Rising 10 DMA...

6451 6452 6453 6454 6455 6456 6457 6458 6459 6460

Economy

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

US long-term care costs are sky-high, but Washington state’s new way to help pay for them could be nixed

If you needed long-term care, could you afford it? For many Americans, especially those with a middle-class income and little savings, the answer to that question is absolutely not. Nursing homes charge somewhere...

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...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

US election: why it’s not the protesters’ votes that the Democrats should worry about

As hundreds of New York police officers in riot gear were called in to clear away a student protest at Columbia University on Tuesday night, the university president Nemat Shafik was saying she had no choice but to take...

Science

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...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

South Korea Backs Naver in Business Rift with Japan Over Line App

In response to Japanese regulatory pressure, South Korea has affirmed its commitment to defend its businesses, particularly Naver, as tensions over Lines operational independence intensify. Growing Tensions Over Tech...

South Korea Sets to Implement Crypto Delisting Under New Regulations

South Koreas Financial Supervisory Service has announced a forthcoming regulation that mandates the delisting of several cryptocurrencies. This move, set to take effect with the Virtual Asset User Protection Act in July,...

Binance and KuCoin Gain FIU Registration in India

In a significant move towards regulatory compliance, Binance and KuCoin have been officially registered with Indias Financial Intelligence Unit (FIU). This registration signals a major shift in the Indian cryptocurrency...

Former SEC Commissioner Criticizes Broad Crypto Definitions, Lubin Challenges SEC

At the TokenizeThis 2024 conference, former SEC Commissioner Troy Paredes criticized the SEC for its expansive interpretation of digital assets as securities. Concurrently, Ethereum co-founder Joseph Lubin at the F.T. Live...

Pantera Capital Sets Record with Massive Investment in Telegram's TON

Pantera Capital has announced a record-breaking investment in Telegrams TON blockchain, marking its largest commitment to date and signifying robust confidence in blockchains future. This strategic move underscores a major...