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

Become a contributor

Bookmark Econotimes

Technicals

Mon, Nov 18, 2024 11:48 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: AUD/USD consolidates around 21-EMA. mixed Aussie PMIs fail to support

May 24, 2022 07:09 am UTC| Technicals

Chart - Courtesy Trading View Spot Analysis: AUD/USD was trading 0.37% lower on the day at 0.7079 at around 06:35 GMT Previous Weeks High/ Low: 0.7073/ 0.6872 Previous Sessions High/ Low: 0.7126/...

FxWirePro- GBPJPY Daily Outlook

May 24, 2022 05:47 am UTC| Technicals

GBPJPY trades above 160 level on the strong Pound sterling. Pound sterling consolidates after three days of bullish trend against the USD dollar. The board-based US dollar weakness on upbeat market sentiment supports...

FxWirePro: USD/JPY depressed below 128 handle amid retreating yields, Fed chair Jerome Powell's speech in focus

May 24, 2022 05:44 am UTC| Technicals

Chart - Courtesy Trading View USD/JPY was trading 0.21% lower on the day at 127.61 at around 04:20 GMT. The pair is consolidating break below 21-EMA, upside remains capped at 5-DMA. Preliminary readings of the US...

FxWirePro- Gold Daily Outlook

May 24, 2022 05:15 am UTC| Technicals

Ichimoku Analysis (4-hours chart) Tenken-Sen- $1848.95 Kijun-Sen- $1836.95 Gold holds above $1850 on extreme weakness in the US dollar. It has lost more than 2.5% after hitting a 19-year high at 105....

FxWirePro: GBP/NZD consolidating around 1.9490 bias is bullish

May 23, 2022 23:55 pm UTC| Technicals

GBP/NZD strengthened on Monday as surprise bounce in UK retail sales on Friday added to the upbeat mood. Investors focus was on UK economic outlook with a closely-tracked business activity survey due out on...

FxWirePro:EUR/AUD longs hold higher ground as ECB eyes rate hikes

May 23, 2022 23:27 pm UTC| Technicals

EUR/AUD strengthened on Monday as increasingly hawkish ECB and upbeat German Ifo data boosted euro . German business morale rose unexpectedly in May thanks to a pick up in the services sector in Europes largest economy...

FxWirePro: EUR/NZD intraday upside momentum strong encouraged by an increasingly hawkish ECB

May 23, 2022 18:28 pm UTC| Technicals

EUR/NZD strengthened on Monday after ECB indicated a move from negative interest rates. EUR/NZD advance above 1.6500 after ECB President Christine Lagarde said in a blog post that the bank was likely to lift the euro...

1071 1072 1073 1074 1075 1076 1077 1078 1079 1080

Economy

Nvidia's Blackwell AI Chip Overheats—Launch at Risk as Tech Giants Grow Anxious

Nvidia is urgently addressing overheating problems in its new Blackwell AI chips when integrated into customized server racks, causing anxiety among major clients like Microsoft and Meta. The company is collaborating with...

Taiwan Appeals to EU for Bold Economic Pact to Strengthen Semiconductor Alliance

In a significant move on Monday, Taiwan President Lai Ching-te called on the European Union to forge a bold economic partnership agreement aimed at enhancing collaboration in semiconductors. He emphasized that uniting...

FxWirePro- Major Economic events for the week

Date Time Currency Event Actual Forecast Previous Tue Nov 19 12:30...

US Dollar Stays Steady Amid Economic Mixed Signals as Global Inflation Reports Loom

US dollar index is trading in a narrow range between 106.33 and 106.96 in past one week due to mixed US economic data. As of November 14, 2024, the Producer Price Index (PPI) showed no change from the previous...

Russia Cuts Gas to Austria in Payment Showdown: EU Energy Crisis Takes a Heated Turn

In a dramatic escalation of Europes energy woes, Russia abruptly halted gas supplies to Austria on Saturday over a contentious payment dispute involving Austrias largest energy firm, OMV, and Russian state-owned Gazprom....

Politics

Trump’s Team Plans Federal Rules for Autonomous Vehicles as Tesla Cybercab Sparks Debate

President-elect Donald Trumps transition team is prioritizing federal regulations for autonomous vehicles, potentially accelerating innovations like Teslas Cybercab. Sources reveal plans to establish a framework through...

Coinbase CEO Armstrong's Game-Changing Proposal to Musk’s D.O.G.E.: Sovereign Wealth and Spending Caps

Brian Armstrong, CEO of Coinbase, has challenged Elon Musks D.O.G.E. commission with a game-changing proposal: implement a government spending cap and establish a U.S. sovereign wealth fund distributing dividends to...

Lummis Calls on Treasury to Swap Gold for Bitcoin in Strategic Reserve Plan

Wyoming Senator Cynthia Lummis is urging the U.S. Treasury Department to convert a portion of its gold holdings into Bitcoin, proposing the creation of a strategic Bitcoin reserve to address inflation and the soaring...

Dana White Doubles Down on Election Controversy: ‘Harris Only Won States Without Voter ID’

UFC President Dana White has entered the political fray with remarks that ignited heated debates regarding voter identification laws and the 2024 presidential election. White, known for his unapologetic opinions, allegedly...

Detroit Lions Celebrate Victory with 'Trump Dance,' Sparking Social Media Firestorm

In an electrifying display of victory, the Detroit Lions celebrated their latest win with a unique and eyebrow-raising dance move that has since been dubbed the Trump dance. The celebratory moment, captured during their...

Science

Blue Origin Prepares to Test New Glenn Rocket, Set to Rival SpaceX's Falcon Rockets

Blue Origin is making significant strides toward testing its New Glenn rocket, designed to compete with SpaceXs Falcon lineup. With seven BE-4 engines producing 3.8 million pounds of thrust, the New Glenn is set to test...

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Breakfast Secrets: 'Fiber-rich Foods Are the Key to Weight Loss!' Experts Reveal Shocking Truth

Health experts often emphasize the importance of a balanced diet combined with regular exercise for weight management. However, for many, achieving these goals can be a daunting challenge. Instead of drastic food...

Scabies Surge Sparks Alarm: Doctors Warn Brits, 'Don't Ignore That Rash!'

Doctors in the United Kingdom are sounding the alarm over a dramatic rise in scabies cases, urging residents not to dismiss any signs of the itchy skin condition. Recent data shows that hospitals detected approximately...

Technology

Xiaomi SU7 Blazes Past 100K Deliveries Early, Ramps Up 2024 Goal to 130K Units

Xiaomi has surged past its delivery target for the SU7 electric vehicle, crossing 100,000 units ahead of schedule. The company has now set an aggressive goal for 2024, aiming to deliver 130,000 units amid record production...

Shiba Inu Burn Rate Explodes 6223% as SHIB Price Rallies, Is $1 Within Reach?

Shiba Inus burn rate hit an astonishing 6223% on November 18, destroying 290,321 SHIB. The reduced supply drove a 4% price rally, stirring investor speculation about SHIBs potential to reach $1 amid bullish market...

Cathie Wood Says Bitcoin’s Journey Is Just Beginning as It Hits $90K With "A Long Way to Go"

Despite Bitcoins surge to a record-breaking $90,000, ARK Invests Cathie Wood argues the cryptocurrency is only at the start of its ascent. Predicting a possible rise to $1.5 million by 2030, she attributes the momentum to...

Shiba Inu Set for Major Rally as Golden Cross Signals 23% Price Surge

Shiba Inu, the meme-inspired cryptocurrency, appears poised for a significant price increase as a golden cross forms on its daily chart. This bullish indicator suggests SHIB could surge by 23%, following a healthy...

Bitcoin’s Bull Run Sparks $135K Ceiling Forecast, but Could a $70K Correction Be Inevitable?

CryptoQuant CEO Ki Young Ju projects Bitcoins price ceiling at $135K, but analysts highlight leveraged market risks that could lead to a correction to $70K. ETF inflows and bullish trends fuel optimism amid market...