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

Become a contributor

Bookmark Econotimes

Technicals

Wed, Nov 20, 2024 12:28 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: GBP/AUD consolidating around 1.9135, bias is bullish

Jan 28, 2022 22:56 pm UTC| Technicals

GBP/AUD rose on Friday as expectations BoE will hike interest rate next week boosted pound against weaker Australian dollar. BoE expectations are helping pound gain against low-yielding currencies as rates dominate FX...

FxWirePro: EUR/NZD maintains bullish bias with focus on 1.7100 level

Jan 28, 2022 22:36 pm UTC| Technicals

EUR/NZD strengthened on Friday as risk sensitive kiwi dollar was weighed down by volatility in global financial markets . Pair traded in 1.6907 /1.7063 range and was last trading at 1.7039 . Technical signals are...

FxWirePro: GBP/NZD positions for another climb, eyes 2.0550 level

Jan 28, 2022 21:26 pm UTC| Technicals

GBP/NZD extended its yesterdays bounce as increased expectation that Bank of England will hike rates on Feb 3rd boosted pound against kiwi dollar . GBP/NZD bulls have gained momentum above 2.0400 level.Close a above...

FxWirePro: Daily Commodity Tracker - 28th January, 2022

Jan 28, 2022 10:56 am UTC| Technicals

Daily Commodity...

FxWirePro: GBP/CHF consolidates above daily cloud, Pound buoyed on Brexit optimism ahead of Sue Gray report

Jan 28, 2022 10:41 am UTC| Technicals

Chart - Courtesy Trading View Technical Analysis: Bias Neutral - GBP/CHF was trading 0.05% higher on the day at 1.2451 at around 10:20 GMT - The pair was consolidating break above daily cloud and 110-EMA - Long...

FxWirePro: NZD/USD extends weakness to test 15-month low, further downside on cards

Jan 28, 2022 10:11 am UTC| Technicals

Chart - Courtesy Trading View NZD/USD was trading 0.43% lower on the day at 0.6555 at around 10:00 GMT, outlook bearish. The pair extends bearish streak for the 7th straight session, hits fresh 15-month lows below...

FxWirePro: EUR/JPY holds marginal gains, focus on German Q4 GDP data for impetus

Jan 28, 2022 07:06 am UTC| Technicals

Chart - Courtesy Trading View Spot Analysis: EUR/JPY was trading 0.15% higher on the day at 128.72 at around 06:50 GMT Previous Weeks High/ Low: 131.17/ 128.55 Previous Sessions High/ Low: 129.01/...

1251 1252 1253 1254 1255 1256 1257 1258 1259 1260

Economy

Housing Market Faces Harsh Reality: Mortgage Rates Hammer Single-Family Homebuilding While Multi-Family Starts Climb

U.S. single-family homebuilding plunged in October, underscoring the prolonged struggles of the housing market as high mortgage rates, hurricanes, and a supply crunch weigh heavily on the sector. According to the Commerce...

Federal Workers Fear Mass Firings as Trump, Musk, and Ramaswamy Promise Government Overhaul: 'Billions Could Be Cut!'

More than 2 million federal employees across the United States are bracing for potential upheaval as President-elect Donald Trumps administration signals a sweeping overhaul of government operations. Led by tech mogul Elon...

Huawei’s AI Chip Struggles: 7nm Tech Falls Generations Behind NVIDIA Due to US Sanctions, TSMC Blockade

Huaweis AI chip development faces a significant roadblock as US sanctions limit access to TSMCs advanced chip technologies. Struggling to move beyond 7nm tech, Huawei trails NVIDIA, widening the gap in AI hardware...

Clinton and Yellen Stand Against Trump's Budget Ax: 'The CDFI Fund Must Be Preserved at All Costs'

In a pivotal moment highlighting the ideological divide in Washington, former President Bill Clinton and Treasury Secretary Janet Yellen came together on Thursday to celebrate the 30th anniversary of the Community...

Wall Street in Shock! US-Russia Fright Fades as All Eyes Turn to Nvidia Earnings Bombshell

Geopolitical unease that rippled through global markets on Tuesday showed signs of waning as Asian trading kicked off Wednesday with a renewed focus on Nvidias upcoming earnings report. With heightened investor...

Politics

$250B Bitcoin Reserve? Pompliano’s Vision to Make US the King of Crypto

Anthony Pompliano has called on the U.S. to allocate $250 billion for a Bitcoin Strategic Reserve, arguing it could stabilize the dollar and establish America as the worlds largest Bitcoin holder, a crucial step as global...

Donald Trump’s Bold 2025 Veterans’ Agenda Sparks Controversy: 'Promises vs. Actions' – Critics Demand Accountability

As Donald Trump prepares for his return to the White House in 2025, the former president has outlined an ambitious agenda for U.S. veterans, promising improved healthcare access, streamlined benefits, and stronger support...

How will Donald Trump’s administration reshape education in 2025?

President Donald Trumps administration is making waves in the education sector, unveiling a series of sweeping reforms aimed at reshaping American schools. In 2025, education policy has become one of the most hotly debated...

Trump Names Crypto Champion Howard Lutnick as Commerce Secretary, Signaling Digital Shift

In a move signaling support for the cryptocurrency industry, President-elect Donald Trump has chosen Howard Lutnick, a vocal crypto advocate and CEO of Cantor Fitzgerald, as Secretary of Commerce. Lutnicks appointment...

Trump Tours SpaceX with Elon Musk: 'Starship Is America’s Future,' Sparks Controversy Over Space Policy Goals

In a meeting of bold visions and ambitious plans, President Donald Trump joined tech billionaire Elon Musk at SpaceXs state-of-the-art facility in Boca Chica, Texas, to witness the cutting-edge Starship spacecraft. The...

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

Ram’s First Electric Pickup Delayed Again: 1500 REV Aims to Redefine EV Trucks in 2025

The highly anticipated Ram 1500 REV, a flagship in electric pickups, wont roll out until 2025. Stellantis has delayed the truck to prioritize quality, citing an ambitious workload as the company develops its...

Trump to Slash Biden's EV Push: Fuel-Efficiency Standards and Tax Credits on the Chopping Block

In a bold policy shift, President-elect Donald Trumps administration plans to dismantle Biden-era regulations promoting electric vehicles (EVs) and stringent fuel-efficiency standards, sources revealthreatening to stall...

Analyst Sounds Alarm: S&P 500 and Nasdaq Set to Dive as Sell Signals Emerge

Fairlead Strategies analyst Katie Stockton warns investors of looming declines in the SP 500 and Nasdaq-100 due to key technical sell signals. While equities face potential downturns, agricultural commodities like the...

Nvidia Drives S&P 500 Gains as AI Enthusiasm Climbs Amid Rising Russia-Ukraine Nuclear Tensions

The SP 500 edged higher Tuesday, led by Nvidias 2% climb before earnings, underscoring robust AI demand. Meanwhile, geopolitical uncertainty deepened as Russia unveiled a more aggressive nuclear policy, intensifying the...

Nasdaq's Bitcoin ETF Options Ignite Market Buzz: Is a $200K BTC Rally Closer Than Ever?

The long-awaited Bitcoin ETF Options launch on Nasdaq today has sparked fresh optimism, with analysts forecasting a $200K rally for BTC. Rising trading volumes and a bullish market sentiment are fueling anticipation of...