Menu

Search

FxWirePro: NZD/USD breaks channel top at 0.7280, eyes weekly 200-SMA at 0.7442

Jun 30, 2017 06:40 am UTC| Technicals

NZD/USD has shown a break above major channel top resistance at 0.7280. Upside in the pair has paused at 78.6% Fib of 0.74854 to 0.68176 fall, break above to see further upside. Scope then for test of weekly...

FxWirePro: South African rand marginally higher against U.S. dollar, stay bearish only below 12.92 mark

Jun 30, 2017 06:27 am UTC| Technicals

USD/ZAR is currently trading around 13.01 levels. It made intraday high at 13.03 and low at 12.97 levels. Intraday bias remains neutral till the time pair holds key support at 12.92 mark. A daily close...

FxWirePro: AUD/USD hit fresh 3-month highs at 0.7712, bias higher, stay long

Jun 30, 2017 06:03 am UTC| Technicals

AUD/USD edges lower from fresh 3-month highs at 0.7712, bias still higher. Aussie buoyed after data showed the pace of expansion in manufacturing and non-manufacturing activity in China ticked up in June. China...

FxWirePro: USD/INR rejects eky resistance at 64.82 mark, intraday bias remains bearish

Jun 30, 2017 05:54 am UTC| Technicals

USD/INR is currently trading around 64.72 marks. It made intraday high at 64.82 and low at 64.65 marks. Intraday bias remains bearish till the time pair holds key resistance at 64.82 marks. Key resistances...

FxWirePro: USD/JPY slips below 112 handle, finds strong support at 100-DMA, good to short break below

Jun 30, 2017 05:35 am UTC| Technicals

USD/JPY has failed to hold break above 112 handle, slips below to currently trade at 111.90. The pair finds strong support at 111.77 (100-DMA), break below could see further drag. Technical studies are slightly...

FxWirePro: Chinese yuan strengthens on the back of higher than expected manufacturing PMI data

Jun 30, 2017 04:57 am UTC| Technicals

USD/CNY is currently trading around 6.7666 marks. It made intraday high at 6.7839 and low at 6.7597 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.7983 marks. A sustained...

FxWirePro: USD/TWD fails to sustain above 30.50 mark, good to sell on rallies

Jun 30, 2017 03:52 am UTC| Technicals

USD/TWD is currently trading around 30.36 marks. It made intraday high at 30.48 and low at 30.33 marks. Intraday bias remains bearish till the time pair holds key resistance at 30.50 marks. A daily close...

  5481 5482 5483 5484 5485 5486 5487 5488 5489 5490   

Economy

Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data

Most Asian currencies traded within a narrow range on Tuesday, while the U.S. dollar remained under pressure as investors stayed cautious ahead of several crucial U.S. economic indicators, starting with the nonfarm...

Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface

Australian consumer sentiment weakened sharply in early December, according to a private survey released on Tuesday, highlighting growing concerns about inflation and the broader economic outlook. The latest...

Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data

Wall Street futures edged lower on Monday evening as technology stocks remained under pressure following several weak sessions, while investors turned cautious ahead of critical US labor market and inflation data. Market...

Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist

The Bank of Japan (BOJ) is widely expected to raise interest rates to 0.75% at the conclusion of its two-day policy meeting on Friday, marking the highest level in more than 30 years and closing the year with two rate...

New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes

New Zealand has released updated financial forecasts showing the government is unlikely to return to a budget surplus over the next five years, as weak economic conditions continue to outweigh strict fiscal discipline. The...

Politics

European Leaders Tie Ukraine Territorial Decisions to Strong Security Guarantees

European leaders have agreed that any decisions regarding potential Ukrainian territorial concessions to Russia can only be considered once strong and credible security guarantees are firmly in place, according to a joint...

Taiwan Political Standoff Deepens as President Lai Urges Parliament to Withdraw Disputed Laws

Taiwans political crisis has intensified as President Lai Ching-te warned that the islands global credibility and economic competitiveness are at risk, urging parliament to withdraw a series of controversial laws opposed...

Trump Weighs Reclassifying Marijuana as Schedule III, Potentially Transforming U.S. Cannabis Industry

U.S. President Donald Trump said he is considering an executive order to reclassify marijuana as a less dangerous drug, a move that could significantly reshape federal cannabis policy and the broader marijuana industry. If...

Sydney Bondi Beach Shooting Sparks Calls for Stronger Protection of Jewish Community in Australia

Israels ambassador to Australia has urged the federal government to strengthen protections for Jewish communities following a deadly mass shooting at a Hanukkah festival near Sydneys Bondi Beach. The attack, which occurred...

European Leaders Launch International Claims Commission to Compensate Ukraine for War Damage

European leaders, including Ukrainian President Volodymyr Zelenskiy, are gathering in The Hague to launch a new International Claims Commission aimed at compensating Ukraine for hundreds of billions of dollars in damage...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market

SUPERFORTUNE, a web3 AI application incubated by Manta Network, has launched its first mobile application, expanding beyond crypto-native users into the global consumer market. The SUPERFORTUNE mobile app delivers...

iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures

iRobot, the company behind the popular Roomba robotic vacuum cleaner, has filed for Chapter 11 bankruptcy protection in the United States as it prepares to go private through an acquisition by Picea Robotics, its primary...

Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges

Nvidia is evaluating whether to expand production capacity for its powerful H200 artificial intelligence chips after demand from Chinese customers significantly exceeded current supply, according to multiple sources...

SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles

SpaceX has reportedly begun the early stages of preparing for a potential initial public offering (IPO), marking a significant milestone for the private aerospace company founded by Elon Musk. According to a report from...

SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation

SpaceX, the aerospace company founded by Elon Musk, has reportedly authorized an insider share sale that places its valuation at approximately $800 billion, according to a Bloomberg News report published Friday. The move...
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.