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

Become a contributor

Bookmark Econotimes

Technicals

Sat, Nov 02, 2024 09:22 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FX Hedging Strategy Series

FxWirePro: Risk reversals shows losing momentum in EUR/USD uptrend as Yellen’s testify semi-annual monetary policy report

Feb 09, 2016 10:28 am UTC| Technicals

As we saw in our recent risk reversal computation of EURUSD, we may see little upside movements but those rallies may lose momentum and holds stronger for next 1 month or so, certainly not in a long run. Please be noted...

GBP/USD Trade idea

Feb 09, 2016 10:15 am UTC| Technicals

Major resistance -1.4450 (trend line joining 1.46680 and 1.45860) The pair has recovered after making a low of 1. term trend is slightly bullish as long as support 1.4320 holds. Any break below 1.4320 will drag the pair...

Swiss franc hits 2- month high against US dollar, likely to test 0.9784 major support levels

Feb 09, 2016 09:35 am UTC| Technicals

Pair is currently trading around 0.9854 levels. It made intraday high at 0.9874 levels and low around 0.9822 levels. Intraday bias remains bearish below 1.0078 levels. Above 1.0078 minor resistance levels...

FxWirePro: DAX faces strong support around 8850, good to buy at dips

Feb 09, 2016 09:20 am UTC| Technicals

Major support 8850 (trend line joining 9450 and 9300) DAX has declined till 8887 and started to recover from that level. It is currently trading around 8984. On the higher side minor resistance is around 9085 (7...

FX Hedging Strategy Series

FxWirePro: Don’t bear trapped in EUR/USD, capitalize on dips to speculate with bull put spreads as ATM puts priced than calls to NPV

Feb 09, 2016 08:11 am UTC| Technicals

Technical watch: The reducing pace in EURUSDs uptrend acceleration is reckoned as the momentary depiction of the intraday speculation. Yes, we could merely perceive this as a speculative dips, when you plot the 4-hourly...

US Dollar Index faces strong support around 96.25, break below targets 94

Feb 09, 2016 08:08 am UTC| Technicals

Major support - 96.25 (trend line joining 92.62 and 93.84) The index has taken support near trend line and started to jump from that level. It is currently trading around 96.71. Short term trend is slightly weak...

EUR/USD forms triple top around 1.1250, targets 1.1100

Feb 09, 2016 08:01 am UTC| Technicals

Pattern Formed- Triple top The pair has formed triple top around 1.1250 and slightly retreating from that level. It is currently trading around 1.11990. Intraday trend is slightly weak as long as resistance...

5951 5952 5953 5954 5955 5956 5957 5958 5959 5960

Economy

Asia's Manufacturing Activity Stagnates Amid Mixed Signals

Overview of Asias Manufacturing Activity in October Asias manufacturing activity experienced stagnation in October, as a rebound in China failed to significantly uplift regional factories, according to private...

U.S. Job Growth Expected to Slow Amid Hurricanes and Strikes

Overview of U.S. Job Growth in October U.S. job growth is anticipated to slow significantly in October due to the impact of recent hurricanes and strikes among aerospace factory workers. The Labor Departments...

New Home Prices in China Rise Amid Market Recovery Efforts

New Home Prices in China Rise Amid Market Recovery Efforts In October, new home prices in China experienced a notable increase, reflecting a potential shift in the property markets trajectory. According to a...

South Korea's Export Growth Falls to Seven-Month Low Amid Global Demand Concerns

South Koreas Export Growth Drops as Global Demand Slows South Koreas export growth slowed sharply in October, rising just 4.6% year-over-year to $57.52 billion, marking the smallest increase in seven months. This...

Macquarie Group Reports Lower-Than-Expected First-Half Profits Amid Commodities Slowdown

Macquarie Group Misses First-Half Profit Estimates as Commodities Trading Declines Macquarie Group, Australias largest investment bank, reported a first-half profit increase of 14% to A$1.61 billion (USD 1.06...

Politics

Trump’s VP Pick JD Vance Has a Surprising Bitcoin Stake — Could This Influence US Crypto Policy?

JD Vance, Donald Trumps vice presidential pick, is making waves with his significant Bitcoin holdings, which underscore his pro-crypto stance. Known for his support of digital assets in the Senate, Vances investment...

Donald Trump’s Last Crypto Call Rallies Bitcoin Supporters in High-Stakes Election Push

With Election Day only days away, Donald Trump intensifies his campaign to woo crypto advocates, announcing a sweeping Bitcoin agenda that promises to keep BTC mining stateside and challenges claims from Kamala Harris....

‘Garbage or Nazis?’ Gov. Tim Walz Defends Biden’s Remarks on Trump Supporters—‘He Was Very Clear!’ Critics Demand Apology

Minnesota Governor Tim Walz is facing backlash after defending President Joe Bidens recent comment that referred to Trump supporters as garbage. In his statement, Walz, who recently compared Trump supporters to Nazis,...

‘America’s Going to Love It!’ Elon Musk Teases ‘Fun’ Second Trump Presidency—‘It’s Gonna Be Awesome!’ Sparks Mixed Reactions

In a tweet that has stirred up strong opinions across social media, billionaire Elon Musk shared his take on a potential second presidency for former President Donald Trump, calling it the most fun America has had in a...

‘A System Flaw Exposed!’ Non-Citizen Voting Incident at University of Michigan Sparks Outrage—‘Ballot Will Still Count!’

A 19-year-old student from China, enrolled at the University of Michigan, faces charges of illegal voting and perjury for allegedly casting a ballot in the 2024 U.S. election. The case has ignited a firestorm of...

Science

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...

Just 21 Minutes of Cycling a Day Is 'All You Need' for Total Health, Claims Expert

John Vinton, CEO of Aventon Bikes, insists that just 21 minutes of cycling each day can drastically enhance your health. This simple yet transformative practice can lead to a multitude of benefits, including reduced risks...

Urgent Alert: New COVID Variant Causes Alarming Symptoms—You Must Know This!

The UK is experiencing a rise in COVID-19 cases, with the UK Health Security Agency (UKHSA) confirming that the XEC strain of the virus is spreading. This variant, a combination of the KS.1.1 and KP.3.3 strains, is...

Technology

Apple’s AI-Enhanced iPhone Sales Boost Revenue, But Conservative Forecast Raises Concerns

Apples latest AI-enhanced iPhone models helped lift fourth-quarter revenue beyond expectations, with earnings per share reaching $1.64. However, a tempered growth forecast and weaker China sales left analysts uncertain...

Uber Hits Record Profit but Issues Cautious Holiday Forecast Amid Booking Slowdown

Despite achieving a record $1.06 billion operating profit in Q3, Uber Technologies Inc. announced a softer-than-anticipated outlook for the holiday quarter. Weaker ride bookings and currency exchange headwinds impacted...

Elon Musk Considers Solar + Battery for Starlink, Enhancing Portable Internet Access Worldwide

Elon Musk, SpaceX CEO, is exploring the potential for a solar and battery-powered Starlink system, responding to user demand for 24/7 high-speed internet access across diverse environments. This enhancement could offer...

Exxon and Chevron Navigate Oil Price Drop as Investor Returns Face Potential Strain

As oil prices slump and market surpluses grow, Exxon and Chevrons latest earnings show resilience yet reveal pressures on future investor returns. Both oil giants are navigating a drop in profits while affirming dividend...

Hyundai IONIQ 5 Sets New Sales Record as Upgraded 2025 Model Prepares for Launch

Hyundais IONIQ 5 continues to dominate the electric SUV market, setting a new October sales record in the U.S. With the release of the 2025 model imminent, the IONIQ 5 is poised for even greater success with upgrades,...