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

Become a contributor

Bookmark Econotimes

Technicals

Sat, Nov 02, 2024 07:43 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Call update - AUD/USD targets achieved, book full profits

Feb 05, 2016 04:38 am UTC| Technicals

Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-fades-post-RBA-spike-slips-below-071-handle-good-to-buy-dips-153585) has achieved all targets. We advise booking full profits, NFP is major risk ahead,...

Aussie falls after negative retail sales data

Feb 05, 2016 04:25 am UTC| Technicals

An unexpectedly shocking outcome in December retail spending data dragged the Australian dollar lower on Friday. Retail sales turnover was flat in December, according to the Australian Bureau of Statistics (ABS), coming...

FxWirePro: USD/JPY holds minor support near 116.50 levels, breaks below could target 115.55, focus on US NFP data

Feb 05, 2016 04:08 am UTC| Technicals

USD/JPY is seeing a minor recovery heading into mid-Asia after downward spiral for 4 consecutive sessions. The pair is holding minor support at 116.50 levels(Jan 15 lows), but bias is still lower. Break below 116.50 could...

Major Asian Indices Technicals

Feb 05, 2016 02:36 am UTC| Technicals

Hang Seng: Hang Seng has broken minor resistance 19300 and jumped til 19395. It is currently trading around 19332. Short term trend is slightly bullish as long as support 18770 holds. Any break above 19300 will take...

FxWirePro: AUD/USD stronger after Fed uncertainty hits USD

Feb 04, 2016 17:37 pm UTC| Technicals

AUD/USD inched higher to trade around one month high on Thursday as strong rebound in oil prices and sharp decline in US dollar supported Aussie bulls. Much of the move was due to a broad selloff in the U.S. dollar on...

FxWirePro: USD/CAD declines to hit 8-week low, scope for further downside

Feb 04, 2016 16:22 pm UTC| Technicals

The USD/CAD pair slipped sharply to test support level at 1.3678 levels, after the US market opened. However, after finding support at 1.3635 the pair rebounded back to trade around 1.3700 levels. As long the pair...

FxWirePro: EUR/USD consolidating around 1.1180 levels, bias is bullish

Feb 04, 2016 15:32 pm UTC| Technicals

EUR surged against defensive US dollar on Thursday after doubts were raised of further rise in US interest rate following weak US data on Wednesday. The pair extended its gains from 1.1070 to hit high at 1.1235 in...

5961 5962 5963 5964 5965 5966 5967 5968 5969 5970

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,...