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

Become a contributor

Bookmark Econotimes

Technicals

Tue, Dec 16, 2025 07:30 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: GBP/CAD faces strong trend line resistance at 1.7000, good to sell on rallies

Dec 08, 2016 08:51 am UTC| Technicals

Major resistance 1.7000 (trend line joining 1.7523 and 1.7123). Major support - 1.6650 (trend line joining 1.6568 and 1.66142). GBP/CAD made a temporary top around 1.6985 on Dec 6th 2016 and declined from that...

FxWirePro: USD/CNY exhibits range bound movement; PBOC sets yuan mid-point at 6.8731

Dec 08, 2016 08:29 am UTC| Technicals

USD/CNY is currently trading around 6.8798 marks. It made intraday high at 6.8855 and low at 6.8739 levels. Intraday bias remains neutral for the moment. A sustained close above 6.88 marks will test key...

EUR/USD faces strong resistance at 1.08500, bulishness only above that level

Dec 08, 2016 08:00 am UTC| Technicals

Major resistance- 1.08500 (Support turned into resistance) Major intraday support 1.0680 (55- 4H EMA) EUR/USD jump from the low of 1.0504 is seen as correction and the pair should close above 1.08500 for the...

FxWirePro: USD/ZAR remains well supported above 13.45 mark, upside limited

Dec 08, 2016 07:31 am UTC| Technicals

USD/ZAR is currently trading around 13.49 levels. It made intraday high at 13.52 and low at 13.45 levels. Intraday bias remains bearish till the time pair holds key resistance at 14.77 marks. A daily...

FX Hedging Strategy Series

FxWirePro: EUR/JPY upswings go in sideways but long term technicals signal more upside traction – Boundary binaries to speculate

Dec 08, 2016 07:13 am UTC| Technicals

Bulls manage to break out above major resistances of 113.946, 116.250, 121.526, Current upswings consistently well above DMAs and sustain above these levels would take us to the newer heights. Rallies likely to extend...

FxWirePro: South Korean won gains against U.S. dollar after comments from South Korea’s finance minister

Dec 08, 2016 06:46 am UTC| Technicals

USD/KRW is currently trading around 1,158 levels. It made intraday high at 1,161 and low at 1,156 marks. Intraday bias remains bearish till the time pair holds key resistance at 1,162 levels. A daily close...

FxWirePro: AUD/USD extends potential "Bearish Bat pattern", bias higher, stay long

Dec 08, 2016 06:37 am UTC| Technicals

AUD/USD has shown a breakout above 20-DMA resistance at 0.7455 on Wednesdays trade. Aussie shrugs off dismal Q3 GDP and weak trade deficit data and extends higher. The pair hit a three-week high of 0.7509 after...

5961 5962 5963 5964 5965 5966 5967 5968 5969 5970

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...

Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data

Gold and silver prices edged lower in Asian trading on Tuesday as investors booked profits after a strong rally, while global markets turned cautious ahead of critical U.S. economic data. The pullback comes after precious...

Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge

South Koreas central bank has pushed back against claims that excessive domestic liquidity is the main driver behind the weakening won and rising residential property prices, calling such arguments an overstatement. In a...

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...

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...

Sydney Bondi Beach Terror Attack Kills 16, Sparks Gun Law and Security Debate

Australian authorities are investigating a deadly mass shooting at a Hanukkah celebration near Sydneys Bondi Beach as a suspected act of terrorism inspired by Islamic State, marking the countrys worst mass shooting in...

Trump’s Rob Reiner Remarks Spark Bipartisan Outrage After Tragic Deaths

President Donald Trump is facing sharp bipartisan criticism after posting controversial remarks about actor and director Rob Reiner following the shocking deaths of Reiner and his wife, Michele Reiner. The comments, shared...

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...

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

Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push

Chinese artificial intelligence chip startup Biren Technology is preparing to launch a Hong Kong initial public offering (IPO) in the coming weeks, according to multiple sources familiar with the matter. The Shanghai-based...

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...