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

Become a contributor

Bookmark Econotimes

Technicals

Sat, Nov 02, 2024 05:32 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: NZD/JPY breaks major support around 80, good to sell on rallies

Jan 07, 2016 05:27 am UTC| Technicals

Major support: 79.60 NZD is trading weak in this New Year week on account of weaker than expected manufacturing data out of China which has weighed heavily on commodity currencies and global stock market. The world...

USD/CAD hits yearly high at 1.41086

Jan 07, 2016 05:08 am UTC| Technicals

Given the strength of the current move, this has pushed USDCAD to the highest level since 2003. CAD$ depreciated against the US dollar and made intraday high of 1.41086 levels. Above 1.4100, traders can look to...

FxWirePro: GBP/JPY holds major support at 172, further weakness only on breaks below

Jan 07, 2016 04:46 am UTC| Technicals

GBP/JPY broke major support at 174.20 in Wednesdays trade and edged lower. The pair hit session lows at 172.19 before paring some losses, currently it is trading around 172.82 levels. Next major support below...

FxWirePro: EUR/AUD achieves both targets, momentum still with the bulls, raise trailing stops, target 1.5420

Jan 07, 2016 03:53 am UTC| Technicals

After breaking the channel top at 1.5105 EUR/AUD has broken above 1.52 levels (38.2% Fib of 1.6585 to 1.4347 fall) which was capping the upside on Wednesday. Our long call has achieved both targets...

Gold benefits from fears over the global economic performance and equity weakness

Jan 07, 2016 03:49 am UTC| Technicals

Bullion is trading in the green zone, as investors prefer safe-haven assets instead of investing their money into riskier stocks due to renewing global growth fears. Demand for gold is usually rising in times of political...

FxWirePro: NZD/USD dumped for a fourth consecutive session, TP:1 achieved, book partial profits

Jan 07, 2016 03:35 am UTC| Technicals

Antipodeans are feeling the brunt of another wave of risk-aversion, heavily beaten, with oil prices edging lower and the Chinese equities in a sea of red. NZD/USD dumped for a fourth consecutive session this week,...

Major Asian Indices Technicals

Jan 07, 2016 03:16 am UTC| Technicals

Hang Seng: Hang Seng has broken major support 23000 and this confirms major weakness a decline till 20090/19800/19425 is possible . It is currently trading around 20270 The index resistance is at 20650 and any...

6031 6032 6033 6034 6035 6036 6037 6038 6039 6040

Economy

U.S. Stock Markets Surge as Amazon Leads Gains Ahead of Election

U.S. Stock Markets Rally on Amazons Earnings On Friday, U.S. stock indexes experienced a notable uptick, driven primarily by Amazon.com, which saw a 6.2% increase in shares following robust earnings that exceeded...

Trump Pledges 100% Tariff on Stellantis for Potential U.S. Job Relocation to Mexico

Trump Pledges 100% Tariff on Stellantis for Job Relocation to Mexico Republican presidential candidate Donald Trump announced at a rally in Michigan on Friday that, if elected, he would impose a 100% tariff on...

U.S. Consumer Protection Bureau Settles Racial Bias Lawsuit with Chicago Mortgage Lender

Settlement Details The Consumer Financial Protection Bureau announced a settlement with Chicago mortgage lender Townstone Financial, concluding a years-long lawsuit over alleged racial discrimination. Townstone will...

Washington State Governor Activates National Guard Amid Election Violence Concerns

Washington States Election Preparations On Friday, Washington State Governor Jay Inslee announced the activation of National Guard members to stand by in response to concerns about potential violence related to the...

NVIDIA Joins Dow Jones Industrial Average, Replacing Intel in Strategic Industry Shift

NVIDIA to Replace Intel in Dow Jones Industrial Average in AI-Driven Market Shift SP Dow Jones Indices recently announced that NVIDIA Corporation will replace Intel Corporation in the Dow Jones Industrial Average,...

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

Bitcoin Hits New Highs, Yet Economist Calls It 'Just Another Bubble'

Despite Bitcoin shattering previous records, economist Robin Brooks isnt convinced. He describes the cryptocurrency as just another bubble inflated by Federal Reserve rate cuts, casting doubt on its legitimacy amid the...

Shiba Inu's Kusama Proposes Vitalik Buterin Meeting to Boost SHIB-Ethereum Synergy

In a strategic move to elevate Shiba Inus status, lead developer Shytoshi Kusama has requested a meeting with Ethereums Vitalik Buterin to discuss SHIBs future plans, technological innovations, and how the project aligns...

Costco Offers $2,000 Holiday EV Discounts—Tesla Misses Out on Seasonal Savings

Costco is kicking off the holiday season with discounts of up to $2,000 on select electric vehicles, including models from Chevrolet, GMC, Cadillac, Volvo, and Polestar. The promotion runs through January 2, but Tesla...

Nvidia Boots Intel from Dow Jones as AI-Driven Growth Redefines the Chip Industry Giants

Nvidia will replace Intel in the Dow Jones Industrial Average on Nov. 8, a move highlighting AIs reshaping of the chip industry. With Nvidias market cap surging amid record AI chip sales, Intels historical dominance in...

$7.94 Billion Toncoin Whale Wave: Massive 24-Hour Transactions Leave Rivals Behind

Toncoin whales are making waves with a staggering $7.94 billion transacted in just one day, a 90% spike that defies the recent slump seen in Ethereums volume. This whale-driven surge underscores Toncoins rising influence...