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

Become a contributor

Bookmark Econotimes

Technicals

Fri, Nov 01, 2024 09:30 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro: EUR/GBP breaks channel support, hits fresh multi week lows

Sep 22, 2015 07:42 am UTC| Technicals

EUR/GBP fell to multi-week lows, hit 0.7196, levels not seen since Aug 21st 2015 EUR continues to be sold across the board from Europe open, furthering downside in the pair Contrasting BoE/ECB monetary policy outlooks...

FxWirePro: GBP/AUD moves in sync with trendline support - option straps on hedging grounds

Sep 22, 2015 07:36 am UTC| Technicals

Currency Hedging Perspectives: Straps We urge our readers to square off all bearish positions if any and for now convert the same into strap on hedging mindset. Since the long term trend has been bullish and the...

EUR/CAD breaks trend line support around 1.4800, targets 1.4600

Sep 22, 2015 07:08 am UTC| Technicals

EUR/CAD breaks short term trend line resistance 1.4800 (trend line joining 1.45955 and 1.4658) and confirms short term weakness, a decline till 1.4600 cannot be ruled out. On the higher side minor resistance is around...

FxWirePro: Swissy sold on poor domestic trade data, USD/CHF hits session highs at 0.9753

Sep 22, 2015 06:51 am UTC| Technicals

Safe-havens were bid in quiet Asian trading seesion, which kept USD/CHF largely subdued Broad based US dollar recovery and poor Switzerland trade data has now buoyed USD/CHF bulls Switzerlands trade surplus shrank in...

FxWirePro: Rally in Aussie sours with inverted hammer – option calls included

Sep 22, 2015 06:32 am UTC| Technicals

Australian Dollars longest and biggest rally (370 pips) is close to its end as inverted hammer appearing at top. Fundamentally speaking, there are still considerable risks associated with Australian economy as hard...

EUR/AUD breaks major support 1.5660, decline till 1.5550 is possible

Sep 22, 2015 06:31 am UTC| Technicals

EUR/AUD has broken short term support 1.5650 which confirms a short term weakness , a decline till 1.550 cannot be ruled out . It is currently trading at 1.5635. On the downside minor support is around 1.5580 and any...

FxWirePro: NZD/USD bears add pressure after breaching 6-year low - synthetic puts hedge spot FX shorts

Sep 22, 2015 06:29 am UTC| Technicals

No doubt, long term trend has been bearish, this pair was unable to hold onto 6 years lows. The dubious eye on USD has been worrisome as the rate hike decision has been deferred which could prop up dollars strength. Thus,...

6281 6282 6283 6284 6285 6286 6287 6288 6289 6290

Economy

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...

Indonesia's Inflation Eases, Core Inflation Surges Amid Economic Challenges

Indonesias Inflation Trends: Headline Eases, Core Inflation Surges October Inflation Overview Indonesias headline inflation rate eased to 1.71% in October, down from 1.84% in September. This rate aligns...

China Halts Investments in Europe Amid New Tariffs on EVs

China Halts Investments in Europe Amid New Tariffs on EVs China has directed its automakers to pause significant investments in European countries backing new tariffs on Chinese-made electric vehicles (EVs). This...

Politics

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...

U.S. Election Officials Brace for Disruptions Amid Misinformation and Threats

Heightened Security Measures in Key Battleground States Ahead of Election Day With the U.S. election just days away, officials across crucial battleground states like Philadelphia, Detroit, and Atlanta are...

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

Chinese Military AI Uses Meta’s Llama Model in Bold Move for Intelligence Gathering

In a provocative development, Chinese military-linked researchers have reportedly adapted Metas Llama AI model into a tool for intelligence gathering. This AI, named ChatBIT, uses the open-source model to analyze sensitive...

Could Sam Altman's World Chain's Ethereum L2 Upgrade Push WLD Price to $10?

World Chain announced on November 1 its integration with Across on Ethereum Layer 2, enhancing secure cross-chain transactions and adding ERC-7683 support. The update may drive global adoption, leading market watchers to...

XRP Poised for Breakout if Market Demand Holds Strong at Key Support Level

XRP, Ripples native cryptocurrency, saw heightened market activity and price stability at its $0.505 support level, climbing to $0.523 in Fridays early trading. With a 43% increase in volume, investor sentiment appears...

Veteran Trader Sees Ethereum Dropping to $1,551 Amid Unmet Bearish Target and Analyst Warnings

Ethereums price faces a potential downward shift, with veteran trader Peter Brandt predicting a drop to $1,551 amid bearish chart structures. While some analysts see a 10-20% downside, others anticipate a reversal...

Shiba Inu Burn Rate Soars by 252,910%, as SHIB Price Dips and Experts Call for Caution

Shiba Inus token burn rate skyrocketed 252,910% in the past day, prompting a stark warning from experts who urge investors to remain cautious despite potential price boosts. This burn surge comes as SHIB prices experience...