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

Become a contributor

Bookmark Econotimes

Technicals

Fri, Nov 08, 2024 06:22 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FxWirePro- Gold Weekly Outlook

Mar 27, 2023 05:34 am UTC| Technicals

FxWirePro- Gold Weekly Outlook Ichimoku Analysis (Weekly chart) Tenken-Sen- $1907.30 Kijun-Sen- $1812 Gold prices pared some of their gains on profit booking. The yellow metal was one of the best performers...

FxWirePro: AUD/USD trades below 5-DMA, poised for further downside

Mar 27, 2023 04:42 am UTC| Technicals

Chart - Courtesy Trading View AUD/USD was trading 0.22% higher on the day at 0.6657 at around 04:20 GMT, bias bearish. The pair is slipping lower after rejection at 200-DMA, extends weakness below 5-DMA which is...

FxWirePro: USD/JPY shows lackluster trade, banking crisis fears keep investors wary

Mar 27, 2023 03:48 am UTC| Technicals

Chart - Courtesy Trading View USD/JPY was trading 0.08% lower on the day at 130.60 at around 03:40 GMT, bias remains bearish. On Friday, the U.S. Financial Stability Oversight Council said the U.S. banking system was...

FxWirePro: GBP/AUD positions for another climb, eyes 1.8500 level

Mar 24, 2023 23:18 pm UTC| Technicals

GBP/AUD steadied on Friday as unexpected rise UK Feb retail sales supported pound against weaker Australian dollar. Data showed British retail sales rebounded by 1.2% in February versus expectations of a rise of...

FxWirePro:GBP/NZD sustains gains as uptrend remains strong

Mar 24, 2023 21:10 pm UTC| Technicals

GBP/ NZD strengthened on Friday as upbeat British retail sales data supported sterling against kiwi dollar. British retail sales unexpectedly rebounded by 1.2% in February from the month before, Economists polled had...

FxWirePro:EUR/NZD grinds higher as frustrated shorts pare back

Mar 24, 2023 20:51 pm UTC| Technicals

EUR/NZD initially dipped on Friday but recovered ground as broad based New Zealand dollar weakness drove EUR/NZD higher. The pair reaches 1.7373 after recovering from 1.7281.Consolidation likely to continue while...

FxWirePro:EUR/AUD uptrend looks tired, but continues to hold

Mar 24, 2023 20:13 pm UTC| Technicals

EUR/AUD initially dipped on Friday as bank fears triggered knee-jerk euro selling but broad Australian dollar weakness helped the pair recover some ground. Business activity across the euro zone unexpectedly...

631 632 633 634 635 636 637 638 639 640

Economy

FxWirePro- Major Economic Events for teh day

Date Time (GMT) Currency Event Forecast Previous Nov 8th2024 1:30 pm CAD Employment...

South Korea to Monitor Financial Markets Amid Growing Volatility

South Korea Expands Market Monitoring to Address Volatility South Koreas Finance Minister, Choi Sang-mok, announced on Friday that the government is prepared to respond swiftly to any excessive volatility in the...

Japan's Currency Intervention: A Strategic Response to Yen Volatility

Japans Currency Intervention Efforts In July 2024, Japans Ministry of Finance (MOF) reported significant currency interventions to address the volatility of the yen. On July 11, Japan spent 3.168 trillion yen ($20.69...

U.S. Judge Dismisses Fraud Claims Against Rio Tinto and Ex-CEO Over Oyu Tolgoi Mine Delays

Overview of Lawsuit Dismissal A U.S. District Judge, Lewis Liman, dismissed some claims in a lawsuit accusing Rio Tinto and its former CEO, Jean-Sebastien Jacques, of defrauding investors. The case relates to delays and...

UK Labor Market Shows Signs of Cooling Amid Weak Wage Growth and Tax Increases

UK Labor Market Slows Amid Weakest Wage Growth Since 2021 The UKs labor market showed further signs of cooling in October, with the weakest wage growth since early 2021, according to a survey by the Recruitment and...

Politics

Crypto-Backed Candidates Win Big in Key California, Nevada Races as Pro-Digital Asset Momentum Builds

Candidates backed by cryptocurrency PACs scored pivotal victories in California and Nevadas House races, with Republican Young Kim and Democrats Susie Lee and Steven Horsford securing seats. Industry insiders expect the...

Bitcoin May Offset US Deficit as Treasury Reserve—Tom Lee Eyes $150K Price

Fundstrats Tom Lee foresees Bitcoin hitting $150,000, suggesting it could serve as a treasury reserve asset to alleviate the US national deficit. He attributes this potential rise to favorable post-election market...

Ether Targets $3,200 Surge as Trump’s Victory Spurs $132M ETF Inflows, Igniting Market Confidence

Following Donald Trumps re-election, Ether is on track to hit $3,200 as strong ETF inflows signal rising investor confidence. With $132 million in post-election inflows, analysts are eyeing a bullish trend for Ethereum,...

Trump Win Drives Bitcoin to Record $77K as Spot ETF Inflows Soar, Investors Bet on Fed Cut

Bitcoin is on the cusp of hitting a historic $77,000, with Trumps election victory sparking unprecedented spot ETF inflows and investor enthusiasm. The bullish sentiment comes amid expectations of a Fed rate cut and a new...

Texas AG Paxton Declares ‘Victory Against Biden’s Mass Amnesty Plan!’ After Court Blocks Immigration Policy in Major Blow to White House

A federal judge has delivered a significant ruling in favor of Texas Attorney General Ken Paxton and a coalition of conservative states, blocking a Biden administration immigration policy aimed at granting what opponents...

Science

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

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...

Technology

Shiba Inu’s Shibarium on Verge of 480M Transactions as Bullish Momentum Builds

Shiba Inus layer 2 solution, Shibarium, is about to hit a major 480 million transaction milestone, fueled by rising adoption and SHIBs recent price surge. This pivotal moment underscores Shibariums expanding role as a...

$145M Bitcoin Surge as New Wallets Signal Bold Moves—Is an $88K Breakout Next?

A surge of $145 million in Bitcoin transfers to new wallets hints at bullish momentum as the crypto hits new highs. With institutional interest peaking, analysts anticipate a potential breakout towards $88,000 amid the...

Shiba Inu’s Shytoshi Kusama Drops Bold Crypto Data from Gemini—Youth Surge Fuels SHIB’s Next Move

Shiba Inu leader Shytoshi Kusama stirred the crypto community by sharing Geminis data showing surging youth interest in digital assets. As nearly half of young investors engage with crypto, Kusamas latest proposal for a...

Shiba Inu Whale Netflows Skyrocket 7,429% Amid $0.000020 Price Breakout Hope, Bullish Surge Looms?

Shiba Inu (SHIB) saw a significant rise in whale netflows, spiking by 7,429%, indicating increased accumulation by major holders. This massive surge has fueled optimism that SHIB may soon break past the key $0.000020...

Italy’s Minister Open to Revising 42% Crypto Tax Amid Lawmaker Concerns

Italys proposed tax hike on cryptocurrency gains to 42% may face adjustments as the countrys economy minister considers alternate options amid pushback from lawmakers. The Treasurys plan aims to increase revenue but has...