In this article PG Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California. Mario Tama | Getty Images Procter & Gamble is expected to report its fiscal third-quarter earnings before the bell. Here’s what Wall Street analysts are expecting, based
Month: April 2022
USD/CAD rallied roughly 140 pips on Friday to hit its highest level in over one month above the 1.2700 mark. That marks the largest one-day percentage gain since November. The pair rallied as a function of risk-off flows, with recent BoC hawkishness and strong data failing to support CAD. USD/CAD rallied roughly 140 pips on
The cryptocurrency market is known for its high volatility and the wild-west nature of the space is, in part, due to many of the assets having small market caps and the 24/7 operational hours of centralized and decentralized exchanges (DEXs). In addition to being high risk, crypto trading can also be a very time-intensive process.
The strongest to the weakest of the major currencies The JPY is the strongest and the GBP is the weakest as the NA session begins. The USD is just below the JPY as the strongest and the NZD and AUD are trending lower as well. In the Asian session, Japanese Finance Minister Suzuki escalated his
Markets: Gold down $19 to $1932 WTI crude down $2.54 to $101.23 US 10-year yields flat at 2.90% S&P 500 down 122 points, or 2.8%, to 4271 Nasdaq hits a six-week low USD leads, AUD lags For the second day, the market started out in a decent mood and imploded in a move that looks
New Delhi: Gold prices spurted by Rs 263 to Rs 52,472 per 10 grams in the national capital on Friday in line with firm global trends, according to HDFC Securities. The precious metal finished at Rs 52,209 per 10 grams in the previous trade. Silver also moved higher by Rs 500 to Rs 67,707 per
Sterling drops broadly today as weak UK retail sales data argues that the expected consumption drag from high inflation might have arrived already. Aussie is currently the second worse for the day, then Kiwi. On the other hand, Dollar is rebounding broadly, followed with help from risk aversion again. Yen also strengthens slightly in tight
In this article AAL American Airlines Boeing 787-9 Dreamliner takes off from Los Angeles international Airport on November 11, 2020 in Los Angeles, California. AaronP | Bauer-Griffin | GC Images | Getty Images American Airlines on Thursday forecast a second-quarter profit as strong travel demand helps it cover its soaring fuel costs. American is the
Cleveland Fed President and FOMC member Lorreta Mester, speaking in an interview on CNBC, said on Friday that the Fed wants to see tighter financial conditions, though not all at once. “We are in a recalibration phase for monetary policy,” she said, adding that the Fed’s goal is to bring inflation under control, but also
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EURUSD stalls the fall at the 200 hour MA The EURUSD moved below the swing area at 1.08633 to 1.08728 and buyers against the area, turned to sellers on the break (see earlier post). The price moved down to the next target at the 200 hour MA at 1.08344. Dip buyers entered there and are
The offshore yuan weakened to 6.52 against the dollar today, the lowest level since July last year. Chinese policymakers sort of disappointed on expectations for a LPR cut this week but they are making up for that in supporting the economy through other means. The evident weakening of the yuan is one of that. The
NEW DELHI: Gold prices bucked the weak global trend to rise marginally in early trade on Friday but the upside remained capped amid firm US Treasury yields and a stronger dollar. The yellow metal, meanwhile, was headed for its first weekly losses in three. Gold futures on MCX added 0.16 per cent or Rs 86
Overall markets are relatively mixed. Euro’s rebound attempt yesterday was rather disappointing, but it’s nonetheless still the best performer for the week. Dollar staged a strong rebound overnight, with help from hawkish Fed and rising yield, but there is no clear follow through buying yet. Commodity currencies were generally hammered by risk off sentiment. Yen
In this article GPS An employee hands a customer a shopping bag at an Old Navy Inc. store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap Inc. announced Thursday that the CEO of its Old Navy division, Nancy Green, is leaving the business this week. Gap Chief Executive Sonia Syngal will
USD/CAD gained strong positive traction for the second successive day on Friday. Weaker oil prices undermined the loonie and acted as a tailwind amid stronger USD. Investors look forward to Canadian Retail Sales, flash US PMIs for a fresh impetus. The USD/CAD pair added to its intraday gains and shot to its highest level since
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