In this article UAA The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armour sees a tough year ahead, roiled by global supply chain challenges and another round of Covid lockdowns in China that are putting a dent in demand. The sneaker
Month: May 2022
European Central Bank Executive Board Member Frank Elderson said on Friday that the ECB must ensure that high inflation doesn’t become entrenched in people’s expectations, reported Reuters. Weaker economic data so far doesn’t suggest that the Eurozone is entering a recession, he added. Elderson’s remarks come after a series of hawkish remarks from other ECB
If EU efforts to ban Russian oil fall apart, there could be a real rout in oil. Technically, it earlier looked like oil could break the wedge pattern that’s been forming for two-and-a-half months. Instead, that’s starting to look like a false breakout as oil reverses to $108.21 from a high of $111.37. There’s lots
Coming up at 1230 GMT on Friday 06 May 2022, US Nonfarm payrolls report: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month) result. The number in the column next to that, where is
NEW DELHI: Gold prices climbed over a per cent on Thursday after Federal Reserve Chair Jerome Powell turned less hawkish over rate hikes. However, silver outperformed the yellow metal with a wide margin. Pritam Patnaik, Head – Commodities, Axis Securities said that gold prices rallied after the Fed event, primarily due to the fact that
Dollar dropped notably overnight after Fed Chair Jerome Powell surprised the markets by ruling out a 75bps rate hike. The comment also boosted US stocks sharply higher. Risk-on sentiment helped commodity currencies rebound. But European majors are lagging behind. Yen is so far mixed, with slight retreat in US 10-year yield. BoE rate decision would
An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada. Chris Wattie | Reuters Shares of Shopify plunged more about 15% Thursday after the company reported first-quarter results that missed analysts’ estimates, and said it will acquire logistics start-up Deliverr for $2.1 billion in cash and stock. Shopify posted adjusted earnings of 20 cents per
USD/CNH remains on the front foot, grinds higher around crucial resistance. Multiple tops marked during the week highlight 6.6890 as strong challenge for bulls. Two-day-old support line, 20-SMA restricts immediate downside ahead of fortnight-long horizontal support. USD/CNH holds onto the previous day’s recovery moves as buyers attack multiple tops marked surrounding 6.6980, with an intraday
I Tested A Simple 1 Minute Forex Scalping Strategy 100 TIMES – The Results SHOCKED Me 😱 In today’s video, we go over a simple 1 minute trading strategy that one of our subscribers has submitted to us, the strategy is pretty simple and involves using the exponential moving average trading strategy together with the
Kristin Johnson, one of five commissioners currently serving at the United States Commodity Futures Trading Commission, or CFTC, has announced that a CME Group executive director with experience in crypto will be joining her staff. In a Thursday announcement, Johnson said Bruce Fekrat will be her chief counsel at the CFTC starting on June 1.
GBPUSD moves to new 2022 lows The BOE raise rates by 25 basis point, but the rate hike was considered more of a dovish/bearish hike. Economic forecasts call for sharply higher inflation to year-end, and declining growth. That sent the GBPUSD tumbling lower and below the low from last week at 1.24103. The price has
S&P 500 futures are down 40 points or 0.9% ahead of the open. The comes after a 125 point gain yesterday, or 3.0% on the heels of Powell taking a 75 basis point hike off the table for the June and July meetings. Nasday futures are underperforming, down 0.9%. Shopify shares are down 14.5% in
New Delhi: Gold in the national capital on Thursday rallied by Rs 559 to Rs 51,081 per 10 grams reflecting gains in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 50,522 per 10 grams. Silver also jumped Rs 1,179 to Rs 63,427 per kg from
Sterling drops sharply today even after BoE raised interest rate as expected. The trigger was the warning that of recession as high inflation hurts real incomes of household and profits of businesses. Aussie and Kiwi are also trading lower as yesterday’s risk-on rally fades. Dollar, on the other hand, is regaining some of the post
In this article NKLA Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said Thursday it shipped its first semitrucks to customers in April, and that it now has purchase orders and letters of intent for over 500 of its battery-electric Tre trucks. The company is also working with clients including Anheuser-Busch Inbev
Here is what you need to know on Thursday, May 5: The Fed basically baulked at killing the equity market on Wednesday as it trod a by now well-worn conservative path in hiking rates: 50 bps as expected. By taking a 75 bps hike off the table, the bond market immediately repriced the front end
NASDAQ index tests its 100 hour moving average The NASDAQ index is up 413 points or 3.27% at 12978. Looking at the hourly chart, that takes price above its 100 hour moving average at 12946 for the 1st time since April 5. Stay above that moving average is the best case scenario for the buyers.
The markets – at least for today – breathed a sigh of relief as Fed Chair Powell took 75 basis points off the table, but did say that 50 bp hikes are in play for the next two meetings and that inflation is still much too high. To give a point of reference, before the
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