In this article DKS A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Dick’s Sporting Goods on Wednesday reported results for its fiscal first quarter that topped Wall Street’s expectations, as shoppers spent money on golf clubs, soccer gear and athletic apparel
Month: May 2022
CME Group’s flash data for crude oil futures markets noted traders scaled back their open interest positions by just 596 contracts on Tuesday. Volume, instead, went up for the second straight session, now by around 20.3K contracts. WTI remains side-lined around $110.00 Tuesday’s inconclusive price action in WTI was amidst a small decrease in open
Crude oil find sellers against topside swing area The price of WTI crude oil futures chopped up and down in trading today. The low price was at $108.61. The high price was at $111.43. The prices settling between those levels at $109.77. That’s down -$0.52 or -0.47%. Looking at the hourly chart, the high price
Prior 100.9; revised to 100.1 Coincident index 97.5 Prior 95.5; revised to 96.8 The overall assessment of the coincident index remains unchanged i.e. seen as ‘improving’. The index is used as a reference to economic conditions, but most of the indicators used to make up the index has already been released individually – so there
HOUSTON: Oil prices rose in early trade on Wednesday, boosted by tight supplies and the prospect of rising demand from the upcoming start of the U.S. summer driving season. Brent crude futures for July rose 46 cents, or 0.4%, to $114.02 a barrel by 0020 GMT. U.S. West Texas Intermediate (WTI) crude futures for July
New Zealand Dollar rises broadly today after an hawkish RBNZ rate hike, which suggests that interest rate could peak higher than earlier projected. Australian and Canadian Dollars are also generally firmer. On the other hand, Euro is starting to lose some upside momentum again, struggling to ECB driven rally. Swiss Franc and Sterling are soft
In this article JWN A pedestrian and cyclist wear facemasks outside a branch of department store chain Nordstrom in Santa Monica, California on May 11, 2020. Frederic J. Brown | AFP | Getty Images Nordstrom on Tuesday reported fiscal first-quarter sales ahead of analysts’ expectations and hiked its full-year outlook, citing momentum in the business
As economic conditions continue to worsen, financial experts worldwide are increasingly placing the blame at the feet of the Federal Reserve after the central bank was slow to respond to rising inflation early on. Financial markets are currently experiencing their worst stretch of losses in recent history and it doesn’t appear that there is any
A sharp drop in UK (and global) yields following weak UK and US PMI data has weighed heavily on GBP/JPY. The pair was last trading in the low 158.00s and eyeing a breakout to fresh monthly lows around 156.00. UK government bond yields had already been on the back foot in the lead up to
USDCHF falls below the 50% midpoint of recent move higher The CHF is just behind the JPY as the currency of choice today as investors look toward safe haven. The CHF is a standard safe haven currency. Looking at the daily chart above, the price of the pair is now down 6 the last 7
High yield 2.519%. The last auction high yield came in at 2.585% WI level at the time of the auction 2.526% Tail -0.7 basis points vs. six-month average of 0.0 basis points Bid to cover 2.61X vs six-month average of 2.59X Directs (a proxy for domestic demand) 22.09% vs six-month average of 17.8% Indirects (a
Gold prices touched a more than one-week high on Monday, as an easing dollar supported greenback-priced bullion, although rising U.S. Treasury yields capped gains. FUNDAMENTALS Spot gold rose 0.3% to $1,850.39 per ounce, by 0039 GMT, their highest since May 12. U.S. gold futures GCv1 also gained 0.3% to $1,847.90. The dollar began the week
Sterling fall broadly today after much worse than expected PMI data raises concerns of recession ahead. On the other hand, Euro jumps as ECB officials continued to talk up July rate hike, while PMI data were solid. Still, the best performer today so far is Yen, which is supported by receding risk-on sentiment. Dollar is
A person carries a bag from the Abercrombie & Fitch store on Fifth Avenue in New York City, February 27, 2017. Andrew Kelly | Reuters Abercrombie & Fitch shares tumbled more than 20% in premarket trading Tuesday after the retailer reported an unexpected loss in its fiscal first quarter, with freight and product costs weighing
Gold Price remains firmer so far this week. As FXStreet’s Dhwani Mehta notes, XAUUSD eyes a sustained move above the 21-Daily Moving Average (DMA) at $1,857. Immediate support is seen at the $1,850 psychological level “Attention turns towards the global Manufacturing and Services PMIs preliminary readings, which will provide fresh hints on a potential recession
EURUSD bounced off the 50%/swing area. Earlier in the day, the EURUSD moved above the 50% of the range since the April 21 high at 1.06421. The price also moved above the swing high from May 5th at 1.0641 (just a pip off the50% level). There were other swing levels down to 1.0633. The break
> More on JP Morgan and UBS both slashing their forecasts for Chinese economic growth Earlier posts are here: UBS citing: economy will likely rebound in Q3 and Q4 with the Chinese government refining lockdown restrctions, including reducing disruptions to transport and supply chains but the easing will be as quick as that in 2020
TOKYO: Oil prices eased in early trade on Tuesday as concerns over a possible recession and weaker consumption outweighed an expectation of tight global supply and a pick-up in fuel demand in China after Beijing’s promises of stimulus. Brent crude futures for July slid 35 cents, or 0.3%, to $113.07 a barrel by 0122 GMT.
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