New Zealand Dollar trades broadly higher after RBNZ’s rate hike today. But trading is mixed in other currencies. Commodity currencies are generally on the soft side for the week, but there is no follow through selling. Dollar is still the strongest, but it’s struggling to extend the near term rally. Yen attempted for a bearish
Month: August 2022
A sign outside of a Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. Joe Raedle | Getty Images Target will report its fiscal second-quarter
FuboTV held an investor day on Tuesday. Management said it would achieve profitability by 2025. CFO said company only requires $100 million to achieve profitability. FuboTV (FUBO) may be the latest meme stock. After advancing 45% on Tuesday, shares are up another 4.1% in Wednesday’s premarket to $6.61. The sports live streaming platform has been
Despite the ongoing cryptocurrency market decline and associated forced layoffs in major crypto firms, a career in crypto doesn’t turn less attractive to many traditional finance executives. European crypto exchange-traded fund (ETF) provider 21Shares announced three major hires on Wednesday to expand its presence in countries like France, Germany and the United Arab Emirates. Marina Baudéan,
The major US indices are closing with mixed results. The Dow industrial average was the biggest winner with a gain of 0.71%. The NASDAQ index fell and the S&P index rose by equal 0.19% amounts. Home Depot and Walmart announced earnings before the opening and they both rose sharply. Home Depot is closing up $12.95
The economy ministry in Russia has issued revisions to forecasts for 2022 – 25: sees 2022 GDP contraction at 4.2% vs 7.8% previous mid-May forecast sees 2023 GDP down 2.7% vs 0.7% in previous set of forecasts sees dollar/rouble average rate at 68.1 in 2022, 69.2 in 2023 Reuters pass along the info, citing documents
When Russia invaded Ukraine in the spring, energy experts were predicting that oil prices could reach $200 a barrel, a price that would send the costs of shipping and transportation into the stratosphere and bring the global economy to its knees. Now oil prices are lower than they were when the war began, having dropped
While Dollar remains generally firm, Yen is reversing much of this week’s gain. The moves come as European benchmark yields are trading generally higher. Major European stock indexes are also in slight positive position. Canadian Dollar is rebounding, responding more to rising core inflation reading. European majors and other commodity currencies are mixed for now.
In this article WMT A shopper wearing a protective mask shops in a Walmart store on May 18, 2021 in Hallandale Beach, Florida. Joe Raedle | Getty Images Walmart on Tuesday said sales grew more than 8%, but profits tightened in the fiscal second quarter, as consumers turned to the discounter for groceries and essentials.
USD/CAD bears seek a break of the 4H 61.8% ratio to the downside. Bulls eye an extension towards 1.3000. As per the prior analysis, USD/CAD Price Analysis: Bulls could be about to clean up, and USD/CAD Price Analysis: Bulls seeking a break of 1.2790/00, whereby it stated that ”a resurgence in the greenback would be expected to see USD/CAD rally in
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USDCHF ticks to a new high. What next? The USDCHF is ticking above the earlier high for the day at 0.9468 and the swing low going back to August 2 at the same level. The price just reached 0.94709. The 38.2% of the move down from the August 5th came in at 0.9478. Getting back
Prior -45.8 Economic sentiment -55.3 Prior -53.8 That’s another dismal reading as ZEW notes that they expect a further decline in the already weak economic growth in Germany. Adding that high inflation rates and expected additional costs from higher energy prices are to decrease profit expectations for the private consumption sector. ADVERTISEMENT – CONTINUE READING
NEW DELHI: Gold prices dropped sharply in the domestic markets on Tuesday as the prices adjusted in line with the global markets after opening for trade following a long weekend. A dip in the US bond yield capped the losses, although a stronger dollar and concerns over further rate hikes by the Federal Reserve kept
Yen and Dollar are so far stronger for the week, with recession as a main theme in the markets. Yet, their upside is relatively limited, as US stocks managed to extend near term rally overnight. Commodity currencies are generally on the softer side, but Aussie, Kiwi and Loonie are all staying inside last week’s ranges.
Gold witnesses selling for the second straight day on Tuesday amid modest USD strength. Hawkish Fed expectations and elevated US bond yields continue to underpin the greenback. Recession fears could limit losses for the safe-haven XAU/USD ahead of the FOMC minutes. Gold attracts fresh selling near the $1,783 region on Tuesday and turns lower for
The major stock indices are closing higher on the day with the Nasdaq leading the way. The major indices are off to a positive start for the week after 4 straight weeks of gains 9 or 11 sectors in the S&P moved higher with Energy (-1.9%) and materials (-0.1%) the only sectors to decline. Crude
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