In this article UAA Follow your favorite stocksCREATE FREE ACCOUNT Under Armour clothing is seen for sale in a store in Manhattan, New York City, February 7, 2022. Andrew Kelly | Reuters Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted
Month: May 2024
Gold slips 0.24%, influenced by rising US Treasury yields, firm US Dollar. Mixed US economic data includes higher jobless claims and mixed housing data. Fed officials highlight ongoing inflation challenges and steady monetary policy stance. Gold prices fell in the mid-North American session on Thursday, below $2,390, as US Treasury yields recovered and underpinned the
In the kickstart video today (CLICK HERE), I spoke to the corrective move lower in the EURUSD and what needed to happen to either give the sellers more control, or keep the buyers in control. More specifically, I spoke to the 5-minute chart below, showed how the 100/200 bar MAs were holding resistance once broken
Markets: S&P 500 down 11 points to 5297 after hitting record Dow Jones Industrial Average hits 40,000 for the first time WTI crude oil up 66-cents to $79.30 US 10-year yields up 2 bps to 4.38% Gold down $8 to $2378 USD leads, CHF lags It’s tough to find anything to hang the price action
Silver soared by Rs 1,800 to hit a fresh record high of Rs 88,000 per kg on Thursday, while gold prices jumped Rs 650 to Rs 74,050 per 10 grams in line with strong global trends. According to HDFC Securities, rising for the second straight session, silver prices surged Rs 1,800 to hit its lifetime
The strong rally in US stocks seen yesterday appears to lack follow-through momentum, with futures indicating a flat open today. The benchmark 10-year yield is fluctuating within a tight range, and Dollar is broadly recovering as selling momentum wanes. The strong increase in import prices serves as a reminder that, although disinflation in the US
Europe’s macroeconomic outlook is brighter — but markets may be underestimating the potential for sudden destabilization due to geopolitics, the vice-president of the European Central Bank said Thursday. “We are talking about the electoral cycle that is going to take place not only in the U.S., but as well in Europe. And simultaneously, we are
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of key moments. The Dow on Thursday topped 40,000 for the first time ever. The S & P 500 and the Nasdaq also hit record highs for the second session in a row —
NZD/USD pulls back from a two-month high of 0.6140 marked on Thursday. Technical analysis suggests a confirmation of the bullish trend for the pair. The pair could find the key resistance at the major level of 0.6150. NZD/USD retreats from a two-month high of 0.6140, trading around 0.6110 during the European session on Thursday. The
The move to the upside continues and the major indices are not on pace to all close at record levels today. Dow record high close coming into the day was at 39807.38. The index is up 274 points at 39832 currently. Both the Nasdaq and S&P closed at record levels yesterday. ANything positive today would
The economic calendar is empty in the European session, so the market will likely keep trading based on the yesterday’s benign US CPI report which should have set the positive trend in risk assets for the next few weeks. There is a data point that could ruin the positive mood though: the US Jobless Claims
Amid increased hope of rate cuts later in the year, gold prices on MCX for June futures contracts opened on a flat note on Thursday to trade at Rs 73,100 per 10 grams. In the last two days, gold prices went up by nearly Rs 800 while MCX July silver contracts were up by Rs
Dollar faced broad sell-offs overnight and continued to weaken in Asian session. Investors breathed a sigh of relief after US CPI data indicated that disinflation is progressing, which has reignited speculation about near-term rate cuts by Fed. Or at least, another rate hike is now highly unlikely, as repeated by Chair Jerome Powell. Fed fund
Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that would suggest a cut in interest rates is imminent. The consumer price index, a broad measure of how much goods and services cost at the cash register, increased 0.3% from March, the Labor Department’s Bureau
In this article CSCO Follow your favorite stocksCREATE FREE ACCOUNT Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024. Stefan Wermuth | Bloomberg | Getty Images Cisco reported earnings and revenue for the fiscal third quarter that topped Wall Street’s
Gold price hits $2,390, its highest level in three weeks, gaining over 1%. US Treasury bond yields plunge, US Dollar Index drops to five-week low. April Retail Sales stagnate, while Fed officials express concerns about restrictive monetary policy. Gold price extended its uptrend for the second straight day on Wednesday and hit a three-week high
The NZDUSD is racing higher today as “risk-on” flows = Buy NZDUSD (at least today). Technically, the price moved back above the 100 day MA at 0.6088 and then the 50% of the move down from the December 2023 high at 0.6109. Those levels are now close risk levels for buyers. Staying above give the
The Australian dollar is up nearly 1% today in a broad rally in risk trades and slump in the US dollar. Westpac highlighted AUD/USD longs as something on its radar before the US CPI data but with the break, I’d expect them to get more-favourable to AUD/USD buys. AUD/USD has been showcasing more secure credentials,
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