In this article LULU Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Lululemon on Tuesday reported revenue and profit for the holiday quarter that topped analysts’ estimates, boosted by the athletic apparel maker’s online business, and double-digit
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EUR/USD bears catch a breather around low marked on November 05, 2020. Bearish MACD, sustained trading below 200-day SMA favor sellers. Multiple bottoms since late-July add to the downside filters. Five-week-old falling trend line also becomes important resistance. EUR/USD picks up bids to 1.1722 while consolidating the recent losses during Wednesday’s Asian session. Even so,
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The price of Bitcoin (BTC) saw a correction in the run-up to the record options expiry last Friday. However, nothing happened despite some expecting a massive move on the same day. The actual correction occurred before the event. On the day itself, Bitcoin’s price has bottomed out and began to rally. The ongoing rally above
Latest data released by Destatis – 30 March 2021 Prior +1.3% CPI +0.5% vs +0.5% m/m expected Prior +0.7% HICP +2.0% vs +2.0% y/y expected Prior +1.6% HICP +0.5% vs +0.5% m/m expected Prior +0.6% The report is bang on expectations and reaffirms the bump higher as seen with the state readings earlier in the
USD/JPY moves up to 110.27, its highest level since 26 March last year The bond market is stealing the show once again in trading today as 10-year Treasury yields continue to surge higher, now up 6.4 bps to 1.772%. In turn, that is keeping the dollar bid while the yen is offered across the board.
NEW DELHI: Gold dipped by Rs 138 to Rs 44,113 per 10 gram in the national capital on Tuesday amid decline in global precious metal prices, according to HDFC Securities. In the previous trade, it had closed at Rs 44,251 per 10 grams. Silver also declined Rs 320 to Rs 63,212 per kg, from Rs
Yen trades generally lower today following surging treasury yields and some firmness in stock markets. While it’s not yet a full risk-on market, sentiments are positive for now. Swiss Franc, Euro and Dollar also turn slightly softer. On the other hand, commodity currencies and Sterling are trading generally higher. Technically, the downside breakout in EUR/GBP
GameStop has announced on Tuesday that Amazon executive Elliot Wilke is to join GameStop as its Chief Growth Officer on April 5. Mr. Wilke spent several years at Amazon and was last Head of its Amazon Fresh retail stores business. GameStop has been revitalizing its board of late as Ryan Cohen has been tasked with
E-commerce merchants can now transact in nearly 40 cryptocurrencies through global payment platform Nuvei. According to the announcement, merchants partnered with the payment provider can use an array of cryptocurrencies to send and receive payments across 200 countries, including top assets Bitcoin (BTC) and Ether (ETH), lesser known cryptos such as Reddcoin and Bitcoin Gold,
More Japanese data, this time its Retail sales for February A big beat at +3.1% m/m-1.5 % y/y also a beatJapan was in the midst of a state of emergency in Tokyo and surrounds – despite this retail has performed strongly. The emergency declaration has since ended so logic would dictate the March figure will
Russell 2000 falls -2.8% The Dow is closing at a record close. The Nasdaq lagged with the Russell 2000 of small-cap stocks taking it on the chin. The final numbers are showing: S&P index fell -3.35 points or -0.08% at 3971.19 Nasdaq fell -79.07 points or -0.60% at 13059.64 Dow rose 98.43 points or 0.3% at 33171.31 The small-cap
As concerns grow over the prolonged blockage of waterway in the Suez Canal in Egypt, prices of not only petrol and diesel but also coffee may be in for a rise. A huge container ship, which had run aground, continued to block traffic in the Suez Canal, one of the world’s busiest waterways, and the
Sterling trades generally higher today, with much help from buying in crosses against Euro and Swiss Franc. Australian and New Zealand Dollar are also firmer even though overall market sentiments are mixed. Canadian Dollar, on the other hand, remains a softer one, followed by Euro and then Swiss Franc. Dollar and Yen are mixed for
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve is not keeping monetary policy easy so the government can continue running up debts and deficits,
EUR/JPY bears are lining up to take on the daily support structure. The bears are rejecting the daily correction at a significant layer of resistance and confluence between structure and Fibos. EUR/JPY’s downside case is compelling as traders step away from the euro which is plagued by the coronavirus fears. The yen is a safe