The NZDUSD – like some of the other currency pairs vs the USD this week – saw multiple up-and-down price action. It moved to the upside on Wednesday and was spurred on by the FOMC rate decision. Its move back to the downside on Thursday and today was spurred by stronger growth and a rotation
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Brent crude could average $92-$95 for 2024 and MCX prices could test the resistance of Rs 7,300/BBL by end of 2024, says Jigar Pandit, Head Commodity & Currency Business, Sharekhan by BNP Paribas. He advises investors to remain bullish on crude oil, buying the correction. What impact do you see on the supply side and
Japanese Yen rebounds broadly today, likely driven by traders taking profits on short positions after a significant week of sell-off following BoJ’s rate hike. This stabilization comes amidst speculations stirred by Japan’s latest inflation data, raising the prospect of a second hike by BoJ in the second half of the year. Nevertheless, such predictions seem
Stubbornly high inflation could push the Federal Reserve into a more cautious stance this year regarding interest rate cuts, the central bank’s former vice chair said Friday. Richard Clarida, who served as Fed governor until January 2022 and is now a global economic advisor at asset management giant Pimco, said his former colleagues need to
In this article LULU Follow your favorite stocksCREATE FREE ACCOUNT Canadian sportswear clothing band, Lululemon store in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images Lululemon on Thursday reported holiday earnings that topped expectations, but the athletic apparel retailer’s guidance came in below estimates as its growth in North America stagnates. Here’s how the
Lululemon Athletica plunges below $400. Full-year guidance cut to $250 million below consensus. LULU stock halts fall near long-time support at $386.50. Q4 earnings and revenue arrive above consensus. A Wall Street favorite, Lululemon Athletica (LULU) stock was dashed against the rocks on Friday due to management’s lower outlook for revenue in the current year.
The price of crude oil futures are closing at $81.07, down $0.20 or -0.25%. The high for the day reached $81.92. The low for the day was at $80.30. News out of Israel was that Israeli forces will look to control Rafah despite opposition from Washington. Looking at the hourly chart, the low price tested
The market reaction to the post-Fed reaction seems to be “oops, we might have overreacted”. The dollar stormed back in trading yesterday and has completely erased the drop on Wednesday. What’s more is that the greenback is now threatening some key technical levels on the charts. Let’s get straight into that. EUR/USD daily chart For
Gold prices edged higher on Friday and were set for a fourth weekly rise in five after the U.S. Federal Reserve maintained its interest rate cut projections for the year, boosting investor sentiment. FUNDAMENTALS * Spot gold was up 0.1% at $2,183.93 per ounce, as of 0117 GMT, after hitting an all-time high on Thursday.
Dollar took a nosedive overnight as investors were apparently relieved that Fed is still on track to cut interest rates three times this year. The odds for a June cut as indicated by fed fund futures also jumped back to above 70%. The positive sentiment shoot major US stocks indexes to new record highs. The
In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT The Nike logo is displayed at a Nike Well Collective store on February 16, 2024 in Glendale, California. Mario Tama | Getty Images Nike‘s China sales continued to slow during its holiday quarter, but the retailer beat estimates on the top and bottom line, helped
NZD/USD pair loses ground after mixed PMI data from the United States. US Dollar strengthens despite lower US Treasury yields. New Zealand’s Trade Balance improved to $-11.99 billion. NZD/USD continues to lose ground on the second consecutive session on a stronger US Dollar (USD), which could be attributed to mixed data from the United States
Dow jones futures: Potential market correction with technical analysis – see video📉 In the dynamic realm of investing and trading, keen insight into market trends and patterns is indispensable for savvy investors. A closer look at Dow Jones futures offers a compelling narrative of bullish strength, juxtaposed with signals of a looming correction. * See
The Wall Street Journal is reporting that Chinese President Xi Jinping plans to meet U.S. business leaders in Beijing next week, following the China Development Forum, to attract American firms amidst foreign capital exodus. According to the article: Scheduled attendees include Chubb’s CEO Evan Greenberg, Stephen Orlins from the National Committee on U.S.-China Relations, and
Gold prices on Thursday hit record peaks for the fifth time this month after the U.S. Federal Reserve anticipated three rate cuts in 2024 despite high inflation. Spot gold was up 0.8% at $2,202.39 per ounce at 1318 GMT after hitting an all-time high of $2,222.39 earlier in the session. U.S. gold futures rose 2%
Swiss Franc is trading as the day’s most significant loser in the wake of SNB’s surprising decision to cut interest rates. This move, along with a substantial downward revision of inflation forecasts, is seen by some economists as a strategic effort by SNB to alleviate the burden of a high exchange rate on Switzerland’s export-driven
The Swiss national flag hangs from the Federal Palace, Switzerland’s parliament building, in Bern, Switzerland, on Thursday, Dec. 13, 2018. The Swiss National Bank cut its inflation forecast and showed no inclination of moving off its crisis-era settings, citing the francs strength and mounting global risks. Photographer: Stefan Wermuth/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty