In this article HD Follow your favorite stocksCREATE FREE ACCOUNT The Home Depot logo is seen in Florida Keys, United States on May 7, 2024. Jakub Porzycki | Nurphoto | Getty Images Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year
The Mexican Peso treaded water on Tuesday following Monday’s 1.2% backslide. Banxico recently delivered a rate cut despite an uptick in headline inflation figures. Mexico’s central bank expects inflation bump to smooth out. The Mexican Peso (MXN) held close to flat on Tuesday, paddling around 19.00 as Peso traders find their balance following a 1.2%
Dollar weakens broadly in early US session after July’s PPI came in lower than expected, signaling easing in inflationary pressures. This development was well-received by investors, with stock futures ticking up slightly and 10-year Treasury yield dipping in response. While the softer PPI readings provide some relief to those hoping for monetary easing from Fed,
The USDCAD has found support buyers near 1.3717 and resistance sellers near the 50% of the move up from the July low to the August high. That level comes in at 1.3766. The price has been between those extremes since middday on August 7th (4 trading days). The range is only around 50 pips. At
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold October futures contracts at MCX opened flat today at Rs 70,679 per 10 gram, which is down by 0.08% or Rs 59 while silver September futures contracts were trading at Rs 81,237/kg, down by 0.47% or Rs 387. The prices of gold have gained Rs 800/10 gm while silver has gained Rs 700 per
Source: HelloFresh Shares of German meal kit firm HelloFresh jumped on Tuesday after the company reported a better-than-expected profit in the second quarter and said its ready-to-eat meals segment saw rapid growth. HelloFresh shares climbed as much as 20% during morning trade, but had pared gains to rise 11% to 5.90 euros ($6.44) as of
GBP/USD gains positive traction for the fourth successive day on Tuesday. Dovish Fed expectations undermine the USD and lend support to the pair. Traders now look to UK jobs data for some impetus ahead of the US PPI. The GBP/USD pair attracts some dip-buyers during the Asian session on Tuesday and climbs to a fresh
The forex markets have started the week on a subdued note, typical of a Monday morning in Asia, particularly with Japan on holiday. Yen remains in a consolidation phase, holding steady after its recent gains and staying as the strongest currency this month so far. Swiss Franc is not far behind, ranking as the second.
The USDJPY has moved lower as the day comes to a close and in the process is moving closer to near converged 100 and 200 hour moving averages. In the new trading day, if the price can stay above those moving averages, the bias would remain more positive. Conversely, break below and look for more
The US CPI report is due out on Wednesday and it should add to the case that price pressures are no longer a market preoccupation. Goldman Sachs is out with its estimate of core CPI, which they peg at 0.16%, below the 0.2% unrounded consensus. They continue to see a decline in core goods, which
Gold prices eased on Tuesday but hovered near a one-week high, while markets awaited a key U.S. inflation data that could provide further insight into the U.S. Federal Reserve‘s next policy decision. FUNDAMENTALS * Spot gold fell by 0.2% to $2,466.69 per ounce, as of 0155 GMT, after hitting its highest since Aug. 2 earlier
People shop at a grocery store in Brooklyn on July 11, 2024 in New York City. Spencer Platt | Getty Images Consumers grew more confident in July that inflation will be less of a problem in the coming years, according to a New York Federal Reserve report Monday that showed the three-year outlook at a
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 Monday’s key moments. U.S. stocks were mixed on Monday as Wall Street braced for major inflation data later this week. The S & P 500 and Nasdaq Composite edged 0.4% and 0.7% higher,
Oil price jumps higher for a fourth consecutive day on Monday. Traders send Oil prices higher on trimmed demand outlook from OPEC. The US Dollar Index trades at a pivotal level after being glued to it since last week. Oil price jumps higher for a fourth straight day in a row on Monday. Oil traders
Yen and Swiss Franc weaken slightly in today’s subdued trading environment. With the economic calendar offering little in terms of market-moving events during the European and US sessions, currency movements have been minimal. Meanwhile, Australian and New Zealand Dollars are showing modest strength, though most other major currencies are trading within narrow ranges. Other financial
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Hedge funds have been safeguarding against a global economic slowdown via commodity shorts in all likelihood. Bloomberg data showed a net short of 153K contracts across 20 raw-materials markets in the latest week, that’s the most since at least 2011. The positioning is particularly stark in oil, where the net was cut by 110 million