A Lululemon sign is seen at a shopping mall in San Diego, California, November, 23, 2022. Mike Blake | Reuters Lululemon on Tuesday reported strong holiday-quarter sales, suggesting wealthier shoppers are still purchasing yoga pants and tops despite rising prices for essential goods. The company also issued upbeat guidance for its new fiscal year. Shares
Share: Yesterday, the Hungarian Forint rallied noticeably after the central bank kept all policy parameters on hold. Economists at ING expect the EUR/HUF pair to ove below the 380 level for the rest of the week. NBH will remain cautious, patient and disciplined “The most important takeaway from this month’s rate-setting meeting is that the
Web3 wallet provider MetaMask has warned its users of “false rumors” of a purported MetaMask airdrop, which appears to have been making the rounds on social media. According to a March 28 tweet from MetaMask, there have “quite a few rumors going around” of a MetaMask snapshot or airdrop on March 31. There are quite
Gold prices edged down on Wednesday as the U.S. dollar steadied, while fears abated about a bigger fallout from the global banking sector crisis after efforts by regulators to shore up investor confidence. FUNDAMENTALS * Spot gold was trading 0.2% lower at $1,970.79 per ounce, as of 0050 GMT, after rising 1% on Tuesday. U.S.
Dollar, Japanese Yen, and Swiss Franc are under selling pressure this week amid improving risk sentiment. Yen is particularly weighed down by the extended rebound in treasury yields, while Swiss Franc is pressured by sell-offs against Euro and Sterling. Currently, the Canadian Dollar leads the pack for the week, aided by recovering oil prices. Australian
On the daily chart below for EURUSD, we can see that the price managed to break above the 1.08 handle as the Fed delivered on expectations although it sounded less hawkish. The reason is that the Fed is fearing that the recent events in the banking sector may slow the economy without requiring the Fed
Bloomberg carry the report (Bloomberg is gated) that “Regulators are singling out a trade on Deutsche Bank AG’s credit default swaps that they suspect fueled a global sell off on Friday.” The Bloomberg report is citing “people familiar with the matter”. In brief: It was a roughly €5 million ($5.4 million) bet on swaps tied
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 27, 2023. Brendan McDermid | Reuters Investors are too confident the Federal Reserve will cut interest rates this year and could pay the price later, according to asset management giant BlackRock and others on Wall Street. Market pricing
Share: AUD/USD supported on the approach to 0.6720s resistance. Traders will turn to the Aussie CPI event as a potential catalyst. AUD/USD is higher on the day by some 0.75% after rising from a low of 0.6644 to score a high of 0.6710 on Tuesday. A risk on appetite is supporting the high beta currencies
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Gold and silver futures were trading at day’s high in the second half of Tuesday’s session triggered by slippages in the greenback. The Dollar Index was down 0.29% at 102 against the basket of six major currencies. Movement in gold price is inversely related to the dollar trajectory. The MCX April Gold futures were trading
As European treasury yields rebound, the Euro and Sterling gains against Dollar and Swiss Franc today. However, their upside remains limited by near term resistance. Also, momentum against commodity currencies appears less pronounced. The greenback is trading lower amid generally stabilizing risk sentiment, but market fluctuations remain limited, with European indexes and US futures fluctuating
On the daily chart below for USDCAD, we can see that after reaching the top at 1.3862, the market fell as the failure of the Silicon Valley Bank and the fears around the banking sector made the market to reprice lower future interest rates expectations dragging the US Dollar down with it. The market then
No tsunami warning has been issued and the epicenter appears to be just off the east coast of the Aomori prefecture. JMA is also reaffirming that the preliminary magnitude is that of 6.1. Judging by the location, it doesn’t seem to be one that might cause too much harm and damage to the mainland.
Share: EUR/USD trades above the 1.08 mark. Economists at ING expect the pair to edge higher toward the 1.10 level. Schnabel keeps hawkish tone going “Isabel Schnabel reinforced her profile as one of the most hawkish members of the ECB governing council yesterday, as she said she wanted the ECB March statement to include a
Terraform Labs co-founder Do Kwon established a company in Serbia for less than $1 just weeks after being flagged with an Interpol red notice, according to documents from the Serbian Business Registry. As per a DLNews report on March 27 citing the official records, Kwon opened a company called “Codokoj22 d.o.o. Beograd” in October 2022