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
Month: March 2024
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
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.
USDCHF is moving higher and looks toward the Feb highs The USDCHF currency pair has seen a notable increase in activity, registering a 49 pip extension in its trading range today. This movement pushes it 3 pips beyond the 22-day average trading range, which equates to approximately one month of trading, making it the first
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
Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening. Brent crude oil futures for May delivery inched up 3 cents to USD 85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate
Yen’s continued weakness persists in today’s subdued market, despite growing expectations for a BoJ rate hike in the upcoming Asian session—a move anticipated to conclude its longstanding negative rates policy. Although the anticipated adjustment from -0.10% to 0.00% may seem minor, its symbolic significance for the Japanese economy is profound, as it heralds a new
A picture taken on August 14, 2018 shows the logo of Turkey’s Central Bank at the entrance of its headquarters in Ankara, Turkey. ADEM ALTAN | AFP | Getty Images Turkey’s central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling that its rate-hiking cycle was
Construction workers are seen at a new condominium building project in Huerth, western Germany, on April 5, 2023. Ina Fassbender | Afp | Getty Images Shares of German property giant Vonovia fell as much as 7% on Friday, shining a light on a deepening real estate crisis in Europe’s largest economy. The share price slightly
Mexican Peso depreciates as local markets close for Benito Juarez’s birthday, USD/MXN aiming above 16.80. Banxico is widely anticipated to reduce interest rates slightly amidst a focus on upcoming US economic data and the FOMC outcome. Attention turns to key economic reports and central bank decisions in Mexico and the US this week. The Mexican
The USD buying today has also influenced the price action in the NZDUSD. For that pair, the pair fell and initially found support buyers against the 200- hour moving average and 50% retracement near 0.61418. After bouncing modestly, the sellers piled in and pushed below the dual technical levels. The subsequent momentum in the price
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
Oil prices rose on Thursday as investors digested the International Energy Agency’s (IEA) latest oil market report – in which it predicts a tighter market in 2024 – as well as fresh U.S. economic data. Brent crude futures for May rose 70 cents, or 0.83%, to $84.73 a barrel by 1346 GMT. U.S. West Texas
Consolidative trading continues in the forex markets in general. There is little reaction to the batch of economic data released from there US. Comments from ECB officials were also largely ignored. For now, commodity currencies are the stronger ones for the week, as led by Canadian Dollar, while Euro is also firm. Sterling and Swiss
A customer shops for food at a grocery store on March 12, 2024 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Wholesale prices accelerated at a faster than expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. The producer price index, which measures
Dick’s Sporting Goods logo is seen on the shop in Williston, United States on June 19, 2023. Jakub Porzycki | Nurphoto | Getty Images Dick’s Sporting Goods raised its dividend by 10% on Thursday as the company posted its largest sales quarter in its history and projected another year of growth. Many retailers benefited from
Gold is enjoying a remarkable start to the year. Economists at MUFG Bank analyze the yellow metal’s outlook. Gold’s structural resilience has further to run Yet, beyond the likely solidification of Fed cut expectations in the coming weeks and months, it is the structural channels of physical demand for Gold that excites us most, which
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