The major US indices are closing with mixed results today. The Dow industrial average and S&P index both closed lower. No record closes for those indices on the last trading day of the week. The NASDAQ index did close in positive territory and at a new record. A summary of the closing levels shows: Dow
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Whether you’re a fan or not, meme coins have stormed the crypto market, reaching valuations in the billions. Notably, Dogecoin and Shiba Inu, leading the pack, boast market caps of approximately $22 billion and $16 billion, respectively, making them some of the most valuable projects in the crypto sphere. Amidst this frenzy, Solana has emerged
The past week in the currency markets was a dramatic whirlwind, marked by pivotal moves from major central banks across the globe. From BoJ’s unexpected hike to SNB’s surprise cut, from Fed’s hawkish leaning projections to BoE’s dovish voting, they collectively orchestrated a much volatile than usual trading environment. Amidst this chaos, Dollar emerged victorious
AUD/USD has traded in the 0.6500 range through March – with a short rise above 0.6600. Economists at the National Australia Bank analyze the pair’s outlook. Aussie still expected to appreciate Our expectation for an appreciation above 0.7000 in H2 2024 is contingent on the reversal of the broad strength shown by the USD over the
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
The USD is ending the day mostly higher with gains vs all the major currencies with the exception of the JPY and CHF (-0.16% and -0.06 respectively). The strongest to the weakest of the major currencies The greenback rose the most vs the AUD (+0.84%), NZD (+0.79%) and CAD (+0.59%). Solid gains on the day
Commodity prices tend to go through extended periods of boom and bust, known as supercycles. They are expected to last much longer than business cycles. No two supercycles are the same, however, and the length of the upswing and downswing phases can vary considerably from cycle to cycle. It can take anywhere from 5 to
Dollar mounted a significant comeback overnight, demonstrating resilience amidst surge in risk-on sentiment that propelled the three major US stock indexes to record highs. The greenback continued to extend gains in Asian session, surpassing pre-FOMC highs against European majors. The shift in sentiment came in wake of SNB’s unexpected rate cut yesterday and dovish voting
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
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 SNB cut rates this week pushing the CHF lower (the USDCHF higher), but sellers showed up on the first test of the 38.2% retracement of the trend move down from 2022 high at 0.90254. Getting above that level is key for the buyers in the pair going forward. If broken to the upside the
US Sec. of State Blinkin continues pressure on Israel’s PM Netanyahu, by warning he and his war cabinet, that without a plan for the day after, Israel is on its way to being stuck in Gaza in a way that would endanger its security and international standing. Israel has not been listening. Comments from US
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
Terry Vine | Getty Images Falling fertility rates are set to spark a transformational demographic shift over the next 25 years, with major implications for the global economy, according to a new study. By 2050, three-quarters of countries are forecast to fall below the population replacement birth rate of 2.1 babies per female, research published
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
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
The GBPUSD has moved to a new low and is back firmly in the middle of the old range between 1.2593 and 1.2800. At the highs today, the price stalled near 1.2800 and then reversed and moved lower helped by the BOE rate decision and dovish shift. Stronger US statistics also gave the sellers ammunition