In this article GME A GameStop location in New York, Dec. 23, 2021. Scott Mlyn | CNBC GameStop reported $1.38 billion in revenue in its fiscal first-quarter earnings report Wednesday, up slightly from the $1.27 billion it reported in the year-ago quarter. But, it also reported a $157.9 million net loss, which is worse than
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AUD/USD is consolidating the recent volatility and has left a doji on the daily chart. The price could be in for some sideways action as markets take a rest bite ahead of more critical US events. At 0.7150, AUD/USD is flat on the day and trading in the middle of the overnight ranges. It has
Both the EURUSD and the GBPUSD saw downside corrective trading break below their respective 100 hour moving averages, only to find support buyers against the lower 200 hour moving average. Looking at the EURUSD hourly chart below, the pair peaked yesterday at 1.07857, and could not rotate any higher in trading today. After breaking below
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NEW DELHI: Gold prices were trading sharply lower on Wednesday, the lowest levels in the last two days. The demand for the safe-haven bullion has been offset by a sustained gain in the US treasury yields and some strength in the US dollar. Gold futures on were trading lower by 0.46 per cent or Rs
Strong rally in USD/JPY is the main focus in Asian session today, following the strong rebound in benchmark US treasury yields. Yen is also staying as the weakest one. But for now, Canadian Dollar and Australian Dollar are both stronger than the greenback. The Loonie’s rally slowed some what as WTI crude oil was rejected
In this article VSCO Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022. Mandel Ngan | AFP | Getty Images Victoria’s Secret reported a quarterly profit that topped Wall Street expectations on Tuesday, but warned that it could continue to face supply chain and sales challenges for the remainder of
USD/CAD continued with its struggle to capitalize on modest intraday recovery gains. An uptick in oil prices underpinned the loonie and acted as a headwind for the major. The downside seems cushioned amid sustained USD buying and ahead of the BoC. The USD/CAD pair surrendered modest intraday gains and slipped below mid-1.2600s during the first
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Billionaire Elon Musk and Dogecoin (DOGE) co-founder Jackson Palmer are locked in battle on social media over Palmer’s claim that he could remove Twitter bots with a simple Python script. Australian Palmer said in an interview that his script was capable of automatically tweeting replies to scam tweets as a way of indicating that users
The AUDUSD moved higher at the start of the month of May and in the process moved up to retest the 100 and 200 day MAs (blue and green lines on the chart above). The price rise found risk focused sellers against the lower 100 day MA. The next 6 days saw the price move
National Australia Bank were forecasting a +0.1% q/q result for January – March economic growth but yesterday revised that much higher: Q1 GDP is expected to rise 0.7% q/q and 3.0% y/y. That’s on the back of a continuation of the consumption rebound out of Q3 lockdown impacts. That ongoing services-led consumptions rebound is expected
Gold in the national capital on Tuesday gained marginally by Rs 34 to Rs 51,046 per 10 grams in line with firm global trends along with rupee depreciation, according to Securities. In the previous trade, the precious metal settled at Rs 51,012 per 10 grams. In contrast, silver declined by Rs 390 to Rs 61,657
Euro is trading broadly lower today even though inflation high another record high. The common currency and European indexes are somewhat weighed down by EU’s decision to ban two-thirds of Russian oil imports immediately. Dollar is rebounding following some risk aversion, together with Swiss Franc. But Canadian Dollar remains firm as supported by surging oil
In this article CRM Marc Benioff, co-CEO of Salesforce.com Inc., speaks on a panel session at the World Economic Forum in Davos, Switzerland, on Tuesday, May 24, 2022. Hollie Adams | Bloomberg | Getty Images Salesforce shares rose 7% in extended trading on Tuesday after the enterprise-software maker reported fiscal first-quarter results that surpassed analysts’
EUR/USD is juggling around 1.0733 ahead of multiple economic events. An improvement is expected in the eurozone jobless rate at 6.7% vs. 6.8% earlier. ECB policymaker is expecting two consecutive rate hikes in June and September by 25 bps. The EUR/USD pair is displaying back and forth moves in a narrow range of 1.0730-1.0740 in